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thehumanmeat
Joined 5 years ago
Karma
107
Submissions
43
Member since
Dec 28
View on Hacker News
Recent submissions
Comment · 1 month ago
The article couldn't be less true. Treasuries are the deepest and most liquid market by far. Foreign CBs hold them so that they can liquidate them when it becomes hard to find dollars. Why else do foreign CBs want to constantly open up swap lines to us when they are hurting?
Comment · 1 month ago
Rods from God
https://en.wikipedia.org/wiki/Kinetic_bombardment
Comment · 2 months ago
There was
never
a petro-anything. It's always been and is the Eurodollar global reserve currency.
https://en.wikipedia.org/wiki/Eurodollar
Comment · 2 months ago
Exactly. It's always been posturing.
Comment · 7 months ago
Same thing happened with hidden Antarctica bases in 2018.
Comment · 9 months ago
The Fed and largely US policy has absolutely no effect on the real reserve currency:
https://en.wikipedia.org/wiki/Eurodollar
Comment · 9 months ago
My hotter take: We've been in a depression since '08
https://fred.stlouisfed.org/graph/?g=cMV
Comment · 1 year ago
Slightly related, I've been wanting to invest in SK Hynix since early '23. Does anyone know how a US investor can get access to the stock? I haven't found any brokers that allow you to trade Korea Exchange tickers.
Comment · 1 year ago
You get "division".
Comment · 1 year ago
There never was rampant inflation (in the sense of the term of expanding money supply). It was all driven by the increased prices supply shock driven "inflation". The solution to high prices ("inflation") is high prices, not increased interest rates.
Comment · 1 year ago
Yes, to clarify, I do believe that.
Comment · 1 year ago
The US left the gold standard well before 1971. Central banks do not create currency, they create bank reserves. There is no indication that it drives money creation. Let me know where I can spend bank reserves to buy goods and services. Money is created from banks, and mostly done so off-shore away from the purview of the central bank.
https://en.wikipedia.org/wiki/Eurodollar
Comment · 2 years ago
Because SNDL is a long planned attack for secrets that have a long life time.
https://en.wikipedia.org/wiki/Harvest_now,_decrypt_later
Comment · 2 years ago
Short it then.
Comment · 2 years ago
None, it can actually be any constant > 1/2, because you can always run the algorithm a non-exponential number of more times to be more convinced (approaching prob 1) of the answer. 2/3 is just convention.