The GFC was not when things started to go wrong; it was simply the beginning of Britain having to face up to its economic model being a mirage.
Income growth began to stall by 2005, but people ignored it because credit was plentiful and there were still enough national assets to sell off.
The mirage of strong nominal growth, driven by a massive financial sector and robust property values, led our leaders to double down on deindustrialisation.
The Pound was strong and the public finances seemed healthy, so why focus on domestic industry when you can sell off the scraps and buy cheap shit from abroad?
$TSLA
going to FSD from NJ to Boston today
first ever 5 hour trip with self driving 🥶
will let everyone know how it goes but not having to actually drive for 5 hours would be absolutely WILD
im guessing 3-5 interventions max
running on HW4 and latest FSD v13
I JUST REALIZED FOR THE NEXT 90
DAYS AT LEAST CHINESE GOODS WILL HAVE TO PAY A LOWER TARRIF THAN EUROPEAN ONES ???
CHINA IS AT 30% FOR 90 DAYS
EUROPE WILL BE AT 50% FROM JUNE 1
I have come to the perhaps obvious conclusion that accelerating GDP growth is essential.
@DOGE has and will do great work to postpone the day of bankruptcy of America, but the profligacy of government means that only radical improvements in productivity can save our country.
I've been diving deep into the electricity sector recently. It is abundantly clear to me that we are facing unprecedented load (demand) growth, but our existing systems are failing to keep pace. This quote from the latest @DER_Task_Force pod sums up the situation perfectly.
"I went out to this guy Richard Meyer who is the head of policy for the American Gas Association and said, 'In a best case scenario, how many gas turbines do you think you can deploy in the US in the next five years?' and his optimistic answer was 50 GW. Basically every forecast you see is that we need at least another 150-200 GW of new capacity on the grid over the next five years. So what people fundamentally misunderstand about this moment is that this regime was built in a market with no load growth. We are currently experiencing more load growth in the United States than we have at any point since everyone came back from the war in 1945. So this is a load growth environment that no one who works in the energy industry has ever seen in their career. At the exact same time that is happening, the top-down model is failing. So there is zero chance you'll be able to some of the things that the Biden Administration was trying to do in terms of restarting nuclear plants, and building new SMRs and building inter-regional transmission and all this kind of stuff. The Federal Government right now is not set up to do that. And so the thing we all agree on is that there's going to be 150 GW of load growth over the next five years. The thing we can no longer do is serve that top-down. Maybe we can do 50 GW top-down... but the reality is that we're short 100 GW of capacity over the next five years. And so if you're not going to serve that top-down, you have to serve it bottom-up. And so this is the best market possible for Distributed Energy Resources."
Rapper 2chainz on his @Tesla Cybertruck: “It’s one of the most comfortable, convenient and easy to drive vehicles that I have. That’s why a bunch of these cars been in the garage and the truck been out there. I don’t have to go to no gas stations; The truck is bullet proof.”
hiring 1-2 interns in person in sf this summer. cheryl saved a spot just for u :)
this won't be your typical internship experience. you will:
- live and work in person with us in our hacker house
- get more done in a week than a year in a big tech company
- experience a product-obsessed early stage startup culture firsthand
particularly looking for the following two roles:
- design engineering intern: insanely high product standards, strong portfolio, just gets what users want, experience with design and also frontend engineering
- growth engineering intern: proactive, attention to detail, good community builder, will do whatever it takes attitude, strong technical background
you can also just make up a role if it is compelling enough. both roles will work directly with me on critical projects that we have coming up.
how much experience you have doesn't matter. your past work should speak for itself.
application link below or feel free to dm me