BRN Discussion Ongoing

[dippY22]

Good interview with Doubleline's Jeff Gundlach on CNBC and he said two things that caught my attention.

1). Interest rate increases may end in a couple of quarters. Then, if the data supports it, the Fed will cease raising and MAY start reducing them. Why? Because the USA will be in or will have just been in, a recession. As a result, the faltering economy will pressure rates down.
So I see light at the end of the interest rate increase tunnel. He guesses that perhaps one 50 basis point hike left followed by a 25 basis point hike. Then a pause or begin decreasing rates all the way backdown to the 2's again which he suggests may happen by this time next year.

2) Due to some stock market technicality today compared to yesterday's price action, next few days appear to be scary and we should expect to see some negative market days. One of the technicians here can probably put a name on the technical event. Has to do with day highs and lows compared to yesterday's high, low, and close.

Regards, dippY

My opinion only,...DYOR

 

[Izzzzzzzzzzy]

Good interview with Doubleline's Jeff Gundlach on CNBC and he said two things that caught my attention.

1). Interest rate increases may end in a couple of quarters. Then, if the data supports it, the Fed will cease raising and MAY start reducing them. Why? Because the USA will be in or will have just been in, a recession. As a result, the faltering economy will pressure rates down.
So I see light at the end of the interest rate increase tunnel. He guesses that perhaps one 50 basis point hike left followed by a 25 basis point hike. Then a pause or begin decreasing rates all the way backdown to the 2's again which he suggests may happen by this time next year.

2) Due to some stock market technicality today compared to yesterday's price action, next few days appear to be scary and we should expect to see some negative market days. One of the technicians here can probably put a name on the technical event. Has to do with day highs and lows compared to yesterday's high, low, and close.

Regards, dippY

My opinion only,...DYOR

An interesting figure is if that you look at the housing market “crashes” or declines they have never lasted more than 4 quarters. There’s a guy on YouTube called Pk Gupta that showed this fact. So if you are in the market then have a think about this

 

[Fact Finder]

In our country almost everything says China on it.

Even the floors?

 

[FrederikSchack]

The RTX 4090s are literally catching on fire, higher R&D budget my a$$, these GPUs literally cost more than some people’s rent in Sydney for the month

Crazy that it can happen, the connectors shouldn´t be able to deliver more amps than they can handle. Don´t overclock a 4090

 

[Dhm]

Silly question coming up
So MB are an NDA partner. That's not the question, but this is.... Did Akida get imbedded by the MB team or did we get there by a third party? I think it was a third party but the name escapes me presently.
Either way would we have received a licence fee as MB are so enamoured with us?

 

[VictorG]

I'm sure this has been posted before but just in case here it is again

Edge Impulse Releases Deployment Support for BrainChip Akida Neuromorphic IP

/PRNewswire/ -- Edge Impulse, the leading platform for enabling ML at the edge, and BrainChip, the leading provider of neuromorphic AI IP technology, announced...

www.prnewswire.com

 

[jk6199]

When you look at the way the ASX reacts to the USA farting and accidentally following through is annoying!

The funny thing is, people holding BRN get wound up about it before opening. I was looking through some charts (not my strength) and noticed, even when the Nasdaq was positive, we still had falls on many occasions for the share price? What mysterious dark force is behind all of this ?

Simple formula, and your decision only, the more that don't sell, simple supply and demand equation.

 

[Fact Finder]

An interesting figure is if that you look at the housing market “crashes” or declines they have never lasted more than 4 quarters. There’s a guy on YouTube called Pk Gupta that showed this fact. So if you are in the market then have a think about this

I think as a non economist and a technophobe that the fear of ‘Recession’ has been elevated to a level similar to the fear of witches in the Dark Ages. It has become ridiculous.

We have had in Australia in the past forty years a number of ‘technical recessions’ and ordinary Australians only knew because the Government told us after it had happened.

I am not saying a recession is a good thing but in the press it has been elevated to the level of a “Depression” which is just wrong.

“Depression” v “Recession” simple definition:

“An economic depression is a period of sustained, long-term downturn in economic activity in one or more economies. It is a more severe economic downturn than a recession, which is a slowdown in economic activity over the course of a normal business cycle.”

The Governor of the Australian Reserve Bank has stated more than once exactly what @dippY22 ‘s Mr. Gundlach has said - interest rates will start to be trend down next year.

Both the US and Australia have close to full employment so those in employment are likely to maintain that employment or find other employment until interest rates ease and probably if needed find a second or third job to carry them through.

