The U.S. sold $13 billion in 10-year Treasury Inflation Protected Securities at negative 0.391 percent a record low negative yield for the third straight sale of the security

Joe_12265 · 8 days

Does this reflect deflationary expectations in the near-term?

alllie · 20 days

It's not about stupidity. It's about misplaced priorities, to put it mildly.

RegularOwl · 2 months

Please do let us know when the scientific journals publish the results of your obviously well thought out and robust research. Really, hasn't the Nobel science committee come a-calling? Any day now, I'm sure of it.

RegularOwl · 2 months

Of course blacks are not the only ones dealing with racism. But from an institutional perspective it's hard to find any minority group that experiences it so pervasively. (I'd say the treatment of women comes close, or is perhaps worse, but they're actually in the majority.)

igonjukja · 2 months

I'm similarly skeptical of ANY explanations from politicians of ANY stripe. In this case, tho, I do see the logic of their argument. Very interesting to have this refuted by the data. Of course, they won't let a small thing like evidence stand in the way of making their point.

igonjukja · 2 months

Correct -- this is what the trustee argues. Same thing happened with AIG, by the way. "Yes, we know that they completely destroyed the company, but we need their help to undo the mess that they made!"

Sounds like hostage-taking.

786yht · 3 months

Good for her! Drive home the message that this inequality is unconstitutional (and just plain wrong) by any non-violent means necessary!

igonjukja · 3 months

Nice to see a shout-out to Reddit, for once! If only all mainstream media would be this honest.

igonjukja · 3 months

No question -- this was a total fuck-up. But suppose they'd been able to hire and empower someone like Harry Markopolos. Would things have turned out differently?

igonjukja · 3 months

You make a good point but I'm not sure how germane it is to thrust of the article. I agree, there have been many articles that try to quantify the risks posed by derivatives and give an incomplete picture by only quoting the notional and ignoring the netted & collateralized offsets.

Rather, the point the author seems to be making here is not about the risk of a market this big, per se, but rather the fact that a market this big is wholly reliant on a benchmark that's not credible. Seems to me quite legitimate to use the notional to illustrate this.

igonjukja · 3 months

A crucial point for this TLDR is that the SEC, CFTC, UK Financial Services Authority, Department of Justice and the Japanese regulator are ALL still investigating and that several lawsuits have been filed.

igonjukja · 3 months

Ah, I see that you are not in favor of taxpayer-supported bailouts of the Too Big to Fail Banks. Quite right. Seems to me that the article is saying, "Hey -- lookie here! You know that thing that ruined the banks the first time (and stuck taxpayers with the bill)? Well, beware 'cause it's happening again."

This may be a case of shooting the messenger.

igonjukja · 3 months

It's interesting that you read that as taking sides. I thought that the author was only pointing out that the true risk may not fully be priced in and that, once it is, investors will start dropping it like it's hot.

igonjukja · 3 months

Shoot the messenger much?

igonjukja · 3 months

What would "fixing its problems" look like in your opinion? 'Cause even if they had 100% tax compliance and cranked the rate up to kingdom come, there is just. no. way. they can repay the debt.

igonjukja · 3 months

Ummm...i think the point is that it's unheard for the core countries of Europe post-WWII.

modernprogressive · 3 months

Poor people spend any unexpected cash that they receive while the rich are more likely to save. Thus you can better boost aggregate demand by by giving incremental income to the poor as opposed to the rich.

seventoes · 4 months

wpix news has awesome reporters. If you ever watch a full newscast, it's shockingly intelligent compared with the other local news coverage. Journalists that didn't forget how t be journalists.

igonjukja · 4 months

I agree, it's probably not yet time. Interesting about that Mankiw model though. And above all not a bad idea to ask the question though -- many think that both the housing and the dot-com bubble were caused in part by rates being kept too low for too long....

igonjukja · 4 months

Actually, the quote used by TFA seems to come from page 54 of the GAO report and not the summary, as you have guessed. It's not that the Treasury is not issuing pressers about the losers, did you even read the quote? They do issue press releases on losers like AIG but choose not to directly mention the costs attributed.

moz_1983 · 5 months

this is a bud light commercial.

igonjukja · 5 months

Sons of bitches.

sixbit

TROPHY CASE

sixbit

TROPHY CASE

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