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mircea_popescu: asciilifeform here, you'll lulz : largest 2016 export was 42bn worth of gold.
☟︎ mircea_popescu: they still export half a trillion worth of mostly software and crap (1/3 balance deficit)
mircea_popescu: well, depends how historically. even more historically they were strong in textiles.
mircea_popescu: historically they were strong in engines, and other ind equipment.
mircea_popescu: now they make houses for russians to buy, to have them stolen away. the switch to chinese didn't take.
mircea_popescu: and the uk specifically is headed for a shitter of epic proportions. they've to retool, but have no space to borrow to support capital costs and no strength in the labour market.
mircea_popescu: this is ahead of sweden (1% inflation champs), the uk (5% deficit and 90% debt to gdp LOL), denmark, you name it.
mircea_popescu: in other random lulz : romania closed 2016 as the strongest economy in the eu. 1.3% drop in inflation, <1% budget deficit, 38.5% debt to gdp. stable local currency yoy.
mircea_popescu: speaking of which, i wonder how many people decided to have their kid for the eclypse. maybe that way it'll come out speshul ?
mircea_popescu: mike_c well, social media has tits. though usually of the useless variety.
mircea_popescu: (though traditionally the way "bitcoin doubler" scams work is that they pay off initially. and i don't expect this "bitcoin cash market" thing is anything else, however it may be interpreted by the retard crowd)
mircea_popescu: anyway, cheap source of retweets/likes/wjhatever such social media crapital.
mircea_popescu: bit of a time bomb, as i'm sure these will pop up. first mover advantage i guess.
mircea_popescu: (of course in reality there isn't, but w/e, not the worst business idea i ever heard.)
mircea_popescu: in principle there's you know, 100mn dollars worth of free money sittibng on ground, if you get 1% of that you really don't need a job.
mircea_popescu: "send me your keys to SPENT btc addresses, i will send you back some btc"
mircea_popescu: well so this seems like it is a very credible service, makie a website
mircea_popescu: ah so it's "send me the keys to pre-fork addresses, and i'll return btc" ?
mircea_popescu: so you would do it as "send me 1 btc, i will send back 1.1 btc depending on market"
mircea_popescu: let me know if you manage to actually get anything for them, i've yet to meet someone who has.
mircea_popescu: lol Birdman 's got a consultancy bidniss almost going ?
mircea_popescu: well depends observably for whom. what, you're going to compare events with alt-events-as-reasonably-imagined ?
mircea_popescu: i think this proves roosevelt is alive (might as well).
mircea_popescu: asciilifeform aha, old man went in on a ticket of no-compromise, compromised errythang.
mircea_popescu: the notion that spain has or could ever fucking recover...
mircea_popescu: just like if on an imaginary island you had a farm that produced all the milk but none of the meat, the return would be mostly in milk and not much in meat.
mircea_popescu: seems to be obvious and necessarily true, iunasmuch as bitcoin has 100% of the world savings market share and about a millionth of a percent of the world capital allocation market share.
mircea_popescu: anyway, transparend qpq seeing how microsoft is losing the global battle for relevancy.
mircea_popescu: now you understand why inca is no actual problem, nor its redditards worth courting.
mircea_popescu: asciilifeform well no, tank batallion is a different story. this is a textile maker, it has no further productive externalities than what it gets for cloth
mircea_popescu: the important parts : spent 200 per share to go from 60 to... 68.
mircea_popescu: whjole fucking point of investing, at least in the buffett understanding of it (apolitical, or in his case naively copacetic-political, columbia floating over farmer drawn hills) is to identify the corps with the most favourable capital discounts and to buy those while selling their opposites.
mircea_popescu: the only reason everyday joe doesn't encounter capital discounts is because a) too small and b) too stupid. otherwise even someone running a small video rental comprehends the difference between accounts receivable depending on from whom, and so on.