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FAUXTON
Jun 2, 2005

spero che tu stia bene


:sickos:

they're bernie or bust whether they know it or not

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FAUXTON
Jun 2, 2005

spero che tu stia bene

Lawman 0 posted:

that was supposed to be a tattoo?

It sounds like the tattoo wasn't depicting thunberg?

seems like one of those tattoos you end up paying a bunch to remove in a year lol

FAUXTON
Jun 2, 2005

spero che tu stia bene

Joementum posted:

number appears to be going up this morning :smugdon:

lol just a big ol party in the berlin bunker today

FAUXTON
Jun 2, 2005

spero che tu stia bene

where's the tweet about number

he's gonna make one isn't he

FAUXTON
Jun 2, 2005

spero che tu stia bene

petit choux posted:

You mean the one where he says it's all the democrats' fault that the market plummeted? Yeah,

nah the one about number being up this morning

FAUXTON
Jun 2, 2005

spero che tu stia bene

euphronius posted:

why do people think Warren ans sanders voters are similar

because they are very big brained pundits who make lots of money with their Takes

FAUXTON
Jun 2, 2005

spero che tu stia bene

Joementum posted:

guy next to me at the bar is arguing loudy with his friend that THC can cure coronavirus

at least he's not arguing for CBD oil

FAUXTON
Jun 2, 2005

spero che tu stia bene

he absolutely will not shut the gently caress up about the fed rate, I know it's a mix of number go up and cheapening his own business debt but goddamn

FAUXTON
Jun 2, 2005

spero che tu stia bene

cumshitter posted:

so happy that klobuchar dropped out. i work near little armenia town and i cant wait to tell every pale man with one eyebrow to eat poo poo tomorrow

just poo poo cum all over the nearest white SL550 it gets the point across better

FAUXTON
Jun 2, 2005

spero che tu stia bene

cumshitter posted:

i dont know how the fed rate would affect trumps business unless he is issuing corporate bonds

the point of lowering the fed rate is to make it cheaper for corporations to issue debt (bonds) as a way to fund business ventures. municipal bonds are tax free to residents of the state where they're issued, so they offer lower rates. treasury bonds and notes are taxable but they also have a guaranteed payment because the US government can print more money to meet their obligations. corporate bonds are only backed by being the first in line in case of bankruptcy if the issuer defaults.

corporate bonds have to pay more, in this order, than treasury and municipal bonds because of the risk premium involved, even if investment grade bonds are low risk. reducing the fed rate only lowers the barrier to corporations issuing bonds, since they can write off a portionn of their debt payments to owners of said bonds for a tax reduction. the only other alternative businesses have to raise funds is to issue stock, but that doesn't allow them to take tax deductions from either the issuance or the payment of dividends if they choose to pay dividends

prime rate is calculated off the fed rate and if trump has debt that adjusts based on prime he pays less when the fed rate gets cut

FAUXTON
Jun 2, 2005

spero che tu stia bene

also his brain is filled with rocks and piss so he probably believes the national debt's interest is the fed funds rate

FAUXTON
Jun 2, 2005

spero che tu stia bene

Gazpacho posted:

"if" ... he's in the real estate business

look I don't want to just assume he still borrows from actual banks

FAUXTON
Jun 2, 2005

spero che tu stia bene

lol I think the bullshit of these dropouts endorsing biden is more obvious than a lot of people think and it's not going to salvage biden's campaign, even the olds in my life are like "what are they doing they should be lining up behind bernie this is horseshit"

FAUXTON
Jun 2, 2005

spero che tu stia bene

cumshitter posted:

the prime rate is used to determine interest rates between two parties. like business loans between a small business and their bank

when you issue corporate debt in the form of bonds it has to be competitive within the bond market. prime rate doesnt affect bond issues from corporations

unless he's somehow repaid them he still owes Deutsche like 350 million in adjustable loans he took out to build Doral

FAUXTON
Jun 2, 2005

spero che tu stia bene

cumshitter posted:

like imagine someone in the 90's buying a trump casinos bond issued at a big red warning THIS BOND WILL DEFAULT credit rating but you look at the yield to maturity, or the absolute profit you will receive if all payments are made and the bond is repaid in full to the bond holder at the maturity date assuming interest rates dont change, and thinking "Hell yeah.... i can make a 16% profit if i hold on to this for five years"

imagine taking one look at trump and believing he won't default and then sue you for having the nerve to try and collect

