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Discussion ***Official*** 2023 Stock Market Thread 💰

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AdamK47 said:
I envision a scenario in the future where the janitor controls a group of cleaning bots from their home computer. Most of the time the cleanbots do their business in an automated fashion. Every once in a while the cleanbot needs assistance that requires manual intervention. Maybe help in maneuvering. Sometimes another bot would need to come over for further assistance.
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Star Wars hover cars and full size human sex bots. Where is the future they promised 40 years ago? 🤔
 
Brainonska511 said:
Not only that, but it also allows companies to have a competitive advantage and recruit talent outside of the typical commuter catchment area
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Like India. But the reason offshoring didn't have the impact people thought it would is mainly because of all of the downsides of WFH.

I think that companies that truly believe in WFH will mainly look at low cost countries.
 
BTW, looking at the rate odds, it sure has slumped. A cut in May is now the decent favorite. That still seems like not enough time.
 
jpiniero said:
Like India. But the reason offshoring didn't have the impact people thought it would is mainly because of all of the downsides of WFH.

I think that companies that truly believe in WFH will mainly look at low cost countries.
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Except not like India, because you can still get competent people in the same or close time zones, instead of +12 hr.
 
Brainonska511 said:
Except not like India, because you can still get competent people in the same or close time zones, instead of +12 hr.
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My buddy is a test engineer for BAE in one of their aircraft parts divisions. He worked with outsourced engineers from India at that same job pre-pandemic. Guess who still works there (90% of the time from home) and guess who didn’t have their contracts renewed.
 
repoman0 said:
My buddy is a test engineer for BAE in one of their aircraft parts divisions. He worked with outsourced engineers from India at that same job pre-pandemic. Guess who still works there (90% of the time from home) and guess who didn’t have their contracts renewed.
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I'll take the bait and play devil's advocate: Name one reason that I should care which human gets the job. Is one human more worthy than the other?

Back to the stock market topic: oil prices are absolutely plunging today on buildup of US stocks and record US oil production. I care because lower oil prices is the key to the successful soft landing. We can have lower prices without higher interest rates (and thus without causing high unemployment) if oil prices stay low. As an added bonus, the US oil reserve is starting to fill back up at a profit for the US government.
 
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dullard said:
I'll take the bait and play devil's advocate: Name one reason that I should care which human gets the job. Is one human more worthy than the other?
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Of course you shouldn’t, and I certainly don’t (well, beyond the fact that I live here and want my fellow countrymen to have the best chance at work for the purely selfish reason of not wanting the country to degenerate into a shithole with no middle class jobs). The point is that western companies that do the outsourcing thing often find out it isn’t as great as they thought it’d be.
 
Acrs hit $1.04 today. Thank goodness I sold at .89, didn't want to be greedy.

DRCT keeps marching towards 52 week high.
 
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Ooh it gets spicier. OpenAI employees are mad now because it's obvious that forcing out the CEO is going to cause investors to flee prematurely, and they will get nothing.
 
Microsoft announced today that they are hiring Sam Altman. This drama is so good.

A bunch of dipshits on the OpenAI board. I imagine it being run like in the Silicon Valley HBO show.
 
AdamK47 said:
Microsoft announced today that they are hiring Sam Altman. This drama is so good.

A bunch of dipshits on the OpenAI board. I imagine it being run like in the Silicon Valley HBO show.
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The board forgot the #1 rule of Silicon Valley - bilk as much money as you can out of investors... and then get the hell out.
 
I'm sure there are a lot of happy people at Microsoft today.
I guess that's one way to acquire a company without actually acquiring the company.
 
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