retube

19 ms·

151.
by retube 5y ago
No one _knew_ what the outcome would be (how could they have done?). Hedge funds routinely risk capital to bet on outcomes of events like this based on their own research (it's what they do); some would have got it right, some not. The
152.
by retube 5y ago
In what way? Brexit has generally been extremely costly for london finance - having to establish and capitalise EU entities, loss of regulatory equivalence etc. There was more provision for fishing (<0.1% GDP) in the brexit agreement tha
153.
by retube 5y ago
Housing costs is interesting (no pun intended) - does that include mortgage costs? with interest rates at near record lows I'd have expected housing costs to have come down.
154.
by retube 5y ago
Clearly you have never been to Oxford, Bath, York, Edinburgh, Lake District, Cornwall etc etc which are teeming with visitors from the US, China, Japan and many other countries during the summer...
155.
by retube 5y ago
> And crypto gives the entire world that great experience, without needing a bank or a government ha ha keep drinking the kool aid: - crypto is difficult to use (really, no one wants the hassle of managing private keys) - transactions ar
156.
by retube 5y ago
If the asset he has bought is now cheaper, then yes he is "underwater" (i.e he has lost money on a mark-to-market basis - if he was to close out he would crystallize a loss)
157.
by retube 5y ago
No. It's Welsh
158.
by retube 5y ago
Absolutely. And actually I think is the major flaw in his argument - NFTs effectively allow you to buy a real birkin for the price of a fake!! And that WILL be exploited, probably heavily.
159.
by retube 5y ago
amazing how everything gets rediscovered :)
160.
by retube 5y ago
That's just the image search. OK maybe a bit weird, but the normal search returns results, including of the famous pic / incident
161.
Someone in the S21 batch having a tough time(reddit.com)
33 points by retube 5y ago|1 comments
162.
by retube 5y ago
Here is a very interesting perspective from a guy called Andersen Cheng who developed an encrypted messaging app - before removing it from the public domain given its adoption by Islamic State: https://www.ft.com/content&#x2
163.
by retube 6y ago
> today hardly anyone believes apps are the future. oh really? what are people thinking the alternative is?
164.
by retube 6y ago
Yeah I disagree with his assertion that blockchain accuracy extends to NFTs or house ownership. Whilst the former is true in a very limited sense, there's nothing to stop you minting multiple NFTs relating to the same item. On the form
165.
by retube 6y ago
Got a courtesy call from BMW the other day to let me know my brake fluid needed changing and would I like an appointment made at my nearest garage? I get that there are privacy concerns, but also that's pretty cool. It also has GPS and
166.
by retube 6y ago
Have a Google on this. Its broadly accepted that stimulus measures are driving the inflation we've seen in risk asset prices over the last 12 months. This extends to retail as well. E.g there was even some research on RobinHood which s
167.
by retube 6y ago
This sounds like a relatively neat idea to capture CO2 for resale, but I can't see this will have any meaningful impact on the global levels of CO2 in the atmosphere.
168.
by retube 6y ago
Indeed. Filter suggests removing something. This is clearly adding something.
169.
by retube 6y ago
Re outages, it is not about the blockchain itself necessarily, but all the services and systems that interface with it. Errors occur because humans are humans and fat finger trade details. That aside, as I mentioned in original comment, ins
170.
by retube 6y ago
With respect i disagree. T+2 is not because of technological limitations of traditional databases or trust issues. Instantaneous settlement is possible (for example in the UK we have instantaneous inter-bank transfers), but it is not desire
171.
by retube 6y ago
Cash equities settlement is t+2, as are most transactions in financial markets. This is just how the underlying plumbing of the markets work, nothing to do with robinhood. You have the illusion of instant trading, but under the hood there&#
172.
by retube 6y ago
I know there's a lot of conspiracy around wall st screwing over the little guy here, I suspect the truth is more mundane. When the music stops a LOT of people will be left holding the bag and will lose a great deal of money. There are
173.
by retube 6y ago
I watched one of his films. can't remember what. super disappointed. huge conspiracy claims that sort of sounded clever/insightful, but actually totally empty with zero evidence.
174.
by retube 6y ago
Firstly, a swap is generally traded "on market", i.e at nil market value (the value of the two legs in the swap are the same), so his bank would never have been a billion at risk. Secondly, banks have unbelievably onerous KYC proc
175.
by retube 6y ago
They're not being investigated for shorting the market, which as you say is routine. They're being investigated for possible market manipulation, given they were one of the biggest beneficiaries of an extreme price event in the oi
176.
by retube 6y ago
A futures "buy" is not an actual buy. Its an agreement to buy at some agreed price at some point in the future. So they entered into agreements to sell during the day, then effectively covered that commitment by entering into agre
177.
by retube 6y ago
their view was the price was going to drop during the day. so they entered into contracts to buy oil at the end of the day, at whatever the prevailing price was. Now they are long oil. During the day they sell oil futures, flattening their
178.
by retube 6y ago
That's not true at all. the big institutions are routinely investigated for this kind of stuff. Barclays and DB for example have had huge fines for various issues in the fx and interest rate markets. And besides, the majority (if not a
179.
by retube 6y ago
whilst luck plays its part, this is the reward for taking risk (a lot of risk). and without the possibility of reward for risk taking, there'd be no incentive to invest in anything.
180.
by retube 6y ago
Goldman sachs employ 30,000 people across dozens of separate business units and have a balance sheet of nearly a trillion dollars. And a vast chunk of their income is net interest income and advisory fees. It's in no way comparable.

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