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V. Illych L.
Apr 11, 2008

ASK ME ABOUT LUMBER

it's mostly farmed salmon these days

also we've got about a year's supply of sheep meat on ice

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Squalid
Nov 4, 2008

are farmed salmon still dependent on sea monkeys imported from the USA as food as fry? Because that was the funniest anecdote about international food logistics I read in the last few years.

V. Illych L.
Apr 11, 2008

ASK ME ABOUT LUMBER

i'm not that up-to-date on the business, but last i heard they were feeding them tons and tons of krill and starving the polar seas

the dirty secret is that we could probably replace it with environmentally much less harmful GMO plant matter, but because we're trying to keep our outright subsidies down we need our GMO rules to make no sense at all to give agriculture an advantage

Junior G-man
Sep 15, 2004

Wrapped in a mystery, inside an enigma


That was some of the most informative posting I've seen in a while OD, many thanks!

Dawncloack
Nov 26, 2007
ECKS DEE!
Nap Ghost
Yeah it was great.

cosmin
Aug 29, 2008
Great read OD, better written than a lot of subscriber-only editorials!

Squalid
Nov 4, 2008

brine shrimp are super important in aquaculture because babby fish are very picky eaters with smol mouths. Brine shrimp are great logistically because their eggs can be shipped dry and have a shelf life measured in years. They can then be hatched as needed and used as feed for young fish until they reach a size large enough to switch to something larger. Apparently you can now buy them from more countries than the USA, unfortunately for Europe those countries are Russia and China.

The ultimate holy grail of aquaculture is to breed salmon and bream and even tuna that can live and grow on a diet of corn and soy beans. I think scientists are still working on that, but they are constantly trying to reduce the proportion of fish pellets that has to be made of krill/bait fish/mermaids and increase the proportion that's plant based.

edit: looking it up it doesn't seem brine shrimp have been used that much for rearing Atlantic salmon. I think they are much more important with Mediterranean bream however.

Squalid fucked around with this message at 21:00 on Mar 25, 2020

V. Illych L.
Apr 11, 2008

ASK ME ABOUT LUMBER

under normal circumstances i'd ask the people in my office working on lipid metabolism in atlantic salmon, but uh you know quarantine

Orange Devil
Oct 1, 2010

Wullie's reign cannae smother the flames o' equality!
So give them a call. Tell them it's important, someone on the internet needs to know. I'm sure they'll appreciate it.




Also thanks guys, I do like the appreciation for a couple hours of posting work.

OwlFancier
Aug 22, 2013

You've got a much more resiliant brain than me because I can't look at finance poo poo without it just ossifying in my skull.

Cat Mattress
Jul 14, 2012

by Cyrano4747
I just love the contrast between what they say ("optimizing the core focus to generate value") and your translation ("poo poo is hosed").

mortons stork
Oct 13, 2012

Orange Devil posted:

So give them a call. Tell them it's important, someone on the internet needs to know. I'm sure they'll appreciate it.




Also thanks guys, I do like the appreciation for a couple hours of posting work.

Absolutely excellent analysis, informative and an enjoyable read. I just hope it didn't fry as many neurons as it would've fried in my brain to read and summarize that poo poo.

An insane mind
Aug 11, 2018

I want to join the rest in saying very good read OD, just 'slightly' alarming and frustrating that they won't, themselves, feel any consequences of this shitshow.

Antifa Poltergeist
Jun 3, 2004

"We're not laughing with you, we're laughing at you"



All these cash reserves that corporations supposedly have all sound sus as poo poo.its like velocity of money doesn't even exist to these things.its gonna turn out they have all of it sitting in bonds or superspecial vehicles that they basically own one another.


Joke answer: it's all on vix

OwlFancier
Aug 22, 2013

"humous" sounds like the absolute worst fusion of the greek food and leaf mould.

E: ok wrong tab but you know what, I'm gonna leave it here, it's the EU thread, you figure it out.

An insane mind
Aug 11, 2018

OwlFancier posted:

"humous" sounds like the absolute worst fusion of the greek food and leaf mould.

E: ok wrong tab but you know what, I'm gonna leave it here, it's the EU thread, you figure it out.

