DrStool Posted March 4, 2021 Author Report Share Posted March 4, 2021 2 minutes ago, PullMyFinger said: $1,500,000,000,000 - $205,000,000,000 still leaves a few bucks in the seat cushions with which to cause mischief. Holy cow these numbers look kinda big when you type them out. That's why I spell them. I lose track of how many zeros to use. LOL Link to comment Share on other sites More sharing options...
PullMyFinger Posted March 4, 2021 Report Share Posted March 4, 2021 3 minutes ago, DrStool said: That's why I spell them. I lose track of how many zeros to use. LOL You get used to it. Somewhere back in the dusty recesses of my tequila-addled mind, I remember the first time I went to Mexico back in 1995 or so, they had just devalued the peso. If my dim memory serves (and it often doesn't) they just basically lopped a few digits off the currency. Both bills stayed in circulation for awhile. So, as an example, a new 10 peso note had the same value as an old 10,000 peso note. And, to further show my brilliant currency acumen, when I bought my crappy condo in Cabo San Lucas in 2014, the peso was about 13:1 to the dollar. Now it's around 20-ish. So I have a huge built in capital gain that is about the same as the appreciation on my condo. Lesson learned about currency risk. As usual in the Finger household, I learn things the hard way, and much too late to be helpful in any meaningful or profitable manner. 🤡 Link to comment Share on other sites More sharing options...
DrStool Posted March 4, 2021 Author Report Share Posted March 4, 2021 Story of life. Link to comment Share on other sites More sharing options...
DrStool Posted March 4, 2021 Author Report Share Posted March 4, 2021 This is sheer violence. Link to comment Share on other sites More sharing options...
Takachi-1 Posted March 4, 2021 Report Share Posted March 4, 2021 I can think of worse things than a condo in Cabo, pass it to the heirs! Hope all stoles are well! Link to comment Share on other sites More sharing options...
Takachi-1 Posted March 4, 2021 Report Share Posted March 4, 2021 stoolies I'm having deja vu all over again looking through these posts - Doc still brilliant! Link to comment Share on other sites More sharing options...
Jimi Posted March 4, 2021 Report Share Posted March 4, 2021 Wow. They broke the thing that used to go up only, or something. Link to comment Share on other sites More sharing options...
Jorma Posted March 4, 2021 Report Share Posted March 4, 2021 Rut row. TNX = 1.5%. The Treasury should just cut out the middle men and by Treasuries direct on days like this. Or something. I suppose a retest of the spike top 1.61 last Thursday makes some sense. Nothing but zeros in Fed Repoland. https://apps.newyorkfed.org/markets/autorates/tomo-results-display?SHOWMORE=TRUE&startDate=01/01/2000&enddate=01/01/2000 Link to comment Share on other sites More sharing options...
MisFit Kid Posted March 4, 2021 Report Share Posted March 4, 2021 Just for old time sakes..... Is there such a thing as Margin Call? Or is that just something for the "little people who pay taxes" (L. Helmsley) Link to comment Share on other sites More sharing options...
Jorma Posted March 4, 2021 Report Share Posted March 4, 2021 I see on the wire that the market fell when Powell "offered nothing but platitudes about rising rates". Since when do they dump on the Fed chair? Pretty serious stuff. Link to comment Share on other sites More sharing options...
PullMyFinger Posted March 4, 2021 Report Share Posted March 4, 2021 59 minutes ago, Takachi-1 said: I can think of worse things than a condo in Cabo, pass it to the heirs! Hope all stoles are well! I'm just extra surly today because I just got back from there to freezing, rainy Denver yesterday. That's exactly the plan, it's now the Little Fingers' tax problem. They can have it when I shuffle off this mortal coil and become a Stiff Little Finger (underrated band by the way). 🙂 Days like this are fun--just not to trade. Nice to see familiar names around the old water, er, stool cooler! Link to comment Share on other sites More sharing options...
DrStool Posted March 4, 2021 Author Report Share Posted March 4, 2021 Infinite QE Is Coming Despite Skyrocketing Economic Growth Link to comment Share on other sites More sharing options...
DrStool Posted March 4, 2021 Author Report Share Posted March 4, 2021 28 minutes ago, Jorma said: Rut row. TNX = 1.5%. The Treasury should just cut out the middle men and by Treasuries direct on days like this. Or something. I suppose a retest of the spike top 1.61 last Thursday makes some sense. Nothing but zeros in Fed Repoland. https://apps.newyorkfed.org/markets/autorates/tomo-results-display?SHOWMORE=TRUE&startDate=01/01/2000&enddate=01/01/2000 They officially discontinued that in January. Not sure why they're still publishing it. Link to comment Share on other sites More sharing options...
DrStool Posted March 4, 2021 Author Report Share Posted March 4, 2021 Takachi! Welcome back! Link to comment Share on other sites More sharing options...
PullMyFinger Posted March 4, 2021 Report Share Posted March 4, 2021 Yikes. I would say 3789 indeed broke with authority. Bears get shanked in the prison yard for awhile, then bulls get hung on a hook. Something for everybody to help assure that no one wins. "Hello 911? Yes, I would like to report a mass murder. Describe the victim? Well, at times today it kinda looked like a bear, and at times like a bull. Maybe some sort of shapeshifter?" Link to comment Share on other sites More sharing options...
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