When mortgage interest rates climbed to 17% here it was not easy but in our case I added working as a night stacker at Woolworths and Off siding on a Grace Bros furniture delivery truck to supplement my police wages to ride over the bump.

In a “Depression” there are no jobs and no solutions.

A long term retail investor has nothing to fear but overreacting to what is simply a slowdown in economic activity over the course of a normal business cycle.

My opinion only so DYOR
FF

AKIDA BALLISTA

 

[Izzzzzzzzzzy]

I think as a non economist and a technophobe that the fear of ‘Recession’ has been elevated to a level similar to the fear of witches in the Dark Ages. It has become ridiculous.

We have had in Australia in the past forty years a number of ‘technical recessions’ and ordinary Australians only knew because the Government told us after it had happened.

I am not saying a recession is a good thing but in the press it has been elevated to the level of a “Depression” which is just wrong.

“Depression” v “Recession” simple definition:

“An economic depression is a period of sustained, long-term downturn in economic activity in one or more economies. It is a more severe economic downturn than a recession, which is a slowdown in economic activity over the course of a normal business cycle.”

The Governor of the Australian Reserve Bank has stated more than once exactly what @dippY22 ‘s Mr. Gundlach has said - interest rates will start to be trend down next year.

Both the US and Australia have close to full employment so those in employment are likely to maintain that employment or find other employment until interest rates ease and probably if needed find a second or third job to carry them through.

When mortgage interest rates climbed to 17% here it was not easy but in our case I added working as a night stacker at Woolworths and Off siding on a Grace Bros furniture delivery truck to supplement my police wages to ride over the bump.

In a “Depression” there are no jobs and no solutions.

A long term retail investor has nothing to fear but overreacting to what is simply a slowdown in economic activity over the course of a normal business cycle.

My opinion only so DYOR
FF

AKIDA BALLISTA

yeah agreed, I would add to stay away from the media in general and especially even more during these times. They are mere puppets to cause emotions and distress. The motley Fools and the generic news media don’t have much difference in my unanonymous and unneeded opinion. I don’t wear a alumnium hat but if you think critically enough you will understand what I am saying

 

[Slade]

Sorry if already discussed.

NXP’s New MCX N Microcontrollers Usher in New Era of Smart, Efficient Edge Processing

NXP Semiconductors has announced the MCX N94x and MCX N54x, the first families in the N series of the new MCX microcontroller portfolio.

www.nxp.com

 

[alwaysgreen]

How shoring up drones with artificial intelligence helps surf lifesavers spot sharks at the beach

Discerning whether that dark splodge in the water is a shark or just, say, seaweed isn’t always straightforward. In reasonable conditions, drone pilots get it right only 60% of the time.

theconversation.com

AI driven shark spotting drone that relies on huge data sets for identification of dangerous sharks. 80% accuracy.

We should contact them to educate them on a solution that will increase their accuracy dramatically

I received an email response from Sci-eye regarding their shark identification drone.

 

[Diogenese]

On a quick note, Joshua Buck is the lead silicon engineer from Edge impulse. So is Brainship set up with a booth and Edge impulse is tagging along or what is this?

Edge Impulse don't own a table cloth.

 

[GazDix]

I think as a non economist and a technophobe that the fear of ‘Recession’ has been elevated to a level similar to the fear of witches in the Dark Ages. It has become ridiculous.

We have had in Australia in the past forty years a number of ‘technical recessions’ and ordinary Australians only knew because the Government told us after it had happened.

I am not saying a recession is a good thing but in the press it has been elevated to the level of a “Depression” which is just wrong.

“Depression” v “Recession” simple definition:

“An economic depression is a period of sustained, long-term downturn in economic activity in one or more economies. It is a more severe economic downturn than a recession, which is a slowdown in economic activity over the course of a normal business cycle.”

The Governor of the Australian Reserve Bank has stated more than once exactly what @dippY22 ‘s Mr. Gundlach has said - interest rates will start to be trend down next year.

Both the US and Australia have close to full employment so those in employment are likely to maintain that employment or find other employment until interest rates ease and probably if needed find a second or third job to carry them through.

When mortgage interest rates climbed to 17% here it was not easy but in our case I added working as a night stacker at Woolworths and Off siding on a Grace Bros furniture delivery truck to supplement my police wages to ride over the bump.

In a “Depression” there are no jobs and no solutions.

