FuckyWucky [none/use name]
Pro-stealing art without attribution
- 95 Posts
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51·21 hours agoUK Labour Govt facing the consequences of not eliminating (or at the least controlling the yield curve) the bond market which they could’ve easily done by simply passing a law.
Ultimately, it won’t be financial market that brings down the Labour Government but party infighting.
Nothing ever happens with sovereign currency bond yields is a good heuristic.
Fed can contain yield curve any time they want. But they don’t need to since if expectation of future short term rates (if fed raises short term rates, the existing bonds become less valuable so yield goes up because of expectations even before it happens) go back down which it’ll if the Fed doesn’t raise, the yields stop climbing. It’s simply not in the “do OMO for long term bonds” yet.
Does makes sense, it would be good for tourism payments. Tourists come in, state and private banks get foreign currency and the mafia class you suggested take a chunk off it.
I think the most worrying part is the Syrian state may end up being indebted to Turkey in Lira if tourism inflows aren’t enough.
More private debt
In a vaccum it’s good that Syrians get official access to foreign currencies, but the Gov is AQ.
And fundamental constraints continue on Syria, like low tax collection, force ppl to Syrian Pounds over Lira or Dollars.
And the foreign currency access may be financed by the Govt taking on more foreign debt too.
I know
news but I think this is important even as news. Micron stock is up 13% today, 31% in 5 days, 188% in 6 months and 759% in 1 year. Shit looks like the climate change graph.They aren’t even making that much more chips, just the margin superprofits. When will it all come crashing down? I don’t know, but Hormuz stuff may be the turning point
8·7 days agoMay be. But keep in mind workers will need credit provided by the state to operate and expand (and biases show up there instead).
59·7 days agoContra is so washed.
10·8 days agoExperienced another GDP moment. So, I was trying to transfer my shares (ikik
) from one broker to another (ACATS transfer). They charge ~$100 for the privilege. Why? Because they can, it’s a rent meant to cause ‘friction’ so people don’t move shares one broker to another freely (unless if you are extremely rich in which case the receiving broker will give you a discount). Thing is it doesn’t cost them much to move numbers from one account to another, maybe a few cents.The $100 payment increases GDP by $100 (Financial Services) even though nothing is being produced, it’s a rent. Bow to me Americans, I (and the broker) increased your GDP by $100 by doing nothing.
Murder contracts
6·9 days agoGet a seedbox, preferably pay with crypto. Or if you want do it at home with a VPN (eg airvpn)
Create torrents using qbittorrent. Linux has cli programs like mktorrent so you can use those too.
Then seed it. Upload it somewhere like 1337x.
They’ve been in power for a decade, given the limited space state Governments have, they cannot fix big issues like un/underemployment. Not that the new Government can fix it either.
I think Kerala achieved quite a lot in a decade considering how much financial pressure they were under and most people will look at Government nostalgically in the future, considering the liberals are incompetent and corrupt buffoons.
Secondly, the media in Kerala is very much capitalist aligned and didn’t like the left Gov very much. Often focusing on culture wars and petty corruption over material issues.
Lastly, India has FPTP, so a small swing in vote share translates to a wipeout.
Indian state elections:
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The last left state Government in India, Kerala, has fallen, incompetent liberals will be in power for next (likely) 5 years. But left isn’t decimated completely and will prolly keep much of it’s organizing capacity. Fortunately, BJP won’t win much or at all this time.
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Another relatively progressive Government, Tamil Nadu also gone. Apparently they voted for an actors party with very incoherent politics. Tamil Nadu loves TV/movie stars running for politics. BJP ally in the second place.
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West Bengal’s psuedoliberal, actually reactionary Government is gone, BJP heavily rigged elections and “won”. Worst part of this election cycle.
- Rest was expected, BJP won.
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8·11 days agoYea, Jupiter mogs Saturn despite its rings
How much of it was ‘inspired’ by ‘alligator Alcatraz’
Yea, they prolly don’t like that Kimi K2.6 mogs ChatGpt esp in coding.
Yea, the 10 year gilt yields are rising because of uncertainty and the press is calling it another Truss moment or whatever (in reality it doesn’t mean much and will go down). I meant they can make it so HM Treasury can instruct BoE to buy as many gilts as needed at a fixed price to keep yields fixed, so all the fearmongering stops.
Or simply stop issuing gilts (end so called ‘full funding’ rule), and have HM Treasury’s account at the BoE go into overdraft. Either way works. To provide interest to regular people, HM Treasury can provide savings account which yield 3-4% or partly index to inflation so workers keep savings intact upto a certain amount (in extreme stress, like a war or climate change related shocks, payments may be deferred).