Here is a great documentary on Quants. Those genius mathematicians that come up with financial products to be sold to investors. Some of the formulas they come up with are so complicated that the people that sell them don’t understand them.
The investors do not understand the consequences of these financial products as well. Well, heck even the Quants do not know the true extent of the consequences if these products react to unforeseen circumstances. Some of these products were responsible for causing the 2008 crash due to complicated credit default swaps and mortgage backed securities.
After watching this video called the “Thrive Movement”, I wasn’t so much surprised. Much of what is in this documentary I realized years ago. Over 5 years ago, I knew that the world doesn’t operate like what governments and media tells you and I was also trying to find out why it was getting harder to get by, even with a decent paying career income?
The earnings for tech have beaten lowered expectations. Let me repeat LOWERED expectations.
Of course when the expectations have been lowered , earnings is easier to beat. So you see Wall Street analyst lowered it, therefore this is really manipulated to give perception of a better economy.
Tech sector is reporting lower and lower year to year decline. Wall Street and mainstream media are promoting Apple’s earnings so to mask what is really going on in the growth of the tech sector and the economy.
Although I have a Quad Core Mac OS X Desktop computer to do most of my multi-media task like video editing and music production, I don’t particularly think that Apple /Macs / products are for everyone. First of all Apple products are very expensive for what you get. Basically from a hardware perspective you usually get a lot less powerful hardware than your Windows PC / laptop counter part.
Small investors can play in the market, but they need to concentrate on longer, weekly chart trends. In the short-term minutes, hourly trading the small guys can get crushed by Program Trading/HFT (High Frequency Trading).
ZeroHegde has an article about “Job Creators, Internet Architects and Security Experts Hate SOPA”, have a read if you value “Freedom of Speech” on the internet. If S.O.P.A goes through you will see thousands upon thousands of websites shutdown, if the U.S government thinks it is violating copyright or against propaganda.
Finally after pressure from the Canadian Radio-television and Telecommunications Commission (CRTC) Bell is going to stop traffic shaping / throttling of internet traffic of their Internet customers. They were targeting specifically peer-to-peer users like BitTorrent and other P2P services. This is a good move for Bell and I think they will gain lots of customer from Rogers Internet.
Back in March of this year, when the specifications for the RIM Playbook came out I knew that this product / tablet from RIM would not take off. The price was too high for the specs and you can only do limited things with the RIM Playbook tablet.
Other tablets at that time could do much more, had more apps and for much less money, RIM had a really big flaw in their strategy. They for some weird egotistical way, RIM thought they could take on the Apple iPad…talk about illusions of grandeur.
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