[Doomsday Economics] Home of Kirbeh's FREE SLICE ($25 delivery fee)

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(Thread IKs: skooma512)

net work error: Feb 26, 2011

Mr Hootington posted:

That baseball player thing is blowing up big too.

We about to find out all sports are rigged not by colluding owners, but gambling addict players

Is there new Shohei stuff?

Also I have added Geopolitical Economy Hour to my podcast app for a trial run. I will report back at some point.

# ? Mar 26, 2024 01:59

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# ? May 25, 2024 04:45

Mr Hootington: Jul 24, 2008; I'M HAVING A HOOT EATING CORNETTE THE LONG WAY

Xaris posted:

lmfao at how fake vix is

P E R M A B U L L M A R K E T F O R E V E R

The markets and fed breaking vix was good in fact

# ? Mar 26, 2024 02:06

euphronius: Feb 18, 2009

the top is disconnected from reality. there is no reason it can�t go up for ever until political change

# ? Mar 26, 2024 02:06

Mr Hootington: Jul 24, 2008; I'M HAVING A HOOT EATING CORNETTE THE LONG WAY

net work error posted:

Is there new Shohei stuff?

Also I have added Geopolitical Economy Hour to my podcast app for a trial run. I will report back at some point.

It is very dry and dense, but very good. You will learn a lot.

# ? Mar 26, 2024 02:07

Zodium: Jun 19, 2004

Mandel Brotset posted:

I mean it�s probably also that having insurance is increasingly unlikely to translate into actually being able to get healthcare

the incentives run the right way.

# ? Mar 26, 2024 02:07

Xaris: Jul 25, 2006; Lucky there's a family guy
Lucky there's a man who positively can do
All the things that make us
Laugh and cry

Mr Hootington posted:

The markets and fed breaking vix was good in fact

oh yeah, whats so good about it?

other than my super low derivative options premiums so i can speculatively gamble more

# ? Mar 26, 2024 02:07

Harik: Sep 9, 2001; From the hard streets of Moscow
First dog to touch the stars; Plaster Town Cop

Mad Wack posted:

can you post the thread or w/e for the 23% of twitter users who no longer use the broken nazi tweet website

just paste the url into threadreaderapp.com or whatever the domain is, let it peruse the nazi site for you

# ? Mar 26, 2024 02:08

RealityWarCriminal: Aug 10, 2016

bad means good. i was alive in the 90s. therefore good must mean bad

# ? Mar 26, 2024 02:09

H.P. Hovercraft: Jan 12, 2004; one thing a computer can do that most humans can't is be sealed up in a cardboard box and sit in a warehouse; Slippery Tilde

a turkey is a bad person

# ? Mar 26, 2024 02:13

Xaris: Jul 25, 2006; Lucky there's a family guy
Lucky there's a man who positively can do
All the things that make us
Laugh and cry

$NVDA 2000c 7/4 calls going to print millions once king J-Pow cuts rates 🚀🚀 🙏. rate cuts plz

also lol adam is trying to get back into his failed business, didn't he get paid like $60 billion to go away or something? incredible deal

quote:

Adam Neumann, the co-founder of WeWork, has submitted a conditional bid of about $600mn for the bankrupt co-working company he led until 2019, according to three people briefed on the matter.

Flow, Neumann�s new property company, confirmed the offer on Monday, saying �a coalition of half a dozen financing partners � whose identities are known to WeWork and its advisers � submitted a potential bid� two weeks ago.

Neumann, who resigned as WeWork�s chief executive in 2019, has been courting potential investors for months to finance his effort to regain control of the company. But Flow did not specify who had agreed to step in alongside the entrepreneur.

Third Point, a New York hedge fund that Neumann named in a letter to WeWork last month as a �partner�, is not involved, according to people familiar with the matter. Baupost Group, another investment group that had held discussions with Neumann, was not involved either, said people familiar with the firm.

