Comments

  • Economics: Transformation Risk
    The current situation is more or less the same. Most pension funds are trading IRS via clearing systems now and the depth of repurchasing agreement is sufficient at the time. Nobody sees it as a problem because they are not looking at the issue from a stressed market perspective. The beauty of the setup is that under stressed markets the flight to safety will cause high quality liquid assets to rise in value, causing the ETF values to increase as well, which means pension funds will need less ETFs to meet their variation margin obligations dampening the effect of out-of-the-money price swings of their IRS as a result of stressed markets.

    So basically what your idea is that this ETF would work better in that situation?ssu

    Yes, if you set up the fund to allow designated pension schemes to create and redeem baskets they can always create more ETF shares since they already hold the underlying bonds as part of their investment portfolio.

    Who will manage this and what are their incentives in picking "high-quality bonds" or determines what "high-quality bonds" are in the first place? Especially if such as large investors as pension funds have to use the ETF? Would this be a way to dump some toxic Greek debt to the pension funds as just paint lipstick on it and call it high-quality bonds?ssu

    Pick any fund manager and they will probably be prepared to murder the competition manage this fund as just the European market is estimated to need around 250 billion EUR to manage a 100 bps interest rate swing, meaning in a steady-state as part of a mix of other liquid assets pension schemes will hold, the ETF fund will be a few billions at any given time with serious spikes possible depending on market circumstances. A regular ETF management fee will be more than enough. The SPDR S&P 500 ETF Trust is slightly more than half a billion. Such a fund would always be massive.
  • Donald Trump (All General Trump Conversations Here)
    Trumpism is an authoritarian[a] political movement that follows the political ideologies associated with Donald Trump and his political base[32][33] incorporating ideologies such as right-wing populism, national conservatism, neo-nationalism, and neo-fascism.b] Trumpist rhetoric heavily features anti-immigrant,[43] xenophobic,[44] nativist,[45] and racist attacks against minority groups.[46][47] Other identified aspects include conspiracist,[48][49] isolationist,[45][50] Christian nationalist,[51] protectionist,[52][53] anti-feminist,[17][13] and anti-LGBT[54] beliefs. Trumpists and Trumpians are terms that refer to individuals exhibiting its characteristics.

    What's not the like? The problem isn't a gag-order, the problem is Trump and his voter base who like to pretend it's about corruption when it's about the above. Just a ball of a lot of hate courtesy of decades of neoliberalism.
  • Member Picture Thread
    No chance in hell I'm posting a picture nowadays. Deep fakes and all the other nonsense makes it no fun.
  • Donald Trump (All General Trump Conversations Here)
    He didn't lose anything unless he was holding shares.
  • Donald Trump (All General Trump Conversations Here)
    Many of these circumstances applied when Hillary ran and she lost. Most Americans vote whoever they like best to go have a drink with not on policy or anything else substantive. So excuse me for not sharing your optimism when my gut feeling is on the fence (not a good sign historically).

    There was a good piece (in Dutch) how neoliberalism gets you fuckheads like Trump and all the other racist scum floating to power in the EU. https://www.reddit.com/r/thenetherlands/comments/1btc0fh/het_neoliberalisme_heeft_de_solidariteit/
  • US Election 2024 (All general discussion)
    Somehow I picture him coming upon a large consignment of misprinted bibles about to be discarded and he just has the cover glued on.
  • Israel killing civilians in Gaza and the West Bank
    Nope, not the beginning, but a boundary that when crossed took all prior matters off the table until this one settled. As with a rabid dog or a medical emergency, you do what is necessary first. In the present case hostages and criminals.tim wood

    Boundaries were crossed by both sides repeatedly well before that and more often and egregiously by Israel. So once again, it's dumb and they are quite horrible and racist generalisations about Arabs. Nice going. I hope your racist ass chokes on a peanut or something.
  • Israel killing civilians in Gaza and the West Bank
    Well done, Benkei. You need to take a break.

    My point being that if you stick your thumb in someone's eye and he in turn takes you by the throat, it is only decent, if you're asking him to remove his hands from your throat, for you to take your thumb out of his eye. That the thumb is hostages makes everything very serious.

