jlmorton

12 ms·

121.
by jlmorton 4y ago
Please explain what you think the proper thing to do with 3 months working capital is.
122.
by jlmorton 4y ago
The Transaction Account Guarantee Program was industry-funded. There is precisely zero moral hazard in protecting depositors, who have no ability to gauge the risk in any particular bank on an ongoing basis, particularly with an industry-fu
123.
by jlmorton 4y ago
The 4.5% rate linked above is in a money market account. It's the exact same rate available from Vanguard today.
124.
by jlmorton 4y ago
This is not the slam dunk analogy you think it is. Buying stocks is too darned complicated , which is why even the most astute, sophisticated hedge fund managers cannot beat an index fund on any significant timescale. Because even with all
125.
by jlmorton 4y ago
Except no one thought the deposits were actually uninsured. Back in 2008, the FDIC launched the Transaction Account Guarantee Program to provide unlimited insurance to uninsured deposits in non-interest bearing accounts, and then later expa
126.
by jlmorton 4y ago
I love how many here are suddenly pretending that every mid-sized business in America both can and should be able to perform a deep and ongoing due diligence of their bank, including I suppose various macro stress tests and Monte Carlo simu
127.
by jlmorton 4y ago
Sorry, I'm not sure if you're confused, but these are simple bank accounts. There was no high interest yield. The average interest yield was a fraction of a percent. No one was chasing any yield. No one was taking any risks. It&#x
128.
by jlmorton 4y ago
Completely agree, that part of my comment was only meant to speak to the political environment.
129.
by jlmorton 4y ago
I don't think this is within the existing authority of the FDIC, or Federal Reserve to do. I'm not an expert, so happy to be corrected, but given where things are currently -- with SBV closed, assets transferred to the Deposit Ins
130.
by jlmorton 4y ago
The doomsayers have shifted from "we've been in a recession for six months, they just changed the definition of a recession" to "an economy that is beginning to falter." I'll take that as a sign that the econom
131.
by jlmorton 4y ago
I'd invite you to review the US DOE Levelized Costs of New Generation [1], which includes both subsidized, and unsubsidized costs. [1] https://www.eia.gov/outlooks/aeo/pdf/electricity_generation....
132.
by jlmorton 4y ago
> It likely reduces customer anger I think you're probably right, and I think that's what ultimately irks me. It's like an infinite no-update-required hack. With that said, the recent updates have been informative, so I&#x
133.
by jlmorton 4y ago
> Mar 08, 2023 - 13:14 EST > Update - We are continuing to make progress towards recovering all services. Data ingestion and monitor notifications remain delayed across all data types. > Mar 08, 2023 - 12:29 EST > Update - We co
134.
by jlmorton 4y ago
> In addition, if indeed 2.7G were encountered, passengers would certainly have reacted and this occurrence would have been all over the media the next day at the very latest. While it must have been a scary ten seconds, you can't s
135.
by jlmorton 4y ago
> But it was expected we would lose 3m seasonal jobs. So voila! This is not smoke and mirrors, it's a seasonal adjustment. Without these seasonal adjustments, the jobs report would be completely and utterly useless. We always lose a
136.
by jlmorton 4y ago
> the macro "view" is that people aren't spending like they used to on technology. Okay, so if I understand your point correctly, it's that Gitlab may have blamed the macroeconomic environment, but it should be fairly
137.
by jlmorton 4y ago
Let's be clear about what the macroeconomic environment is, because it has a specific meaning. I'll quote from another definition here, so I'm not merely offering my own interpretation: > A macro environment refers to the
138.
by jlmorton 4y ago
That is the trailing twelve months rate, and inflation was very high in the first six months of the trailing twelve months. Core inflation actually fell last month [1], and the producer price index has been very low the past several months
139.
by jlmorton 4y ago
> The current macroeconomic environment is tough No, it isn't, and it's embarrassing at this point to continue insisting this. The macroeconomic environment is good, particularly in the United States. Business investment is gr
140.
by jlmorton 4y ago
How are the bangs time savers? They drop you into the search interface of whatever site you're searching, which is fairly universally bad. If I try a search like "Django connection pooling !r," I'm dropped into Reddit&#x
141.
by jlmorton 4y ago
Ideally this would be good, but it's bad advice today for anyone capable of paying off their balance monthly. In the US, credit card companies charge 2.5% - 3% merchant fees on every swipe, and their agreements forbid merchants from pa
142.
by jlmorton 4y ago
Exactly. The interest covers the cost of capital, delinquencies, administration, but it's the merchant fees that are paying the rewards. Before Dodd-Frank and the regulation of debit card interchange fees, many debit cards were also of
143.
by jlmorton 4y ago
Turkey's president, Recep Tayyip Erdogan, famously agrees with your unorthodox assessment, that high interest rates cause inflation, and the cure is lower rates. [1] [1] https://www.cnbc.com/2022/09/29/er
144.
by jlmorton 4y ago
Erdogan, is that you?
145.
by jlmorton 4y ago
The fact that there are unintended consequences in legislation does not mean no one read, or thought about it. These are thousands of Congressional staffers who read and study legislation, along with many more outside of Congress, but there
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by jlmorton 4y ago
> rather than dumping so much of it into that incinerator. It's strange to me that people think Reality Labs is an incinerator. Truly, without exaggeration, I think this entire perception is based on the ridiculous early Horizon Wor
147.
by jlmorton 4y ago
Point taken, but it was five years, not twenty.
148.
by jlmorton 4y ago
It's worth pointing out that Tesla's Virtual Power Plant in California -- which is used primarily in emergency events -- compensates owners $2/kWh. [1] Obviously, that rate is not going to be sustainable for routine energy st
149.
by jlmorton 4y ago
Imagine you're a municipality like San Francisco. You control all of the zoning regulations, and many of the permitting requirements. You have a AA+ credit rating, and even in today's higher rate environment, you can borrow billio
150.
by jlmorton 4y ago
For the ~75,000 travelers directly impacted, it will probably have some long-term impact in their purchasing decisions. But for the 329,925,000 other Americans, many of whom have a long history and belief in Southwest’s reputation for custo

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