tw0122
4月前
China will stay in a recession youth unemployment at 20%. Automation and AI have displaced millions of jobs in China factories. It’s a vicious cycle where AI killing factory jobs so they have to give out stimulus checks to the poor in China but it’s not sustainable long term. China announces one-off cash handouts for those in extreme poverty
China’s government will offer cash subsidies to help citizens in need. While the amount is unknown, the move has been largely welcomed by the public amid a struggling economy
Same happening in rest of world not just China..
Longshoremen’s Fight Against Automation Confronts an AI Future The strike of 50,000 is the latest effort to resist automation in defense of people’s jobs.
BY KIT EATON @KITEATON
SEP 30, 2024
A strike by dockworkers across the U.S. threatens to close ports on the East and Gulf coasts and seriously impact thousands, if not millions, of business supply chains, causing retailers to brace for potential shortages of some products and disappointed customers. This kind of disruption is the goal of strikes, of course, but the longshoremen’s major demand, beyond higher wages, is quite startling. As the New York Post put it, the workers’ union is demanding a “total ban on automation,” and is holding the industry hostage for what analysis firm J.P. Morgan estimates as a $5 billion a day impact to the economy.
https://www.inc.com/kit-eaton/longshoremens-fight-against-automation-confronts-an-ai-future/90982222
tw0122
4月前
China markets are closed all week October 1-7th. its a national holiday . Pump is being done by Fidelity Vanguard and BlackRock. It’s all in plain sight check their holdings in OCC..
OCC filings. All the money being sent to China through Singapore DBS Bank. All public disclosure in plain sight.
https://www.sec.gov/rules-regulations/self-regulatory-organization-rulemaking/occ
How it’s done? Singapore using Supranational financial powers where DBS Bank (which is funneling mechanism into China) is tied directly into Singapore money market fund which is part of a Vanguard, BlackRock and Fidelity money market liquidity funds.
Chinese stock market and the US stock market are virtually brother and sister. Vanguard, Fidelity and Blackrock use their money market funds to either pump or short markets by either providing liquidity or shorting it by restricting liquidity. Right now the big 3: Vanguard, Fidelity and BlackRock currently shifting some liquidity from US to Chinese stocks..
Fidelity, Vanguard and Blackrock have time over time purchased a 5% stake or higher in Chinese companies as reported on their respective 13 D, F or G filings.
How it’s done? Singapore using Supranational financial powers where DBS Bank (which is funneling mechanism into China) is tied directly into Singapore money market fund which is part of a Vanguard, BlackRock and Fidelity money market liquidity funds.
A supranational union is a type of international organization that is empowered to directly exercise some of the powers and functions otherwise reserved to states. A supranational organization involves a greater transfer of or limitation of state sovereignty than other kinds of international organizations.
Challenges and criticisms of supranational bonds include concerns over sovereignty, unequal distribution of benefits, potential for moral hazard, and transparency and accountability issues. Critics argue that supranational organizations may infringe upon the sovereignty of member countries, create imbalances in the distribution of benefits, encourage reckless financing behavior, and lack adequate transparency in their decision-making processes….hmmm sounds likened to the financial markets …lol
Primrose
4年前
When will Clubhouse be available for Android users?
https://www.financialexpress.com/industry/technology/when-will-clubhouse-be-available-for-android-users-app-cofounder-spills-details/2203551/
App cofounder spills details [Financial Express, Online | February 28, 2021 4:46 PM]
At CNBC/NYT interview: Bill Gates and Clubhouse cofounder Paul Davidson - Gates indicated he prefers Android over iPhones, Davidson responded that Clubhouse is working on an Android version and currently a top priority. When the android expansion does happen, it will at a global scale.
This is why I fear trading Agora stock short term and rather hold it continuously without selling for a long time. This kind of news can come out at any time and then there will be no turning back. The next big news that I will never be able to predict would be opening Clubhouse to one and all – when they are ready. They are wise treading the waters slowly and fixing issues as they grow, as experienced recently with some data breaches that they are identifying and fixing promptly with help from Stanford University’s Internet Observatory.
Primrose
4年前
I see two positives in today's action:
1. Achieved new all time high of 114.96 -- aaaaammmhhazzzzhing!
2. Tested support level of 100 and succeeded in remaining above that. Recently, on its way up, we saw that 100 was a major resistance level for Agora shares and challenged it a couple of times over the past 10 days or so, before smashing up through it. For a sustained rise, a stock is healthier if it tests a previous resistance level as a new support level and succeeds in remaining above it.
In summary, two positives today: tested 100 support level and succeeded, AND achieved new all time high of 114.96.
