anm89

53 ms·

631.
by anm89 4y ago
Here's a Kids in the Hall sketch I love: https://www.youtube.com/watch?v=8C4TGGtPzBU
632.
by anm89 4y ago
if tether crashes so will every other crypto. Just go short coinbase or another crypto proxy if you want to stay in your brokerage account.
633.
by anm89 4y ago
And I assume you are substantially short these markets then given that you know this for a fact and it's trivially easy to become wealthy one you know this for a fact? I don't even disagree that there are potentially major issues
634.
by anm89 4y ago
Because these companies aren't responding to a bad quarter. They are responding to an intensly unfavorable set of macro conditions.
635.
by anm89 4y ago
Nothing like randomly shouting out insults to get people to read your blog post.
636.
by anm89 4y ago
Ok, I'll rollback on this one then. I still think this highlights an issue that drastically reduces credibility in this type of research when they try to overload words to try to make things sound more interesting to people. I would no
637.
by anm89 4y ago
> Agitated, anxious honeybees, on the other hand, responded with pessimism when researchers shook them Sorry, all credibility out the window right here. They seem to be more interested in being literary than in being accurate.
638.
Association of Realtors reports weakening housing dynamics [pdf](cdn.nar.realtor)
1 points by anm89 4y ago|0 comments
639.
by anm89 4y ago
It really, really is.
640.
by anm89 4y ago
This isn't a particularly insightful call to make in May 2022, we're already deep into this process. A year ago or even 6 months ago I would have said this was pretty insightful if you had called it while everything was still movi
641.
by anm89 4y ago
In my totally college graduate circle of ~30 yr old friends, amongst the females, most of whom work white collar jobs, 90%+ Goop is worth billions. People eat this stuff up.
642.
by anm89 4y ago
Simple, because we have a society who's worldview involves believing that quantum energy from crystals heals them and the alignment of the planets determines their fate. And they have decided that nuclear is scary. Honestly we get what
643.
by anm89 4y ago
I have nothing but respect for Patrick, and he has done great investigative Journalism (or at least curation of other peoples journalism) but I still feel like he is cherry picking facts (that there certainly is some shady stuff going on ar
644.
by anm89 4y ago
Just because many people foolishly trade crypto doesn't mean there aren't savvy people quietly making huge amounts of money. I know one of them well, an individual who is up 9 figures over many years while staying market neutral.
645.
by anm89 4y ago
You are refuting the details of my self admittedly absurd example. The point is, you can kill supply fueled inflation with demand side polices. Any country can do this within the scope of transactions denominated in the currency they contro
646.
by anm89 4y ago
It's basically trying to kill housing demand via interest rates. Selling MBS is a much more direct effect on mortgage rates than something like the fed funds rate
647.
by anm89 4y ago
Honestly the six pack of coke seems way more problematic to me than the coffee although a pot seems very excessive. But I'm not sure this a very scathing indictment of coffee given the other habits
648.
by anm89 4y ago
Have you actually lurked around places like r/superstonk? Finance q anon is honestly a pretty accurate description. That crowd has gone WAY off the deep end
649.
by anm89 4y ago
Yeah this is my first thought when I read this. Calling others narcissists is more often a red flag for the accuser than the accusee in my opinion. Narcissism is a spectrum just like every other personality trait, not some binary thing that
650.
by anm89 4y ago
https://www.youtube.com/watch?v=XbZ8zDpX2Mg
651.
by anm89 4y ago
You can kill inflation with demand side strategies, even if the root cause of the recent changes in inflation are supply side. Imagine an ad infinitum example. Let's say the price of gas goes to $1M a gallon. The fed then somehow remov
652.
by anm89 4y ago
If they can't kill inflation by killing equity markets and bonds the last target left is the housing market. So if you believe that their true goal is to kill inflation at this point, which I more or less do, than the thing the Fed fee
653.
by anm89 4y ago
Dead wrong. Selling MBS affects the incentives of mortgage initiators in a vastly different way than selling Bonds. It's a direct pipeline to affecting bottom line mortgage rates for consumers as opposed to a highly indirect one. When
654.
by anm89 4y ago
We took a crisis of bank and consumer balance sheets and relocated it to the government balance sheet by artificially generating liquidity backed by government liabilities. We didn't change many of the underlying mechanics (if you beli
655.
by anm89 4y ago
I was talking about this with a friend today. I think if the Fed announced they were selling agency MBS as part of their QT program we would see a paradigm shift in markets. Like limit down kind of days. I think that's what the punch b
656.
by anm89 4y ago
I'm not commenting on how all of the government should be micro managed. In fact that is exactly the point. It would be irresponsible for the Fed to consider any of that. Their job is to manage the price level and employment. You comme
657.
by anm89 4y ago
I have nothing but dislike for anything web3 but you've constructed this question just to milk a negative answer out of people. ``` If (vaguely defined subjective thing) Then web 3[whatever that even is and whatever it's promises
658.
by anm89 4y ago
> Is a meaningless tautology. I was summarizing your post.
659.
by anm89 4y ago
This is the stated job of the Fed: to balance inflation concerns with employment concerns. Inflation is at 40 year highs and unemployment is at 40 year lows. It's not exactly a hard choice. And I say this as someone who leans far again
660.
by anm89 4y ago
After years of demanding censorship: Fuck these companies that are censoring me!

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