Search found 1165 matches

by Tortoise
Tue Oct 15, 2019 6:39 pm
Forum: Cash
Topic: Cracks emerging in money markets?
Replies: 50
Views: 1959

Re: Cracks emerging in money markets?

Sounds like a de facto standing repo facility, which the Fed proposed earlier this year.

If so, maybe at some point they'll just "make it official" and replace their current ad hoc repo market interventions with a standing repo facility.
by Tortoise
Mon Oct 14, 2019 3:15 pm
Forum: Other Discussions
Topic: Did you see Joker? What did you think of it?
Replies: 1
Views: 115

Re: Did you see Joker? What did you think of it?

I saw it last week and thought it was an outstanding film.

Great character development, interesting symbolism and metaphors, and an amazing performance by Joaquin Phoenix.

I also felt that it wasn't too overtly preachy politically, which is rare in movies these days.
by Tortoise
Tue Oct 08, 2019 1:39 am
Forum: Cash
Topic: Auto-rolling T-bills at Vanguard
Replies: 7
Views: 4686

Re: Auto-rolling T-bills at Vanguard

Not to my knowledge.
by Tortoise
Mon Oct 07, 2019 6:45 pm
Forum: Permanent Portfolio Discussion
Topic: Gold / Stock / Bonds at highs or near highs?
Replies: 65
Views: 2944

Re: Gold / Stock / Bonds at highs or near highs?

Trying to market-time one's transition into the PP is like deciding to go on one last bender before finally going sober.
by Tortoise
Fri Oct 04, 2019 12:48 pm
Forum: Bonds
Topic: 10 Year Treasury in ETFs
Replies: 13
Views: 341

Re: 10 Year Treasury in ETFs

You would weight the maturities. The "10-year" in "10-year Treasury" means the bond matures in 10 years.
by Tortoise
Tue Oct 01, 2019 1:53 pm
Forum: Other Discussions
Topic: Figuring Out Religion
Replies: 4355
Views: 447334

Re: Figuring Out Religion

Kriegsspiel wrote:
Mon Sep 30, 2019 8:26 pm
Jesus was a winer, but this guy ales.
Alcoholic fermentation produces CO2 gas as a byproduct, so this guy also burps -- a lot.
by Tortoise
Fri Sep 27, 2019 12:51 pm
Forum: Other Discussions
Topic: What if the unicorns die off?
Replies: 13
Views: 551

Re: What if the unicorns die off?

Tortoise, any data to indicate that the #of drunk driver incidents has dropped since Uber came on the scene? If that's true, it would be a great plug for them. The data seem to be mixed. From what I can tell, there's not yet a lot of evidence that Uber and Lyft have noticeably reduced drunk driving...
by Tortoise
Wed Sep 25, 2019 12:59 pm
Forum: Permanent Portfolio Discussion
Topic: Gold / Stock / Bonds at highs or near highs?
Replies: 65
Views: 2944

Re: Gold / Stock / Bonds at highs or near highs?

Nasty day today for gold and long term treasuries....this is what scares me about the way they seem to be joined at the hip...the supposed yin and yang can be quite powerful and nasty when things that are supposedly uncorrelated stay bedfellows Does anyone here know if an analysis has been done of ...
by Tortoise
Wed Sep 25, 2019 12:23 pm
Forum: Other Discussions
Topic: What if the unicorns die off?
Replies: 13
Views: 551

Re: What if the unicorns die off?

If Uber and Lyft were to go out of business, I'm pretty sure the number of drunk drivers on the road would increase noticeably. For drunk people whose judgment is impaired, I suspect the main benefit of Uber and Lyft over taxis isn't that they're cheaper; it's that their apps are so much more conven...
by Tortoise
Mon Sep 23, 2019 5:29 pm
Forum: Cash
Topic: Cracks emerging in money markets?
Replies: 50
Views: 1959

Re: Cracks emerging in money markets?

I still don’t quite understand. Has the Fed been injecting billions of dollars into the repo market each day (e.g., giving it to the banks like “free money”), or has it simply been lending that money to the banks at below-market interest rates? If the repo lending rates spiked this past week because...
by Tortoise
Mon Sep 23, 2019 2:07 pm
Forum: Gold
Topic: Safe Deposit Boxes Aren’t Safe
Replies: 19
Views: 2238

Re: Safe Deposit Boxes Aren’t Safe

Okay, that's what I thought. Seems completely unenforceable unless the bank breaks into your box, which they wouldn't do without a really specific reason. It's not like they'd be systematically breaking into all of the customers' boxes, or randomly breaking into certain boxes just to keep the custom...