Tuesday, June 15, 2021

If no one reports it - did it happen?

A couple of weeks ago when Katerra announced they were going bankrupt it piqued my interest. I've been kinda background watching them every since. Construction costs are very high in California. They claimed they could build components off site for cheaper.

A couple of years ago I watched a project go up this way. It seemed to take forever. It was a mini project of four houses, so you never know if the guy is running out of money, or if it's due to construction delay.

Anyway, when this company fell out I wasn't sure if it was the tip of the iceberg,  or they were just tards. And I think it was a bit of both. If I hit their Wiki page, my immediate reaction is - oh, that company was destined to fail. It's a Softbank backed company started by techies? I also have a general rule that if I hit a site, I should immediately know what your company does. It shouldn't take me three tabs to figure it out. And if all it talks about it optimizing synergies, my bullshit meter goes sky high.

Then I recently became aware of a project in my city that was halted because of this company. It's sitting idle right now.  It's a mid size project. It was then I started digging more. Because..... how many people did that company employ, and why is there no news about layoffs? It also makes me wonder, how many other project have been shut down with no news? 

Kattera allegedly employed 7500 people at one point. It seems like that would rate a news article.

Whenever I read a story on ZH and see him screaming about how inflation is here to stay, I like to go to the MLS and see what Mr. Real Estate has to say.

Yesterday when I looked, significant price cuts of 100k were coming in 4 days. When I looked this morning, price cuts were coming in two days. Nothing is sitting past 30 days so far.

There will be a point where price is no option doesn't work anymore and people will just sit things out. But that doesn't play into the hyper inflation narrative.

Lumber is down. Home prices are coming down. Food will stay high because everything they say about the drought is true. EVERYTHING. We've finally gotten to a point where restaurants know what they need to operate and their inflation will moderate.

Conversations with Mr S.

Me - How did this chick Marjorie Taylor Greene get elected? She says the craziest shit. If she is like our AOC, how is this chick getting elected?

Mr S. - I assume her constituents elected her. Then he pauses. Why are you so focused on the Republicans as a block? You never seem to complain about Paul Ryan or some of the others.

Me - Because I want to win! I want those other guys gone too. And I thought we would replace them with someone less horrible.

Mr S. - The Republican Party got tired of being held to a higher standard.

Me - Agree. So they decided to go the other way and dumb it down three notches? 

Mr S. - Apparently that is what gets elected.

Me - Yeah. I think this is a losing proposition. She doesn't advance out party in any way.

I mean, seriously people. What are you getting out of her? If this chick is the best our party can come up with - we are fucked. People are in such a mood to fight with each other, they don't even care the it hurts us as a block. You don't win elections this way.

Monday, June 14, 2021

Mainstream is finally picking this up.

Another shipping crisis looms on Covid fears in southern China. 

"The disruptions in Shenzhen and Guangzhou are absolutely massive. Alone, they would have an unprecedented supply chain impact,” said Brian Glick, founder and CEO at supply chain integration platform Chain.io." 

The article goes on to say: 

"Guangdong, a major shipping hub, accounts for about 24% of China’s total exports. It is also home to the Shenzhen port and the Guangzhou port — which are the third largest and the fifth largest in the world by container volume, according to the World Shipping Council.

The first local case of the Delta variant, first detected in India, was found in Guangzhou in May and has since spiked to over 100 cases. Authorities have imposed lockdowns and other measures that constrain the processing capacity at ports.

Saturday, June 12, 2021

His angles ~are~ on fleek.



My bank is a few blocks from "the plant, so I decided to swing by and see if what "they" were saying is true. When this lot came through my feed a couple of days ago I immediately reconised the location. It's right next to the dead Fry's Electronics in Fremont. For all I know he could be parking them inside. But, the lot in the picture above is honestly the fullest I've ever seen it.  I was at the freeway light and you could tell they had been there a while. They were all dirty. I didn't even go further to investigate because.... who cares. It is very odd that they are all the same color.

I did want to swing by the main plant and see if I was right that he was parking cars on the test track, or just making shit up. And he is. Or on a pullout right next to the test track. But he's being very crafty about hiding them. You litterally have two seconds of visiblitly. He has all these screen blocks up everywhere. I looped the plant like five times and gave up because I hardly care. Even the guy on twitter who flys a drone over the plant sometimes hasn't popped up recently. He's probably lost interest too because this whole thing is just a mockery.





Friday, June 11, 2021

They just delayed the inevitable.

 
I'd say this is a pretty shit performance given all the demand they pulled forward. And they have made the  prices so high, there is no demand left to pull forward.

I mean really - I'm surprised I haven't seen construction companies start going belly up due to the high price of lumber and everything else. Allegedly lumber can triple and people can still afford new houses said no one ever.


America is funny. Stock market at all all time high. Americans clueless that the worst is not behind us. I mean, China just shut down two cities. One of them is Guangzhou which is a port city and apparently the 3rd largest city in China. A couple of days ago they were saying this is as disruptive as the Suez canal incident. I think it handles like 24% of exports. And who knows how long they will keep it shut.

Clicks are the only thing that matters.

"The Hangover Arrives: Explosive Inflation Leads To Record Collapse In Home, Car Purchase Plans"

I just love that today Zero Hedge is screaming that inflation is NOT transitory, while giving us this headline which shows that is obviously is.

"policymakers will face the most challenging years since the Volcker/Reagan period in the 1980s."

I'm also getting pretty sick of these types of the phoney ass comments - when we weren't't fucking printing 6 trillion dollars in a year then! It took Obama his whole Presidency to print that much money! 

This is NOT like the 70's because that was native growth. Not money printing. They could stop all this shit in a minute and I'm getting super sick of people pretending that this economy is anything more than phoney.

