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...

Save Ferris - Come On Eileen (orig. Dexys Midnight Runners)

They appropriated the ballads of my people, but it's good.

I've found that the forum is much more usable if you leave Vinny on ignore.

Well, I'm delighted that you've changed your mind since December! Remember to write your congressman

But would you agree, stuper that they have made up their own minds to fight? They are not automatons who are continuing to fight because we're giving them weaponry. (Yes, I do recall previous notes from Silent Majority about the U.S. meddling with Ukraine's gov't. I acknowledge those). Rather, they...

If you accept the trope that history is written by the winners, you could look at wokism/leftism as losers attempting to write history. In boglerdude's quote, by the losers in a high school. Elsewhere in society by MeToo feminists, mask- and injection-Nazis, the diversity industry... Along the lines...

Plus, at the macro level, distributing the battery material needed to go 300 miles among 10 PHEVs, where the full battery is utilized every day when the car drives 30 miles round trip to work and back most of the time, instead of one vehicle that rarely utilizes the full capabilities of the battery...

Steph Curry again.

I'm leaning more towards Pointedstick's POV on the fully electric house with solar panels, especially in the "prepper" aspect. I don't know if it makes sense everywhere, but in the Southwest, where the sun shines constantly, it just seems like such a good deal. Combine it with a wood burni...

There was an AOM podcast on sleep last year where the guy basically says to forget about setting bedtimes, just wake up at the same time every day. So what I've been doing is setting an alarm every day, and if I'm not asleep in time to get 7.5+, I'll stay awake long enough to make it a <6 hour slee...

This is a great find dualstow, thanks. I LOL'd at this part, "Lack of sleep is such a potent trigger for mania that acute sleep deprivation is literally used to treat depression. [/u]" I've been experimenting with something like this for a few months now, bouncing between <6 hours and 7.5-...

The author says that "never before has this portfolio behaved so badly" than 2022, and then just says "use options and bitcoin/eth" to make it not behave so badly? BTC/ETH got slaughtered in 2022.

Back in the day, Age of Kings was the go-to game. The best RTS I've ever played. I've never played Starcraft, but since it's still alive and kicking, I'd imagine it's probably the greatest.