khuey

21 ms·

421.
by khuey 3y ago
https://www.nasa.gov/centers/armstrong/news/FactSheets/FS-01... suggests that the SR-71 produces a relatively small sonic boom at high altitude.
422.
by khuey 3y ago
The S&P 500 as a whole is trading at a P/E of 24. If there are any delusions about equity valuations they're not specific to Google.
423.
by khuey 3y ago
Alphabet trades at a P/E of 27, hardly delusional.
424.
by khuey 3y ago
You are misinterpreting the title. "The average age in the US is 38" doesn't mean everyone lives to be 38 on average.
425.
by khuey 4y ago
Because Uber doesn't have a time machine?
426.
by khuey 4y ago
How quickly do you need to be able to access this money in the future? If immediately, put it in high yield savings accounts. If you can tolerate a bit of a delay then a CD ladder or a ladder of treasuries is the way to go. If you're u
427.
by khuey 4y ago
I hope he's right!
428.
by khuey 4y ago
If you're already deeply in the Apple financial ecosystem perhaps it makes sense but if you're just chasing yield there are better options out there. SoFi will pay you 4.2%, and there are lesser known banks above that. Treasury mo
429.
by khuey 4y ago
Yeah the particular one I was looking at was 912810SP4, a 30 year treasury with a 1.375% coupon. It was issued in August 2020 at a price of $99.24 for $100 of par, and it now trades just under $59.
430.
by khuey 4y ago
A reminder that "technical debt" doesn't just apply to software, I guess.
431.
by khuey 4y ago
Yes, they're trading well under par because they're very long duration bonds and interest rates have moved against them, not because of credit risk. What Levine points out in the linked piece is that per the terms of these CDSes i
432.
by khuey 4y ago
This is an extremely relevant Matt Levine piece. He gives an example of long-dated treasuries trading at 83 cents on the dollar. Today long-dated treasuries issued during COVID are trading well into the 50ies.
433.
by khuey 4y ago
The CEO of Mozilla, for comparison, receives an order of magnitude more compensation.
434.
by khuey 4y ago
Is Ariane 6 long-term infrastructure? Unless I missed something it's still a totally expendable launch system. That doesn't seem like it's viable in the long term.
435.
by khuey 4y ago
The question here is if the buyer is in Fresno and Apple's warehouse is in say Tracy then which counties and cities should be able to apply their sale taxes to the transaction.
436.
by khuey 4y ago
It really doesn't. The front in eastern Ukraine has been shelled into oblivion at this point and it hasn't made it easy for Russia to advance.
437.
by khuey 4y ago
Nuclear weapons can't take and hold territory.
438.
by khuey 4y ago
The smart view of that is that regardless of whatever ridiculous arguments for Russian imperialism people want to engage in Russia is not physically capable of conquering the Baltic states.
439.
by khuey 4y ago
He had a green card.
440.
by khuey 4y ago
AFAIK, the Fed has agreed to lend banks cash on a short-term basis against their devalued (hardly worthless) bonds at par. If you have a source for the Fed agreeing to buy bonds I'd be very interested to read it, because AFAIK the Fe
441.
by khuey 4y ago
There was also a flight to quality that pushed down t-bill (especially the 4 week) yields.
442.
by khuey 4y ago
It's known that the United States provided secret aid to the French nuclear weapons program (seemingly) without actually delivering France a bomb. Seems unlikely that they would have gone further with another country.
443.
by khuey 4y ago
Were they guarded by authorization codes in 1961 when that incident happened? Kennedy's executive order to install PALs on nuclear weapons just in Europe was in 1962. The early days of nuclear weapons were the wild west.
444.
by khuey 4y ago
If Schwab is paying 0.45% and putting the cash in the money market at 4.5% they're pocketing 4%. If their clients go buy the equivalent Schwab money market fund Schwab just gets a few basis points in management fees.
445.
by khuey 4y ago
A "money market" account means the money is invested in extremely short term government or corporate bonds. SVB probably wasn't paying that 4.5%, they were just passing through what the market is paying for money market funds
446.
by khuey 4y ago
It's worth remembering that not every "bailout" wipes out equity holders. Citigroup and AIG were both bailed out during the financial crisis and their equity survived (although with heavy losses).
447.
by khuey 4y ago
Yeah I don't see why SVB couldn't have just rolled billions in short term T-bills instead.
448.
by khuey 4y ago
In SVB's case I believe they are mostly mortgage backed securities (ironic, eh) rather than treasuries but yes. I wonder if this will spur any reflection on the accounting rules for HTM securities.
449.
by khuey 4y ago
This 60 minutes segment from the Great Recession is the closest thing I know of to that. https://www.youtube.com/watch?v=TAE8i40A5uI
450.
FDIC Takes over Silicon Valley Bank(fdic.gov)
3172 points by khuey 4y ago|1576 comments

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