bequanna

43 ms·

601.
by bequanna 4y ago
This ignores simple facts. The Japanese had sufficient time to surrender after the first nuke was dropped. The second was apparently what was required for them to capitulate. The loss of life (on both sides) from an invasion would have been
602.
by bequanna 4y ago
GM’s CEO is delusional. With dealer lots full of new vehicle inventory, she is choosing to lay off employees and shut down production instead of make reasonable price cuts. And to double down on that delusion, she said that GM was “…poised
603.
by bequanna 4y ago
I don’t think this is legally possible as the deferment was only able to happen via special powers resulting from the declaration of a national emergency around COVID. Once the national emergency is declared over, I believe the clock starts
604.
by bequanna 4y ago
I've never heard of this. So, the below is considered by some to be a "racist" organization? https://www.greatbooks.org/
605.
by bequanna 4y ago
They were having too much fun playing with their monetary policy toys. Crazy to think they were still buying MBS into 2022 when easing was in no way necessary.
606.
by bequanna 4y ago
> This is a wrong characterization and makes it look like it's the Fed fault all along. Rates were far too low for far too long. Why was the Fed still aggressively expanding their balance sheet into 2022 when inflation was obviously
607.
by bequanna 4y ago
> Raising nominal interest rates hurts everyone Not really. It helps savers and punishes those who took undue amounts of risk.
608.
by bequanna 4y ago
Dog whistle? I don’t follow.
609.
by bequanna 4y ago
Agreed. I fail to see how any intelligent person could think the "Inflation Reduction Act" would actually lower inflation. It made it much worse and will make it last longer. Increased Government spending increases inflation, peri
610.
by bequanna 4y ago
Why does the cause need to be the same? Every stock market bubble has somewhat different causes but always ends the same.
611.
by bequanna 4y ago
> Yes and no. It is or can be mean-reverting in the short term but not in the long-term else we have a deflationary economy which would be a disaster and we'd do anything to prevent it. This doesn't make sense. If affordability
612.
by bequanna 4y ago
As the Fed has stopped purchasing MBS and mortgage rates jumped to 7-8%, people are in denial and prices have been stubbornly high. Everyone I speak with seems to think this is "temporary", however, the current rates are much clos
613.
by bequanna 4y ago
Falling home prices and default rates are absolutely correlated. Again, just because we don't yet know the trigger which will cause this doesn't really matter. Home affordability is mean-reverting and the only way for it to revert
614.
by bequanna 4y ago
Cue the "this time is different" comments around housing supply and how high housing prices and low unemployment are here to stay. This is typically pure cognitive dissonance from people with a ton of equity in their homes. Housin
615.
by bequanna 4y ago
This isn’t a free speech issue. This is an enemy foreign government collecting information on US citizens.
616.
by bequanna 4y ago
Umm… Housing? Energy?
617.
by bequanna 4y ago
> QE has no impact on inflation This is the most false statement ever. Anything that increases the money supply will increase inflation.
618.
by bequanna 4y ago
> The price of things that AI can't do at all will go up, because there will be fewer people working in knowledge jobs, and therefore they will be able to command higher wages. This doesn’t follow. If AI displaces workers the majori
619.
by bequanna 4y ago
This is incorrect. It is commonly accepted that wage increases tied to inflation (many of which were union contracts) prolonged the stagflation of the late 70s.
620.
by bequanna 4y ago
SVB was screwed. They bought at the tippy-top of the bond market and didn’t bother to hedge interest rate risk. The unreported losses were huge. It was just a matter of time before they bled deposits, were forced to sell and mark to market.
621.
by bequanna 4y ago
Unfortunately, inflation is more complicated than that. Think of it more like a system of reactions that feed off each other: wage increases, pro-active price increases by retailers, etc. It doesn’t necessarily matter what started accelerat
622.
by bequanna 4y ago
I think the parent is asking: Why do we seem to be celebrating obese people?
623.
by bequanna 4y ago
> the business was probably too conservatively managed. The problem here was not holding safe assets Duration, duration, duration. Their failure to recognize this as a risk even with “safe” assets is the problem. Hedging interest rate ri
624.
by bequanna 4y ago
I think your explanation is missing one big thing: duration It isn’t that treasury bonds are inherently “risky”. The risk is that when you hold longer duration bonds at low interest rates like SVB did, even modest rate increases will have a
625.
by bequanna 4y ago
They didn’t “sell them to the government”. However, the Fed was actually a large purchaser of MBS if that is what you’re referring to.
626.
by bequanna 4y ago
Since I hear a lot of people calling out the Fed, Let’s be perfectly clear about who is to blame. SVB chose to invest in 10-year duration MBS that was yielding only 1.5% when higher rates were known to be just around the corner. The risk&#x
627.
by bequanna 4y ago
So, they restrict my access to money that is mine for less time? I’m not sure I would call this an innovation.
628.
by bequanna 4y ago
Please name one “banking innovation” the banking industry has implemented in the last decade which has benefitted consumers.
629.
by bequanna 4y ago
Head, we get bonuses Tails, taxpayers bail us out
630.
by bequanna 4y ago
Buy what assets? From what I understand, SIVB had paper losses which totaled maybe ~30% of deposits before the bank run. If 70% of depositors withdrew before the bank went into receivership there is nothing left. And the assets they held we

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