Neumann had not yet signed a non-disclosure agreement, two people familiar with the matter said. However, he has said that in addition to the roughly $600mn he is bidding for WeWork, he would also invest hundreds of millions of dollars in the company, they added.

# ? Mar 26, 2024 02:15

Xaris: Jul 25, 2006; Lucky there's a family guy
Lucky there's a man who positively can do
All the things that make us
Laugh and cry

lmao at EU private equity. remember when Embracer hoovered up cheap euro liquidity to buy a bunch of game developers and then flopped? oh yeah, they did that for the.... *checks notes* very profitable life insurance industry

quote:

Three years ago, British private equity firm Cinven was forging ahead in its quest to buy up chunks of Europe�s sleepy life insurance sector.

The buyout group owned mid-sized life insurers in Italy and Germany that it had expanded aggressively in an era of low interest rates, buying up books of annuities offloaded by other insurers.

A new �1.5bn fund, its first targeted specifically at financial services companies, would capitalise on Cinven�s �proven track record� investing in the sector, said Caspar Berendsen, a senior dealmaker at the private equity house, who co-led the strategy.

Its investment in Eurovita in Italy was on track to be moneymaking, Cinven told investors. The firm was so bullish on its German life insurer, Viridium, that it shuffled the asset between funds, a move that allowed it to extend its ownership and continue to pursue the group�s consolidation strategy.

The plan has since fractured. Eurovita fell into administration last year, as rising interest rates exposed balance sheet weaknesses. Cinven did not put in all the extra capital the regulator wanted, and the insurer�s policyholders rushed for the exit.

Berendsen left the firm later in the year. He declined a request for comment.

Then a banner deal from Viridium to acquire a $20bn back-book from Zurich collapsed in January. Germany�s financial regulator had been poised to block the deal on concerns over events at Eurovita and the private equity-fund ownership structure, according to people familiar with the matter.

That has thrown the private equity-backed insurance roll-up strategy into doubt, according to a person familiar with Viridium�s view: �It is clear that we can only keep growing if there is an ownership structure that BaFin will allow.�

Cinven declined to comment. A person familiar with Cinven�s position said it contributed significant capital to Eurovita, including buying back bonds as part of the liquidation, and that Viridium had a strong financial position.

The events, executives say, amount to the biggest challenge yet to private capital groups� foray into the life insurance sector.

One adviser to private capital groups said the Eurovita episode meant it was �one step forward, three steps back� for private equity�s standing with regulators after years of trust-building.

�The big question is, can the PE firms be a trusted owner of a life insurance company?� said Isabelle Santenac, global insurance leader at consultancy EY. That comes with taking �responsibility when there is a problem and [continuing] to inject capital and to sustain your subsidiaries�, she added.

Private capital groups have swept into life insurance since the financial crisis, with firms as big as Apollo, Blackstone and KKR either acquiring life insurers � providers of annuities and other products � and reinsurers, or striking strategic partnerships.

They found willing sellers in traditional insurers looking to dispense with capital-intensive business. Private capital investors have acquired more than $900bn in life and annuity assets in western Europe and North America, according to McKinsey & Company. This gave them access to a vast amount of assets that could be steered into private credit and other higher-yield assets to match insurers� long-term liabilities.

Encouraged by the Eurovita collapse, policymakers, regulators and some investors are now urging greater scrutiny of the special risks to insurers and their millions of policyholders created by this shift.

The IMF is urging regulators to consider the risks to the financial system posed by insurers either owned by � or whose assets are managed by � private equity groups. It calls them �PE-influenced� insurers. Such firms, it said, were �more vulnerable� to a credit downturn, due to their higher proportion of illiquid assets, a situation that could be �aggravated� by the embedded leverage in structured credit.

