andysandwich

4 ms·

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by andysandwich 6y ago
I know this is bad math but just as an estimation: Fed balance sheet increased about $2T, and Congress spent $2.2T so far with more to come. That's at least 20% of GDP ($20T). Optimistic forecast is that the economy shrinks like 30% of
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by andysandwich 6y ago
Here's some historical analysis from Ray Dalio: https://www.principles.com/the-changing-world-order/
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by andysandwich 6y ago
Article talks about how a Chrysler bankruptcy would have made remaining automakers more competitive, particularly vs Japanese brands. It should also mention that public would have had more money to spend on other things because 1) cheaper c
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Ask HN: Can you use geofencing (e.g. Foursquare) for contact tracing?
2 points by andysandwich 6y ago|1 comments
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by andysandwich 7y ago
Delta and United were each able to raise over $2B in credit. They have plenty of airplanes and facilities to use as collateral. Coming out of 2019 United had about $29B equity (assets - liabilities). They don't really need a bailout to
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by andysandwich 7y ago
The airlines also have plenty of access to credit, collateralized by their airplanes. The loan portion of the bailout, from my understanding, is contingent upon them using up all those lines (which they haven't, both Delta & United
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by andysandwich 7y ago
I'm not a financial expert, but there's a line in their 10-K's about how their loan agreements prevent them from paying dividends. I think that leaves buybacks as the only way of letting owners take profit from their earnings
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by andysandwich 7y ago
Would people be as mad if the airlines had paid dividends (like utilities or many established non-growth companies)? I (not a financial expert) looked at their 10-Ks, and it looked like they are prohibited from paying dividends because of t
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by andysandwich 7y ago
We just celebrated one of my wife's friend's birthdays over groupchat.