A long term retail investor has nothing to fear but overreacting to what is simply a slowdown in economic activity over the course of a normal business cycle.

My opinion only so DYOR
FF

AKIDA BALLISTA

As an economics teacher for over 15 years I agree FF.
A 'depression' is also a term used in a really disastrous time where humankind had no technology like we have today to feed ourselves but somehow we still managed to survive.

I've been reading and listening to a lot of podcasts from ones I respect, and I agree that a 'pivot' will likely happen early next year. I think it will be likely that many countries like ours will accept that a 5% inflation rate will be the new norm and possibly there will be a greater emphasis on fiscal rather than monetary policy to solve economic issues.

The US are not pivoting in the near future because they are worried about inflation, I think they are more worried about the strength of the US dollar and how it plays a role internationally. This is not what they say, but it certainly a factor.

Our current inflation problem worldwide is mostly caused by supply-side issues rather than demand side as well. This is not reported at all in the media. Increasing interest rates doesn't help supply side either and this is why there will be a swing towards governments fixing economies rather than central banks in a few years as well.
The only way to solve supply side is to again upset the status quo. The powerful oil companies, utility companies and monopolies can reduce prices to help the situation, but why would they when profits will be affected?

The other way to solve supply side issues is technology. This is a reason why I am invested in this space also. AI and Brainchip have ground breaking spike edge learning tech with low latency power. How good is that? Blockchain technology shows us the internet is a decentralised and cannot never be controlled by ISPs. Web3 will be a level up. Quantum computing is crazy but certainly achievable in 20 years or so it seems.

Luddities say AI will create mass unemployment. People said the same thing when carriages were invented and horse and carriages were the norm. Here is a nice write up about the history of technological unemployment. https://www.blog.askwonder.com/blog/technological-unemployment

Anyway. The future is bright and exciting and we just need to politely avoid the negative nellies.

 

[FrederikSchack]

I think as a non economist and a technophobe that the fear of ‘Recession’ has been elevated to a level similar to the fear of witches in the Dark Ages. It has become ridiculous.

We have had in Australia in the past forty years a number of ‘technical recessions’ and ordinary Australians only knew because the Government told us after it had happened.

I am not saying a recession is a good thing but in the press it has been elevated to the level of a “Depression” which is just wrong.

“Depression” v “Recession” simple definition:

“An economic depression is a period of sustained, long-term downturn in economic activity in one or more economies. It is a more severe economic downturn than a recession, which is a slowdown in economic activity over the course of a normal business cycle.”

The Governor of the Australian Reserve Bank has stated more than once exactly what @dippY22 ‘s Mr. Gundlach has said - interest rates will start to be trend down next year.

Both the US and Australia have close to full employment so those in employment are likely to maintain that employment or find other employment until interest rates ease and probably if needed find a second or third job to carry them through.

When mortgage interest rates climbed to 17% here it was not easy but in our case I added working as a night stacker at Woolworths and Off siding on a Grace Bros furniture delivery truck to supplement my police wages to ride over the bump.

In a “Depression” there are no jobs and no solutions.

A long term retail investor has nothing to fear but overreacting to what is simply a slowdown in economic activity over the course of a normal business cycle.

My opinion only so DYOR
FF

AKIDA BALLISTA

Hi Fact Finder,

The full employment in the US is contradictory to their other "employment" statistics about labour participation rate, that is the lowest since the start of the statistics in the start of the 80's. This means that we now have the lowest amount of people doing work as far back as recorded, so this should be sort of an indicator that we have to go deeper.

The new way of reporting unemployment since the start of the 90's is not really what most think it is, it´s designed to slope off because the time is a part of the criteria whether you are unemployed or not. So most media report the U3 number and you are not a part of U3 if you haven´t made an application in the last four weeks. Some report the U6 number that is currently 6,7%, but the U6 doesn´t count people who haven't applied for job for more than a year..

Further US employment statistics doesn´t say anything about people being part time employed or having a living wage. Being "employed" doesn´t mean that you can really get by. I think the average salary is high in the US, but about half can´t pay USD 500 to an unforeseen expense.

Also take a look at the top 10 or top 20 most indebted countries in the world (debt to GDP) and you´ll find that about half are "western" countries. This is going to be an issue when interest goes up and treasuries starts to roll over to the new higher interest rates.

We have the believers in MMT, that says that we can just print money forever and that´s probably true, especially in this digital age. They did it in the Weimar republic they did it in Zimbabwe and they did it in many other places, but it never went about in an orderly fashion. So, expect some volatility in the market.

