LaxPower Back-Up Stick

Wow, not the response I would’ve expected. There’s three teams that are carrying actual cash and salary cap hits for this clown. He needs to go away like rae carruth and Greg hardy.

It’s pretty clear the president either believes, or is trying sell the county in his omnipotence as Supremacy. Would be kind of funny if he lost the election and then sued. I’m basically assuming he’s going to be personally toast, if not criminally, everyone will run from him including his circle of...

Ah, was hoping his big brother talked him into his senses and joining the crew in Geneva.

Well, that didn't take long. Yep. That's what happens when you take away the legal path that you insisted was available for guys like Comey. Nope. Proving that the leaking of the crappy things that our government leaders do is the only way it gets ratted out. Comey now looks to be smarter than all ...

Fire Warne! Still no quarters!!!

(I still think they could’ve handled Dave’s departure better but clearly warne is working out)

No Lance Madonna?

Was curious if he’d get PT on a good Richmond team as his brother was a standout FR up at hobart and I was on a boat this summer in Skaneatales with a friend of the family who seats his brother is even better.

https://hwsathletics.com/roster.aspx?rp_id=13931

Just the first thing I pulled from the google machine for a reference point. If you like Lewis writing style and storytelling (liars poker, moneyball, the new new thing, blind side, the big short, etc) you’ll find this one similar in terms of readability.

Apologies, I get on a roll and inertia sets in on these topics for me.

I’m with you on the last part except for I’m more like 15ish years in. I was responding to what I thought felt like conflating hedge funds with the private credit/shadow banking world, which they participate in but isn’t by any means all or even the majority of it these days. Ties back to the repo f...

I can’t even begin to get into it all but your missing a lot using basic investopedia definitions. Market is 90%+ and regulations includes to be long biased, mutual funds misrepresent all the time, look at angel oak providing daily liquidity, proshares and etf backed funds, fidelity and jeffries tra...

Fidelity, the big mutual fund company everyone practically has some stake in a fund of, invested in private wework. This isn’t just about big bad rich guys. This stuff affects everyone and there’s demand for access, as well as conflicting revs and laws that encourage/force access to credit that caus...

It’s not hedge funds. Retail investors are balls deep in RICs, mortgage reits, business development companies. Go look up the top shareholders in BANX, IVR. Angel oaks mutual fund. Older people looking for income have propped up a lot of these dividend paying vehicles. There’s a ton of middle market...

https://www.google.com/amp/s/www.cnbc.c ... risks.html

The crisis in 2008 was largely a liquidity/mark to market driven problem moreso than a solvency one. The shadow system can exacerbate this.

GE was a bank, so we’re the auto manufacturers, in 04-06 GM made more in GMAC (which was financing CRE, RE and small businesses as well as cars) than their total profits for the year. GE used their industrial strength credit rating to borrow very cheaply and do everything financial which is why jack...

The whole financial system is Mark to model and always has been. Banks, FDIC insured deposit gathering ones, not to be confused with investment or merchant banks though activities overlap in areas, model their deposits as having average lives of 4-15yrs even in the case of demand deposits. Otherwise...

Here’s the daily data

https://apps.newyorkfed.org/markets/autorates/sofrP

Banks own treasuries as a source of liquidity because they have lots of short term borrowings and typically own a lot of assets that aren’t as liquid or have longer durations, which makes their price sensitive to changes in market rates more extreme (it’s curvilinear but basically multiple the term ...

7-3 vote to cut a quarter, that’s significant dissent.

Anyone who’s an isolationist or xenophobic should want our full faith and credit to be supreme, not that I want to be either but like our status and don’t get why these clowns believe otherwise

Just finished Michael Lewis’ most recent book. For all the politics crazies on both sides shouting at each other on those boards this would be a very good read. (And anyone else as well)

https://en.m.wikipedia.org/wiki/The_Fifth_Risk

Anyone paying attention to the repo market issues lately? This is a huge deal. This afternoons FOMC statement could be very interesting but the fact that the Fed has had to inject liquidity into the markets this week is not good at all. This is non partisan and everyone should be concerned with wher...