Jonathan Dixon, secretary-general at the International Association of Insurance Supervisors, told the Financial Times that while the sweep of private capital groups into the life insurance sector helped �fill a gap� left by traditional investors, it had �raised concerns about conflicts of interest, increased risk-taking, and internal governance that require enhanced supervision�.
...
Ownership structures have crucial differences, stress executives at private capital groups. They contrast a PE fund owner such as in the Eurovita example � where a short-term investment horizon and structure might clash with a life insurer�s needs � with an insurer that sits on the balance sheet of a big finance group, such as Apollo�s Athene or KKR�s Global Atlantic.

Blackstone, meanwhile, has opted against owning insurers outright, instead taking minority stakes alongside deals to manage their assets.

In Europe, Cinven�s problems have underscored the risks of the first model, they say. �All EU regulators are really down on PE fund owners right now,� said one insurance executive.

Private capital groups argue their ownership has made life insurers stronger, providing vital capital to the sector. When it bought the remainder of insurer Global Atlantic in November, KKR said the unit�s assets under management had risen in the time it has served as asset manager from $72bn in 2020 to $158bn in 2023.

Private capital executives argue that taking some liquidity risk, with strict asset-liability management, is a safe option. Athene�s fixed-income portfolio is 97 per cent investment-grade rated.

# ? Mar 26, 2024 02:18

Mr Hootington: Jul 24, 2008; I'M HAVING A HOOT EATING CORNETTE THE LONG WAY

Xaris posted:

oh yeah, whats so good about it?

other than my super low derivative options premiums so i can speculatively gamble more

Yep

# ? Mar 26, 2024 02:23

Harik: Sep 9, 2001; From the hard streets of Moscow
First dog to touch the stars; Plaster Town Cop

Mr Hootington posted:

https://twitter.com/paulkrugman/status/1771786159452024908?t=vfCYhHkmeE-7Z0830V1-2A&s=19

krugman is such a loving idiot, cost/gdp is an utterly worthless metric when gdp is measured entirely by rich fucks wash trading poo poo to ever-higher stupid numbers and all the financial speculation done on the back of that.

cost growth per capita hasn't changed much at all

in fact drawing the same "OBAMA WUZ HERE" line there... he successfully ended a period of slowing per-capita growth and spurred on greater health care costs for everyone. Number Go Up

# ? Mar 26, 2024 02:26

i am harry: Oct 14, 2003

Mr Hootington posted:

https://twitter.com/paulkrugman/status/1771786159452024908?t=vfCYhHkmeE-7Z0830V1-2A&s=19

it
was
millions
of
dead
americans
paul!!!

# ? Mar 26, 2024 02:28

Mr Hootington: Jul 24, 2008; I'M HAVING A HOOT EATING CORNETTE THE LONG WAY

Our brightest economic minds
https://twitter.com/jasonfurman/status/1772425826056683895?t=EgU4J14Zyvdqs0s7lhPFWw&s=19

# ? Mar 26, 2024 02:32

Shageletic: Jul 25, 2007

Yeah that rear end in a top hat had the ear of the presidency and fixated on a number that doesn't matter instead of helping people in the real world. gently caress that dude.

# ? Mar 26, 2024 02:32

cool av: Mar 2, 2013

Engorged Pedipalps posted:

This isn't really a new thing anyway, it's like suddenly noticing that all the tilapia was replaced with cod

It used to be all pear juice. I think they bulk out most juice blends with whatever relatively neutral flavored and colored juice is cheapest on the commodities market. I've seen it done with white grape juice too.

its how they add sugar but still get to call it 100% juice / no added sugar

# ? Mar 26, 2024 02:33

the popes toes: Oct 10, 2004

Xaris posted:

also lol adam is trying to get back into his failed business, didn't he get paid like $60 billion to go away or something? incredible deal

"He's courting investors." Why don't these fucks use their own money?

# ? Mar 26, 2024 02:35

Salt Fish: Sep 11, 2003; Cybernetic Crumb

i am harry posted:

it
was
millions
of
dead
americans
paul!!!

Worth it to score some Stacil-points on X the Everything App.

