Turbine manufactures have cold weather packages and deicing systems. I'd wager they don't get installed in Texas.
1,463 karma · joined May 9, 2015
They can borrow money and use that for collateral which is exactly what they did. And there is a massive world of difference rolling up to a bank/investors saying "Hey I have settled funds, I need to borrow money to post as collateral" vs "Hey I lent people a bunch of money, I need to borrow a money to post collateral".
I am tuned in enough to know there is a big difference between rolling up and asking for credit saying "Hey I've got X dollars in settled cash to buy Y. Please lend me some money." and saying "Hey I've lent out X dollars to buy Y. Please lend me some money."
Whether or not you can "day trade" on a cash account would probably just be equivocating about what "day trading" is. It definitely does limit your ability to very quickly enter/exit positions.
It might create a liquidity crunch for some people but the idea that people would only get a fraction of their account is pretty much FUD.
The idea that a broker going under wipes out all its members assets is just not true. MAYBE some stuff in flight would have issues. All the capital requirements and regulations are designed specifically so the brokerage fails first before customer assets are at risk. And again, still SIPC insured.
I think that shitstorm is preferable to allowing brokers to manipulate asset prices to protect themselves.
I fully agree they were fighting to save their life. They can't handle their customer trades they should shut down until they can.
Really they should have a system to only allow buying with settled funds. I'd be fine with that.
If a broker can't do their job they should be forced to shut down completely until they can.
Its pretty clear they don't have the liquidity/assets to handle their customers transactions. Letting brokers manipulate asset prices so they can avoid shutting down is a dangerous precedence to set. Really hope IB/RH and everyone else involved gets blown up by this.
Obviously not comparable for a variety of reasons (viewer quality, syndication, youtube clips) but that show was spending 100+ million on just the main cast.
That is a bit below what a very aerodynamic car needs to maintain highway speed so sort of relevant from a range extension perspective but 100% efficient panels and 5m^2 being fully illuminated at once are not very realistic assumptions.
I could see electric trucks(non commuting) + tiny home on wheel with big arrays potentially being viable though. That + starlink would make a pretty cool working remote combo.
You can see even at utility scale the panel prices are generally less than 50%.[1] I think 2018 increase was tariff related. Been out of the industry ~5 years so don't follow stuff that closely. Many of the other costs are basically a multiple of # of panels which would be 10x at 2% efficiency.
Flat fee is gonna suck for people running a lot of clusters. I bet there are some people out there spinning up a cluster per x who are going to be real unhappy about this.
That's an order of magnitude more than people on the edge could dream of having all at once or hoping someone would loan them. 2k+ is an effort to save up.
Used cars are an amazing deal. It's riskier sure, but that is the reality of being poor. No one is paying thousands of dollars to get an old subcompact repaired, it's going right to the scrappers. I think you are underestimating the reliability of ~8-12 year old sub compacts/sedans. Fluids, pads and belts keeps most early 2000's Asian cars going well into the 300s.