Pepe Silvia Browne posted:

if meet an rear end in a top hat in the morning,

woke operator posted:

my neighbors are complex people with nuanced qualities and complicated lives. and im going to kill every last one of them for hte crime of living near where i bought my house

woke operator posted:

like i dont believe all your neighbors are old but what if it was true. what were the circumstances here

Casey Finnigan posted:

My nephew watched the Ms Rachel videos on YouTube that are supposed to teach kids stuff. I don't know if it had any impact. But he recently learned the word "gently caress" and has been going around saying it. Idk might be related

woke operator posted:

interesting. so you want him to die

SirPablo posted:

Your neighbors are Americans (or live in America). Americans are assholes. By the associative property, your neighbors are assholes.

Casey Finnigan posted:

I'm normal too actually. I wear a shirt that says "NORMAL" so other people can tell at a glance

Eric Cantonese posted:

Who the gently caress enjoyed 2020? What kind of nutcase situation were you in?

Business Gorillas posted:

"The economy is falling apart because investors are asking for real world results"

SlimGoodbody posted:

Yes what was I unclear about, he's a massive piece of poo poo who threatens people and lets his dog attack everything and drunkenly yells racist trash in his backyard. After his dog mauled my cat in front of me he got drunk and tried to force his way past my wife into our house to take pictures of our drugged up invalid pet because we were "loving liars." He's a scumbag. He is not going to make an Act 3 shift into being a good person, he is an entitled and socially corrosive tyrant with money and I will only be freed from living next to him when he keels over from an aneurysm after screaming at his TV about Joe Biden again. The cops have come over enough times for who knows what reason that I have to assume he's friends with some cause he keeps not getting arrested for whatever it is they're showing up for.

woke operator posted:

what was the certification process like to allow you to decide whos a good enough person to live?

mycomancy posted:

The only thing worse than this derail are you loving weirdos jumping to the defense of a dude you don't know. Like, do y'all get paid to do this poo poo or is it just for the thrill?

mycomancy posted:

The only thing worse than this derail are you loving weirdos jumping to the defense of a dude you don't know. Like, do y'all get paid to do this poo poo or is it just for the thrill?

woke operator posted:

what was the certification process like to allow you to decide whos a good enough person to live?

mycomancy posted:

The only thing worse than this derail are you loving weirdos jumping to the defense of a dude you don't know. Like, do y'all get paid to do this poo poo or is it just for the thrill?

Xaris posted:

Pepe Silvia Browne posted:

me looking directly into a security camera above the underwear case "please open the case and let me buy this underwear. I promise to take it to the register and buy it with my money. please"

SKULL.GIF posted:

https://www.cnbc.com/quotes/JPY=

https://www.cnbc.com/2023/12/07/dollar-steady-euro-near-three-week-low-as-rate-cut-bets-rise.html

quote:

Companies rush to take advantage of sharp drop in borrowing costs
Bond issuance by US and European firms surges as market becomes more confident of interest rate cuts next year

Companies on both sides of the Atlantic are rushing to issue debt, taking advantage of the cheapest borrowing costs available in months following the sharp global bond market rally.

Corporate borrowers in the US and Europe issued $246bn worth of investment-grade and junk bonds in November alone — 57 per cent more than October’s total, and $16bn higher than the average figure for the first 10 months of the year, according to data from LSEG.

The flurry of issuance has continued this week, with highly rated borrowers including General Motors Financial, phosphate producer Mosaic and telecoms tower owner Crown Castle announcing fresh deals.

Further down the credit quality ladder, low-grade borrowers including Kinetic Holdings, automobile financing firm Credit Acceptance and residential mortgage company PennyMac Financial Services are among those joining the ranks of issuers in recent days.

“You don’t see that level of activity the week after Thanksgiving or into December” in a normal year, said Teddy Hodgson, co-head of Morgan Stanley’s investment-grade syndicate.

