Gamecock-YT

Stress tests have always been a joke. The only one that’s ever had any teeth was the covid re-run in the beginning of the pandemic. They are a check the box exercise at this point. The internal scenarios the banks run are incredibly more punitive and a lot more dynamic to market conditions. The Fed is always fighting the last crisis, that extends to stress testing as well.

Sorry honey I spent this month's student loan bill on zero dated options.

American tried suing the people they sold their unlimited flights to. Agree with #3 and 4 of his tips. #2 will usually cause more problems than it is worth. Standbys get those seats. Guess if you are good at making lame excuses.

it's mergent archives. I don't have access to the database any longer. Best bet is try a public or college library for access.

Might be coincidence but I’ve seen 3 sub hunter planes leaving Iceland this morning. Have a good guess where they are heading….

beauty of leaving the finance industry and the day-to-day coming and goings is you realize so so SOOOO much of news is just idle banter in order to fill a broadcast, newspaper, etc. it’s all noise. much better to be in your own thoughts and stick to your little niches. Then just wait. im currently waiting while on a cruise going through the Norwegian fjords. Logged on to my brokerage account once in the past 7-8 days? someone let me know when the market blows up.

Just an average day air quality wise in Southeast Asia

Being able to do what you want, when you want, how you want. And the price of that depends on where you are choosing to do it at. First world that figure is a lot higher than going to the second or third world. Also depends if you want lifestyle signaling/keeping up with the Joneses. To each their own.

On a ship that has 10 channels, one of which is CNBC, every time I flip it on they’re talking AI. Guess it’s like when bitcoin/SPACs/EVs hype took off. Don’t know why people even watch that shit.

Bring some eyeshades if you are going in the summer. Between the jet lag and the sun only setting for a couple of hours, sleep comes at a premium. I'm heading to Norway next week myself.

Think that's the treasury direct/retail rate that you have circled

Depends what the Japanese do about their interest rates. Lots of 2nd and 3rd level effects if they start hiking from japanese repatriating their money into yen, managing their higher interest payments, and their horrible demographics. Could see private equity having a field day if they keep yield curve control in place.

The time out market lisboa is great. I ate there multiple times during my time there.

2 things that stood out to me was he was kind of hinting at the oil being an inflation hedge and he thought that the SPR was being used as a political tool instead of its intended use

quit propping your kids up to ask questions. it's cute the first time, not so the 7th time

Funny story on those investments by money center banks: The financial institution I worked at during the time these investments were being done made an investment in a bank not realizing that it traded OTC, so instead of holding the investment at cost like the rest of the banks that were privately held, this one should have been marked to market. The price the purchase was done at compared to what it was trading over the counter would have resulted in an immediate ~15% loss on the investment. Needless to say the decision was made by the higher ups not to mark the investment at market.

This is a bit dated but when I was going down the rabbit hole yesterday was as relevant as I could get:

https://www.bloomberg.com/news/articles/2023-04-10/canada-s-lenient-banks-are-helping-put-a-floor-under-home-prices Don't see this ending well.

You know it's interesting being on the other side of the world since the beginning of the year, and being out of the country for most of the past 18 months, that the news cycle is different when you're either at the very beginning of trends before they take off or they're already 12 hours in the past and people have already started moving on to the next 'item'. But it's funny you guys keep talking about protecting kids but everyone is glossing over that not even 3 weeks ago, 3 kids and 3 adults were shot at school. Then what, not even a week ago someone shot up an office in Louisville? Another 6 people murdered. We're not even a year from the Uvalde school shooting where 19 kids were murdered. But the narrative is/was never how about fixing/solving that, it's devolved into politicians getting kicked out of the state government and this weird bud light/transgender story that's triggering people. But it sure seems like you guys are eating it up. It all gives the appearance of smoke and mirrors to blind you from what's happening in front of your face. It's gotten to the point I might not come back to live in the US. As a quasi-outsider it borders on insanity watching what is going on.

We probably crossed paths. I've been here for around a month. Kyoto was the most crowded I've ever seen it, was almost not enjoyable. I'm up north now and away from the tourist hoards. Granted not much english being spoken but make due. Glad you had a good time, it's my favorite country in the world.

let me tell you, referencing the nuclear bomb while in japan goes over swimmingly.

Honestly there hasn't really been much. He hasn't wanted to answer a lot of questions and Becky hasn't really held him or got him to clarify the answers to the questions that were being asked.

Gerrymandering combined with politics becoming a team sport. All the actors clinging to power have to toe the line or they risk being primaried. Leads to a fly wheel of political polarization.

What was the end game of housing in 07/08? It gets cheap enough that someone buys it and sits on it until the trend turns and companies start wanting CRE again. I think back to Dan Gilbert buying a bunch of buildings in downtown Detroit after the GFC, eventually it was revitalized and became a trendy place to be. As always, it's just about getting the timing right. But talking about residential conversions, if things get bad enough then I think you'll see the feds and local governments incentivizing conversions. Same as it ever was.

Must be really needing to hype up this bond issuance