The Financial Services Sector is the most regulated, taxed, and subsidized industry in the American economy, and this holds true for most modern countries. All banks...
The Financial Services Sector is the most regulated, taxed, and subsidized industry in the American economy, and this holds true for most modern countries. All banks are subject to interest rates set by the Fed, the government owned and run Central Bank. There are tens of thousands of pages of regulations for banks in the Federal Register.
With the exception of the covid, every major financial crisis in the US economy in the past 50 years has been directly caused by the Financial Services Sector. They spend oodles of $$ "lobbying" (AKA buying govt policy), to minimize govt oversight. Not foolin us today, Diddy.
With the exception of the covid, every major financial crisis in the US economy in the past 50 years has been directly caused by the Financial...
With the exception of the covid, every major financial crisis in the US economy in the past 50 years has been directly caused by the Financial Services Sector. They spend oodles of $$ "lobbying" (AKA buying govt policy), to minimize govt oversight. Not foolin us today, Diddy.
You are correct. The Financial Servies Sector, the part of our economy the MOST managed, the MOST run, the MOST controlled by the Federal Government consistently has the worst performance for Americans. If blood letting the patient doesn't work, taking even more blood isn't going to solve the issue.
Behind every single bank in the US is the FED, a government run central bank. It sets policy and dictates interest rates. This is the system that is failing. It regulates all the banks that you can interact with. If this regulation is failing, how will more regulation help?
Yes, but it is neither taxed nor regulated nearly enough. You sound like Lance Armstrong … “I’m the most tested athlete of all time”… The financialization...
Yes, but it is neither taxed nor regulated nearly enough.
You sound like Lance Armstrong … “I’m the most tested athlete of all time”… The financialization of the global economy is very clearly a rigged game, and the players in the game are barely, barely, barely accountable in this country.
I dont want to hijack this entire convo, so I'll just say one more thing and then hold my peace.
Its not that the regulations are ineffective or weak. Its not that somehow, if we had 90,000 pages in the Federal Register instead of 76,000 suddently greed would be solved. Its that the regulations are written to benefit a select few at the expense of all of us. Regulatory Capture is a real, observable thing. Never in the history of anything has regulations from a centralized authority had the original, intended outcome in the long run. If the industry has the most of something and performs the worst, maybe thats a clue. Maybe gasoline doesn't put out fires. Maybe Federal Regulations around banking is for the bankers benefit, not yours. Maybe the same government that caused the 2008 crash and then bailed out the banks (but not you) isn't fit to manage something as complex as a modern financial system in a large, complex economy?
Seriously, this is hard to wrap my head around. Two possibilities: 1. The Regulators, who have been given more power than any regulators in the history of the country utterly failed, or 2. They succeeded, its just that they had their own interests in mind, not yours. Either way, you want to give them MORE power?
Getting back on topic of bikeconomics... I know a guy who went to school with someone high up at one of the well known but smaller bike brands. (Sorry if I'm being vague but I don't want to get him in trouble.) I asked whether they were planning on refreshing their enduro bike (not capital E enduro) in 2027 as it's a few years old, has some dated geo, and is no longer listed under their current bikes. The answer was no, and not sure when if ever that would happen since enduro is dead. Kind of wild to hear that directly from a brand, rather than just gloom and doom forum posts. And it makes me sad because for as much as I like riding my ebike for after work laps, I love doing bigger rides on my enduro bike on the weekend.
Getting back on topic of bikeconomics... I know a guy who went to school with someone high up at one of the well known but smaller...
Getting back on topic of bikeconomics... I know a guy who went to school with someone high up at one of the well known but smaller bike brands. (Sorry if I'm being vague but I don't want to get him in trouble.) I asked whether they were planning on refreshing their enduro bike (not capital E enduro) in 2027 as it's a few years old, has some dated geo, and is no longer listed under their current bikes. The answer was no, and not sure when if ever that would happen since enduro is dead. Kind of wild to hear that directly from a brand, rather than just gloom and doom forum posts. And it makes me sad because for as much as I like riding my ebike for after work laps, I love doing bigger rides on my enduro bike on the weekend.
Salsa? They still have the Cassidy listed but just sell it as a frameset at a steep discount. Since you're out of California I'm trying to think of North American smaller brands that previously sold enduro bikes but no longer do. Canyon is pretty big and European but no longer has a non electric Strive. That would check out too, because it seems like the NA mechanical enduro market is doing better than in the EU.
I wonder if we're going to see a Santa Cruz with a "Righty" 32" fork next year and they'll claim that its resemblance to a recently shut down PON brand is purely coincidence. I have it on good authority that the Horst link Tallboy and Vala were intended to be the new GT Sensor and E bike and they just updated certain design language to make them look a bit more "Santa Cruz". I know a former GT employee and he told me that at least one, probably more of the engineers moved directly over to SC to support those product designs and releases.