FAUXTON
Jun 2, 2005

spero che tu stia bene

cumshitter posted:

its been a while since i reada bout it but my understanding is that trump built several casinos in the same block, eating into his own business like owning gas stations at the same four corners of an intersection, and was just floating out junk bonds that paid interest beyond any reasonable profit projections so lol

iirc trump's method was basically borrow a fuckton of expensive money to finance an abomination of a project, run it poorly, go bankrupt, then cut a licensing deal with the new owners to keep his name on the building and move on to the next hustle with a spritz of curve and a fresh tracksuit

FAUXTON
Jun 2, 2005

spero che tu stia bene

lol developing pica won't cure your autism but it'll certainly make the doctor talk about something else

FAUXTON
Jun 2, 2005

spero che tu stia bene

bigly prez got his rate cut now let's watch number go boom

FAUXTON
Jun 2, 2005

spero che tu stia bene

Number isn't taking off like expected lol

Zero it out big boy I want to refi at a negative rate

FAUXTON
Jun 2, 2005

spero che tu stia bene

Lmao 3 hours of trading left and number has been falling since the news about the fed cutting the rate, number doesn't give a poo poo today

FAUXTON
Jun 2, 2005

spero che tu stia bene


no it's great

FAUXTON
Jun 2, 2005

spero che tu stia bene

just checked number

FAUXTON
Jun 2, 2005

spero che tu stia bene

so how's everyone doin

FAUXTON
Jun 2, 2005

spero che tu stia bene

euphronius posted:

I’m not watching

how bad is it

idk I took a nap after work because I'd been up since 1:30 and was feelin fine bout bernie coming out of this with the most delegates

FAUXTON
Jun 2, 2005

spero che tu stia bene

Admiral Ray posted:

bernie already lost

well that's not great, maybe he can force a brokered convention and cobble together a big coalition majority there

FAUXTON
Jun 2, 2005

spero che tu stia bene

euphronius posted:

Bernie is winning Texas

I think we are ok

:woop:

FAUXTON
Jun 2, 2005

spero che tu stia bene

euphronius posted:

I’m breathing and ok

I hate elections

but are you really ok

I'm gonna go cook some carbonara, is bernie still gonna be ahead in delegates

FAUXTON
Jun 2, 2005

spero che tu stia bene

Glimm posted:

if Bernie can’t beat joe fuckin hair sniffing Biden how is he gonna best trumo

valid question but what if Bernie wasn't being kneecapped by warren and the dnc

FAUXTON
Jun 2, 2005

spero che tu stia bene

Glimm posted:

don't forget Bloomberg

ok and the rnc too

FAUXTON
Jun 2, 2005

spero che tu stia bene

Admiral Ray posted:

yeah but joe biden

JOE biEDN

mfer lookin like red skull in joker makeup

FAUXTON
Jun 2, 2005

spero che tu stia bene

Plinkey posted:

dont forget about CA

is that the state that got lit on fire by capitalism and doesn't mind

FAUXTON
Jun 2, 2005

spero che tu stia bene



and you're telling me I should trust this stupid-rear end fuckin state to vote for Bernie

FAUXTON
Jun 2, 2005

spero che tu stia bene

Was it american samoa that has a massive measles outbreak because they're all a bunch of wack-rear end antivaxxers

FAUXTON
Jun 2, 2005

spero che tu stia bene

CODChimera posted:

So who won what's going om

idk what if there are no answers to that question

what if we aren't real

FAUXTON
Jun 2, 2005

spero che tu stia bene

we good now?

FAUXTON
Jun 2, 2005

spero che tu stia bene

Warren will get primaried but the trick is that it'll be with another centrist

FAUXTON
Jun 2, 2005

spero che tu stia bene

CODChimera posted:

is bernie going to win or no?

yeah sure

FAUXTON
Jun 2, 2005

spero che tu stia bene

dude probably uses old rear end words like "saracen" without a hint of scholarship or irony and these idiots want to nominate him what the gently caress

FAUXTON
Jun 2, 2005

spero che tu stia bene

tenderjerk posted:

Should I be mad at elizabeth warren trump thread

yep

https://twitter.com/verge/status/1235191802157821954?s=19

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FAUXTON
Jun 2, 2005

spero che tu stia bene

hear that yall, primary's over *frantically hides map showing like 30 more states/territories having not voted yet* BIDEN WON HELL ON EARTH

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