Bloomberg for President

ecdanc said:

mrussel1 said:

ecdanc said:

mrussel1 said:

ecdanc said:

mrussel1 said:

Spiritual_Chaos said:

mrussel1 said:

ecdanc said:

mrussel1 said:

ecdanc said:

mrussel1 said:

ecdanc said:

mrussel1 said:

Jearlpam0925 said:

And she's always on point:

https://twitter.com/ewarren/status/1228176048187031552?s=19

Should've been put in charge of the agency she created.

The CFPB is great in theory, awful in practice.  The boots on the ground have zero experience in regulatory practices and have little to no understanding of the industries in which they are attempting to regulate.  They are kids who spend a few years there, file a bunch of lawsuits or consent orders, and attempt to rule making through the consents because they're ineffective through the any formal regulation or even victorious suits.  

Probably because what they're trying to address is a feature, not a bug. 

Or because they hire kids straight out of law school, some who just passed the bar, have no relevant experience, and pay them six figures.  

You're merely describing aspects of the feature. 

Oh right, you have your own legal system.  It starts with one party and ends with the gulag.  

How's your legal system working?

Better than the Soviet Union and China.  Fascinating to see doctors hauled away for re-education in China for initially exposing the spread of the virus.  But I'm sure they had right to counsel, speedy trial, Miranda, sixth amendment, etc.  There's still time for you to pick up your family and move to the workers' utopia!  

Well you better start believing in China stories, because they are buying you up and your companies are bowing to them. So why does anyone wanting that "workers' utopia" need to move? They just need to sit back and keep watching Disney movies.

I agree with this.  It angers me when I see Google, the NBA and other US organizations bowing to the Chinese government in order to access their market.  Don't get me amped up on how terribly the NBA misplayed the whole situation last fall.  It's infuriating.  

Capitalism requires new markets. You can't be that angry that your preferred system is working, eh?

Laissez-faire capitalism is not what I support.  I think we've been through this maybe 20x now.  

I didn't say "laissez-faire." 

A laissez-faire capitalist or possibly objectivist would support ignoring the political and cultural system in China.  I believe in reasonable regulations, oversight and taking into account political environments before entering certain markets.  

Where you gonna find the necessary new markets, chap?

ecdanc said:

mrussel1 said:

ecdanc said:

mrussel1 said:

ecdanc said:

mrussel1 said:

ecdanc said:

mrussel1 said:

Spiritual_Chaos said:

mrussel1 said:

ecdanc said:

mrussel1 said:

ecdanc said:

mrussel1 said:

ecdanc said:

mrussel1 said:

Jearlpam0925 said:

And she's always on point:

https://twitter.com/ewarren/status/1228176048187031552?s=19

Should've been put in charge of the agency she created.

The CFPB is great in theory, awful in practice.  The boots on the ground have zero experience in regulatory practices and have little to no understanding of the industries in which they are attempting to regulate.  They are kids who spend a few years there, file a bunch of lawsuits or consent orders, and attempt to rule making through the consents because they're ineffective through the any formal regulation or even victorious suits.  

Probably because what they're trying to address is a feature, not a bug. 

Or because they hire kids straight out of law school, some who just passed the bar, have no relevant experience, and pay them six figures.  

You're merely describing aspects of the feature. 

Oh right, you have your own legal system.  It starts with one party and ends with the gulag.  

How's your legal system working?

Better than the Soviet Union and China.  Fascinating to see doctors hauled away for re-education in China for initially exposing the spread of the virus.  But I'm sure they had right to counsel, speedy trial, Miranda, sixth amendment, etc.  There's still time for you to pick up your family and move to the workers' utopia!  

Well you better start believing in China stories, because they are buying you up and your companies are bowing to them. So why does anyone wanting that "workers' utopia" need to move? They just need to sit back and keep watching Disney movies.

I agree with this.  It angers me when I see Google, the NBA and other US organizations bowing to the Chinese government in order to access their market.  Don't get me amped up on how terribly the NBA misplayed the whole situation last fall.  It's infuriating.  

Capitalism requires new markets. You can't be that angry that your preferred system is working, eh?

Laissez-faire capitalism is not what I support.  I think we've been through this maybe 20x now.  

I didn't say "laissez-faire." 

A laissez-faire capitalist or possibly objectivist would support ignoring the political and cultural system in China.  I believe in reasonable regulations, oversight and taking into account political environments before entering certain markets.  

Where you gonna find the necessary new markets, chap?

There are plenty of underdeveloped markets, bloke.  Second, every generation born offers a new market and new product development. 

I'm not in finance--could you define "underdeveloped" in this context? 

ecdanc said:

mrussel1 said:

ecdanc said:

mrussel1 said:

ecdanc said:

mrussel1 said:

ecdanc said:

mrussel1 said:

ecdanc said:

mrussel1 said:

Spiritual_Chaos said:

mrussel1 said:

ecdanc said:

mrussel1 said:

ecdanc said:

mrussel1 said:

ecdanc said:

mrussel1 said:

Jearlpam0925 said:

And she's always on point:

https://twitter.com/ewarren/status/1228176048187031552?s=19

Should've been put in charge of the agency she created.