Isn't the general rumour consensus that Cannondale is being shut down completely?
always rumblings... only people who really know won't say at this point. But been thought to have issues for a while. This may be the last ditch effort to keep the brand... or it may go the way of GT.
People [myself included] have been pushing for lift-accessed riding at Nakiska for 30 years, and it's finally happening. Nakiska is 45 minutes west of Calgary [pop. ~1.6M]. Looking at this through a business lens, Nakiska is owned/operated by Resorts of the Canadian Rockies [RCR], a private corp with billionaire Murray Edwards as a major investor. RCR also owns MSA, Kicking Horse and Ski Fernie. RCR has a long history of being extremely cost-conscious [read: cheapskates}, so it will be interesting to see what they do with the new bike park, especially over the long term.
Cannondale today announced plans to strengthen its North American operations and retailer support. The changes include a new home for its North American activities on the West Coast and offering its retailers easier access to other Pon.Bike brands, including Santa Cruz and Cervélo, through a single point of contact.
Over the next six months, Cannondale will adopt a new sales model in North America, with outside sales representatives covering multiple Pon.Bike brands. This builds on two years of closer commercial collaboration between the brands to offer retailers greater choice. For retailers carrying more than one brand, this means a single point of contact and simpler ordering and support services. The aim is to make it easier for retailers to work with Cannondale and access more of the Pon.Bike portfolio. Each brand will retain its own identity, models and relationship with riders.
As part of this next step, Cannondale is creating a new home for its North American business on the West Coast, a region known for its cycling culture. A dedicated commercial, retailer and rider support team will be based there, providing Cannondale expertise and services to retailers and riders across North America.
Alongside these changes, Cannondale is bringing its global teams closer together. Woudenberg (the Netherlands), currently Cannondale’s European headquarters, will become its global headquarters. R&D and Engineering functions, long based in Freiburg (Germany), will continue to engineer and develop the best bikes building on Cannondale expertise already there.
As part of this transition, operations at the Wilton (Connecticut, USA) office will wind down by mid-2027. For more than five decades, Connecticut has been instrumental in shaping Cannondale into one of cycling’s most influential brands. Cannondale is deeply grateful to the team members whose passion, creativity, and commitment built this incredible foundation. The innovative spirit they fostered remains a core part of Cannondale’s DNA as the brand proudly carries its legacy into this next chapter of growth and rider-focused innovation.
With the exception of the covid, every major financial crisis in the US economy in the past 50 years has been directly caused by the Financial...
With the exception of the covid, every major financial crisis in the US economy in the past 50 years has been directly caused by the Financial Services Sector. They spend oodles of $$ "lobbying" (AKA buying govt policy), to minimize govt oversight. Not foolin us today, Diddy.
You are correct. The Financial Servies Sector, the part of our economy the MOST managed, the MOST run, the MOST controlled by the Federal Government consistently...
You are correct. The Financial Servies Sector, the part of our economy the MOST managed, the MOST run, the MOST controlled by the Federal Government consistently has the worst performance for Americans. If blood letting the patient doesn't work, taking even more blood isn't going to solve the issue.
Behind every single bank in the US is the FED, a government run central bank. It sets policy and dictates interest rates. This is the system that is failing. It regulates all the banks that you can interact with. If this regulation is failing, how will more regulation help?
Conservatism: "Government doesn't work and we'll prove it by the way we run the government."
With the exception of the covid, every major financial crisis in the US economy in the past 50 years has been directly caused by the Financial Services Sector. They spend oodles of $$ "lobbying" (AKA buying govt policy), to minimize govt oversight. Not foolin us today, Diddy.
Regulated with enforcement for the little players, not the big ones.
Almost sounds like the system it regulates, right?
You are correct. The Financial Servies Sector, the part of our economy the MOST managed, the MOST run, the MOST controlled by the Federal Government consistently has the worst performance for Americans. If blood letting the patient doesn't work, taking even more blood isn't going to solve the issue.
Behind every single bank in the US is the FED, a government run central bank. It sets policy and dictates interest rates. This is the system that is failing. It regulates all the banks that you can interact with. If this regulation is failing, how will more regulation help?
I dont want to hijack this entire convo, so I'll just say one more thing and then hold my peace.
Its not that the regulations are ineffective or weak. Its not that somehow, if we had 90,000 pages in the Federal Register instead of 76,000 suddently greed would be solved. Its that the regulations are written to benefit a select few at the expense of all of us. Regulatory Capture is a real, observable thing. Never in the history of anything has regulations from a centralized authority had the original, intended outcome in the long run. If the industry has the most of something and performs the worst, maybe thats a clue. Maybe gasoline doesn't put out fires. Maybe Federal Regulations around banking is for the bankers benefit, not yours. Maybe the same government that caused the 2008 crash and then bailed out the banks (but not you) isn't fit to manage something as complex as a modern financial system in a large, complex economy?
