The trinity: enshitification, tip inflation, and shrinkflation

Since around 2020, and getting worse with each passing year, has seen the so-called trinity of enshitification, tip-flation, and shrinkflation, that working in unison has gradually and insidiously eroded our purchasing power, our sanity, and the quality and quantity of goods we consume. It’s bad enough having 7% annual ‘official’ CPI inflation, but including other,… Continue reading The trinity: enshitification, tip inflation, and shrinkflation

High vs. low cost of living calculations (why things are not as bad as they seem)

High vs. low cost of living calculations fail to take into account the overlooked benefits of ‘high cost of living’ areas: 1. For a person living alone modestly, $200k even in the Bay Area is more than enough to put away a decent chunk of money for retirement. Just run the numbers, as I have… Continue reading High vs. low cost of living calculations (why things are not as bad as they seem)

The daily view 7/7/2023: Bitcoin Crash Soon, Battle of Billionaires, Affirmative Action

1. Bitcoin update: getting ready to drop. Last week I predicted Bitcoin would drop based on a pattern, which is still valid: The likely (as I predict) SEC rejection of the recent batch of Bitcoin spot price ETF applications will be the catalyst for a big decline, although it could fall for no particular reason… Continue reading The daily view 7/7/2023: Bitcoin Crash Soon, Battle of Billionaires, Affirmative Action

No de-dollarization

From Noah Smith Hey tech folks: The West is not failing. He’s right about all of these: The notion that there is a “global American empire”, and that this empire is “ending” The idea that the U.S. dollar is falling and will be replaced by either crypto or a BRICS currency The belief that the… Continue reading No de-dollarization

The daily view 6/30/2023: Bitcoin ETF rejection?, Apple $3 trillion, OpenAI sued

1. OpenAI sued A lawsuit claims OpenAI stole ‘massive amounts of personal data,’ including medical records and information about children, to train ChatGPT: The lawsuit alleges that OpenAI crawled the web to amass huge amounts of data, including vast quantities taken from social-media sites. OpenAI’s propertiatary AI corpus of personal data, WebText2, for example, scraped… Continue reading The daily view 6/30/2023: Bitcoin ETF rejection?, Apple $3 trillion, OpenAI sued