 

[SharesForBrekky]

Edge Impulse don't own a table cloth.

Well there you go. Everytime you sign up to Brainchip, you get a free well ironed table cloth. Edge Impulse among others will therefore be forever grateful

 

[Aretemis]

"...Milo (died 48 BC) was a Roman political agitator. The son of Gaius Papius Celsus, he was adopted by his maternal grandfather, Titus Annius Luscus. In 52 BC, he was prosecuted for the murder of Publius Clodius Pulcher and exiled from Rome. He was unsuccessfully defended by his friend, Marcus Tullius Cicero, in the speech Pro Milone."
https://en.m.wikipedia.org/wiki/Titus_Annius_Milo

Milo also led a mob to control the streets. A tragic character.

It didn’t end well for Cicero either

 

[Aretemis]

"...Milo (died 48 BC) was a Roman political agitator. The son of Gaius Papius Celsus, he was adopted by his maternal grandfather, Titus Annius Luscus. In 52 BC, he was prosecuted for the murder of Publius Clodius Pulcher and exiled from Rome. He was unsuccessfully defended by his friend, Marcus Tullius Cicero, in the speech Pro Milone."
https://en.m.wikipedia.org/wiki/Titus_Annius_Milo

Milo also led a mob to control the streets. A tragic character.

It didn’t end well for Cicero either

 

[Fullmoonfever]

Hi All
Yesterday I put as a matter of logic and reasoned analysis that there was an NDA in place with Mercedes Benz largely on terms dictated by Mercedes Benz.

This seemed to me the only possible explanation however there was not universal acceptance of this so rather than continue I emailed the company and have received the following reply from the Chief Financial Officer Mr. Ken Scarince:

“Hi Fact Finder

We do indeed have a very restrictive NDA in place with Mercedes. Obviously the market is aware that we have provided them with the Akida technology since they announced it, however we are not permitted to comment on it at all. So you are correct!

It is OK to share our acknowledgement of the existence of the NDA.

Ken”

I do not expect that everyone will acknowledge the legitimacy of this so if so inclined an email to Tony Dawe will provide the additional assurance you require.

Regards
FF


AKIDA BALLISTA

@Fact Finder

Nice work & thanks for confirming.

Great the CFO took the time to clarify as I would have expected our IR Mgr would have just done it.

Given you and I were the ones primarily discussing, a tag so I didn't miss the confirmation would have been appreciated.

Thankfully, had 5 mins and was slimming through threads and saw it.

Personally, still a bit disappointed that when it first arose, the company apparently only gave vague comments of, we can't discuss it, rather than just be clear and confirm the NDA existence.

This topic would then not have even arisen.

With no formal announcement as yet of a LOI, MOU, Contract or similar with MB I guess we wait till that day it's released to mkt to confirm when proceeding.

Cheers

 

[Bravo]

That's interesting. The last paragraph states "Mr Schäfer said the introduction of stricter ‘Euro 7’ emissions laws in Europe will also see Mercedes-Benz significantly reduce the number of engines on offer across its line-up this decade."It will be followed by a global engine that we will develop 100 percent ourselves and industrialise together with Geely,” he said."In order to play at the absolute top in future topics such as infotainment, in autonomous driving, in artificial intelligence or in the topic of chips, we have to concentrate. The future certainly doesn't lie in ten different powertrains."

2023 Mercedes-Benz E-Class the last model developed for petrol and diesel engines only – report​

Due in 2023, the new-generation Mercedes-Benz E-Class will be the last model to be based on a platform built for traditional engines only – and not electric power – according to a German report.

---

Ben Zachariah
13:2501 November 2022
2comments

1share

The 2023 Mercedes E-Class will reportedly be the final vehicle from the German luxury car giant based on a platform solely designed to accommodate petrol and diesel engines – and not offer the option of electric power.
In an interview with industry publication Automobilwoche, Mercedes-Benz development chief Markus Schäfer said the forthcoming E-Class is the last model developed purely for internal-combustion (petrol and diesel) engines – and not electric power.
"As things stand today, the E-Class and its derivatives will be the last Mercedes-Benz model to be created on a pure internal combustion engine platform," Mr Schäfer said in the translated interview.

