doughishere
-
Posts
1,190 -
Joined
-
Last visited
Content Type
Profiles
Forums
Events
Posts posted by doughishere
-
-
screwing around on twitter. im pretty good at that.
-
i voted clueless douche. that is all i have to add to this topic.
-
Anyone else notice that Trump is going to start pushing infrastructure soon? https://www.cnbc.com/2017/12/07/trump-will-start-infrastructure-push-in-january-white-house-officials-say.html
Observers expect a proposal involving $200 billion in federal spending that is designed to spur as much as $800 billion in state, local and private sector spending.I continue to think that monetizing the warrants will be one of the ways that they pay for the infrastructure plan.
how many are there roughly?
-
thanks, Emily. I agree with your level of suspicion regarding this bill. the joe light article could have been a decoy.
the Congress is running for re-election before trump. if mnuchin supports this bill, well then that's that. if he does not because he'll tie his own hands, then we'll have to see if either a) congress can get a veto proof majority on the matter or b) the congressional Repubs want to fight on this by holding up taxes or the short term spending bills.
i like to imagine my joe light like were playing duck hunt and hes on the second controller.
-
Liberty,
you take multivitamins?
-
Research courtesy of the Bank of Canada. ‘Central Bank Digital Currency: Motivations and Implications’, Engert and Fung, 2017. https://www.bankofcanada.ca/2017/11/staff-discussion-paper-2017-16/
The Benchmark Central Bank Digital Currency (CBDC), Section 3.1, p 8-11 is a Bitcoin killer. It is legal tender backed by a central bank, there is no transaction charge to use it, and no charge for storing cash (security, insurance, etc.). Allow the central bank to track the owners or parties involved in CBDC transactions, and your ‘cash' can even pay you interest – as per the I-CBDC, Section 5.1, p 21-24.
Negative interest rates are no longer practical - as all an owner need do is hold CBDC, and rely on the security of the Central Bank server to prevent theft. No more paying the bank for security to hold 'your money'.
The logical next step is a World Bank issuing a global CBDC that all citizens of the world can use to transact with each other.
Hello inclusiveness, and bye-bye PayPal, ApplePay, GooglePay, etc.
Taken together, this goes a very long way to wiping out the business case for private crypto-currency. No Bitcoin, no Ether, no ICO. Worse still is that the only people who would use Bitcoin, are those who cannot stand the scrutiny of a central bank – the drug dealers, arms merchants, money launderers, dirty money, etc. And that money cannot get out of crypto – unless you or I buy crypto …. and pay in fiat.
Clearly a very, very elegant solution – akin to ‘Raid’ for cryptocurrency.
And pretty hard to see how the crypto bubble remains inflated – when this becomes the very real alternative.
What are your thoughts?
SD
how much to get in on on the ground floor?
-
-
Unrelated, there's some good stuff published with Buffett as an author:
https://fraser.stlouisfed.org/author/5564
Here are all the CFC articles archived, you can dig thru these:
https://fraser.stlouisfed.org/title/1339
that Financial Crisis Inquiry Commission interview is one of my favorites. theres some website with like heads of banks and others just like buffett that is really interesting to listen to...better than any article....the burry one is good and the eisman one just to name a few more....jamie diamonds is interesting.
-
always exceptional posts...brooklyn always has a new way of thinking of something or a different perspective.
-
I’m totally thankful for all here & on FinTwit who’ve taught me a ton of cool stuff pertaining to finance & personal philosophy.
second that.
-
Joe LightVerified account @joelight 2m2 minutes ago
Mnuchin at the Economic Club of New York today said Fannie-Freddie reform will be a "big priority for next year." Says it will also look at FHA and Ginnie Mae. Says he has not considered stopping the GSEs' dividends and expects GSE reform to be done on a bipartisan basis
Bad news without a doubt. No capital buffer unless Watt decides to withhold and increase liquidation preference. Heck, no administrative-only reform at all given that the executive branch isn't bipartisan. Seems to me like Mnuchin is saying that he isn't going to do anything at all until Congress passes something forcing him to.
Awww....baby jesus mnuchin isnt going to get to it this year....so sad. I hope that college fund can wait. well as cubs fans use to say "hey, maybe next year". even they eventually got one.
-
oops!
