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Stuff you just can't make up

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Re: Stuff you just can't make up
Post by Annachie   » Sat Jul 08, 2017 2:28 am

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If you build it, they will buy?


Mike Pence.
Touching the thing that says in big red letters, Do Not Touch.
Then claiming he was dared too.

Seriously?

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Re: Stuff you just can't make up
Post by The E   » Sat Jul 08, 2017 4:42 am

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Annachie wrote:If you build it, they will buy?


Mike Pence.
Touching the thing that says in big red letters, Do Not Touch.
Then claiming he was dared too.

Seriously?


Pence reportedly doesn't trust himself to be in a room alone with a woman he isn't married to. If that's an indication of how poor he is at impulse control, I can totally believe someone daring him to touch the thing that says do not touch and him doing it.
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Re: Stuff you just can't make up
Post by Tenshinai   » Sat Jul 08, 2017 12:43 pm

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gcomeau wrote:
“Here’s a little economics lesson: supply and demand. You put the supply out there and the demand will follow,” Perry was quoted as saying


This man was governor of a state ladies and gentlemen...


Uh, actually that's a very common and often HIGHLY successful way of doing business nowadays.

It's practically standard procedure in the consumer electronics industry.
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Re: Stuff you just can't make up
Post by gcomeau   » Sat Jul 08, 2017 2:43 pm

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Tenshinai wrote:
gcomeau wrote:
This man was governor of a state ladies and gentlemen...


Uh, actually that's a very common and often HIGHLY successful way of doing business nowadays.

It's practically standard procedure in the consumer electronics industry.


Umm... no. No it is not.
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Re: Stuff you just can't make up
Post by Michael Everett   » Sun Jul 09, 2017 3:28 am

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gcomeau wrote:Umm... no. No it is not.

Then how did the iPhone become so popular?
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Re: Stuff you just can't make up
Post by gcomeau   » Sun Jul 09, 2017 5:49 am

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Michael Everett wrote:
gcomeau wrote:Umm... no. No it is not.

Then how did the iPhone become so popular?


A strong pre-existing demand for a better phone people could upgrade to... obviously.

People had,been doing phone upgrade a long ass time before the iPhone came along, they were always looking for the latest greatest thing to move to. The world didn't suddenly wake up the day iPhones were released and suddenly become struck with some never before existing desire for upgraded phone tech. Apple wasn't working for years on the iPhone thinking "yeah nobody wants a better phone. But if we manufacture millions and millions of these *then* they'll want better phones! And if nobdy buys them then... well... we'll manufacture ten times more and create even more supply and THEN everyone will want one!"


And if coal companies suddenly increase their coal output a bunch of coal plants aren't magically going to appear to create increased demand for the newly increased supply.

Demand drives supply, not the other way around.
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Re: Stuff you just can't make up
Post by Daryl   » Sun Jul 09, 2017 7:09 am

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Just a quick red herring, but on the topic of iPhones, I've just returned from a few days visiting my daughter and her husband. He's an OK guy but an Apple fan boy. Showing off his latest top of the line iPhone ($1400). I found it interesting that my Chinese MI phone (clone of the latest Samsung @ $200) was better in my opinion in all departments.
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Re: Stuff you just can't make up
Post by dscott8   » Sun Jul 09, 2017 8:05 am

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Tenshinai wrote:
gcomeau wrote:
This man was governor of a state ladies and gentlemen...


Uh, actually that's a very common and often HIGHLY successful way of doing business nowadays.

It's practically standard procedure in the consumer electronics industry.


It certainly is not, I say this as an MBA, Certified Production & Inventory Manager, and former US Army Quartermaster Officer.

The principle of supply and demand defines an influence on market prices. Not the only influence, obviously, because humans will often make illogical decisions on how to spend their money. Supply alone, however, does not create demand. A company could produce millions of saddles and bridles, but that supply would not create demand because we have moved on from horses as a common mode of transportation. Horses are now a specialist hobby; go price a good saddle & bridle, they're expensive. Mass production could bring the price down, but there's no reason because demand will not follow.

The same is true of coal. Cleaner sources of energy have pushed it out of the mass market, and it's not coming back.
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Re: Stuff you just can't make up
Post by Annachie   » Sun Jul 09, 2017 10:06 am

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Demand drives suply, but in electronics it's in part advertising that drives demand.

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Re: Stuff you just can't make up
Post by Daryl   » Sun Jul 09, 2017 5:37 pm

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It can actually have the opposite effect. About 50 years ago an Australian firm tried to capitalize on the Carmody Street fashion scene by selling kangaroo fur coats cheaply. No one wanted them so they withdrew them, then a year later introduced them as exotic and in short supply at a high cost. Sold lots.
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