Primrose
4年前
Clubhouse & Agora: There's an interesting article in Yahoo Finance. .
It shows how Clubhouse's strategy of growing slowly to first fix major issues is working (they can plug a potential leak to Chinese Govt by hosting servers in the US instead of China). It also confirms that Agora powers Clubhouse, refuting any remaining birthers: Clubhouse was born from inside Agora's platform and not via Cesarian section from an unknown mother. They state that Clubhouse membership was 3.1 million on Feb 2nd. So the doubling I talked about earlier was probably from 1 million to 2 million in during a week in late January. Also, the 6 million membership that I read about somewhere else could have been after Zuck hosted on Clubhouse, which was after Feb 2nd. Cannot wait for Clubhouse to spread across android devices, and for them to go open access to the entire human race (excluding China of course, as they state in the article below).
Apparently, the Stanford Internet Observatory confirmed "Chinese tech firm Agora Inc supplied back-end infrastructure to Clubhouse". This meant that Agora could access raw audio data for Chinese government agencies or individuals via data relayed to servers hosted in China or by Chinese entities. They concluded that China could not access data if the audio was stored in the United States. Clubhouse wants to fix this before they move forward, and indicate that it will be fixed this coming week.
https://finance.yahoo.com/news/clubhouse-says-reviewing-data-protection-110047419.html
Primrose
4年前
I share a great article from Seeking Alpha from Feb 4, 2021.
Lots of information about the future of Agora, and how Clubhouse and Yalla are powering it now, but how this exposure will serve as free advertising for Agora, to make it the prime mover in the field of "anyone from anywhere on any app" real-time virtual engagement using PaaS (Platform-as-a-Service). Reading such material gives me the courage to hold on tight for a nice ride up. Actually, earnings on Feb 22, 2021 for Q4-2020 may be disappointing as the previous two quarters showed consecutive reductions in quarterly income compared to Q1 -- but that is because China controlled its Covid-19 situation before Q2 and so local demand fell (that's why API tanked to 32-33 after Q3 earning in November). But if we only look back we can turn into a pillar of salt. Mainly look forward and this looks like a stock that could give us the Midas Touch -- turning things into gold, not salt!
https://seekingalpha.com/article/4403413-agora-clubhouse-is-just-one-of-possibilities
Primrose
4年前
Unusual spike: +10 points 1st 15mins, >1MillionVolume:
Watched some great action today in the first fifteen minutes: With volume greater than 1 million, the stock went from 99 to near 109. Never seen this kind of action on this stock. This is a huge volume for first 15 minutes. Last Monday it gapped up larger from 56 to more than 70, but that was the first great morning spike and the volume was not this high. More and more people are catching on to this story. This is the next Twilio/Zoom kind of stock and hardly anyone realized for 8 months since IPO in June 2020. I'm holding on for a few years. According to the patterns, some big buyers will step in later this morning and create some more spikes. Higher highs, higher lows, has been the pattern for the past 3 to 4 weeks.
PLEASE POST DUE DILIGENCE RESEARCH. WE NEED TO GATHER AS MUCH FACTS ABOUT THIS STOCK AND ITS FUTURE.
Primrose
4年前
When Agora reached 99 during two peaks today (Friday Feb 5, 2021), for a new all-time-high, I thought there would be a retreat before the psychological resistance at 100 and that breaking it wouldn't happen until next week. Then, suddenly, after hours this evening it slams through the 100 ceiling and jumps 5 points to all-time-high of 104. There is no saying how fast and how high this is going to go, but it sure shows signs that all retreats are minor and short-lived.
Did anyone realize that Zuck joined Clubhouse Thursday night and gave a presentation? Mark Zuckerberg's Clubhouse premier last night could have been the catalyst for Agora's dramatic jump this morning. Gaining recognition is the fact that Twilio made it big by straddling the shoulders of stalwarts such as WhatsApp and Uber and, therefore, as Agora is the next Twilio, Agora's foot on the shoulder of Clubhouse gives it a future giant's shoulder to stand on and therefore this anticipatory giant leap in Agora's stock this week. Add to it that in February itself 250 million is being invested in Agora by private placement and that Agora is buying Easemob for cash (messaging interface). Everyone, including institutions, want to get in earlier rather than later. Each day lost is one day too late and several dollars in stock price too late. Clubhouse is predicted to become a social media monster in the likes of WhatsApp, SnapChat, & Twitter, and its going to carry agora along with it. In the mean time, several new clients will join Agora from the publicity its getting.
Here's the link to Zuck's involvement with Clubhouse:
https://apple.news/AiRcnZGDFQ_22LrtedBhtlw
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TrendTrade2016
3月前
