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SPX performance since 2024, with all the AI hype, was 32%. Gold was 155% in the same period.

Even if you ignore this disastrous quarter, SPX is up mostly in nominal terms only.


The Gulf countries are dumping their gold reserves and buying dollars, that put a momentary halt on what was a steady declining trajectory for the USD. But since this blip isn't caused by structural reasons (nothing changed in the US economy), it will only last as long as these countries have gold to sell.

Second? When was the first?

Is this an instance of weaponization of the LEO? No statement from SpaceX?


> When was the first?

17 December 2025, per the thread.


These Soviet lenses are copies and adaptations of classic optical formulas at the time, e.g. the Helios 44 is a Carl Zeiss' Biotar. But while Zeiss produced in limited numbers, these Soviet versions are abundant in the used market and therefore very cheap.

Due to this, these lenses developed a cult following, and even more now that some prominent cinematographers used in some high caliber productions (The Batman (2022), Dune (2021)).


This is more evident in games/simulations but the same problem arises more or less in any software: batch jobs and DAGs, distributed systems and transactions, etc.

This what Rich Hickey (Clojure author) has termed “place oriented programming”, when the focus is mutating memory addresses and having to synchronize everything, but failing to model time as a first class concept.

I’m not aware of any general purpose programming language that successfully models time explicitly, Verilog might be the closest to that.


> I’m not aware of any general purpose programming language that successfully models time explicitly

Step 1, solve "time" for general computing.

The difficulty here is that our periods are local out of both necessity and desire; we don't fail to model time as a first class concept, we bring time-as-first-class with us and then attempt to merge our perspectives with varying degrees of success.

We're trying to rectify the observations of Zeno, a professional turtle hunter, and a track coach with a stopwatch when each one has their own functional definition of time driven by intent.


VisiCalc has, undoubtedly, the highest impact-to-complexity ratio in the history of software so far.


That projection won't last in a world where Brent Oil @ $100. That was only true while the petrodollars kept flowing.


It's also not representative for the whole industry. BMW is profitable with their electric cars, and 18% of their sales are fully electric.


Japan is just being the usual USA vassal. Since now China absolutely dominates EV and batteries, they rather align themselves with the oil-thirsty war monger.


You would lose this bet.


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