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The hedge fund bailout came mostly from the guy that runs Citadel, the firm that takes all the order flow from RobinHood and can trade ahead of whatever Redditors are doing so will already be profiting hugely from this. I'm sure his money went in on terms that will make him an absolute killing when this settles down in a couple of weeks and the stock crashes. It's a funny story and all but the "let's own Wall St" angle is kind of dumb - a lot of Wall St makes money when people trade whatever the outcome, and big unpredictable swings just create the kind of situations where other hedge funds not caught out on the bad side of the trade pile in to make their own money.
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Jan 27, 2021 10:18
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Red Oktober posted:Yes, a fixed deadline. there are exceptions but that’s the general case. Yeah, as post above, if they wait out the bubble for the inevitable collapse, the shorters will make their money back, and some of those Redditors are going to lose what they put in, unless a retail brick-and-mortar games retailer is going to start to make a regular profit in a pandemic in the near future. I'd stick to tracker funds for any wannabe investors for the near future. Still... they're basically doing what James Bond did to Le Chiffre in Casino Royale. I hope the hedge fund had to get their bailout via a high stakes poker match.
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Jan 27, 2021 10:29
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Weasling Weasel posted:Yeah, as post above, if they wait out the bubble for the inevitable collapse, the shorters will make their money back, and some of those Redditors are going to lose what they put in, unless a retail brick-and-mortar games retailer is going to start to make a regular profit in a pandemic in the near future. I'd stick to tracker funds for any wannabe investors for the near future. Oh yeah, it's 1000% a huge bubble, the shorters will make their money back if they can stay liquid/in the positions until then. But when you have liabilities marked to market against something like this then it becomes very tricky.
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Jan 27, 2021 10:53
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https://twitter.com/tristandross/status/1353696186272804864?s=19 Useless loving party https://twitter.com/BBCNews/status/1354202462706671616?s=19
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Jan 27, 2021 11:12
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Well it's not like there's a non-poo poo alternative they could have promoted... https://twitter.com/PeoplesMomentum/status/1354157160339533825 Well it's not like there's a non-poo poo alternative they could have promoted... https://quaker-prod.s3-eu-west-1.amazonaws.com/store/b6168eaf84801d03b432e31a2e23cdca978eead9702008de68834b669a84
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Jan 27, 2021 11:17
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Going to be fun seeing the replies being a poo poo show while Boris doesn't comment at all https://twitter.com/jeremycorbyn/status/1354376737233240066?s=19
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Jan 27, 2021 11:37
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"Even Afghanistan" is an insane line.
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Jan 27, 2021 11:37
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https://twitter.com/BriefcaseMike/status/1354331750600736769 a clown party for clowns
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Jan 27, 2021 11:38
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sebzilla posted:"Even Afghanistan" is an insane line.
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Jan 27, 2021 11:49
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https://twitter.com/RichardJMurphy/status/1354331820318453760 The Aristoc-Opposition!
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Jan 27, 2021 12:12
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https://www.theguardian.com/uk-news/2021/jan/27/facebook-apologises-flagging-plymouth-hoe-offensive-term Plymouth Hoe is one of the most well-known sites in the UK’s seafaring history, the spot where Sir Francis Drake reputedly finished a game of bowls before heading out to fight the Spanish Armada. But Facebook has found itself in hot water after challenging some posts from local people who innocently mentioned the Hoe, mistakenly thinking they were using a misogynist term. The social media company has apologised for its mistake and promised to take steps to ensure residents and visitors can use the term in relation to the Devon landmark.
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Jan 27, 2021 12:29
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mmm yes electable and forensic
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Jan 27, 2021 12:29
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literally anything except criticising the government from our esteemed press https://twitter.com/juliamacfarlane/status/1354375431949053953?s=20
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Jan 27, 2021 12:30
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Jose posted:literally anything except criticising the government from our esteemed press weird how hong kong which is an international travel hub and also literally bordering china seems to be doing fine.
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Jan 27, 2021 12:35
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Look you can either stop international travel, in which case people won't die, or you can kill 100 thousand people, and nobody will want to travel internationally.
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Jan 27, 2021 12:38
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Jippa posted:https://www.theguardian.com/uk-news/2021/jan/27/facebook-apologises-flagging-plymouth-hoe-offensive-term Wait until they find out about Westward Ho!
