Comments by "Michael Nurse" (@michaelnurse9089) on "Eurodollar University" channel.

  1. Chevron - China, the largest car market, sold roughly 30% EV in 2024, 50% 2024 so expecting 70% this year. Sure sales are not equal to the fleet on the road but still - a major shift is happening there.
    24
  2.  @issaqua  Laws require a demonstrable loss before it can be considered fraud. That said, it would help everyone if they stared handing out 1 year sentences to HR people engaged in this practice. Don't hold your breath.
    15
  3. Yip. Job search videos are posting this message over and over again. AI destroyed job boards for both seekers and hirers.
    11
  4. Uber, Lyft and Doordash are 'on notice' - in the next 2 years they will start to disappear as options thanks to automation like Tesla's Robotaxi. There is a LOT of money around in the US but it relates to passive asset owners and not to traditional businesses - try to follow the money in finding something to do. In the US you can also move from struggling areas to areas doing well to find jobs - sleep in your car if you have to.
    7
  5.  @erinsweet8147  They make the mistake thinking an engineer from India is worth the same as an engineer from the US - they both learned from the same textbook after all. They ignore the fact that white ancestry Americans have proven again and again over centuries to be the best innovators and arbitragers.
    5
  6. Once the rot really steps in - you will see house price deflation. Ask Japan - 25 years in a row.
    4
  7. AI has also changed the data - companies and employees have realised they can better game the system by using fake posting and applications. I doubt the data collectors take this into account.
    4
  8. I have a little change. About 47 cents.
    3
  9. And yet you give up your valuable time to write out long comments.
    3
  10. Problem is nobody knows which way we are going.
    3
  11. You missed the big picture - China is the largest market and GM, VW used to get most of their sales and the vast majority of their profits there. China rolled up its sleeves and built much better cars - EVs in particular now 50% of sales. China sales there are busy collapsing to zero.
    3
  12. I am optimistic because I switched my efforts from selling labour to managing (a very small amount) of capital. Labour is a mug's game and is going to get much, much worse in the next 5 years as AI job agents and capable humanoid robots roll out to workplaces.
    3
  13. In my country that would make you middle class. Here, similar low level jobs pay about $1.50/h (in local currency equivalents).
    2
  14. Yes. Initially it boosts profits but after 10 years the offshore region controls the pricing power. VW made the gamble they would make 90% of their parts in China and then sell to China. But the Chinese learned well and made better cars cheaper. Now VW still makes 90% of their parts in China but sells 0 vehicles to the Chinese. VW checkmated themselves for some good corporate bonuses 10-15 years back.
    2
  15. What percentage of DAX is invested outside of Germany? 82%
    2
  16. Germany never had a green economy. They had a Russian oil/coal economy.
    2
  17. Yes. But not getting the best deal is also a problem. Sometimes it is worth it to accept turbulence in exchange for a better deal.
    2
  18. Not actually. I watch a lot of videos about squiggly lines NOT moving - those are the boring ones.
    2
  19. It would have, if you had built high-tech factories instead of banks. The US did great off immigration. Tesla, SpaceX, Mag7. You built banks and then 'brexited' so nobody wanted to use your banks anymore. Own goal.
    2
  20. Maybe Greece will soon need to lend to Germany.
    2
  21. If inflation is coming, sure, but it seems more likely we get a deflationary recession - in which case Gold is not the answer.
    2
  22. Tesla is #1 in repair costs, and its not close, literally nothing ever breaks. The CEO can even fix your government in his spare time.
    2
  23. Tariffs transfer wealth from asset owners to workers. That is why AAII fear level is the highest since mid 2008 and mid 2022. 60+%.
    2
  24. US - Tech is doing well. Banks are doing well. Property is doing well. That is half the US economy right there. World - China is doing poorly. India is doing well. That is half the World economy in PPP right there.
    2
  25. Nothing makes a voter base learn faster than some pain.
    2
  26. The recession indicators all seem to be related to the salary earning class. The asset owning class are living the life of Riley.
    1
  27. Iran is the mostly Godly nation on the planet. They are all starving to death.
    1
  28. In that same line of thought - China is fine. The UK is fine. France is fine. Italy is fine. Hell, even Russia might be fine.
    1
  29. Sure. We can just borrow and print our way to prosperity.
    1
  30. My take: Robots will take 7 years to get to hospitality - they will be supply contrained for a decade or two going to the most lucrative industry first. If seven years is suitable you can still work there. Immigrants do not do well in people facing positions.
    1
  31. Once you stop trading they will just incorporate you as part of Alaska or Greenland.
    1
  32. It should be noted that China, the 2nd largest consumer of oil went to 50%+ sales of EVs in 2024 and this could go as high as 75% this year.
    1
  33. Total economy = government's share of the economy + private economy
    1
  34. Elon and Trump are trying to stop this before it happens.
    1
  35. Dax is 18% German.
    1
  36. Recessions are better than inflation - so expection the former
    1
  37. Tesla employees with stock option are all multi's.
    1
  38. China is too big too fail.
    1
  39. Every Legacy auto countries is in for a tough time. Germany, Japan, US, South Korea. Chinese cars have them beaten outside of their home country (which they can still protect with tariffs). They days of prosperity from exporting cars is over. Tesla excluded from this trend, obviously.
    1
  40. We already knew this as credit card debt dropped - Americans used their Christmas bonuses to pay down debt rather than buy things they don't need.
    1
  41. " career websites and the company websites" This could be the problem. Mostly fake jobs to 'gather data'. Reach out to people you have worked with before and ask them to keep a look out for you including positions adjacent to QA.
    1
  42. Everyone might drive in Cybercabs 5 years from now - and the 10x saving on transport might trigger deflation - the good kind.
    1
  43. March Meltdown Madness! I am counting on this.
    1
  44. AI Large Language Models make it easier for companies to cut jobs but still have good profits.
    1
  45. Did not remember how to stop get smaller or staying the same size. Thank me later.
    1
  46. The US may still achieve a soft landing. It hangs in the balance.
    1
  47. Fix the real economy. Tariffs, deregulation, smaller government, automation, innovation. Same as always.
    1
  48. It was caused by a massive blunder. Germany made two decisions 1) We can get all our energy from Russia 2) We can get rich selling cars to China. But Russia was a bar brawler and China was a technology thief. Now they are paying to fight Russia and their cars are 90% Chinese parts. FAFO.
    1
  49. Mercedes gambled everything on being able to sell overpriced cars to China. It worked for a couple years but China kept improving its own vehicles and now the Chinese don't want a Mercedes anymore. Xiaomi SU7 is selling like hotcakes (hint - its a Porchse 911 for $20k).
    1
  50. The US depends on revenue from outside the US. Apple, Microsoft, Amazon, Google, Meta, Tesla, NVDA - 50% of revenues are from outside the US.
    1