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
Comment · 2 months ago
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
Comment · 9 months ago
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
Comment · 2 years ago
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.

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