    Were Hamas just a gang in Gaza I'd mostly agree with you. But Hamas is not just a gang in Gaza. Imo Hamas and their kind are a cancer that should have been removed a very long time ago, but that has been allowed to metastasize to where it will kill its host. By "kill" I mean I expect Gaza soon enough to be a very different place than it is now or has been.
    tim wood

    Dumb shit as usual. What Hamas did or didn't do is entirely irrelevant as to the humanitarian laws and treaties Israel and its Western supporting states signed up to. There's no excuse to collectively punish, through starvation, a civilian population for the crimes of a terrorist organisation in their mids, or indeed, their government. This is obvious to even my 5-year old, who realises hitting another kid than the one that hit you has nothing to do with justice. And in this case, it also has nothing to do with their communicated goal of saving the hostages, for which entirely different solutions are available (try negotiating). So well done for regressing beyond the level of a 5-year old where it comes to understanding justice and fairness, I suppose.
  • Israel killing civilians in Gaza and the West Bank
    Your point being? Or is that your defense to continue to defend Israel? Starve 2,2 million to save a few hundred (who are probably starving as well!)? If so, my point stands, go fuck yourself.
  • Israel killing civilians in Gaza and the West Bank
    Money talks. Immediate sanctions and stop selling weaponry. They will change course before they can say "vi shreklekh".
  • Israel killing civilians in Gaza and the West Bank
    go fuck yourself doubly for misrepresenting my position.
  • Israel killing civilians in Gaza and the West Bank


    For those still defending Israel here, go fuck yourself.
  • Donald Trump (All General Trump Conversations Here)
    And if your young, imagine a time when talking to a new generation of Americans decades from now, when they sincerely ask you: "Trump? Who was Trump?"ssu

    Can't wait...
  • Israel killing civilians in Gaza and the West Bank
    guilt by association fallacy. The erroneous comparisons with WW2 have already been extensively dealt with in this thread. That you persist in them is entirely wrong but also uninteresting.
  • Israel killing civilians in Gaza and the West Bank
    So you're fine with them being destroyed if they don't change their beliefs. As also demonstrated by your continued support for war crimes. What the Palestinians think is irrelevant. It doesn't mean they have any less right to security and safety. The fact you think they do is frankly disgusting. Either human rights are universal and they apply to everybody or they're not and then they are no justification to treat Palestinians differently if they don't hold them in the same regard as you.

    The fact you thought your reply improves your position is further evidence you've stopped thinking where it concerns this subject. It's rife with inconsistencies and fallacies.

    I've had my share of insane toxicity again so will be ignoring this thread as I value my mental health more than discussing this.
  • Israel killing civilians in Gaza and the West Bank
    Israelis are actively rooting for the destruction of Palestinians as are you, so that makes you and Israelis extremely dangerous and culturally backwards. Not surprising that you left any rational faculty a long time ago in this thread that everything you say has idiotic consequences.
  • Israel killing civilians in Gaza and the West Bank
    But it is: there's a clear judgment contained in the fact that Palestinians are not up to "our" level and therefore the Israelis are good and they are bad and therefore fuck them. As to all the stupid crap you've been posting in the last two pages, I refer to what I said earlier: don't discuss this with tim wood because he doesn't know what he's talking about.
  • Israel killing civilians in Gaza and the West Bank
    Irrelevant. As if stupid people don't have a right to their life. Fucking dumb shit as usual.
  • Israel killing civilians in Gaza and the West Bank
    I think you're underestimating Bibi. He does care about what happens next and what happens next is annexation. That's the goal and it has always been that; they don't care about the consequences or what anybody else thinks or believes, because the world, the UN and everybody is against them in their self-proclaimed victimhood.
  • Should Americans end Daylight Saving Time?
    I think it should be repealed and we should stay on winter time to "save daylight", which is still an energy conserving measure during winter.
  • Climate Change (General Discussion)
    It may not be advisable to talk on LinkedIn about the time I was fired by #ExxonMobil. But here goes.

    I am a #climate scientist. I can identify with both climate researchers featured in this worth-your-time article.

    I started out as Ms Rebecca Grekin, a climate scientist who earnestly, naively believed that the ExxonMobil of today is a trustworthy actor in the energy transition. I spent more than a decade working for ExxonMobil, occasionally (but not often enough) advocating for combatting #climatechange .

    In 2020, I was fired—yes, fired—by ExxonMobil because I reported what amounted to a $10 billion fraud. To put it mildly, that experience fundamentally altered my opinion of whether present-day ExxonMobil can be considered an honest broker in anything, but most especially in the realm of the energy transition, which is a far-greater-than-$10-billion threat to the Exxon's bottom line. I have become the article's more cynical and wiser Mr Kashtan.

