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Joined 1 year ago
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Cake day: June 5th, 2023

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  • Economists at JP Morgan, the largest US bank by assets, published a research paper on de-dollarization in 2023.

    In reference to the global economy as a whole, they concluded that, “while marginal de-dollarization is expected, rapid de-dollarization is not on the cards”.

    However, they argued that, “Instead, partial de-dollarization — in which the renminbi assumes some of the current functions of the dollar among non-aligned countries and China’s trading partners — is more plausible, especially against a backdrop of strategic competition”.

    The JP Morgan economists added, “This could over time give rise to regionalism, creating distinct economic and financial spheres of influence in which different currencies and markets assume central roles”.

    This seems inline with the Chinese leadership game of influence, as well as the clown show that the US has become. Even with the interest still there from the US standpoint two decades of GWT, the lack of prioritize spending on following our so called values, the very high debt to GDP ratio we are running, the lack of real legislative ability, plus other challenges, all make the fundamentals seem less fundamental. Although China very much has it’s own issues such as an excess of manufacturing, a housing bubble, and a very steep demographic bubble. So their fundamentals are seemingly similar in question, but they have a marked ability to pivot quickly and do seem to be using their status as the 2nd largest economic to garner the same level of influence.

    Whether either has staying power of economics and global influence for the next 50 years is a very interesting question.

    I certainly don’t count the US out yet, but even if the election settles things down, there is some real work to do which has little to do with the current hotly discussed policy topics. I’d be curious about your opinions?




  • A brief technical summary from iMAP reveals what happens when users attempt to access sites using Cloudflare and Google DNS.

    • On Maxis, DNS queries to Google Public DNS (8.8.8.8) servers are being automatically redirected to Maxis ISP DNS Servers;

    **

    • On Time, DNS queries to both Google Public DNS (8.8.8.8) and Cloudflare Public DNS (1.1.1.1) are being automatically redirected to Time ISP DNS servers.

    “Instead of the intended Google and Cloudflare servers, users are being served results from ISP DNS servers. In addition to MCMC blocked websites, other addresses returned from ISP DNS servers can also differ from those returned by Google and Cloudflare,” iMAP warns.

    "Users that are affected, can configure their browser settings to enable DNS over HTTPS to secure their DNS lookups by using direct encrypted connection to private or public trusted DNS servers. This will also bypass transparent DNS proxy interference and provide warning of interference,” iMAP concludes.

    Essentially Malaysia law required ISP to drop DNS entries for some sites, local users started using public DNS. ISP started redirecting public DNS requests, and local users started using DNS over HTTPS.

    The pirate wars continue in their arms races.






  • Trying to find independent analysis that I read, but can’t find it. This will likely have the most impact on swing voters in the 7 states, which are the most important voters in the US. Everyone else is much more likely to have already made their mind up. And remember about 50-66% of the registered voters in the US actually vote even in a presidential year, although the electoral college complicates the proportional representation of those voters.

    From Washington post article

    With 158 days until Election Day, he is fighting for a plurality of 30 million voters in seven battleground states — a far cry from the tens of thousands of Iowa party activists he courted a year ago. His advisers have long feared that a felony conviction could hurt Trump with independent voters, particularly skeptical suburban women. In places such as the Atlanta suburbs, those voters cost him the 2020 election.



  • While I agree with the sentiment, I have accepted that the simple way to make “things” work now is to leverage the cheap computing that is ubiquitous. That headunit is likely now built on a SoC or some embedded OS and is easier and cheaper because of it.

    Functionally we need regulations and safeguards in place that maintain the accountability for making the choice to use and build an OS as a life safety device that also serves Bluetooth audio. If the cost of supporting it, or failing to properly develop it, then perhaps the choice to make it dumb will become more adopted. Other economic forces are more likely to play out, but it’s a possibility that we can reinforce by what we buy and signal.