@LPDonovan Decimated is actually 1/10 not 9/10
Roman generals would punish an army that retreated with a decimation. men in groups of 10 drew stones with one being black. Whomever drew it was killed by the others. This was done to make sure troops feared their generals more than the enemy
@jason_mcgruder @JamesSurowiecki Correct. If you invest in long term bonds its easy to hedge through simple interest rate options and fixed rate term funding. They had zero balances sheet hedges against the $100 Billion in bonds they purchased. ZERO. It’s like buying a house, not insuring it…then it burns down
@realEstateTrent Many banks across the country have access to products that spilt the deposits up for you (into increments below $250k) and can insure up to $150 million per client.
@BillSimmons Kahwi / @Raptors sober trade history. Spurs won the Kahwi trade and ended up with:
@imthe_truth32 + 2 Firsts + 4 seconds and had an All-Star @DeMar_DeRozan for 3 years. (Toronto obviously also won the LOB so they didn’t lose the trade)
The Mandarin Oriental in deep blue Columbus Circle might seem like a strange place to meet Trump supporters. But over the chatter of trust fund kids discussing perception boxes, you can hear whispers that Biden is the reason a coffee costs $14.