Dave? ... he’s a little ’special’ if u know what I mean? But he tries hard and his heart’s in the right place. Been known to overthink things at times.
What happened today is a dark moment in our history. One bright spot in this madness that I see are the many lawyers and advocates across the country who spent their Saturday fighting like hell to preserve justice in the face of horrific cruelty.
And we will keep fighting ✊
You know that scene in The Big Short, when after the collapse there's a distinct vibe of "man that was so obvious, how were people so impossibly stupid?"
If you are loaning money to the Federal Government (ie if you own government bonds), the *only* reason you should feel comfortable holding them, is because you believe you can sell them to someone else easily. This is the definition of the greater fool theory, and you are hoping, assuming, that there is a greater fool than you.
The math is impossible.
It’s difficult to convey the mindset of depression to people that have not experienced it. For me, this is a powerful depiction of what it feels like to be seriously depressed….
ChatGPT is overhyped.
That's what I told myself after 2 weeks of trying (and failing) to use it well.
Turns out, I was just a poor prompt writer.
But after spending hundreds of hours tinkering, I've finally cracked it.
And now, it's my personal writing assistant.
Here's how:
Bc all debt is denominated in USD and then hedged via swap…when it comes time to unwind there should be a mad rush for USD (a proverbial “run” on USD)…that’s why BIS would care it’s a settlement/liquidity problem…Fed knows this and has already front run the issue by setting up