I think Squidward tentacle fucks his clarinet and inks all over the walls like a Jackson Pollock

Better to sell something someone else cherishes, like mom’s wedding ring or grandma’s house.

He just pumped the stock for you, sell at close.

Didn’t SVB own Boston Private Bank & Trust?

The utility value of crypto is in money laundering and transferring wealth from one currency to a more desirable currency. The more significant influence on value is speculation.

The bitcoin bubble may never truly pop.

There are definitely some forex arbitrage opportunities in crypto exchanges. Who is best capitalizing on those?

I’m more interested in hearing George Soros’ opinion of bitcoin than Warren Buffett’s. Maybe they’re both too old though. Who is the contemporary Soros? Down the rabbit hole I go…

Okay, alternate ending, the credit crunch never comes, but inflation is unrelenting. Borrowers whose wages cannot keep pace with inflation have to make hard decisions about how to allocate their limited capital. They need a car to get to work, so they prioritize that expense. Now the vehicle that they paid far too much for relative to its age and condition needs costly repairs that they cannot afford, it no longer has utility as transportation, so paying the loan is no longer a priority. They’re too upside down to trade it, so they get approved for a second auto loan because the lenders are chasing yield. Now they can default on the first loan and let the first bank take the loss.

The average auto loan written in the past 2.5 years is worthless. The risk adjusted return is negative. What do balance sheets look like if car notes are treated as liabilities rather than assets?

I’m drunk and rambling, but that doesn’t mean I’m wrong.

Here’s the kicker, a little birdy told me that banks with heavy exposure to auto lending have basically been lending at prime rates to subprime borrowers over the past couple of years.

My guess is Ally Financial is about to be fucked in the next year or two if unemployment goes up significantly. Just like the MTM unrealized losses on MBS and treasuries, it is much uglier if you start applying wholesale book values to auto lending collateral.

These Buffett investment rumors are a smoke screen, he’s too smart to bag hold Ally Financial anymore than he already is.

This is exactly the death spiral I’m envisioning as well. Take the BTFP money and seek higher yields.

Tl;dr $NOK = 🌙

Based on the current bid on the option.

Beautiful. Why are you swing trading TQQQ? I’m not going to argue with the results, just trying to understand the reasoning.

I read news, look at charts, and guess if the price is going up or down, how much it will change, and how long that will take. My long term gains are around -80%

Am I too stupid to see any gains there?

I have TQQQ puts at $25.50 strike. Does this mean I’m not completely regarded?

Third option, you expire OTM on your calls and on your puts

FRC.PI is a better buy that FRC if you want to mitigate some of the risk of a distressed sale. Common shares may be made worthless if FRC is bought out, preferred shares have a priority claim on company equity.

Literally pulled out of my ass. My fingers stink now.

ITM 01/2025 LEAPS puts on $BLK. Sell in June 2024

If you’re not in the red, you’re above average

r/FireIsntReal

+1 for the NOCO GB40

Austin Air Bedroom Machine if you want top of the line. Winix if you want best value.

The more universal parts and less complex, the more reliable and easy to maintain they’ll be. That will limit you to the cheaper and least efficient models though. Stay away from the spine-fine Trane and American Standard units, they are harder to clean and fail more often than traditional fins.

Models rated for use near the sea coast are going to be the most corrosion resistant.

Also, the installation is more important than the equipment brand. The best equipment installed by a hack will be terrible, average equipment installed by a seasoned pro will be great.

Snow Peak is the brand that comes to mind

Look into Austin Air. Not cheap, but they’re probably the best mix of efficacy, durability, and design simplicity.