kasey_junk

4 ms·

31.
by kasey_junk 1mo ago
But have you biked on lower lower wacker?
32.
by kasey_junk 1mo ago
You know _traders_ who came from wealthy backgrounds? That's a completely incongruous outcome in my experience. At least in the markets I'm aware of from my career (commodities and fx) the trading component has effectively alway
33.
by kasey_junk 1mo ago
By the time of the Suez incident the uk hadn’t been the dominant global economy for going on 70 years. The second Boer war is probably a better example of shocking poor outcome for their empire by that timeline. Queen Victoria was still ali
34.
by kasey_junk 1mo ago
It’s going to paying for an aging demographic and medical care. The same as literally every western country. Which is why I don’t view this as a particularly American issue. America is doing a bad job of addressing this, but it also has mor
35.
by kasey_junk 1mo ago
Did the US lose control of the most populous part of its “empire” in the last 20 years? Did it get its population and infrastructure destroyed across 2 generations in world wars in the last 50? Has the US just come off of required rationing
36.
by kasey_junk 1mo ago
Because I don’t assume lack of agency in the rest of the world? You’ll note I put that in my original comment.
37.
by kasey_junk 1mo ago
If your suggestion is that the US might be in decline and there have been lots of signals of that going back 30 years, I’m pretty sympathetic. But if it’s specifically the Iran war fiasco compared to the Suez incident I’d suggest those aren
38.
by kasey_junk 1mo ago
Because the US does not control other countries fiscal policy which is where government debt rates come from. Germany and the UK have entirely different ways to determine fiscal and currency policy from each other, not to mention from the U
39.
by kasey_junk 1mo ago
> Then the treasury fills these orders from the lowest to highest bid. This is literally exactly wrong. Which is pretty par for the course when someone asks you if you understand how something works in the internet.
40.
by kasey_junk 1mo ago
It feels weird to focus on US debt here when the entire west is facing similar challenges (except Switzerland…) The UK bonds are the highest since the 90s and Japanese debt has never been higher. There is a fiscal problem but it’s not an _A
41.
by kasey_junk 1mo ago
India was already independent by then. That seems like it would have been a pretty strong signal.
42.
by kasey_junk 1mo ago
A bank can do this already. But it puts them in an awkward position for hedging their currency risk as they can’t be assured that they’ll be able to cover any shortfalls or invest any surpluses. I actually don’t know the ends and outs of th
43.
by kasey_junk 1mo ago
What did it mean when JP Morgan setup the first such relationship with the pboc in 2018?
44.
by kasey_junk 1mo ago
Singaporean banks have been able to do this for a year or two as well. JP Morgan clears directly as well.
45.
by kasey_junk 1mo ago
The ccp has allowed foreign banks to offer yuan services since before it existed, there isn’t an effective way for them to prevent it and it’s the basis of all that foreign trade they do. What’s new about this is that a European bank can cl
46.
by kasey_junk 1mo ago
China doesn’t broadly want a weaker dollar, at least not against the yuan. Until very recently they actively worked to strengthen the dollar in the pair. Chinese currency policy is broadly about controlling their domestic population not abo
47.
by kasey_junk 1mo ago
But basically every amaro/bitter liqueur is better for this
48.
by kasey_junk 1mo ago
Throw it in hot chocolate in the winter after doing winter stuff. Though green is my preference for that, both work.
49.
by kasey_junk 2mo ago
In Chicago at least land use and closing of schools is extremely contentious. The areas losing the most students are also the areas that have historically been underserved or down right biased against by local governments. So when it become
50.
by kasey_junk 2mo ago
I’m an extrovert and strongly prefer working remotely.
51.
by kasey_junk 2mo ago
I agree with your broader point but the chicken food safety thing is missing a ton of important nuance. The safety comes from how long you hold the meat at the temp. 165 is the safe point if you are only holding for 10s. 145 is safe if you
52.
by kasey_junk 2mo ago
You tried an actual hardware blowtorch. Thats never failed me, though these days I just finish on a ripping hot stainless steel skillet.
53.
by kasey_junk 2mo ago
https://amp.thenewstribune.com/news/local/community/gateway/...
54.
by kasey_junk 2mo ago
No but I’ve been in post mortems where ceo’s have acknowledged that a culture of reliability was needed and then they followed through with a subsequent reset of expectations around process.
55.
by kasey_junk 2mo ago
If bugs slip through it’s a process failure, same as it ever was. So everyone associated with the process is at fault. From the ceo on down.
56.
by kasey_junk 2mo ago
Usually the dominant time is from POS to acceptor. These are frequently still on high latency links. Also a lot of times in person payment flows allow a lot more in their latency budget because it won’t impact the sale, you won’t walk out b
57.
by kasey_junk 2mo ago
Through capital and currency controls, the yuan is structurally undervalued between 9 and 25% depending on your source. That’s a direct transfer from the Chinese consumer to the Chinese exporter. That’s hundreds of billions of dollars befor
58.
by kasey_junk 2mo ago
That’s why the classic investment advice is to hedge your exposure to the equities markets, do more so the closer you get to retirement and don’t put money you need in the next 7 years in equities. The bigger concern with the classic advice
59.
by kasey_junk 2mo ago
If your definition of success and failure is based on how well your country motivates the production of consumer goods, I suppose that’s true.
60.
by kasey_junk 2mo ago
Western populations do.

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