Ho-ho-ho how humousous :D

Junior G-man
Sep 15, 2004

Wrapped in a mystery, inside an enigma


Antifa Poltergeist posted:

All these cash reserves that corporations supposedly have all sound sus as poo poo.its like velocity of money doesn't even exist to these things.its gonna turn out they have all of it sitting in bonds or superspecial vehicles that they basically own one another.


Joke answer: it's all on vix

Pretty much, I can't remember all the latest regulations but there's a bunch of loopholes that allow banks to not just use treasuries, but a wide range of assorted stuff, as their capital buffer. I.e. it doesn't need to be cash, it just needs to be a liquid asset. This is part of what made the 2008 thing so terrifying because a bunch of banks and institutions were allowed to use mortgage-backed products as their (already-thin) capital buffers.

In other news, US Real Investment Trusts (REITs) - essentially the new CDOs for real estate debt - are being loving swamped at the moment. We sure have learned a lot.

An insane mind
Aug 11, 2018

Junior G-man posted:

In other news, US Real Investment Trusts (REITs) - essentially the new CDOs for real estate debt - are being loving swamped at the moment. We sure have learned a lot.

'We' have though? If things go belly up, government will step over the weakest citizens to bail you out.

In some personal good news: I finally officially joined the dutch socialist party ^_^

Dawncloack
Nov 26, 2007
ECKS DEE!
Nap Ghost
Sorry for the potentially silly question: you have double checked it's socialist, right?

Not, """""socialist""""" like the one in Spain, aight?

Entropist
Dec 1, 2007
I'm very stupid.
It's socialist, but only for white boomers. Refugees can go get deported and unite with the workers of their own country.

Antifa Poltergeist
Jun 3, 2004

"We're not laughing with you, we're laughing at you"



I don't think there's a mainstream socialist party left in Europe that isn't really a third way type. not trying to murder unions/social safety net/the poor is basically the best you can hope for.

Combat Theory
Jul 16, 2017

Boris Johnson has Coronavirus. First Charles now him.

Covid-19, the great Equalizer.

mike12345
Jul 14, 2008

"Whether the Earth was created in 7 days, or 7 actual eras, I'm not sure we'll ever be able to answer that. It's one of the great mysteries."





Combat Theory posted:

Boris Johnson has Coronavirus. First Charles now him.

Covid-19, the great Equalizer.

we'll look how equal it is once the shortage of beds and medical equipment starts

A Buttery Pastry
Sep 4, 2011

Delicious and Informative!
:3:

Combat Theory posted:

Boris Johnson has Coronavirus. First Charles now him.
"A tomb now suffices him for whom great was not enough."
- epitaph on the equestrian statue of Boris riding his mighty bicycle, Khoiroméricephalus

mortons stork
Oct 13, 2012

Combat Theory posted:

Boris Johnson has Coronavirus. First Charles now him.

Covid-19, the great Equalizer.

οἴμοι, τάλας!

Combat Theory
Jul 16, 2017

A Buttery Pastry posted:

"A tomb now suffices him for whom great was not enough."
- epitaph on the equestrian statue of Boris riding his mighty bicycle, Khoiroméricephalus

Orange Devil
Oct 1, 2010

Wullie's reign cannae smother the flames o' equality!
So the Dutch Central Bank is opposing the unlimited buying programme of the ECB because it "might lead to hyperinflation".

The reasoning they are following is literally that too much inflation will tip over into hyperinflation. That is ofcourse patently untrue. Hyperinflation is not "a lot of inflation", hyperinflation is qualitatively different from inflation, even high inflation. It has wholly different causes.

It's sobering to realize that I apparently know more about hyperinflation than the president of our central bank because I wrote a bachelor's thesis on it like 12 years ago.

Antifa Poltergeist
Jun 3, 2004

"We're not laughing with you, we're laughing at you"



We are going a level over hyperinflation.
We're going ultrainflation.
Colossal inflation?

What's the saying?
"It is difficult to get a man to understand something, when his salary depends upon his not understanding it."

mortons stork
Oct 13, 2012
Hmm yes hyperinflation a definite risk in the economic zone that barely managed to stay above deflation this past decade.