"devops199 said they were a newbie to the crypto-currency system, and had created a multi-signature wallet in a way the software did not expect. When devops199 tried to delete the buggy money pouch, it bafflingly locked down all multi-signature Parity wallets created after the last software update"
"Gavin Woods, admitted today that a user calling themselves devops199 had "accidentally" triggered a bug in its multi-signature wallets that hold Ethereum coins. As a result, wallets created after July 20 are now locked down and inaccessible, quite possibly permanently, thus nuking $90m of Woods' own savings."
Paper wallets are still the safest. I'd never hold millions of dollars in a software wallet. This wasn't even malicious hacking by some super genius, just a software bug triggered accidently by a newbie.
dont worry theyre still learning
-
Look shareholders lost in court so SCOTUS is last hope. If denied cert why on Earth would they give shareholders anything? Sure we won a tiny claims damage that Lamberth will award .01 cents as damages and be done with it. Berk punted to SCOTUS before discovery was finished... there's no smoking gun in the documents.
I keep feeling the need to point out that shareholders won in part and lost in part, which goes against the statement that SCOTUS represents shareholders' last hope. (Also, Jacob & Hindes, etc. that cherzeca pointed out.) Whether the claim for breach of contract will end up being large or small can be debated, but it's mildly important to keep the facts straight here.
Also, the case that Fairholme appealed to SCOTUS was in the U.S. Court of Appeals for the D.C. Circuit dealing with the Administrative Procedures Act. It is wholly separate from the case that is being tried before Judge Sweeney's court in the U.S. Court of Federal Claims under a Takings Claim, so it doesn't really matter that discovery is ongoing in the U.S. Court of Federal Claims while Berkowitz et. al. petition for cert based on the APA claims.
can we just go back to trashing corker...that was more fun.
-
https://charlierose.com/videos/31079
Friday 10/20/2017
A conversation about bitcoin, blockchain technology, and the future of digital currency, featuring Catherine Wood, C.E.O. and C.I.O. of Ark Investment Management; Paul Vigna, a reporter for The Wall Street Journal; and Lily Katz, a reporter at Bloomberg News.
-
grants just had a podcast on this
-
"the man of mighty days, and equal to the days"
-
if i had a time machine kinda to ( and say nothing harms you or you get to kinda invisible float around and be privy to things) ....i would like to spend some time on the western front of ww1, the second spot would be the US civil war but probably mostly with Grant and Lincoln and how those two went about the war period.
-
US Grant is top 5 historical persons for me. I did not know there was a new book. Thanks!
Highly suggest
http://www.granthomepage.com/grantfacts.htm
General Eisenhower had a long interview with Walter Cronkite on the beaches of Normandy on the 20th anniversary of D-Day. He said then:
I think Ulysses S. Grant is vastly underrated as a man and as a general. I know people think this and that about his drinking habits, which I think have been exaggerated way out of line. The fact is, he never demanded more men or material from the war department, he took over an army that had a long history of retreating and losing. That army had no confidence in their fighting ability and Grant came in as a real outsider. He had so many disadvantages going into the 1864 campaign, now 100 years ago. But he met every test and rose to the occasion unlike I’ve ever seen in American history. He was a very tough yet very fair man and a great soldier. He’s not been given his due.” -
Corker and Trump really going at it this morning. #bullish
this escalated quickly. Corker's comments crossed the line this week and so a response was certainly incoming. but this is not repairable at this point and corker will likely become popular with the press.
trump cant seem to keep too many friends around
-
Corker and Trump really going at it this morning. #bullish
-
are other municipalities having budget problems like chicago is?......the story is that high taxes coupled with the crime is driving people out of the state.....and even the state is having issues.
lots of my friends have left for california...i chose colorado.
-
malcom gladwell's podcast is what i listen to if i want to fall asleep
-
Here is Warren Buffett’s first tax return, filed at age 14
http://www.pbs.org/newshour/updates/warren-buffetts-first-tax-return-filed-age-14/
I hope he release his tax records after his death...could be an amazing case study.
-
Buffett's Berkshire Hathaway studied this stock for three years before buying in
Buffett/Berkshire - general news
in Berkshire Hathaway
Posted
i was talking to my father over thanksgiving...and ive own some brk for a while now, since maybe 2010-2011ish....anyways i was taking to my dad about it and as we were talking i saw him come to the realization that he missed out on most of it while hes been alive...one of the most aqkward momemts with my father when he said basically "man i could have owned just that over my life"...i basically just said "yah."
you could see his face change as he said it...and that basically ended the converation.