# ? Mar 26, 2024 02:37

Knight: Dec 23, 2000; SPACE-A-HOLIC; Taco Defender

Scrub-Niggurath posted:

I remember a class reading story in like 3rd grade where a kid discovers how to photosynthesize like plants but is convinced by the sensible adults not to reveal this literal cure for all world hunger ever, because it would put farmers and fast food restaurants out of business

I remember it confusing me as a kid, too, and it turns out it wasn't a Goosebumps books like I thought.

https://www.goodreads.com/en/book/show/239320

Number would go down

# ? Mar 26, 2024 02:38

Danann: Aug 4, 2013

Mr Hootington posted:

One of my favorite things about finance social media and news is they all posts graphs and half the time include some blurb how it is the fault of "woke", "china", or "socialism". They have no idea what any of those words mean.

It's pretty surreal because they operate on the same magical thinking of liberals. Only instead of thinking that the only thing preventing a golden age of job creation is the chuds, what they think is preventing the golden age of job creation is the WOKE DEI ESG.

# ? Mar 26, 2024 02:41

BrotherJayne: Nov 28, 2019

FizFashizzle posted:

https://x.com/AvengingDrake78/status/1771594738623184966?s=20

God i wish that was me

# ? Mar 26, 2024 02:42

Gunshow Poophole: Sep 14, 2008; OMBUDSMAN
POSTERS LOCAL 42069; Clapping Larry

Mr Hootington posted:

Our brightest economic minds
https://twitter.com/jasonfurman/status/1772425826056683895?t=EgU4J14Zyvdqs0s7lhPFWw&s=19

infinitely-expanding thunkface

# ? Mar 26, 2024 02:43

Xaris: Jul 25, 2006; Lucky there's a family guy
Lucky there's a man who positively can do
All the things that make us
Laugh and cry

Mr Hootington posted:

Our brightest economic minds
https://twitter.com/jasonfurman/status/1772425826056683895?t=EgU4J14Zyvdqs0s7lhPFWw&s=19

*dem no*: 80m to feed every schoolkid in america for free
*dem yes*: 800,000m for intel/boeing/united/tesla/ford/tsm/foxcon to do stock buybacks

# ? Mar 26, 2024 02:44

RadiRoot: Feb 3, 2007

i have no idea what krugman is arguing? is his point that healthcare is cheaper? cheaper the gently caress where?

# ? Mar 26, 2024 03:15

Mr Hootington: Jul 24, 2008; I'M HAVING A HOOT EATING CORNETTE THE LONG WAY

Xaris posted:

*dem no*: 80m to feed every schoolkid in america for free
*dem yes*: 800,000m for intel/boeing/united/tesla/ford/tsm/foxcon to do stock buybacks

I'll raise you this

quote:

https://twitter.com/jasonfurman/status/1772373689469751657?t=d22mlmZC7H6AqkOwD2y1SA&s=19
https://twitter.com/jasonfurman/status/1772373695895417254?t=nNKWXhtOZUo6Z4ISbGcG_A&s=19
https://twitter.com/jasonfurman/status/1772373700291047732?t=JCpiaTw333ITQjE54oZLkQ&s=19
https://twitter.com/jasonfurman/status/1772373704338473411?t=BybHOJUOO1zu21nmApSKFQ&s=19
https://twitter.com/jasonfurman/status/1772373713926676549?t=QsSWAEjn-TQVcPenicakNg&s=19

https://twitter.com/matthewstoller/status/1772421818076352735?t=AtudEwSyai4ObLZPxnsunw&s=19

# ? Mar 26, 2024 03:28

is pepsi ok: Oct 23, 2002

RadiRoot posted:

i have no idea what krugman is arguing? is his point that healthcare is cheaper? cheaper the gently caress where?

the explicit primary goal of the ACA was to control the rising costs of premiums, but it completely failed to do that. krugman is trying to claim victory on this by comparing how fast healthcare costs have gone up in recent years compared to GDP. this is easily explained by inflation + people dying from covid. it is very literally a coincidence.