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Jan 27, 2021 12:38
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i don't understand why people in this country needed to go on holidays during a pandemic last year anyway when you could just drive to a nice scenic car park and enjoy a flask of tea and a king size snickers in the car
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Jan 27, 2021 12:45
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Jose posted:literally anything except criticising the government from our esteemed press 
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Jan 27, 2021 12:49
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Guavanaut posted:~Busan~ This is not a fair comparison either, because [checks notes] the population density of South Korea is x2 that of the UK and the population density of Seoul x3 that of London. Why doesn't anyone understand the the UK is a special snowflake?
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Jan 27, 2021 12:53
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Jippa posted:https://www.theguardian.com/uk-news/2021/jan/27/facebook-apologises-flagging-plymouth-hoe-offensive-term Still the best sign in Plymouth. 
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Jan 27, 2021 12:53
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My boss tried to order me to go to Frankfurt yesterday and I greatly enjoyed telling him that would be illegal. Keep borders shut so I never have to go on work trips to incredibly boring German finance centres imo
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Jan 27, 2021 12:55
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Jose posted:literally anything except criticising the government from our esteemed press Population 24m.  Population 52m. 
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Jan 27, 2021 12:57
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I don't know about that, I saw a recent documentary film about the train line to Busan and things there seem really bad
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Jan 27, 2021 12:59
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so over the past day, especially with the whole 'Joanna Cherry sticking up for an antisemite' thing, I have become increasingly pissed off with the SNP's institutional transphobia to the point where I genuinely don't see value in an independent Scotland anymore if it's going to be as reactionary and neoliberal as the rest of the UK what's the loving point in independence if Scotland's just going to become Catalonia?
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Jan 27, 2021 13:03
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Jan 27, 2021 13:07
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Venomous posted:so over the past day, especially with the whole 'Joanna Cherry sticking up for an antisemite' thing, I have become increasingly pissed off with the SNP's institutional transphobia to the point where I genuinely don't see value in an independent Scotland anymore if it's going to be as reactionary and neoliberal as the rest of the UK to divide and conquer the UK
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Jan 27, 2021 13:08
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keep punching joe posted:Population 52m. 1.18 South Korea's per day baby! 
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Jan 27, 2021 13:08
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JeremoudCorbynejad posted:Won't this just mean the people who held GME stock in the first place making bank, when they get their stock back and its so much more valuable? The are gambling that the stock price will go up, not buying the stock itself. This is what makes this so much more obscene. https://www.bloomberg.com/opinion/articles/2021-01-25/the-game-never-stops This is a long arse article about it, search the term Gamma to get to the juicy bit.
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Jan 27, 2021 13:10
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lmao https://twitter.com/jasebyjason/status/1354396299542605825?s=20
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Jan 27, 2021 13:11
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https://www.youtube.com/watch?v=exJO-ci1X6o&t=81s
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Jan 27, 2021 13:13
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ItohRespectArmy posted:weird how hong kong which is an international travel hub and also literally bordering china seems to be doing fine. Ah yes but they are inscrutable orientals, they are genetically predisposed to be able to use basic health measures, unlike the strapping, freedom-loving brit
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Jan 27, 2021 13:14
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 https://twitter.com/inthesedeserts/status/1354402174483181569?s=20
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Jan 27, 2021 13:14
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Dishonored 3 looking good.