The CFPB is great in theory, awful in practice.  The boots on the ground have zero experience in regulatory practices and have little to no understanding of the industries in which they are attempting to regulate.  They are kids who spend a few years there, file a bunch of lawsuits or consent orders, and attempt to rule making through the consents because they're ineffective through the any formal regulation or even victorious suits.  

Probably because what they're trying to address is a feature, not a bug. 

Or because they hire kids straight out of law school, some who just passed the bar, have no relevant experience, and pay them six figures.  

You're merely describing aspects of the feature. 

Oh right, you have your own legal system.  It starts with one party and ends with the gulag.  

How's your legal system working?

Better than the Soviet Union and China.  Fascinating to see doctors hauled away for re-education in China for initially exposing the spread of the virus.  But I'm sure they had right to counsel, speedy trial, Miranda, sixth amendment, etc.  There's still time for you to pick up your family and move to the workers' utopia!  

Well you better start believing in China stories, because they are buying you up and your companies are bowing to them. So why does anyone wanting that "workers' utopia" need to move? They just need to sit back and keep watching Disney movies.

I agree with this.  It angers me when I see Google, the NBA and other US organizations bowing to the Chinese government in order to access their market.  Don't get me amped up on how terribly the NBA misplayed the whole situation last fall.  It's infuriating.  

Capitalism requires new markets. You can't be that angry that your preferred system is working, eh?

Laissez-faire capitalism is not what I support.  I think we've been through this maybe 20x now.  

I didn't say "laissez-faire." 

A laissez-faire capitalist or possibly objectivist would support ignoring the political and cultural system in China.  I believe in reasonable regulations, oversight and taking into account political environments before entering certain markets.  

Where you gonna find the necessary new markets, chap?

There are plenty of underdeveloped markets, bloke.  Second, every generation born offers a new market and new product development. 

I'm not in finance--could you define "underdeveloped" in this context? 

Well that all depends on what your product is.  An underdeveloped market in the US is different than China, which is different than Vietnam, which is different in Africa.  For example, the renter/real estate market in the US is highly fragmented and underdeveloped from a modeling and analytics perspective, for the work I do.  But this product that I'm working on would have no applicability in China for 25 years, Africa for maybe 40 or 50, who knows.  

So something along the lines of "untapped, but ready for?"

ecdanc said:

mrussel1 said:

ecdanc said:

mrussel1 said:

ecdanc said:

mrussel1 said:

ecdanc said:

mrussel1 said:

ecdanc said:

mrussel1 said:

ecdanc said:

mrussel1 said:

Spiritual_Chaos said:

mrussel1 said:

ecdanc said:

mrussel1 said:

ecdanc said:

mrussel1 said:

ecdanc said:

mrussel1 said:

Jearlpam0925 said:

And she's always on point:

https://twitter.com/ewarren/status/1228176048187031552?s=19

Should've been put in charge of the agency she created.

The CFPB is great in theory, awful in practice.  The boots on the ground have zero experience in regulatory practices and have little to no understanding of the industries in which they are attempting to regulate.  They are kids who spend a few years there, file a bunch of lawsuits or consent orders, and attempt to rule making through the consents because they're ineffective through the any formal regulation or even victorious suits.  

Probably because what they're trying to address is a feature, not a bug. 

Or because they hire kids straight out of law school, some who just passed the bar, have no relevant experience, and pay them six figures.  

You're merely describing aspects of the feature. 

Oh right, you have your own legal system.  It starts with one party and ends with the gulag.  

How's your legal system working?

Better than the Soviet Union and China.  Fascinating to see doctors hauled away for re-education in China for initially exposing the spread of the virus.  But I'm sure they had right to counsel, speedy trial, Miranda, sixth amendment, etc.  There's still time for you to pick up your family and move to the workers' utopia!  

Well you better start believing in China stories, because they are buying you up and your companies are bowing to them. So why does anyone wanting that "workers' utopia" need to move? They just need to sit back and keep watching Disney movies.

I agree with this.  It angers me when I see Google, the NBA and other US organizations bowing to the Chinese government in order to access their market.  Don't get me amped up on how terribly the NBA misplayed the whole situation last fall.  It's infuriating.  

Capitalism requires new markets. You can't be that angry that your preferred system is working, eh?

Laissez-faire capitalism is not what I support.  I think we've been through this maybe 20x now.  

I didn't say "laissez-faire." 

A laissez-faire capitalist or possibly objectivist would support ignoring the political and cultural system in China.  I believe in reasonable regulations, oversight and taking into account political environments before entering certain markets.  

Where you gonna find the necessary new markets, chap?

