@BickerinBrattle@elonmusk I mean at what price he would be willing to sell his shares. How much one would have to pay for a successful hostile takeover.
@DanNeidle Short term probably VAT. Medium/long term and more lasting, probably corporation tax. I would go for the latter, plus remove all the silly tapering of allowances to avoid distortions.
@6_Figure_Invest Zero or positive spot-vol correlation is not typical for indices, particularly SPX, but it's not a first, it has happened several times before. A bit surprising that it caused so much damage.
@RooBear4@Thesecretinves2@saylor If your broker does their job correctly (filing a form with the IRS after the company confirms the ROC status) this withholding will be refunded in the beginning of next year.
@Thesecretinves2 @saylor If investing via a limited company, the default treatment of dividends as ordinary and not ROC is better, as dividends are tax free. Also, the US treatment as ROC means no withholding tax from the IRS (which would be irrevocably lost), so it's the best of both worlds.
I'm old enough to remember a Bloomberg event for oil market outlook (less than a month ago!), where consensus was expecting average Brent crude prices for the year around $60.
Even the answer options were bearish biased, with only one answer for >$65.
How things change!
HOW OIL COULD SURGE TO $200 AND BEYOND
@tracyalloway and I talk with @Rory_Johnston -- typically one of the least-alarmist people in oil -- about how the longer the Straight of Hormuz is shut, the greater the likelihood of an almost unimaginable disaster https://t.co/Qk7q5PZpk9
@matt_levine Great as always Matt. One comment on binary options: if they replace 0dte options, they will increase volatility around the unchanged mark but reduce it for large moves, as once the market is confirmed up or down, the MM hedging is done so no more market impact.
@rcolvile There's an easy solution: set face value at £1m per ticket with a 99%+ discount for online purchases. Supply and demand continue to decide p* with a cap at £1m.
@Councillorsuzie@TfL It's an admission of defeat but tbh it's much better than people going through the barriers anyway and causing delays to fare paying customers in the process.
Headline about Google to invest 5bn caught my attention, as 5bn is rounding error for megacap companies AI investment these days. Hadn't noticed the £ sign upfront and the full headline (... in UK). Now it makes sense, although still sad that £5bn investment for UK is newsworthy.
@tc1415 The broader point is correct, but the particular swap advocated here wouldn't have made a difference. Long dated index linked gilts were trading at negative yields at the time and have moved more or less in sync with nominal gilts since then.