You're conflating micro and macro price movements. Sure, you can't predict black swan events with technical analysis, but it wouldn't be out of the question to predict short term fluctuations based on a mixture of market psychology and herd thinking.
I don't employ any technical analysis in trading, nor am I a strong advocate, but technical analysis is more about reactionary psychology than about predicting the future. In the most micro sense, the market is dictated by single individuals buying and selling stock, and in the broadest sense, it's a statistical result of millions, or billions of unknowns. Those are two totally different games.
Thanks for the note! I'll change the wording in my article WRT bills/notes. :)
With regards to safety, I noted that I think there are two types of safety to note here:
1. Default risk.
2. Asset price volatility.
Ultimately if someone is willing and able to hold to expiry, they aren't subject to #2, but this clearly wasn't the case with SVB and may also be the case with other institutions. I think it lacks nuance to not consider the middle states between the purchase of a bond and the full return of the bond upon expiry.
I haven’t heard much from Bordeaux on crémants, but i can vouch for burgundy and loire for crémants that perform as well as many champagnes, for under $25.
This is totally my personal bias, but I'm unsure that speculation has a positive value in the housing market, and I think governments should largely try to ensure that as many people as possible can afford homes, rather than ensuring that people can profit off the sales of their homes.
In the United States, people have long seen real estate as a path to wealth (unlike Japan, for example), so it's difficult to reason that people's primary homes shouldn't be their escape hatch into retirement (e.g. the dream of someone buying a house in 1980s Palo Alto and selling it in 2022).
I'm not sure that's how it works—at least in the case of NYC. The ~4% tax only applies to those with residence within the city's limits. If you live in Westchester however and work in Manhattan, you escape the 4% income tax (but instead pay higher property taxes).
They label property taxes as an absolute value paid, rather than as a percentage. Illinois per the Tax Foundation had the second highest rate*. In fact, it speaks to Illinois' and Chicago's affordability** that with such a high marginal rate, their property taxes as a dollar amount are on-par with many other states.
+1, lest we forget the original premise behind VC returns was that seed checks had huge returns because most people weren't willing to take on the risk, timeline or probability distribution of funding startups. Now everyone is willing to, so that arb is gone.
also the amount of fun is close to zero sum in life. that’s why kids can play with cardboard boxes and adults can’t figure out how to have any fun. reducing alcohol for a while will reduce fun, but then your threshold/sensitivity for what is enjoyable will increase, and the endorphins will return.
Not really, because printing money implies a low cost to produce new "money" into the system. It’s more like defaulting to gold as well. El Salvador can buy more gold but at a very high cost that isn’t akin to printing money.
You're getting downvoted because it's a longtime well-known problem of the blockchain. The answer to your question is that nobody can reverse the transaction or undo it. That's kind of the point, for better or or for $23m worse.
As someone who also dropped out, I think college will always be there for Simon. You go to college to become employable. I learned far more on the job than in school—and dropping out didn't hinder me becoming a good engineer—it expedited it.
Go back to college when you're older and then study something you'll appreciate learning. Hungry kids like this who want to start making stuff in the real world should do just that.
I don't employ any technical analysis in trading, nor am I a strong advocate, but technical analysis is more about reactionary psychology than about predicting the future. In the most micro sense, the market is dictated by single individuals buying and selling stock, and in the broadest sense, it's a statistical result of millions, or billions of unknowns. Those are two totally different games.