The Cranberries - Dreams (live 1994 London)

Related to what I was talking about: These Ambitious Startup Founders Aren’t Raising Venture Capital Funding, At Least For Now—But They’re Still Growing Their Companies Rapidly. Welcome To Ecosystem 2.

The real fix is for funds to not have voting rights; the voting rights should belong to whoever's money it actually is. Is there any progress on that front? Agreed. Keep in mind, even the companies they gave A ratings to are still voting for/influencing corporations towards what everyone thinks of ...

Check out this graphic. It lines up with the trickle of (mostly un-hyped) articles I'm seeing saying stuff like "the banking failures aren't over" and "this one will be worse than 2008." But then again, this doom stuff always gets me all hot and bothered. https://theirrelevantinv...

Tortoise wrote: ↑Thu May 04, 2023 2:08 pm

dualstow wrote: ↑Thu May 04, 2023 11:58 am 2060 futures
2050+ spot price (AJPM)
1PM EST

For the first time in a long while, gold is the best-performing asset YTD in the PP. It's even beating LASAGNE!

THIS PLEASES ME

It's absurd that Julian Assange is still being targeted by the US government, while the source of his information, Bradley (now Chelsea) Manning, is living free. Manning indiscriminately leaked information that had no reason to be released. A personal example; I was deployed to Afghanistan at the ti...

It seems likely that the experience of the British and the US getting knocked off the hill are going to be very different. The UK was able to send their capital to the US was because the US was a friendly ally with aligned interests, and were able to diversify internationally because the US was just...

Fun! I'd imagine that if the US "loses" reserve currency status, then you wouldn't want to have much of an allocation to international stocks. I'm thinking along the lines of Zeihan (Zeihanic lines?): The US won't be able (or want) to maintain global force projection without the reserve cu...

Birthgap

Part 1 of a documentary on collapsing birthrates (it looks like the creator is trying to release the full documentary on a streaming service). I like how he made his maps look. Like diseased cells.

Nope, not in favor of this bill. It smells like the PATRIOT Act.

But

If Tik Tok is an intelligence operation by a foreign government targeting Americans, then counter-intelligence should probably be arresting Tik Tok employees, and/or attacking its servers and shit, right?

On a recent podcast , the Animal Spirits guys talked about some new ETFs that track on the run treasuries. They just rolled out in August of last year. They do 3mo, 6mo, 1 year, 2 year, and 10 year. On the podcast he mentions that they're going to be bringing out a 30 year soon. The ER is 0.15, whic...

Thanks for the thread bump, bot! I got an air fryer recently that I've been using it to cook chicken. It's fantastic . Dredge chicken in flour, throw it in the air fryer, take it out 20 mins later perfectly done. It's a real game changer. EDIT I also started doing 6.5 hours instead of the 8 I had be...

Let's see. . . You lend $250,000 to the bank. You get virtually no return on your money and become an unsecured creditor of the bank--subordinate to shareholders and secured creditors. Sounds like a good deal to me. When I was looking at that FDIC document, it mentioned that it had increased the &q...

You should get 0 or negative rate on instantly available cash. If you want a return you should have to tie up your money for a few months, that would mitigate bank runs. Yea, that's something I've thought about for a long time. When I hear "nationalized bank" that's kind of what I picture...

First, I can't estimate a timeframe, I just think it will happen because historically it's largely been the case. Second, I don't think that saying is the correct mental model to use. "Markets can remain irrational," is to "people can believe a lie" is right, but "...longer ...

Ambitious media frauds Stephen Glass and Jayson Blair crippled the reputations of the New Republic and New York Times, respectively, by slipping years of invented news stories into their pages. Thanks to the Twitter Files, we can welcome a new member to their infamous club: Hamilton 68. If one goes...

While the FDIC was stepping in to make all depositors whole at SVB, Speaking of the FDIC rescuing the depositors... I'm no expert, but it looks like the FDIC Deposit Insurance Fund (DIF) had $128.2 billion as of Dec 2022 . That was 1.27% of insured deposits. If you were expecting to rescue up to th...

Mark Leavy wrote: ↑Sun Mar 12, 2023 5:33 pm Major Kudos to the treasury department intern that used the leet URL.

That was a good Noticing.

Ok, but is this enough for the Fed to stop raising rates, or do they need to keep going?

I liked Ben Carlson's thoughts: the Fed needs to keep raising the interest rate until they cause a recession, then they'll be able to lower the interest rate to save us from the recession

Mark Leavy wrote: ↑Sat Mar 11, 2023 1:35 am Latest Southpark Episode. Featuring ChatGPT.

I LOL'd.

But also, does ChatGPT have good game? Might need to explore that angle...

In one of those coincidences that seem to happen all the time when you read a lot, it's fitting that evidence that Jacob Chansley (among others) was unjustly imprisoned has been exposed now. I'm reading Tuchman's excellent The Proud Tower (A portrait of the world before the War: 1890-1914). So far i...

A concern is the starting of a new weapons race, where nukes are old-hat. Simple vertical launch missiles that inject a deadly virus into the jet stream that traverses the world to end all life as we know it. Assured mutual destruction, but where the proliferation is more inclined to see accidents....

Then again, she's in her 90s.

I've also been trading out chunks of the index for individual companies. I base things loosely on Joel Greenblatt's Magic Formula (such a cheesy name: it's a value screen) method as a starting point, mostly to screen the SP500. It's been educational and interesting (and fun) to read through corporat...

Also of concern are vanguard and blackrock having your voting rights. And what about when the Fed buys stocks like the BOJ does. As a major shareholder, they can force Walmart et al to verify annual vax status etc I could see a future where people who start companies don't incporporate, just so tha...