eftychis

13 ms·

121.
by eftychis 4y ago
We are at the point where Brent prices were at the levels of 2019. It's clear that this is not enough or acceptable. We have a market that is barely an oligopoly -- effectively functioning as a monopoly. We (everyone outside of OPEC (a
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In Surprise, OPEC Plus Announces Cut in Oil Production(nytimes.com)
10 points by eftychis 4y ago|4 comments
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by eftychis 4y ago
You can also add my personal anecdota in the pot. Same experience. (I know there is self selection sampling here that needs to be adjusted for.)
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by eftychis 4y ago
I disagree. Companies make way more money of what they offer. Otherwise they would go bankrupt. They are not a charity. From my experience, from colleagues and friends, equity is worth 100x that of salary, if you know where to "bet&quo
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by eftychis 4y ago
Yes I agree. Was replying to burning coal/lignite. We need to figure out storage and hopefully that doesn't involve lithium -- too scarce and its mining is destructive. I support using nuclear too as a) there is a lot of improve
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by eftychis 4y ago
Sorry will clarify with the following Wikipedia citation to paint the difference https://en.m.wikipedia.org/wiki/Uranium_ore 40 times more likely to find than silver. 500 more than gold. There is this old 1981 article
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by eftychis 4y ago
Not 100% true. Here is a counter-example. First, guess what is one of the most abundant element on earth. Uranium. [1] Now consider what is a common pollutant when we mine coal or burn it. Uranium. [2,3, 6] Saying that we should burn coal b
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by eftychis 4y ago
Monopsonies require a single buyer with a stick to work. Economics teaches that to us since inception. I am not sure why this is even a divisive topic. Sure discuss how a doctor decorates their office. Who cares. When you are dying or are i
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by eftychis 4y ago
My personal experience as a European citizen living in the U.S. is drastically different. I flee the U.S. to have all my medical related tests and work, out of pocket, in the E.U. And it is cheaper and much much better experience. (And I do
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by eftychis 4y ago
I am curious at what point this violent recurring "dawn" to software engineers (in Silicon Valley specifically) is going to lead to the creation of a Guild. Consider that remote work is more prevalent, the healthcare situation is
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by eftychis 4y ago
This statement is full of hypocrisy and sourness. As I replied to a comment elsewhere on this post: They capitalized to the maximum the demand and ending up seriously cannibalizing their profits, which they hid. They ended up settling with
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by eftychis 4y ago
They specifically were mentioning them in their letters to investors as a positive. See https://www.cnn.com/2022/05/06/tech/nvidia-sec-settlement-cr... "Senior executives at the company sought to ca
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by eftychis 4y ago
Let me get this straight. A bunch of company executives/founders (37/150) provided physical access to their phones -- turned off I hope -- for the duration of the event? And they should be proud of that? The phones used to cf. pro
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by eftychis 4y ago
And I am not convinced it is a good deal for UBS. Credit Suisse went from ~$4 billion minor problem in August to we need ~$54 billion to "Switzerland is offering UBS $100 billion "safety" loan and gives it to you for free and
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by eftychis 4y ago
Employers unfortunately think otherwise. From experience when the time comes, most people cower and accept the new status quo. Again from unfortunate experience. Feel free to take it as an anecdotal point. Employers do it because it works a
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by eftychis 4y ago
The regulation to my knowledge does require marking to maturity. Yes as I have commented elsewhere in this post, all banks do this. SVB had the unique situation of being the canary in the mine, as they had to get a lot of MBS during low int
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by eftychis 4y ago
Yes, but the problem is the 1 million is unlikely to be in cash. Here, it is in MBS issued at low interest rates and thus practically ~$500k if the security is sold right now. Banks have a serious problem in their hands as they have to figu
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by eftychis 4y ago
Just because there is a whole lot of misuse of terms that makes it hard to understand certain comments and debate over if SIVB is insolvent or illiquid, here are some definitions: https://www.investopedia.com/terms/s&#x
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by eftychis 4y ago
I guess they figured that would cost them more. Note that I am guessing they are going to tax that 360k.
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by eftychis 4y ago
The article talks specifically for California's sins related to Black slaves descendants -- using terminology in the article. I am also a bit confused. I had the impression that California never allowed slaves. I found this https:&#x2
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by eftychis 4y ago
True partially. There are reparations related to WWII. In fact if you mostly refer to reparations you usually refer to WWII in Europe. But specifically to California and WWII: Japanese Americans received reparations for the internment. htt
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by eftychis 4y ago
Offering a reply as it seems my comment was perceived incorrectly and I can not unfortunately edit it. My wording was perhaps a bit too nuanced. (Again this is my opinion, and I might be wrong. I appreciate your opinion. (And other readers
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by eftychis 4y ago
https://www.ecb.europa.eu/pub/pdf/other/art01_eb201504.en.pd The balance sheet is used to direct effective interest rates intramarket -- not a separate knob.
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by eftychis 4y ago
I trust the ECB to miss their targets. It is part of the job description setup. You are trying to control a chaotic system with one knob and you have to follow a manual that gets rewritten with past learnings: a) if the issue reoccurs, the
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by eftychis 4y ago
Best case what happened in the 70s if this keeps up. Can't predict really as you said. You can bound expectations though. Best outcome is perhaps interest rates get lower and things resume as normal assuming there is no other lockdown
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by eftychis 4y ago
Yeah I agree. Why even allow them at all?
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by eftychis 4y ago
Don't forget protection from solar and other radiation. (Disclaimer: I am one of those that aspire taking humanity to Mars.)
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by eftychis 4y ago
I am not sure. It has been around for at least 5 years I would say. I guess at some point they needed a nice sounding alternative category to people not becoming managers.
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by eftychis 4y ago
Individual Contributor. Don't ask me why in heavens that term makes any sense outside one that is myopic or only works with extremely fresh out of school junior engineers and unskilled workers. Edit: P.S. Not sure why a couple of peopl
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by eftychis 4y ago
Just to gather small data: yes.

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