BlankSystemDaemon
Mar 13, 2009



Antifa Poltergeist posted:

We are going a level over hyperinflation.
We're going ultrainflation.
Colossal inflation?
Unfortunately it doesn't fit on the only right scale, which is Doubleinflation, Multiinflation, Ultrainflation, Monsterinflation, and Godlike inflation.

mmkay
Oct 21, 2010

This is a level beyond Hyperinflation. I guess you could call it Hyperinflation 2.

Dawncloack
Nov 26, 2007
ECKS DEE!
Nap Ghost
So, when people like him dig in in their positions, where are they coming from?

Is calvinism really that strong? Is it the dragon stash of German industrialists? Is it the clients of their own tax haven? Is that man SO steeped in ideology (Ordoliberal or Austrian) that his answer is reflexive and he didnt even look at any data? Is he a Russian asset?

What on earth?

Cat Mattress
Jul 14, 2012

by Cyrano4747

mmkay posted:

This is a level beyond Hyperinflation. I guess you could call it Hyperinflation 2.

Goku, take my energy and go even further beyond.

Kassad
Nov 12, 2005

It's about time.

Dawncloack posted:

So, when people like him dig in in their positions, where are they coming from?

Is calvinism really that strong? Is it the dragon stash of German industrialists? Is it the clients of their own tax haven? Is that man SO steeped in ideology (Ordoliberal or Austrian) that his answer is reflexive and he didnt even look at any data? Is he a Russian asset?

What on earth?

We're all morons while he's a galaxy-brain supergenius, obviously.

Antifa Poltergeist
Jun 3, 2004

"We're not laughing with you, we're laughing at you"



Dawncloack posted:

So, when people like him dig in in their positions, where are they coming from?

Is calvinism really that strong? Is it the dragon stash of German industrialists? Is it the clients of their own tax haven? Is that man SO steeped in ideology (Ordoliberal or Austrian) that his answer is reflexive and he didnt even look at any data? Is he a Russian asset?

What on earth?

Antifa Poltergeist posted:


"It is difficult to get a man to understand something, when his salary depends upon his not understanding it."

suck my woke dick
Oct 10, 2012

:siren:I CANNOT EJACULATE WITHOUT SEEING NATIVE AMERICANS BRUTALISED!:siren:

Put this cum-loving slave on ignore immediately!

Dawncloack posted:

So, when people like him dig in in their positions, where are they coming from?

Is calvinism really that strong? Is it the dragon stash of German industrialists? Is it the clients of their own tax haven? Is that man SO steeped in ideology (Ordoliberal or Austrian) that his answer is reflexive and he didnt even look at any data? Is he a Russian asset?

What on earth?

yes

Orange Devil
Oct 1, 2010

Wullie's reign cannae smother the flames o' equality!

mortons stork posted:

Hmm yes hyperinflation a definite risk in the economic zone that barely managed to stay above deflation this past decade.

You're actually making the same error the Dutch CB president is here. Deflation and inflation are obviously related concepts that are quantitatively different from one another, but affected by the same factors. Hyperinflation is something qualitatively different. High inflation doesn't lead to hyperinflation. A collapse in public trust in the currency/government leads to hyperinflation. Basically if you don't believe you'll be able to fulfill your tax obligations using euros next year, or if you believe your neighbours no longer believe they will be able to fulfill their tax obligations in euros next year, is when you'll see hyperinflation.

Owling Howl
Jul 17, 2019

Orange Devil posted:

You're actually making the same error the Dutch CB president is here. Deflation and inflation are obviously related concepts that are quantitatively different from one another, but affected by the same factors. Hyperinflation is something qualitatively different. High inflation doesn't lead to hyperinflation. A collapse in public trust in the currency/government leads to hyperinflation. Basically if you don't believe you'll be able to fulfill your tax obligations using euros next year, or if you believe your neighbours no longer believe they will be able to fulfill their tax obligations in euros next year, is when you'll see hyperinflation.

Ok but can't high inflation lead to a collapse in public trust in the currency?

V. Illych L.
Apr 11, 2008

ASK ME ABOUT LUMBER

Owling Howl posted:

Ok but can't high inflation lead to a collapse in public trust in the currency?

it'd have to be *really* high inflation

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V. Illych L.
Apr 11, 2008

ASK ME ABOUT LUMBER

like, several hundred percent in a year probably, in a highly debt-laden society where the creditors are themselves deeply in debt in other currencies *might* create enough of a cascade for something like that

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