672900+ entries in 0.37s
mircea_popescu: looking forward
to
the "cash-basis bond evaluation" becoming a
thing with us banks.
mircea_popescu: sure you got drowned in spit, but
they didn't mean anything by it.
mircea_popescu: it's not delusional, per se. it's just
that china is large. when you're
that large, spitting in every vessel isn't particularly noteworthy.
mircea_popescu: any more
than all
the uninhabited
towns
they built.
they got scratch
to waste.
mircea_popescu: china has a long history of making horrid public investments.
that
there's currently a china fed does not realy commit china
mike_c: hm. interesting. cuz
the part of china doing
the propping is also delusional?
mircea_popescu: i
think equating
the part of china propping
the us currently with china is at best naive.
mircea_popescu: irrespective of
their motivations, whether
they're
there cause
they're
trying
to fuck a guy's daughter or becaue
they're drunk
mircea_popescu: all
the byzantine generals serving
the same camp ARE in
that camp,
mircea_popescu: for
the purposes of
the macro discussion
those others are
the fed.
mike_c: the fed isn't
the sole buyer,
they aren't entirely fake.
there are others with vested interest in keeping us propped up.
mircea_popescu: tyhis has
the disadvantage
that it bubbles up
the stock exchange and (again) real estate
mircea_popescu: their balance sheets consist entirely of worthless paper
that has
to be overvalued.
mircea_popescu: which is why fake low yields are so important for
the us financials atm :
benkay: making all
the old
treasuries on all
the US banks' books worth less, making
them more depending on further bailouts?
mircea_popescu: if yields go down, everyone's old bonds expand on
the books
mircea_popescu: so bonds being worth less really means
the market's going
to shit for
the issuer. such as you know, default looming or w/e
mircea_popescu: it's a very schematic model, but for
the basics : if yields go up low yield older bonds are worth less
benkay: because
the available interest rate has gone up?
mircea_popescu: do you understand how bonds are priced, for
that matter ?
benkay: okay i get it
thank you for your assistance.
benkay: so a bond market is in a bubble if
there is lots of demand for
the bonds, allowing
the issuer
to issue for less money.
mircea_popescu: pankkake shit's gotta be rounded, otherwise children could who knows, give
themselves a new cunt on
the corners of
the
thing
mircea_popescu: seems
to me it's god damned necessary, people should stop hiring phantomcircuit
pankkake: as Gronibard would say, Il est pas carré, il est pas rond, il est ovale mon
trou de balle
mircea_popescu: Goldman Sachs filed with
the New York Supreme Court, requesting "emergency relief"
to avoid a privacy violation and "avoid
the risk of unnecessary reputational damage
to Goldman Sachs."
benkay: aren't
they due
to fold sometime
this or next quarter?
benkay: hey who's
the blogger doing really great mining analysis?
mircea_popescu: aren't
they basically
the start-up predicated on
the notion
that square made simple geometric shapes bankable ?
ThickAsThieves: circle is now doing a little media
trolling
to get attention
ThickAsThieves: bitcoin may be volatile, but it isnt like you can just unload 100btc at any price you
target
ThickAsThieves: indeed, so far, volume is
the hardest
thing for me
to work with
mircea_popescu: noob
traders generally don't understand
that
the
trinity is price, volume, volatility.
mircea_popescu: suppose i bet 5 btc on "mp has
three heads",
then
turn around and put 100 on
the other side.
mircea_popescu: suppose i notice
that any 5 btc i bet is followed by 20 btc in pamm bets.
mircea_popescu: take just one model of an avenue of attack. suppose i have a known bitbet address, which is up 20%
to date.
mircea_popescu: it'll prolly work fine for as long as a very small fraction of
trades are done
this way.
mircea_popescu: ThickAsThieves it's a great idea in
theory whose greatness in practice depends on not being used.
mircea_popescu: kakobrekla i
tell you honestly
that's like
the best customer support i've seen
to date. you make me fucking proud.
ThickAsThieves: Georgia’s new gun rules kicked in
Tuesday, allowing residents
to carry firearms into bars, nightclubs, classrooms and government buildings in a measure slammed by anti-weapon activists as a “dangerous kill bill.”
ThickAsThieves: On
Tuesday, a misunderstanding between
two armed men in a convenience store in Georgia led
to one man drawing his gun and being arrested on
the first day of
the “guns everywhere” law.
mircea_popescu: you gotta keep in mind we're discussing
this country where
they have rooms where if anyone screams "freeze" all
the adults just.. freeze
jurov: he
threatened
the officer with suicide? i see
ThickAsThieves: "Christian was shot an unknown number of
times by a Purcellville police officer"
mircea_popescu: “Why would you shoot a child
that is suicidal? You are
there
to save him, not finish him off.”
mircea_popescu: Virginia High Schooler
Threatens Suicide, Police Arrive and Kill Him
ThickAsThieves: <+mircea_popescu>
ThickAsThieves permanently elevated plateau i say! /// such progress.
empyex: FabianB:
Traded in last 24 hours: S.MPOE
BingoBoingo: <chetty> you know I wonder if
these people
that go on about various online bets argue with dealers at
the blackjack
table? << of course
these people know what a casino is, it's
the place
they learned how
to fly
through a door
chetty: Berkeley Requires Marijuana Dispensaries
To Provide Free Weed For Low-Income Patients
jurov: where are we in
the 1930's script again?
mp_as_god: how
the fuck do you reg and add nicks again ?
mircea_popescu: well yes. both slow and
thick mean dumb :). however, slow is a good fuck and
thick a good ass, so...
mircea_popescu: random factoid of
the day : mongols used
to call
themselves "tata".
the chinese called
them daddy.
that's
the origin of
the
term, in all its permutations, big daddy and what have you.
mircea_popescu: i was like... what sort of
tatar
tribe from 1700 did
this guy grow up with
mircea_popescu: hey lambchop, if you're reading
this : i've had enough entertainment i'm willing
to pay. pick any bitbet you want, i'll put 1 btc in your name on
the side of your choice. lemme know.
mircea_popescu: people needed
to get other people's wives in
their harem.
mircea_popescu: but you see,
that was mostly because of
the ban on contraception.
kakobrekla: i know email doesnt have a ban, but i
think irc does?
assbot: [HAVELOCK] [B.MINE] [PAID] 1.69933066 BTC
to 11`366 shares, 14951 satoshi per share
benkay: ;;later
tell hanbot by choosing bets
that, as best can be determined, will be open for around a month at
the least. // learned
that one myself heh
kakobrekla: thats generous of you mthreat ,
thanks
mthreat: kakobrekla:
the cron was running once per day, I just updated it
to run once per hour
mike_c: i could've sworn we said it a 100
times yesterday