I asked Fable if i should go to Small Cheval in Rosewood before my flight. It told me that I should go to the one in terminal 3 instead, its right by the k gates at the food court. I got there and.. there was no Small Cheval.. seems like Anthropic still hasn't figured out how to prevent halucinations...
If you don't need an account to send a fax, how do you comply with law enforcement's requests to identify who sent a specific fax? I would think this would open you up to significant liability
Equities and "delta 1 assets" are very liquid, meaning there are a lot of buyers and sellers. This helps to make price discover more efficient. Anything outside of that means that there is much less liquidity and therefore inefficiencies in price.
Think about it this way. You are trying to sell an apple. In one room, there are 100 people trying to sell an apples and 100 people trying to buy them. In the other room there is 1 person trying to buy apples and no one selling. In the first room you don't have much leverage. The buyers can go to the other 99 sellers if they don't like your price. In the second room you have a ton of leverage. If the person wants to buy an apple they are either going to have to buy it from you or wait for another seller to enter the room.
When it comes to non equity or delta 1 assets, there tends to be more complexity in understanding the assets, which acts as a barrier to entry. If you have been in investment banking for 6+ years, you likely understand these complexities and can find pricing inefficiencies.
Calling the early ’80s “Reagan stagflation” isn’t quite right. Stagflation means high inflation and high unemployment at the same time. By 1981–82, inflation was already collapsing — from nearly 14% in 1980 to about 3% by 1983. What remained was a brutal recession with high unemployment, caused by Volcker’s deliberate rate hikes to kill inflation. Painful, yes, but that’s not stagflation anymore. The stagflation era ended with the oil shocks of the ’70s; the early ’80s was the hangover cure, not the disease.
You're right that stagflation shows the Fed can’t fix supply shocks with interest rates alone, but calling it “Reagan stagflation” and blaming austerity doesn't quite pass muster to me. The 1970s mess was mostly caused by oil shocks and entrenched inflation. The Volcker rate hikes (and Reagan’s early years) were the painful cleanup, not the cause.
I think you might be conflating the interest rate's that the federal reserve sets and the inflation rate.
The federal reserve rate is essentially how much the US pay's their debtors. Bank's use this as a benchmark for how much they lend to their own borrowers.
The inflation rate is a calculation done based on a basket of goods. if the price of that basket of goods goes up, inflation is up. if it goes down, inflation is down.
When the federal reserve lowers their rates, it makes it easier to get money, and therefore the price of the basket of goods goes up.
When they make their rates higher, money is harder to get, and the price of the basket of goods goes down. The only problem with this is that there is also less money for labor, which means that unemployment goes up. The Feds job is to balance these two things.
Does Microsoft really still sell Windows as a perpetual license to enterprises? I would have thought for sure that they would have found some way to sell it as a part of a bundle/subscription by now