HiLo

8 ms·

31.
by HiLo 11y ago
Can you link to something elaborating on this? This seems pretty odd to me.
32.
by HiLo 11y ago
No, you haven't really shown me how it's predatory, although I do know that does happen (as it does in all large lending markets). I'm not sure what your point is about the largest debt collector having contracts with the DOE
33.
by HiLo 11y ago
Good points, actually, but can you clarify on what you mean with the government being the only buyer of student loans? All those other needs are permanent, too. "Roads" will permanently be under constructions somewhere, just as &q
34.
by HiLo 11y ago
Primary thought: I think this is really great news. Mine tailings are really nasty, so hopefully this type of thing could also work on other legacy industrial projects or future contamination. Secondary thought: This is a long shot, but if
35.
by HiLo 11y ago
I actually personally agree with you, I was just trying to note the inconsistencies in that argument.
36.
by HiLo 11y ago
More intellectual laziness in this thread. To start, what definition of bubble are you using? Where no plausible scenario can justify forward valuations? Where there is evidence people are doing transactions for the sole reason to flip the
37.
by HiLo 11y ago
For the same reason the government hires construction firms to build roads, for the same reason the government hires contractors to build bases, the same reason the Federal Reserve uses primary banks as intermediaries, the same reason the m
38.
by HiLo 11y ago
This is an intellectually lazy response. Why does our government always use contractors? You won't let them spend more internally to grow their departments, but you also want them to be able to handle an ever-growing mountain of job fu
39.
by HiLo 11y ago
Can you provide evidence that it is a bubble? Can you provide evidence that it will burst, or a potential catalyst?
40.
by HiLo 11y ago
You're getting downvoted, but I have to agree to an extent. To be fair, many business/founder types also have a total lack of understanding of what it takes to get a startup off the ground. The irony is, I guess, that most people
41.
by HiLo 11y ago
This really resonates with me. Without ranting, I kind of think a lot of wannabe's have been sold a dream and a formula, and when it doesn't work, they blame the dream (it's always been 1 in 1,000,000 odds!), or the formula (
42.
by HiLo 11y ago
A coherent, baseline platform that ratchets up in intensity every 5 years and forces the hand of domestic politics (rather than simply allowing them to block intnl agreements) seems like a positive, I'm not sure why everybody is so ent
43.
by HiLo 11y ago
Sorry to piggyback on your point and rip off Matt Levine a little bit, but most of the cage rattling seems to ultimately come from people who are mad that it's harder to slip in their huge orders without having a price impact like it s
44.
by HiLo 11y ago
Sorry, I'm on my phone, but you could start with "Trading and Exchanges" which is available on Amazon (really, any of the highly rated books on market microstructure are pretty good IMO). Also IMO, It would be helpful to use
45.
by HiLo 11y ago
>there are heaps of evidence >links to zerohedge credibility = destroyed
46.
by HiLo 11y ago
I stopped at "Perhaps the best description of the rigged game HFT’s play comes from the book..." Just because they aren't guaranteeing your execution price when you trade in larger size blocks doesn't mean the game is ri
47.
by HiLo 11y ago
Some of those things have been for things that weren't even illegal. The dance between Wall St and regulators is a delicate one, and shouldn't really be viewed in the same way as your everyday civil case.
48.
by HiLo 11y ago
This is a good point. Professional firms where the company is really tons of smaller companies sharing a balance sheet are always tough to wrap your head around in general.
49.
by HiLo 11y ago
Nobody is saying it works perfectly, but finding a good risk adjusted price is the point.
50.
by HiLo 11y ago
I would take the most talented from Wall Street over the most talented from Silicon Valley any day of the week. Furthermore, while SV has its VCs, their AUM and returns are laughable compared with almost any other strategy. Cold hard truth
51.
by HiLo 11y ago
How is deliberately lying about your incentives and hiding your source of funding under oath testifying to Congress even remotely ok? How are you rationalizing this? What kind of message does it send if we let people lie under oath about wh
52.
by HiLo 11y ago
Are you just assuming an equity crowdfunding investor (retail investor) has the resources or sophistication to do proper due diligence on hundreds of investments? Maybe the interest rates are lower on these for borrowers because the cost of
53.
by HiLo 11y ago
Thank you for stating what the literature on this topic actually suggests.
54.
by HiLo 11y ago
Yes, I'm sure GWB staffed his cabinet with "experts." Yes.
55.
by HiLo 11y ago
Hey, did you know that's 95% of the private sector, too?
56.
by HiLo 11y ago
The legal structure has nothing to do with the principal here, stop obfuscating the argument.
57.
by HiLo 11y ago
Just curious, by extension are you saying nobody/nothing forces people to accept the wages they're given?
58.
by HiLo 11y ago
Sorry for throwing terms around loosely. What I meant was the network of creators that made it what it is. Facebook would still be at Harvard or the Ivy Leagues if Zuck decided he didn't need anyone else...
59.
by HiLo 11y ago
Again, not true. The Federal Reserve can step in and buy bonds at any point, giving Treasury the ability to pay. >revenue sources with which to pay them Can you show me where Treasury says fiscal outlays are funded by tax receipts, or so
60.
by HiLo 11y ago
Actually, the Treasury funds itself by issuing bonds to the dealer banks or the Fed, where its account is then credited. Taxes are used as inflation control or to incentivize certain activities. What you're suggesting is that Treasury

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