Seriously, this is hard to wrap my head around. Two possibilities: 1. The Regulators, who have been given more power than any regulators in the history of the country utterly failed, or 2. They succeeded, its just that they had their own interests in mind, not yours. Either way, you want to give them MORE power?
Getting back on topic of bikeconomics... I know a guy who went to school with someone high up at one of the well known but smaller bike brands. (Sorry if I'm being vague but I don't want to get him in trouble.) I asked whether they were planning on refreshing their enduro bike (not capital E enduro) in 2027 as it's a few years old, has some dated geo, and is no longer listed under their current bikes. The answer was no, and not sure when if ever that would happen since enduro is dead. Kind of wild to hear that directly from a brand, rather than just gloom and doom forum posts. And it makes me sad because for as much as I like riding my ebike for after work laps, I love doing bigger rides on my enduro bike on the weekend.
Salsa? They still have the Cassidy listed but just sell it as a frameset at a steep discount. Since you're out of California I'm trying to think of North American smaller brands that previously sold enduro bikes but no longer do. Canyon is pretty big and European but no longer has a non electric Strive. That would check out too, because it seems like the NA mechanical enduro market is doing better than in the EU.
Hearing some rumblings. Cdale Closing up the Connecticut office and moving it all to europe... lots of people being let go.
Came here to drop this as well. 😳😢
Isn't the general rumour consensus that Cannondale is being shut down completely?
I wonder if we're going to see a Santa Cruz with a "Righty" 32" fork next year and they'll claim that its resemblance to a recently shut down PON brand is purely coincidence. I have it on good authority that the Horst link Tallboy and Vala were intended to be the new GT Sensor and E bike and they just updated certain design language to make them look a bit more "Santa Cruz". I know a former GT employee and he told me that at least one, probably more of the engineers moved directly over to SC to support those product designs and releases.
always rumblings... only people who really know won't say at this point. But been thought to have issues for a while. This may be the last ditch effort to keep the brand... or it may go the way of GT.
https://hartfordbusiness.com/article/bicycle-company-to-close-ct-office…
New bike park coming to Nakiska:
People [myself included] have been pushing for lift-accessed riding at Nakiska for 30 years, and it's finally happening. Nakiska is 45 minutes west of Calgary [pop. ~1.6M]. Looking at this through a business lens, Nakiska is owned/operated by Resorts of the Canadian Rockies [RCR], a private corp with billionaire Murray Edwards as a major investor. RCR also owns MSA, Kicking Horse and Ski Fernie. RCR has a long history of being extremely cost-conscious [read: cheapskates}, so it will be interesting to see what they do with the new bike park, especially over the long term.
Official word from Cannondale:
-----------------------------------------
Cannondale today announced plans to strengthen its North American operations and retailer support. The changes include a new home for its North American activities on the West Coast and offering its retailers easier access to other Pon.Bike brands, including Santa Cruz and Cervélo, through a single point of contact.
Over the next six months, Cannondale will adopt a new sales model in North America, with outside sales representatives covering multiple Pon.Bike brands. This builds on two years of closer commercial collaboration between the brands to offer retailers greater choice. For retailers carrying more than one brand, this means a single point of contact and simpler ordering and support services. The aim is to make it easier for retailers to work with Cannondale and access more of the Pon.Bike portfolio. Each brand will retain its own identity, models and relationship with riders.
As part of this next step, Cannondale is creating a new home for its North American business on the West Coast, a region known for its cycling culture. A dedicated commercial, retailer and rider support team will be based there, providing Cannondale expertise and services to retailers and riders across North America.
Alongside these changes, Cannondale is bringing its global teams closer together. Woudenberg (the Netherlands), currently Cannondale’s European headquarters, will become its global headquarters. R&D and Engineering functions, long based in Freiburg (Germany), will continue to engineer and develop the best bikes building on Cannondale expertise already there.
As part of this transition, operations at the Wilton (Connecticut, USA) office will wind down by mid-2027. For more than five decades, Connecticut has been instrumental in shaping Cannondale into one of cycling’s most influential brands. Cannondale is deeply grateful to the team members whose passion, creativity, and commitment built this incredible foundation. The innovative spirit they fostered remains a core part of Cannondale’s DNA as the brand proudly carries its legacy into this next chapter of growth and rider-focused innovation.
Consolidation of 3 brand under a single roof.. Definitely a cost savings measure.
Conservatism: "Government doesn't work and we'll prove it by the way we run the government."
Damn, we losing Bioware and Cannondale on the same day.
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