actionablefiber

11 ms·

91.
by actionablefiber 4y ago
My savings account pays me 4% interest. You may want to shop around for a new bank.
92.
by actionablefiber 4y ago
“Crime doesn’t pay” - Credit Suisse, probably
93.
by actionablefiber 4y ago
When I commute by bicycle on the trails that lead into DC, I frequently have the exact kind of interaction you are describing here.
94.
by actionablefiber 4y ago
I think an easy way to answer this question is to look at major commuting thoroughfares where the people are not in cars to begin with, like busy sidewalks and cyclepaths. https://www.youtube.com/watch?v=2RQrKP9a0XE
95.
by actionablefiber 4y ago
If you had deposits with SVB's UK arm before, congrats, you're now an HSBC customer. There is a much lower chance HSBC experiences a bank run. Not to jinx it but the most likely outcome is that most customers are satisfied that
96.
by actionablefiber 4y ago
> Adam was just very good at playing the VC game. And he is still playing that game! If in five years we all discover he turned this into a giant nepotistic money-losing dumpster fire and left his VC firm holding the bag while he got a c
97.
by actionablefiber 4y ago
Classically, it’s a liquidity issue if the market value of your bonds goes down because rates went up, causing the discounted present value of the future maturity payout to decrease. It’s a solvency issue if the market value of your bonds w
98.
by actionablefiber 4y ago
It is more like, demand is the only thing the Fed can control. The Fed can’t end the invasion of Ukraine or cure avian flu or speed up cargo ships. They can raise rates and that’s about it.
99.
by actionablefiber 4y ago
Depends on the equity/cash split of your compensation. A failed bank is worth zero. Cash is cash.
100.
by actionablefiber 4y ago
I think that is a difficult call to make this early on. The FDIC's job here is to recover value for depositors and find buyers for its assets. It is hard to organize bank takeovers on short notice, and even in a private rescue there is
101.
by actionablefiber 4y ago
They took deposits from depositors who would blow up if interest rates went up, and then used those deposits to buy assets that would blow up if interest rates went up. Interest rates went up, so their assets crashed at the same time that d
102.
by actionablefiber 4y ago
I feel most banks are coasting off the inertia from longtime and/or unsophisticated customers. Up until I switched to a neobank late last year to get some actual yield on my savings, I'd been using the same brick-and-mortar chec
103.
by actionablefiber 4y ago
> You would get $100/1.05^10 = $61.39. Emphasis on the exponential decay relationship between market price and time-to-maturity. If you change that 10 to a 30, the bond is worth $23, and if you change it to a 50, it's $8.72.
104.
by actionablefiber 4y ago
That's true in a tautological way, but there really is a difference between liquidity and solvency. If a firm's assets will eventually mature and be worth more than the current liabilities, then a private rescuer can make a lot
105.
by actionablefiber 4y ago
So the conversation goes: A: We have too many depositors! We are not getting enough yield to pay interest without taking on risk. B: What if we reduced the interest we pay on deposits? A: Then we'd stop getting new depositors! Our only
106.
by actionablefiber 4y ago
> They sold some of the assets bought at step #1 at a loss (dont know why) I imagine they ran out of their more liquid instruments.
107.
by actionablefiber 4y ago
This is the classic, textbook dilemma that the CEO of a bank/crypto exchange faces. You can lie, and say everything is great. If enough people believe you, your bank is safe and you live happily ever after. If they don't believe y
108.
by actionablefiber 4y ago
What an odd choice of analogy. Incidents where someone driving a car hurts or kills someone else is in fact an extremely common "edge" case. It happens, like, several hundred thousand times more frequently than bank runs do.
109.
by actionablefiber 4y ago
I understand the bit about interest rates. But the disappearance of starter homes from the market is part of the problem , not a cool accounting trick to hide it.
110.
by actionablefiber 4y ago
> I bought my first house in the early 1990s. Saving the down payment was tough. Compare housing prices since 1990 vs. wage growth over the same period. For the overwhelming majority of people entering the workforce today, there is no wa
111.
by actionablefiber 4y ago
> Another point, which I feel is a good representation of an 'EA'-fied game: I was a bit miffed to discover that you couldn't create a subway system, you were limited to roads (I don't even remember if you could creat
112.
by actionablefiber 4y ago
Meanwhile: Arlington, VA (where HQ2 is) says +1.1% YoY. Some wild volatility on those charts from the past year... https://www.redfin.com/city/21282/VA/Arlington/housing-marke...
113.
by actionablefiber 4y ago
That's not "the NoVA thing", really. It is a fact of life when you have 30-year fixed-rate mortgages. Rates are up. Buyers don't want to buy at the same prices with the new rates. Sellers don't want to sell at the l
114.
by actionablefiber 4y ago
It's like that headline about Google making employees share desks. Seems like they are hell-bent on doing "worst of both worlds" hybrid instead of "best of both worlds" hybrid.
115.
by actionablefiber 4y ago
Most of the tax benefits are performance-based and only kick in if Amazon meets certain thresholds for job creation, increases in local hotel stays, and total office space square footage used. https://www.washingtonpost.com/
116.
by actionablefiber 4y ago
This is a layoff disguised as RTO. Part of the giveaway is that there are some exemptions being made to keep some employees on full WFH.
117.
by actionablefiber 4y ago
I can absolutely see this happening and it's absolutely, absolutely disgraceful that there is no dedicated, clearly marked redaction tool on iOS's image markup tool. I have only ever needed to use that markup for three things: to
118.
by actionablefiber 4y ago
I’m curious if not drinking coffee is associated with getting a caffeine fix from less healthy sources (sodas, energy drinks) and if that is a potentially confounding factor.
119.
by actionablefiber 4y ago
I don't think my heart could take it if that happened. Much of the majesty of taking Amtrak is being able to show up to the station in the downtown core minutes before departure and simply hop on the train, and then hop back off in the
120.
by actionablefiber 4y ago
Really not an alternative diff but a pathway to transition to an alternative codebase built on an alternative development methodology with strong guarantees that said methodology could not yield code that presents problems resembling the on

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