It wouldn’t be Polish if it wasn’t pessimistic ;)
156 karma · joined December 17, 2020
Agreed with both you and parent on the commercial, I mean hydration, breaks. What a disaster.
The AI marketing is just an attempt to reframe the value narrative of the company before IPO. They would rather be seen as an AI company than an unsecured lender of last resort.
The narrative on Klarna’s core business is not good in any case, either an extractive lender benefiting from people buying what they may not afford and charging exorbitant interest or a lender of last resort who has not properly underwritten the risk in their portfolio. Neither is preferential to them compared to a value narrative framing them as an AI company. Likely the market is too skeptical in this environment to take the bait however.
Russia’s expansionist policy, on the other hand, continues to cast a long shadow across Europe. The country has a long history of conquest, but for centuries, its vast dominion resembled a loose federation of fiefdoms, not a single state; it wasn’t until the emergence of the USSR that a cohesive national identity — along with a renewed focus on global expansion — started to take hold. Through various machinations, the USSR soon ended up annexing Estonia, Latvia, and Lithuania; and seizing military and political control of Poland, Czechoslovakia, Hungary, Bulgaria, Romania, and other neighboring states. For decades, the residents of these lands suffered repression and economic hardships — and were barred from leaving the Soviet-controlled world.
If the bonds were worth 80 cents on the dollar than they just traded 80 cents on the dollar for 99.9 cents on the dollar. A good deal if your balance sheet is in such poor shape.
They are only losing .1% of bond value instead of the difference between face and market value.
If the fed values those bonds at face value (rather than what the market would pay today) and allows the bank to borrow money using those as collateral, then a bank could simply borrow from the fed using the older less valuable bonds as collateral and then buy new more valuable bonds.
The bank could then default on the loan and forfeit the original less valuable bond.
This would effectively be the fed giving free money to the bank.
One good place to start might be the work of Friedrich Hayek.
If you are like me, you might start to have a more nuanced view than “It’s not true!!”.
Hayek for example despite being in many ways the father of this work was very explicit about the role of government and the many areas he considered government intervention essential.
Stock performance (and any investment) is driven by both cost of purchase and underlying performance. Cost is driven by human psychology as much or more than business fundamentals.
As a result, poor stock performance is in some way an indicator of future improved investment performance because it corresponds with lower purchase price but as you note, deterioration of economic performance is absolutely not an indicator of improved future economic performance.
My wisdom teeth grew in about 15 years ago and have sat comfortably behind my molars since.
I saw a new dentist for a routine cleaning “intro package” where she suggested that I have the wisdom teeth removed. I asked her why should I have a surgery for this since I never had problems with them. She said it was a good idea because they were “more likely to develop a cavity” because they are farther back and harder to brush.
So basically she was pushing me pay thousands of dollars to have a serious surgery to avoid the risk of developing a cavity because I might not know how to brush teeth that I have had for 15 years and never had a cavity on.
I wonder how many people just decide “guess I need this surgery”
This is my personal view after reading his most recent book.
In the case of CNN, we see the collective bias of those who run the company optimizing coverage for engagement based on their assessment of the bias of those watching. In the case of RT, we literally know that guests or anchors who do not work to legitimize propaganda are at risk of physical retribution.
I used to be a freelancer and now I run a 180 person development group. Our path was similar to this. In order to become the rainmaker you need to understand the problems the customers are trying to solve and you need to meet a lot of them (think 100x the number you might want to serve). You need to build meaningful connections with each of them. This is a grind so you must learn to enjoy it otherwise you won’t have the stamina.
Additionally you need to be excellent at delivering software.
1. https://www.google.com/amp/s/www.indiatoday.in/amp/technolog...
We use a commercial VPN at our company because it provides a mechanism for traffic encryption for employees who might be connecting from insecure networks. Sure most sites use HTTPS but there is still some unencrypted traffic like CDN or similar.
It’s not a cure all or some privacy guarantee, it’s just that for us, the risk of our employees browser history being stolen by that VPN for some nefarious purpose is just less than the risk of information leaking via insecure network.
Longer story short they piped the earnings from the opioid crisis out of company for decades and then when the net was finally closing on them, they filed for bankruptcy in a court of their choice with a very favorable judge. It is this same judge who granted the full immunity.
Disgusting.