The acceleration in issuance follows a rapid shift in investor sentiment over the past few weeks, in which markets have begun to price in US and European interest rate cuts in the first half of next year. As recently as October, fears over “higher for longer” interest rates had pushed many companies to press pause on borrowing plans.

“There is definitely a wave of supply trying to get in before year-end,” said Maureen O’Connor, global head of Wells Fargo’s high-grade debt syndicate.

“All the stuff that is trickier throughout a more choppy market environment is finding a welcome reception,” she added. “[Conditions] are so vastly improved from where we were in October that you are seeing some of the more truly opportunistic stuff coming to the market.”

US bonds recorded their best monthly performance in nearly four decades in November, as softer-than-forecast inflation and jobs reports fuelled expectations that the Federal Reserve and the European Central Bank will begin cutting rates as soon as spring 2024.

Treasury yields, which move inversely to prices, have dropped sharply and translated into lower borrowing costs for companies across the credit spectrum.

The average yield for high-grade US bond issuers now stands at 5.52 per cent, its lowest level since July, according to data from Ice BofA. Junk bond yields, meanwhile, are now less than 8.4 per cent, also their lowest level since July.

“It does not feel like a market that’s hanging its boots up for the year. This is one of the most positive backdrops of the year,” said Mark Lynagh, head of global investment-grade finance at BNP Paribas. “[For companies] it’s a great time to go.”

As yields have fallen, the premium over Treasuries paid by corporate borrowers to issue debt has also dropped rapidly, as investors’ appetite for risk has increased. The so-called “spread” on investment grade bonds has fallen to 1.12 percentage points, around its tightest level since February 2022.

Part of the pick-up in issuance reflects “pent-up volume” from deals that had been expected in October and early November, said Richard Zogheb, global head of debt capital markets at Citi. However, there is also “absolutely a component of folks who are seeing [companies] coming to market and what they’re able to achieve, and saying ‘wow, this looks kind of attractive’”.

Pointing to the conflicts in the Middle East and Ukraine, he noted that “there’s still a lot of uncertainty in the world”.

“[Borrowers are saying], ‘if I can move quickly, maybe I should think about accessing this market’,” he added.

So far, overall volumes for the fourth quarter are not expected to be significantly higher than average because of October’s weak volumes, say bankers.

However, the decline in debt costs means that “a number of issuers [are] making a conscientious decision to get ahead of funding next year”, said Morgan Stanley’s Hodgson.

“The investment-grade market rarely holds for considerable periods of time at spreads [at these levels] other than extreme stimulus environments like we saw during Covid,” he added.

Many companies have looming refinancing needs. Investment-grade US companies, for instance, have a record $1.26tn of bonds coming due in the next five years, up 12 per cent from the previous year, according to an October report from rating agency Moody’s. Speculative, or junk-rated, maturities over the same period stood at $1.87tn across bonds and loans — also a new record.

Some said the rush to borrow could also reflect concerns that unexpected data or other developments — for example, a hotter than forecast inflation report — could trigger a reversal in bond yields.

“There is a sense that [the market] might continue to feel good, but it very well might not,” said Wells Fargo’s O’Connor. “So some companies are saying — ‘why not go now, and at least de-risk a portion of my funding needs — if not all of them?’”.

Citi’s Zogheb said the market was likely to remain solid until Christmas. “Ourselves and our competitors are out there encouraging people and saying ‘it feels really good’,” he said.

“Investors believe that inflation is under control and that we are heading for a soft landing . . . but no one knows for sure and things can change quickly.”

Xaris posted:

woke operator posted:

what was the certification process like to allow you to decide whos a good enough person to live?

SlimGoodbody posted:

The fundamentals are solid strong stout sturdy steady stable

Smiling serenely and making empathetic eye contact and gently resting my hand on your shoulder as I invite you to eat my poo poo and hair

blatman posted:

if u want to go to a theme park just visit dollywood like a normal person

Xaris posted:

Raskolnikov38 posted:

“Burn corn to keep warm, it makes a hot fire”

shrike82 posted:

https://twitter.com/lymanstoneky/status/1732775207662661936