158 karma · joined February 9, 2022
I wonder at what point it will be cheaper to lease out an entire floor of a corporate office and throw an air matress in it then to rent a 3 bedroom house.
Oh nevermind, that never happens, the analysts always say this time is different and then afterwards "nobody could have seen it coming" because it was due to factors they werent looking at
Fixed that for you
It's going to shape all news into good news. There is no alternative
https://www.spglobal.com/spdji/en/indices/strategy/sp-us-equ...
PacWest: $PACW: -53.9%
Western Alliance $WAL: -27.3%
Metropolitan Bank $MCB: -17.1%
Zion also down ~15%
edit: they appear to be continuing down from when I posted this
I think the theory would say that this will counterintuitively result in an eventual huge dollar spike as new dollar demand but also liquidity dry up while existing demand from existing USD loans stay constant.
I think it's too early to tell. I don't believe in his USD superspike but I do think the underlying dynamic is real and this will not result in the dollar being substantially lower in the let's say 1-3 year time frame (ie DXY < 90)
Embarrassment of an article.
And yet the one month treasury is trading at a monster discount to FFR as banks scramble to bid for collateral as their balance sheets deteriorate into an upcoming rate hike and deposit run.
Again, total joke
Let's get it up to 40% or better yet 100% in bankruptcy/foreclosure
But about 2/3 of that time I've been on projects that involved little or no work. It's prevalent at banks, hospitals, and certain types of consulting work where you get brought in to failing projects but the projects are always failing because of organizational dysfunction, not because they needed more engineers, so there's nothing you can really do.
This can vary in extent from
- Here's 3- 10 hours of work. I need it by the end of the month. You can literally tell the boss that. They'll just say don't worry, just get it done
- This project will be getting new requirements handed down to us in a month. 5 months later, the requirements never came. I rewrote the whole legacy Java app in rails and fixed all the issues because this was pre remote work so I was sitting in a cubicle and very bored. Never told anyone, just threw it away when I left. I would have surely been punished for making people look bad if I told them I had fixed their entire app because I was bored in this kind of environment.
- The funniest ones: When the bosses constantly need to show you they are tough by demanding that you "get stuff done" but when you ask for details they say "we'll go over it in the next meeting". They are bullshitting but somehow feel that they need to act out being a boss so they constantly act annoyed that you aren't getting stuff done even though when you press them, they have no work for you. This can go for years.
- Once had a pre remote job at a major bank where they just threw like 50 consultants in a room and rarely gave anyone any instructions. I just stopped showing up and would answer chat if anyone chatted me. After about 3 weeks they figured out I wasn't showing up. I told them I wouldn't come back in unless they gave me work. They got back to me two weeks later and just told me I needed to start coming back in again but couldn't promise they could give me work. Ended up just walking away.
Thailand and Colombia are the two obvious choices to me. Quit work, and just get a $500 a month apartment and focus on working out every day and enjoying life. You WILL find people interested in dating you if you have reasonable expectations.
When I was younger and I wanted to go to bars and get drunk and be an idiot I had plenty of attractive sexual partners.
So I don't buy this at all. The guys I know who have an easy time dating are 1 or 2 points more attractive, make minimum wage as yoga teachers or selling crystals or dumb stuff like that, and tell Women painfully stupid stuff they want to hear about their quantum vibrations matching and other new age nonsense.
So I can say this narrative empirically doesn't feel true for me.