    Despite what smooth-talking spokespeople will tell you, ExxonMobil continues to fund and be an active member of organizations that are—today—working to decrease political support for government action to curb climate change and decrease the public’s access to and trust in readily available replacements for #oilandgas. They fund PhDs and national labs to burnish their reputation and influence what questions researchers address. #industry lobbyists have convinced large swaths of the public (and most of their own well-meaning employees) that technologies like carbon capture and storage are legitimate recipients of billions of taxpayer dollars earmarked for combatting climate change. Those taxpayer dollars are urgently needed for existing, proven, ready-right-now solutions but instead are funding a massive campaign to enhance oil recovery. Carbon capture and storage is, at its core, a technology for producing more oil. It requires more carbon to be expended to inject #co2 at pressure than it keeps out of the atmosphere. It is not and will not be a viable solution to climate change.

    ExxonMobil executives can continue this deception in large part because so many useful idiots, myself included, willingly lend their personal reputations to the propping up of a lie. They can continue this deception because they make an example of people like me (I’m not the only one) to ensure that their employees are afraid to truly challenge the ethics of the company line.

    I wish I could tell my younger self that the cynical Mr Yannai Kashtan is right. That idealism and/or a paycheck can lull you into trusting those who say one thing and do another. That we must stop allowing ourselves to be used by a few people who care more about their reserve shares than about doing the right thing. And, most important, that we must, without delay, find the unflinching political will to turn off the #fossilfuels tap as fast as we possibly can.
    — Lindsey Gulden, geophysicist
  • Migrating to England
    I'm well aware, we also used to be ruled by a queen...
  • Hobbies
    I just don't understand how it's a hobby!
  • Hobbies
    Noice. A kind of blue vibe.
  • Hobbies
    Thanks! Private lessons yes until I was 17 and some off and on after that. Now I mostly study on my own. And my technique is somewhere between a monkey and Horowitz. I never think it's that good but suspect every musician has this problem.

    Even Horowitz in Der letzte Romantiker finishes a piece (which is of course brilliant) and then says "I cannot do better". Insane.
  • US Election 2024 (All general discussion)
    I haven't read the ruling but if state electors can vote for someone else than the popular vote it seems prima facie inconsistent to claim it's a federal issue.
  • Hobbies
    No digital games – for me, they automate (eliminate) too much players' improvisational creativity (since all possible actions / reactions are already scripted (coded) in the program), fully cybernetic illusionism / railroading.180 Proof

    I like skill based games, like Hades, or tactical like, Chaos Gate.

    And I do like RPGs even if there's less freedom than tabletop. A well told story you can influence the outcomes of? Count me in. Favourites include the recent Baldur's Gate 3 and the even more brilliant Palenscape: Torment.
  • Hobbies
    Eating Persimmonsjavi2541997

    Que?
  • Hobbies
    Writing battle raps that will never see the light of dayAmadeusD

    I'll cut your throat with monofilament wires
    Liquefy your insides like the ebola virus
    Get medieval on your ass with blowtorch and plyers
    And scatter the parts like Seth did Osiris

    How am I doing so far? :razz:
  • Hobbies
    playing piano, daily, like:(shitty piano and recording))
    composing music (infrequently, like:
    writing
    reading
    role-playing games (dndbeyond.com)
    computer games (currently: Chaos Gate, Hades, Slay the Spire)
  • Migrating to England
    Lol. Have you considered the Netherlands then? We're very progressive - surrounded by dykes and everything.

    But if you worry about global warming a lot, you do need to go inland.
  • ChatGPT on Replacing Schrodinger's Cat with Human
    Only an epistemological interpretation (old Copenhagen) would say this. Pretty much all interpretations since are metaphysical interpretations with describe what is, not what any particular observer knows. Humans play no special role in wave function collapse, except in that solipsistic Wigner interpretation.noAxioms

    That makes no sense to me. How can a physical theory say anything about metaphysics?
  • ChatGPT on Replacing Schrodinger's Cat with Human
    The question was specific to the schrödinger cat setup, where the cat is replaced. The cat is not in a superposition there either - which in any case is not a state of being but a consequence of epistomological limitations of knowledge of a given system.
  • ChatGPT on Replacing Schrodinger's Cat with Human
    We had a long thread on Wigner's friend already, with @noAxioms, @Andrew M, @andrewk and @boundless going into it.
  • ChatGPT on Replacing Schrodinger's Cat with Human
    The cat isn't in a superposition the particle triggering the poison is. The cat is either dead or alive upon opening the box. So the experience of the person is that he was alive in a box if he's still able to answer questions.