beezle

21 ms·

241.
by beezle 4y ago
So every depositor will get up to $250K on Monday. Those with balances above that will get a payment of some percentage of the balance not many days after. Sounds pretty fair and expedient to me. Shocked that no VC or group of them haven&#
242.
by beezle 4y ago
Then they should have only kept the minimum funds necessary for transacting business in that bank account and kept the rest in short dated treasury bills at another institution(s). Part of being a company is having a treasury department to
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by beezle 4y ago
You can find similar rates from some other banks today. It is not so hard to do when 1mo treasury bills are yielding 4.80 and 3m over 5.0%
244.
by beezle 4y ago
I think it quite likely that if there is any haircut at all it will be quite small and that is honestly a price that should be paid by the large depositors for failing to consider the many risks of keeping all their free cash at one institu
245.
by beezle 4y ago
Ill advised for any company to keep funds above and beyond that necessary for day to day transactions all at one financial institution when it is quite easy to spread the excess funds across many banks/types of accounts . That is espe
246.
by beezle 4y ago
By your definition any position that a bank takes is a "bet".
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by beezle 4y ago
It is not insane at all. Banks match expected duration of their assets and liabilities. This bank made a number of errors and was caught in a classic liquidity squeeze. Not the first and won't be the last.
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by beezle 4y ago
Let us hope that the bank did not "bet" and instead had a decision making process.
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by beezle 4y ago
Responding more to the quote: First off - it is not a 10Y T-bill. T-bills extend to 52 weeks. From that point through 10Y are "notes" and everything longer are bonds. Second anyone involved professionally in the markets underst
250.
by beezle 4y ago
No, please do not even try to imply that this was the Fed's fault. They did not raise "suddenly". The move away from ZIRP was well telegraphed. Once they did the first hike the only question was how fast and how far. Most
251.
by beezle 4y ago
There are also negative tax problems for those who continue to hold the ETF or mutual fund after others have sold and the redemptions cause the sale of actual bond holdings most likely at a loss. Personally I always advise friends/fami
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by beezle 4y ago
Nor are they required to leave those same positions unhedged.
253.
by beezle 4y ago
As others have pointed out, free cash balances should be OK. RH should have SPIC (SIPC protects against the loss of cash and securities – such as stocks and bonds – held by a customer at a financially-troubled SIPC-member brokerage firm. T
254.
by beezle 4y ago
Classic asset management duration mismatch failure. And even ignoring the duration issue, their treasury holdings should have been hedged - everyone knew which way rates were going, the only question was how far the Fed would take them. Un
255.
by beezle 4y ago
Back in the day I went to the same bagel shop every morning for the commute. I'd tip by giving all of the counter guys/gals mini-champagne bottles at holiday time. Put a smile on their faces and prorated over 250 days was next t
256.
by beezle 4y ago
I have an aging Huawei tablet, wondering what 10" non-locked down tablets are available these days (at decent price)?
257.
by beezle 4y ago
My half rack spotting arms are really only meant for benching, quite short. The advantage of a full cage is safety in multiple directions. This guy has a good write up of the plus/minus of the different types. https://www.
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by beezle 4y ago
This. So many guys wing stuff around using momentum or gravity. Positive and negative rep should be at similar, fully in control speeds.
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by beezle 4y ago
True but once you start getting heavy it can be difficult to get into the proper starting position for some lifts as well finishing safely. YMMV.
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by beezle 4y ago
I've picked up a bunch of things from Titan the past year. The weights and equipment themselves seem fine and will probably stand the test of time. The one issue I have had with their weight lifting subsidary is shipping Can be a clow
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by beezle 4y ago
As mentioned by others, a full rack is the best get to start with. I long ago got a half rack which is fine for benching alone (has spotting arms) but not for serious squats. Advise making sure whatever bench you buy to make sure the heigh
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by beezle 4y ago
I think the Nikon was 4000 dpi so imagine he means Hasselblad
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by beezle 4y ago
Always forgotten: for every seller there must be a buyer. Generally speaking, unless there is a fundamental change in outlook, selling based upon the latest earnings report is the hot money which attempts to chase the latest greatest and i
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by beezle 4y ago
The advantage of snow tires on ice is that they are designed to have a stiffer sidewall. Studded snows are better, yes, but even regular snows are a step up on icy road conditions.
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by beezle 4y ago
This is debatable even in the 'full frame' 35mm range and certainly so when moving up to the various medium formats and larger. That is just speaking about resolution. There are other things to consider as well, such as dynamic r
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by beezle 4y ago
I have a very niche, non-technical book in both print and kindle formats. It is Kindle priced at $9.99 and I am paid $6.70 royalties per copy sold. This calendar year 37.4% of sales were Kindle. Lifetime, about 23% are Kindle. Print charg
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by beezle 4y ago
If I write a best seller at age 25, I hope that I can still claim my royalties past age 45. I'd also argue that heirs should also have some period of exclusivity as well. Using the best seller at age 25 example, were I to die an unti
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by beezle 4y ago
Over the past year I have bought a lot more from other sellers such as Walmart and Target because they can still get them to me in two or three days with no extra charge (if you meet the low free ship limit). I've also had Amazon claim
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Paper-mill detector put to the test in push to stamp out fake science(nature.com)
3 points by beezle 4y ago|0 comments
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by beezle 4y ago
"Universities in the US are hotels that provide a particular flavor of entertainment to their attendees. Particularly in undergrad." Then why bother with having any academics at all? If all it is to you (and your kids) is a nice

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