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Yeah, my Euribor mortgage is up too. People say that Portuguese don't like fixed-rate mortgages, which is crap. Because when I finalized my purchase last year, I looked for one and nobody was offering. Anyway, if your principal keeps shrinking I'd presume it's because you're paying it off --...

Yeah, I read that. [emoji24] Talk about a totally fabricated plant of a story that distracts from addressing the actual root causes. I don't know if Tucker made it up. More likely someone played fast and loose mojo with a Claremont Institute database that conflated "COVID-19 relief" with BLM...

But using operating capital to cover for customer accounts sounds highly illegal.

I'm not sure I'm properly connecting the donations a bank makes to what it invests its customer holdings in. Chase probably donates to the Westboro Baptist Church in some direct or indirect way. But how does that have any bearing on customer accounts? I don't see the connection. That's like...

Yes, it would. And there's no reason you should do that. But dumping $1B in a bank account so they could go long on T-bills without an interest rate hedge is financial malpractice. Acting CFOs of all these startups should have their heads roll, let alone the clowns at SVB. Silicon Valley pisses...

The moment I learned that some 95% of the financial markets are based purely on leverage and not actual business transactions, the con alarms went off.

Yes, there are dependencies. And perhaps there need to be more questions about banks holding zero reserves since Covid. But the CEO telling everyone “don’t panic” during a bank rush was a complete own goal. And SVB was over-indexed on startup tech. By Monday the assets will be sold off to a...

Meh. I rate it a nothingburger. This reads entirely like an over-optimized bank with insufficient asset and customer diversification to withstand niche industry-specific economic risks. Deal only with risky startups, collect their VC cash, and put it all in mortgage-backed securities. This is...

Fokking Messi jerseys. So many people are clueless that asking questions about future novelties of an AI/ML is like asking Mark Zuckerberg for dating advice. It's the computing equivalent of someone sticking their tongue in an electrical socket. I would like to see Cathy go full-bore goblin...

Except in Angelina Jolie's pants. Well, circa 1988.

Well, I live in Europe. Almost none of the apartments here have heat, let alone air conditioning.

I've got yer European natural gas right here :pado:

Hogs get slaughtered

Weird times, yo. I still can't take gold diggers seriously though. Still feels like investing in tulips.

Should we have closed this thread a few months ago and reopened a new one with the subtitle of "Electric Boogaloo"?

Every time I hear investors talk about gold, this image comes into my head: Like I was looking around my apartment this morning, and you know? I realized there was just a lot of gold that was missing. In fact, I'd toss out my laptop, a car, an apartment, my collection of wine all for a bit of...

I love the economic thinking and modeling of Simon Wardley ... he had an interesting summary recently about "the market" vs "the people" from a couple weeks ago: Emphasis mine:

Highly relevant to this post I just made: https://www.juventuz.com/threads/coronavirus-covid-19-outbreak.44264/post-6127247

:lol: This stuff has gotten to be like Tribal Football rumors about transfers.

:heart::heart::heart::sheik::sheik::sheik::tuttosport::tuttosport::tuttosport: