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Necc0 posted:isn't this happening naturally already, though? 1. no 2. you didn't read the paper
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Jul 18, 2016 05:54
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people are not gonna stop using cash. the cashless society is not just around the corner. nothin doin. these imf guys have got a scheme to allow cash to continue to exist in a world with significant negative interest rates. (not this -0.25% weak sauce poo poo. think, like, -1%, or even -2%)
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Jul 18, 2016 05:55
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Pinterest Mom posted:oh, right, ARM is a british company and the deal is in pounds. that probably explains a lot of it? yen is high, pound is low, arm gets paid in dollars which means its valuation will rise.
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Jul 18, 2016 06:13
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The Management posted:yen is high, pound is low, arm gets paid in dollars which means its valuation will rise. Neat
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Jul 18, 2016 07:12
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the gently caress is a negative interest rate
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Jul 18, 2016 07:47
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fleshweasel posted:the gently caress is a negative interest rate the level of interest in reading your posts
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Jul 18, 2016 07:49
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fleshweasel posted:the gently caress is a negative interest rate it's when you lend someone money with the promise to be paid back less than you lent. big institutional investors (pension funds, sovereign wealth, Apple Computer) can't just store cash reserves of 10 or 100 billion dollars in a vault or w/e, and they don't want to have full exposure to the stock market, so the safest place to put their money is in government bonds. But so many people want to store their money in safe government bonds that they're bidding down the interest rate to sub-zero levels - you have a bunch of people preferring a guaranteed -0.25% or w/e return over making any other use of their money.
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Jul 18, 2016 08:49
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triple sulk posted:the level of interest in reading your posts
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Jul 18, 2016 08:53
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Notorious b.s.d. posted:if you really want to blow your mind check out this paper from some imf dudes teh danish state went bankrupt in i think 1813 & for a while there were 3 different valuations of the danish currency (rigsdaler, same word as dollar = thaler): courant (paper), in specie (paper), & silver (coin). for a while the courant was as low as 1% of a specie daler with the same denomination. thats gotta have been super annoying to deal with
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Jul 18, 2016 09:37
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SoftBank bought ARM for $32 billion in cash http://www.bbc.com/news/business-36822806
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Jul 18, 2016 12:31
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lol brexit is screwing up everything now
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Jul 18, 2016 12:34
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Mr. Apollo posted:SoftBank bought ARM for $32 billion in cash weird. cue hoards of idiots who don't understand that ARM doesn't actually manufacture or directly sell chips, they just license designs
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Jul 18, 2016 13:03
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big domestically focused japanese companies are looking at the population collapse erasing 50% of their local revenue over the few decades - there will be plenty of weird offshore acquisitions by japanese megacorps you never heard of over the next few years.
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Jul 18, 2016 13:15
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Notorious b.s.d. posted:if you really want to blow your mind check out this paper from some imf dudes lol the imf is the most evil organization on earth
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Jul 18, 2016 13:18
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infernal machines posted:this did wonders for outing the three olives contingent of the community though Yeah, it was really great to finally be see solid evidence that no matter whether your an affluent straight white man or an affluent gay white man, they're all still affluent white men underneath
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Jul 18, 2016 13:59
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C.H.O.M.E posted:lol brexit is screwing up everything now quote:Theresa May has indicated that Brexit could be delayed as she said she will not trigger the formal process for leaving the EU until there is an agreed “UK approach” backed by Scotland.
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Jul 18, 2016 14:19
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FMguru posted:lol even the new conservative government (whose voters supported it overwhelmingly) is trying to slow-walk it freeeeeeeedom!
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Jul 18, 2016 14:23
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Pinterest Mom posted:big institutional investors (pension funds, sovereign wealth, Apple Computer) can't just store cash reserves of 10 or 100 billion dollars in a vault or w/e except they totally can if rates go negative enough to justify the risk of cash in a vault + security + insurance + the cost of space for a bunch of vaults, which neuters the ability of central banks to go deeply negative (think several full points, not bps). this is a legitimate concern for serious economists and central bankers right now, not just fringe loonies, which is totally insane. hence crazy stuff that would have been unthinkable ten years ago like that imf paper that was posted earlier, or plans to ditch the $100 bill (if you only have small denominations it's significantly harder to keep your money in cash), or plans to ban paper money altogether. there's a floor on how low negative rates can get if cash is still a practical and legal option. all of this suggests that monetary policy shouldn't be your only option in a downturn (and if you look at, say, the great depression, it never used to be), and congress should probably step in and provide fiscal stimulus. but that's not going to happen so here we are. nah thanks fucked around with this message at 14:27 on Jul 18, 2016 |
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Jul 18, 2016 14:23
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I thought the brexit referendum was non-binding. Why aren't the UK's leaders saying "nope, gently caress you"?
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Jul 18, 2016 14:24
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Can't wait until 'britianization' replaces Balkanization as the term people use
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Jul 18, 2016 14:24
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Citizen Tayne posted:I thought the brexit referendum was non-binding. Why aren't the UK's leaders saying "nope, gently caress you"? They're British.
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Jul 18, 2016 14:25
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Citizen Tayne posted:I thought the brexit referendum was non-binding. Why aren't the UK's leaders saying "nope, gently caress you"? riots etc plus it's usually a bad plan for a politician's job security to ignore the majority of your voting population nah thanks fucked around with this message at 14:29 on Jul 18, 2016 |
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Jul 18, 2016 14:27
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The elderly suck at rioting.
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Jul 18, 2016 14:28
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Citizen Tayne posted:The elderly suck at rioting. they're super good at voting (you out of office), though
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Jul 18, 2016 14:30
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Citizen Tayne posted:The elderly suck at rioting. Maybe this whole thing is stalling until they're all dead?
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Jul 18, 2016 14:30
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eh
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Jul 18, 2016 14:31
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Citizen Tayne posted:I thought the brexit referendum was non-binding. Why aren't the UK's leaders saying "nope, gently caress you"? they literally are saying that, they're just framing in other terms so that people can keep on pretending if they like
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Jul 18, 2016 14:55
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squidgee posted:plus it's usually a bad plan for a politician's job security to ignore the majority of your voting population im not sure this is actually true
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Jul 18, 2016 15:12
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ignoring the majority of the voting population is more like standard operating procedure
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Jul 18, 2016 15:13
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squidgee posted:they're super good at voting (you out of office), though if the tories wont trigger article 50, none of the other parties will, either
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Jul 18, 2016 15:13
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fart simpson posted:ignoring the majority of the voting population is more like standard operating procedure yeah but you can't be overt about it
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Jul 18, 2016 15:16
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SO DEMANDING posted:cue hoards of idiots who don't understand that ARM doesn't actually manufacture or directly sell chips, they just license designs too late for that. every story I've seen has described it as "Apple-supplier ARM"
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Jul 18, 2016 15:25
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Biodome posted:best part about tech giants thinking they're celebrities is stuff like Musk getting turned away at real celebrity event after parties and being like, Do you know who I am?! tj miller, B-list actor and weedlord of hit tv show Silicon Valley, meets Elon "Elon Musk" Musk at a party: quote:“Some Valley big shots have no idea how to react to the show,” Miller told me. “They can’t decide whether to be offended or flattered. And they’re mystified by the fact that actors have a kind of celebrity that they will never have—there’s no rhyme or reason to it, but that’s the way it is, and it kills them.” Miller met Musk at the after-party in Redwood City. “I think he was thrown by the fact that I wasn’t being sycophantic—which I couldn’t be, because I didn’t realize who he was at the time. He said, ‘I have some advice for your show,’ and I went, ‘No thanks, we don’t need any advice,’ which threw him even more. And then, while we’re talking, some woman comes up and says ‘Can I have a picture?’ and he starts to pose—it was kinda sad, honestly—and instead she hands the camera to him and starts to pose with me. It was, like, Sorry, dude, I know you’re a big deal—and, in his case, he actually is a big deal—but I’m the guy from ‘Yogi Bear 3-D,’ and apparently that’s who she wants a picture with.”
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Jul 18, 2016 15:34
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Sagebrush posted:tj miller, B-list actor and weedlord of hit tv show Silicon Valley, meets Elon "Elon Musk" Musk at a party: i read the entire thing in erlich's voice and was not dissapointed
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Jul 18, 2016 15:36
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squidgee posted:except they totally can if rates go negative enough to justify the risk of cash in a vault + security + insurance + the cost of space for a bunch of vaults, which neuters the ability of central banks to go deeply negative (think several full points, not bps). this is a legitimate concern for serious economists and central bankers right now, not just fringe loonies, which is totally insane. cool so our cyberpunk future is on schedule w/ makin paper money illegal
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Jul 18, 2016 15:38
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infernal machines posted:what, you think cops stop killing black people at the border? infernal machines posted:what's the acceptable rate of killing black people? mishaq posted:canadian levels in canada you just need to replace "black" with "native" and you're right back in mississippi canada was still sterilizing native women against their will up until the 1970s, and putting native children in "residential schools" (religious/social indoctrination camps) until the 1990s. and look up what a "starlight tour" is in the context of canadian police forces canada even already has its own BLM movement for the natives, called Idle No More canadian love to be all smug and righteous about the american treatment of black people but it's utterly shameful how many don't even know about the native situation here or assume it must be fine because canadians are just so nice and polite and friendly
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Jul 18, 2016 15:45
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Canadians don't have any black people to be racist against.
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Jul 18, 2016 16:01
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pro click if you wanna see some tech bubble playrooms https://twitter.com/ChappellTracker
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Jul 18, 2016 16:05
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H.P. Hovercraft posted:cool so our cyberpunk future is on schedule w/ makin paper money illegal can't wait for the awakening
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Jul 18, 2016 16:22
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Bhodi posted:pro click if you wanna see some tech bubble playrooms https://twitter.com/ChappellTracker this is amazing
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Jul 18, 2016 16:30
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