fuoqi

16 ms·

151.
by fuoqi 3y ago
Sure, according to the Ukrainian sources, after the Ukrainian state persecutes anyone who publishes factual information which does not align with its propaganda campaign (like the bloggers who posted videos of "interception"). Mea
152.
by fuoqi 4y ago
1) Even being unaccustomed to riding unicycles most people can easily ride in 5-10 km range without any significant discomfort. It's usually enough when combined with public transport (I am talking about Europe, in the US it may not be
153.
by fuoqi 4y ago
I believe unicycles are a better fit for urban mobility (I am talking about proper, mainline EUCs, not the Onewheel bastardization of the technology). You can easily use them together with public transit systems, while e-bikes are quite unw
154.
by fuoqi 4y ago
>That it is Ukraine bombing their own cities They do bomb them. Or do you think it's the Russian or rebel forces bombed Luhansk and Donetsk since 2014, and the Zaporizhia nuclear plant since the war started? There is a ton of blatan
155.
by fuoqi 4y ago
I wonder about the end-game effect of the BTFP. Great, today banks got enough liquidity thanks to the Fed, but after 90 days they have to return borrowed funds together with a relatively high interest and get back semi-worthless paper (bec
156.
by fuoqi 4y ago
SVB also did not have "worthless assets", but the extreme rate hikes by the Fed significantly reduced its value. Wait until tightness of credit conditions will cause chain of defaults and we will see how well banks will fare. We a
157.
by fuoqi 4y ago
>You don't even need somebody else's money to start a bank. The Bank of England was started by issuing shares to subscribers and booking them on the asset side as nil paid. We discuss commercial banks. The Bank of England is qu
158.
by fuoqi 4y ago
You can be your own narrow bank by directly investing into short-term bonds or by buying a money market fund.
159.
by fuoqi 4y ago
What exactly is incorrect in my explanation? Are you saying that bank's liabilities can exceed its assets for a prolonged time? Or that reserves at a central bank do not pay interest? The second order effects (such as loan at one banks
160.
by fuoqi 4y ago
>when someone takes out a loan, a bank doesn't lend out depositors' money. Instead money is "created" by the bank (on behalf of the fed), and the bank needs to pay the fed interest. Commercial banks can not create loa
161.
by fuoqi 4y ago
They can buy longer duration bonds and sell them before the loan is due or even corporate bonds. Yes, it introduces certain risks, but with the endemic banks irresponsibility constantly bailed out by the government, I will not be surprised
162.
by fuoqi 4y ago
A bank has 10 year bond which trades 90 cents on the dollar on the open market. It gives the bond to Fed as collateral and receives 1 dollar. It uses this dollar to buy bonds on open market with rate higher than cost of the loan, after 90 d
163.
by fuoqi 4y ago
Is there anything preventing banks from buying treasures on open market by using funds they got from Fed by exchanging their treasuries on mark-to-maturity basis? Looks like a bailout with extra steps.
164.
by fuoqi 4y ago
This is why I wrote "likely", but as for facts, I know that SVB's CEO has sold his stocks on March 1 for $3M (in addition to a number of earlier sells). And according to Bloomberg short sellers made at least $500M in profits:
165.
by fuoqi 4y ago
And of course no one has shorted the stocks. /s
166.
by fuoqi 4y ago
I think it's likely that certain actors were pulling the strings behind the scenes to trigger the run and make a hefty profit in the process. But they are nothing more than capitalistic hyenas, the root issue lies in irresponsible SVB
167.
by fuoqi 4y ago
Maglev applications strongly depend on a sufficiently high critical field. Unfortunately, high temperature superconductors have serious issues with it.
168.
by fuoqi 4y ago
1) You are moving the goalpost compared to GP. 2) Yandex was understandably cautious in the light of the new Russian laws, which effectively put a censorship net on coverage of the war. 3) Are you saying that Volozh should have followed the
169.
by fuoqi 4y ago
With negative real interest rates they DO lose purchasing power and I think they thought about such risk. But making China a production powerhouse and technology transfer associated with it was a much more important goal.
170.
by fuoqi 4y ago
>why bother? For example because your production capacity in China will produce your stuff for cheap and you will be able to sell this stuff with a good markup? You will not be able to easily sell the production capacity and move the res
171.
by fuoqi 4y ago
How about Arkady Volozh? He got sanctioned not because he has "direct ties to and props up Putin", but because Yandex operates in Russia and has to follow its rules. Just look at the length of the list with sanctioned persons. Are
172.
by fuoqi 4y ago
Because having a global reserve currency strongly relies on network effects and USD share in international trade is failing steadily? How much of this IP heap is an utter trash like software patents and patents on black rectangles generated
173.
by fuoqi 4y ago
No. They bought it because the excess capital produced by artificially low exchange rate used to stimulate domestic production and exports is too big to be parked anywhere else.
174.
by fuoqi 4y ago
>because if their money is in China, they don't really own it The same can be said about money moved to the West, just with a different risk profile. As the Russian situation has shown, your property can be creatively taken away if
175.
by fuoqi 4y ago
They do not need foreign capital per se. They need foreign business expertise and technology in areas where domestic ones are not sufficient at the moment. For pure capital they have more than enough in US debt, maybe even too much, since t
176.
by fuoqi 4y ago
>In a financial world, a bank should never print money. Except banks routinely do "print money" (if you agree that credit and money are effectively the same). Even without delving into workings of our financial system, there ar
177.
by fuoqi 4y ago
Why in the world would they invest into such HVDC project when they already have a huge synchronous grid (unlike the US and Canada, which have 5 grids in total) shared by other countries, especially on the southern border. I think there are
178.
by fuoqi 4y ago
I wonder if Russia and/or China will start launching a bunch of relatively cheap stratospheric balloons with foil-covered cardboard boxes to imitate payloads to troll the US and make it spend millions on shooting them down. To make the
179.
by fuoqi 4y ago
Note that this page for some reason redirects to https://en.wikipedia.org/wiki/Freddy_the_Pig if opened in a new tab (I guess it's a kind of "protection" against sharing the link). To open the article, c
180.
The Joy of Duplexes(codahale.com)
2 points by fuoqi 4y ago|2 comments

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