# ? Mar 26, 2024 03:29

net work error: Feb 26, 2011

Mr Hootington posted:

I'll raise you this

SHUT UP SHUT UP SHUT UP

# ? Mar 26, 2024 03:36

Xaris: Jul 25, 2006; Lucky there's a family guy
Lucky there's a man who positively can do
All the things that make us
Laugh and cry

Mr Hootington posted:

I'll raise you this

he's right. as a vast significant $COST 160dca shareholder, i am very concerned about only being up 300% in 3 years.... rates and tax cuts plz j-pow

# ? Mar 26, 2024 03:46

RadiRoot: Feb 3, 2007

Mr Hootington posted:

I'll raise you this

ok fine, you convinced me. kill all computer touchers.

# ? Mar 26, 2024 03:48

RadiRoot: Feb 3, 2007

everything is ok

# ? Mar 26, 2024 03:52

Real hurthling!: Sep 11, 2001

RadiRoot posted:

everything is ok

# ? Mar 26, 2024 04:06

skaboomizzy: Nov 12, 2003; There is nothing I want to be. There is nothing I want to do.
I don't even have an image of what I want to be. I have nothing. All that exists is zero.

Xaris posted:

lmao at EU private equity. remember when Embracer hoovered up cheap euro liquidity to buy a bunch of game developers and then flopped? oh yeah, they did that for the.... *checks notes* very profitable life insurance industry

buying up life insurance companies in 2021 was definitely a smart play, certainly no mass casualty/death events going on then

# ? Mar 26, 2024 04:07

Woke Mind Virus: Aug 22, 2005

I'm not a numbermancer but my understanding is VIX is related to options prices. Options prices should be higher over the last couple years because they need to compete with Treasury interest rates. For example nobody is gonna sell a year long option for a 4% premium when you can just buy a Treasury for the same return.

So it's even more insane to me that VIX is this low when interest rates have gone up. I bet you can do some stupid poo poo like buy treasuries with your cash that is collateral for your short options so this doesn't actually matter.

# ? Mar 26, 2024 04:45

Maed: Aug 23, 2006

Xaris posted:

$NVDA 2000c 7/4 calls going to print millions once king J-Pow cuts rates 🚀🚀 🙏. rate cuts plz

also lol adam is trying to get back into his failed business, didn't he get paid like $60 billion to go away or something? incredible deal

https://youtu.be/xPIuQujpjGI?si=Q1lWaQs1jIR8zL81

# ? Mar 26, 2024 04:54

gradenko_2000: Oct 5, 2010; HELL SERPENT; Lipstick Apathy

https://twitter.com/JoshuaPHilll/status/1772276403402154011?t=5itLHsf8GOUE8IoY_K2vJA&s=19

# ? Mar 26, 2024 06:52

Xaris: Jul 25, 2006; Lucky there's a family guy
Lucky there's a man who positively can do
All the things that make us
Laugh and cry

healthcare plz

# ? Mar 26, 2024 07:18

Majorian: Jul 1, 2009

gradenko_2000 posted:

https://twitter.com/JoshuaPHilll/status/1772276403402154011?t=5itLHsf8GOUE8IoY_K2vJA&s=19

And some of you dare to say that posting isn't praxis.

# ? Mar 26, 2024 07:35

skooma512: Feb 8, 2012; You couldn't grok my race car, but you dug the roadside blur.

Xaris posted:

healthcare plz

We can't afford it. It was this or Israel.

# ? Mar 26, 2024 07:53

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# ? May 25, 2024 04:45

strange feelings re Daisy: Aug 2, 2000

Jesus Christ. How awful. I guess I never considered that one rogue ship could take out a giant bridge.
https://x.com/DrEricDing/status/1772518180717572110?s=20

# ? Mar 26, 2024 08:05

The Something Awful Forums > Discussion > C-SPAM > [Doomsday Economics] Home of Kirbeh's FREE SLICE ($25 delivery fee)

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