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Jan 27, 2021 13:14
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the apology tour is funny cause its one of those things that really strains the kayfabe of society like obviously by any metric a PM should resign after killing 100,000 of their own people but MPs dont resign anymore, plus we have precedent from the cameron times what we had back then was the PM killing hundreds of thousands of people for ideological reasons but in a way where the press couldn't admit it had even happened now the press are forced to admit it happened but they still don't want consequences and in fact there can't be any. there's no mechanism by which boris can be removed until he calls for an election against himself in 4 years time or the DEATH wing of the party takes over from him. the only consequence in the british system for MPs is that they should resign, but they dont anymore so theres no check at all and the wheels have come off. it reminds me of when the prince andrew stuff was going around and everyone knows hes a criminal but our society is built to prevent him facing consequences, the inability to talk about it honestly just makes the media surrounding it extremely bizzare, either fantastical denial or fantastical ideas of how magically the good things will happen despite all the mechanisms pointing the other way
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Jan 27, 2021 13:15
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WhatEvil posted:"Smart people" generally aren't that smart overall, and people really need to get that into their heads - just because a person is renowned for being good at one thing does not mean you should listen to them on anything else (and also often people who are renowned for one thing aren't even actually that good at that one thing they're supposed to be good at). I fall foul of the IQ thing as well. On paper I have a high IQ, 125-130 UK scale* as taken by two seperate psychologists. But this is just the speed my brain works. In practical terms I have a terrible education and at 40 it's drat near impossible to turn that around, especially at maths. I'm trying to learn, but my god am I super aware of my dwindling neuroplasticity. I also have next to zero political education, which is why I sometimes feel baffled looking at in-depth discussions that reference gramscian neo-gondorism and it's effects on the teutonic filibustering of the late seinfeld movements, especially when it's treated like an obvious step in reasoning that everyone on the left should be aware of. Listening to the pod I am always thankful for Jamie occasionally stopping things to ask what something is, because I am painfully aware of the holes in my northern Thatcher era education. I tried taking the Mensa test and ended up sub-average, which is one of the huge problems with it - the cultural bias in the question assumes you have been taught fibonacci sequence and prime numbers to the point you recognise them, as opposed to (in my case) having skipped over that lesson because it's assumed working class plebs will never need it working in a shop. Or someone from a village in another country with no formal education - if they took the test and worked out the fibonnaci sequence on their own, that would in real terms make them massively more intelligent than an etonian who memorised a formula after having it buggered into them repeatedly. It's also pretty ableist, not taking into account things like dyscalculia, physical disabilities affecting handwriting, dyslexia affecting comprehension, and mental health and motivational problems. Ultimately I don't feel like my supposedly high IQ has helped me have a better life. There's a reason there's a correlation between high IQ and mental health problems. I can't seem to hold down a job, I get frustrated doing things I know are inefficient, or working with systems I can see should be better but "that's the way it's done." And I am incredibly envious of anyone who can just get up in the morning and go to work and do the same thing every day, every week, and just keep going and be seemingly happy. They get so much more done than I do, sat here in a ball of anxiety afraid to do anything in case I gently caress it up. People get frustrated working with me because when I was younger I'd pipe up with ideas for better ways to do things, then after nobody did them or people did things the old way I'd stop chiming in with ideas and people would accuse me of getting sullen and uncommunicative. The only environment I've ever felt comfortable in was higher education, but again there are huge class issues there because the nature of the funding, and living arrangements for post grad is so loving tenuous, unless you're supported by a rich family and know the right people to get the right scholarships and bursaries, I don't see how it's possible to survive. To relate this to the last page or two's discussion of stocks, that's another socially ableist profession - rich people who gently caress up just declare bankruptcy, hide all their assets using the right accountant and then are right back at it after a short break. Poor people who don't know the right tricks end up on the streets. Like you say, there are a ton of people who are intelligent and quick witted working in non-prestige jobs who, with the right start in life, could have been anything they wanted. They could even have been doing the same job, but as their own boss and making 100% of the value of their labour instead of the 5% or whatever their employer gives them. Instead they languish in half lives, kept busy by this obscene keynesian-malthusian garlic press. Like a working class version of Ginsberg's Howl, only not as racist and about working in Aldi instead of sex and drugs. * The US scale is calibrated differently, which is how you get Tarantino claiming to have an IQ of 140 and claims that Einstein had an IQ in excess of 160.
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Jan 27, 2021 13:16
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"Next time there's a pandemic we'll do better, we promise."
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Jan 27, 2021 13:17
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Jippa posted:https://www.theguardian.com/uk-news/2021/jan/27/facebook-apologises-flagging-plymouth-hoe-offensive-term The Scunthorpe curse.
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Jan 27, 2021 13:19
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That plus an air rifle is my summer food plan. Why specifically two? Is it by implication not protected to say that there's one, three, seven, or that sex is a bimodal bin and intersex people are legitimate as are trans people? it's because it was written by terves, i know 
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Jan 27, 2021 13:19
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this is a proposed amendment to the hate crime bill by a tory shithead the proposed amendment by the SNP's Humza Yousaf is still obviously a bone thrown to terfs though less openly terrible https://twitter.com/JoanMcAlpine/status/1354387729484804099
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Jan 27, 2021 13:20
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its gonna be pretty funny when he's reelected in 2024
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Jan 27, 2021 13:20
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