It's therefore suggested all future models after the new E-Class will sit on platforms designed for electric and petrol, diesel or hybrid propulsion – before Mercedes-Benz discontinues petrol and diesel engines in certain countries from 2030.
While Mercedes-Benz has not announced a date to stop offering petrol and diesel models entirely, as a general rule, passenger vehicle platforms from the company typically work on a life cycle of approximately seven or eight years, taking the new E-Class to the end of the decade.
The current C-Class and S-Class are based on the same underpinnings as the next-generation E-Class, but are expected to be replaced with new models before 2030.

MORE: 2023 Mercedes-Benz E-Class first spy photos

Mercedes-Benz detailed its transition to an all-electric future in July 2021, “where market conditions allow”.
It’s thought the caveat was added to allow sales of petrol and diesel models to continue in regions where emissions regulations lag – such as Australia.

Mr Schäfer said the introduction of stricter ‘Euro 7’ emissions laws in Europe will also see Mercedes-Benz significantly reduce the number of engines on offer across its line-up this decade.
"It will be followed by a global engine that we will develop 100 percent ourselves and industrialise together with Geely,” he said.
"In order to play at the absolute top in future topics such as infotainment, in autonomous driving, in artificial intelligence or in the topic of chips, we have to concentrate. The future certainly doesn't lie in ten different powertrains."

 

[Fact Finder]

Hi Fact Finder,

The full employment in the US is contradictory to their other "employment" statistics about labour participation rate, that is the lowest since the start of the statistics in the start of the 80's. This means that we now have the lowest amount of people doing work as far back as recorded, so this should be sort of an indicator that we have to go deeper.

The new way of reporting unemployment since the start of the 90's is not really what most think it is, it´s designed to slope off because the time is a part of the criteria whether you are unemployed or not. So most media report the U3 number and you are not a part of U3 if you haven´t made an application in the last four weeks. Some report the U6 number that is currently 6,7%, but the U6 doesn´t count people who haven't applied for job for more than a year..

Further US employment statistics doesn´t say anything about people being part time employed or having a living wage. Being "employed" doesn´t mean that you can really get by. I think the average salary is high in the US, but about half can´t pay USD 500 to an unforeseen expense.

Also take a look at the top 10 or top 20 most indebted countries in the world (debt to GDP) and you´ll find that about half are "western" countries. This is going to be an issue when interest goes up and treasuries starts to roll over to the new higher interest rates.

We have the believers in MMT, that says that we can just print money forever and that´s probably true, especially in this digital age. They did it in the Weimar republic they did it in Zimbabwe and they did it in many other places, but it never went about in an orderly fashion. So, expect some volatility in the market.

While I understand the point you make and do not argue there will be volatility in a harsh economic rationalist world the uncounted as I will call them most likely do not have mortgages that have not long since been defaulted. If it was otherwise they had been very good savers as they have been able to keep making payments on their mortgages for more than a year while unemployed.

Secondly these uncounted are also unlikely to be counted amongst the consumers that drive the US economy and who line up outside the Apple stores across American with the sole intention of buying the latest iPhone. They are largely unimportant to the economy. Their only importance is political.

The point I am making is that from an economic rationalist point of view this group of forgotten uncounted are likely irrelevant to the recovery of the US economy. They had nothing and still have nothing.

To compare Zimbabwe with the USA is to deny the fundamental wealth disparity by way of natural and human resources that differentiate these countries.

When I was a child I used to watch a show called Gilligan's Island. It was an implausible plot about a shipwrecked group of people on an island. However there was amongst the group a married couple the Howells. On one occasion for some reason the Great Depression came up and I think it was the Professor who spoke about it first. Anyway Luvvie as she was called was vague on the Great Depression and her husband Thorsten Howell the Third said "You remember it Luvvie when things were so bad we became simple millionaires." or words to this effect.

The thing is we cannot compare a country with the huge, almost unbelievable stored wealth of the USA across all categories animal, mineral and human with just about any other country in the world. The USA is the Howell's. It is so wealthy and powerful because of its innate advantages that it drops back but does not collapse. It was always going to be what it became.

Russia is a prime example of a country which does not have such natural advantages and its grip on financial stability is as strong as a thread of rotting cotton. In very early times the one advantage Russia had was the climate which defeated invading land armies but in modern warfare this is now just of historical interest and its savage climate is a huge millstone.

The USA can make huge mistakes and in the end come out smelling like a rose.

My opinion only as I live in the lucky country, the economic miracle that is Australia where free government funded rose coloured glasses are available to all citizens.

My opinion only DYOR
FF

AKIDA BALLISTA