There are plenty of underdeveloped markets, bloke.  Second, every generation born offers a new market and new product development. 

I'm not in finance--could you define "underdeveloped" in this context? 

Well that all depends on what your product is.  An underdeveloped market in the US is different than China, which is different than Vietnam, which is different in Africa.  For example, the renter/real estate market in the US is highly fragmented and underdeveloped from a modeling and analytics perspective, for the work I do.  But this product that I'm working on would have no applicability in China for 25 years, Africa for maybe 40 or 50, who knows.  

So something along the lines of "untapped, but ready for?"

That all depends on how precise you want to be with language.  Underdeveloped essentially means immature for the specific product or offering.  

Ok, that helps me understand your point. Thank you. So your contention is that for capitalism (writ large--not individual products/markets) there are sufficient underdeveloped markets to sustain it without tapping the Chinese market?

ecdanc said:

mrussel1 said:

ecdanc said:

mrussel1 said:

ecdanc said:

mrussel1 said:

ecdanc said:

mrussel1 said:

ecdanc said:

mrussel1 said:

ecdanc said:

mrussel1 said:

ecdanc said:

mrussel1 said:

Spiritual_Chaos said:

mrussel1 said:

ecdanc said:

mrussel1 said:

ecdanc said:

mrussel1 said:

ecdanc said:

mrussel1 said:

Jearlpam0925 said:

And she's always on point:

https://twitter.com/ewarren/status/1228176048187031552?s=19

Should've been put in charge of the agency she created.

The CFPB is great in theory, awful in practice.  The boots on the ground have zero experience in regulatory practices and have little to no understanding of the industries in which they are attempting to regulate.  They are kids who spend a few years there, file a bunch of lawsuits or consent orders, and attempt to rule making through the consents because they're ineffective through the any formal regulation or even victorious suits.  

Probably because what they're trying to address is a feature, not a bug. 

Or because they hire kids straight out of law school, some who just passed the bar, have no relevant experience, and pay them six figures.  

You're merely describing aspects of the feature. 

Oh right, you have your own legal system.  It starts with one party and ends with the gulag.  

How's your legal system working?

Better than the Soviet Union and China.  Fascinating to see doctors hauled away for re-education in China for initially exposing the spread of the virus.  But I'm sure they had right to counsel, speedy trial, Miranda, sixth amendment, etc.  There's still time for you to pick up your family and move to the workers' utopia!  

Well you better start believing in China stories, because they are buying you up and your companies are bowing to them. So why does anyone wanting that "workers' utopia" need to move? They just need to sit back and keep watching Disney movies.

I agree with this.  It angers me when I see Google, the NBA and other US organizations bowing to the Chinese government in order to access their market.  Don't get me amped up on how terribly the NBA misplayed the whole situation last fall.  It's infuriating.  

Capitalism requires new markets. You can't be that angry that your preferred system is working, eh?

Laissez-faire capitalism is not what I support.  I think we've been through this maybe 20x now.  

I didn't say "laissez-faire." 

A laissez-faire capitalist or possibly objectivist would support ignoring the political and cultural system in China.  I believe in reasonable regulations, oversight and taking into account political environments before entering certain markets.  

Where you gonna find the necessary new markets, chap?

There are plenty of underdeveloped markets, bloke.  Second, every generation born offers a new market and new product development. 

I'm not in finance--could you define "underdeveloped" in this context? 

Well that all depends on what your product is.  An underdeveloped market in the US is different than China, which is different than Vietnam, which is different in Africa.  For example, the renter/real estate market in the US is highly fragmented and underdeveloped from a modeling and analytics perspective, for the work I do.  But this product that I'm working on would have no applicability in China for 25 years, Africa for maybe 40 or 50, who knows.  

So something along the lines of "untapped, but ready for?"

That all depends on how precise you want to be with language.  Underdeveloped essentially means immature for the specific product or offering.  

Ok, that helps me understand your point. Thank you. So your contention is that for capitalism (writ large--not individual products/markets) there are sufficient underdeveloped markets to sustain it without tapping the Chinese market?

Well you're getting into acceptable rates of return for equity investments there.  So for someone or some company that lives off of a growing return and that return must be X NPV or IRR (net present value/internal rate of return), they would probably argue that at some point for them to sustain their acceptable growth targets, they need China.  But those are PE or VC type companies or investment banks.  That's just one small form of capitalism.  So to answer your question directly, no our mixed economy system does not need China to sustain.  

Capitalism, by definition, cannot merely sustain, so I should have used a different word 

tempo_n_groove said:

I love Bloomberg.  Always have.

benjs said:

Spiritual_Chaos said:

tempo_n_groove said:

I love Bloomberg.  Always have.

What is there to love... the racism? The sexism? Bribing his way through life?

Exactly. I've also heard he hates Jews, honesty, and the Swedes, and that's why he has my vote. (I seriously hope I don't have to say it, but just to be sure - this comment is purely a joke)