Monday, June 07, 2021

I saw this lot come through my feed last night. I know exactly where the location is, as it's one of Elon's usual locations. And I didn't even care enoug to drive by it. I was by the plant last week and I thought I saw him parking cars on the test track. I didn't even care enough to take pictures.

I don't know why anyone cares at this point how many cars are building up. Elon doesn't make money on cars. He makes money on carbon credits. When other car companies want to edge him out they will. BY NOT SELLING HIM CARBON CREDITS. Until then - who gives a fuck?

Wednesday, June 02, 2021

Prices have officially peaked.


It's pretty rare that you get a house that has the entire history of the housing bubble number 1, and also reflects the new bubble. This 1200 square foot house went 100k over asking. Yes... you read that right. A 1200 square foot house going for a Miiiiiillion dollars. That's not even rare honestly.

I think this insanity is all over now because price reduction are coming in seven days. And they aren't walking things down a smidge. These are 50 grand clips.

Monday, May 31, 2021

Sunday, May 30, 2021

Saturday, May 29, 2021

Thursday, May 27, 2021

This borrowed delusion is coming to an end.

It is time to embrace the suck. Republicans need to not eff this up like they normally do.  It would be nice they they showed they are anything besides the anti mask party. That is NOT a political platform. 

Things are going to get interesting now because career politicians don't know how the world works. Trump printed a shit ton of money that has now almost worked it way through the system, and controlling this to the downside is going to be ..... interesting. Biden is not sharp, and Kamala is a vacuous woo girl.

Housing WILL be going into decline. Price cuts are already starting. I thought I would show you this 1200 square foot house in my city that sold for MORE than 150k over asking. When houses this size are going for a million bucks...... what do you think happens? 

All of those moronic posts about hyperinflation will soon disappear. Durable goods are already in decline. 

It is also my opinion that a lot of the people still out of work in California are commercial construction workers. And before people get all high and mighty about the last year - settle down because you are going to get a hard pass on forcing people back into offices and hours long commutes. 

Having said that - there are people on long leases that want people back in the office. It's going to take some time to rebalance these two needs. Consolidation WILL happen though. Anyone with an upcoming lease renewal is at risk.


Tuesday, May 25, 2021

Sunday, May 23, 2021

Goat therapy.


I'm going to be in my feels for a little while. I finally lost my Aunt. She was my last remaining blood relative. I'm an only child. My Aunt lost both of her children in tragic accidents. The older one in a car accident, and the other to fire.  

It's sort of hard to admit to myself, and now the world that, I don't think my mother really loved me. She was not even 13 when she had me. But my Aunt loved me enough for both of them.

I guess I wasn't quite prepared to have no blood relatives at this age. Usually this happens to people much older than me. 

(I have turned comments off, because Im not sure I'm that really ready to talk about this)

Saturday, May 22, 2021

Friday, May 21, 2021

Who would have guessed that a pipeline was the thing to kill the crypto bubble. I think it was at that moment the government decided - ENOUGH. The hackers got 90 million in bitcoin. Right? 

There is no way the government was going to keep letting pipelines keep getting ransomwared.

Wednesday, May 19, 2021

Tell me how this works again?



See... my take away from this article is a bit different. It's just crazy how everyone just treats this as normal. It is not. It took YEARS for housing to go up that much during the housing bubble. I'm guesstimating about four. This is insanity on levels I don't understand.

And the frustrating thing is that the government printed so much money, which in turn caused this. Then, they of course are going to have to raise interest rates, and BOOM. 

Friday, May 14, 2021

 Maybe people do listen. My dogecoin buddy was asking about tax implications today.

Previews.

 
It's sort of Christmas in nearly summer at Che Snarkolepsy. 

Now comes the interesting dance of trying to get 3D content. Mr. S. still has his Hydrogen phone. But they never made it out of Gen 1. Now that it's a couple of years old it's pretty rough.

I have an old Google Tango phone, but very few of those ever got to the public and if I drop it I would be sad.

Do the iPhones take 3D pictures or video? Just curious.


Wednesday, May 12, 2021

Proof there is no hope for humanity.

What does it say about me that the biggest problem I have with this hacker group that took over a pipeline is that they didn't even spell the name creatively. I would have gone with darksied.

Tuesday, May 11, 2021

Monday, May 10, 2021

Full casino.

Last week a guy I know told me he turned 4 grand into 150 grand with Dogecoin. 

Of course I told him this was the most dangerous market I'd ever seen. I'm like - "it's based on nothing - right?"

He says - yeah. But money is money.

I tell him to keep his stops tight. But I know he doesn't have any stops. These people are just flat out gambling. Because if you had four grand to invest, why would you put it in Dogecoin rather than something that wouldn't vaporize tomorrow.

Things I wish old people knew.

Why is it when you do a good deed for someone - they always turn out to be an energy vampire? They will literally "one more thing" you to death. And you wish you'd never made the effort in the first place.

So, when you get old - don't make younger people regret entering your orbit. If they do something nice for you - don't make yourself like getting duct tape off in a wind storm. Be brief. It might make them want to do something nice again. 

Instead it turns into some hostage situation where you are trying to find any exit. AND you run the other way next time you see them.

That is all.

Friday, May 07, 2021

Remember when this used to matter?

 
This is what those idiots voted for. Never Trumpers are included in this BTW. 

It truly is odd that I don't hear one single complaint about gas prices right now. Everyone has unlimited money I guess. I imagine all those service workers are getting kicked in the nards.



Thursday, May 06, 2021

Unmarked.

 

It's been a while since I've seen a rig. It has at least two Velodyne pucks. No branding at all.


Wednesday, May 05, 2021

Nothing to see here.



Hurricane season should be fun.