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What is the actual cost of holding Bitcoin? not a market dynamic. this is futures pricing 101.

exhange margin for a spread varies from 3k to 20k. It’s negligible

There is literally a hundred billion dollars at work looking for arbitrages like this. I’m not referring to your spot vs futures trade. I’m saying futures vs futures where I don’t have to hold bitcoins or worry about basis between exchanges. Unless there’s a carrying cost, the futures curve is...

Raising the minimum wage is another topic that is not relevant to the topic of additional Covid stimulus.

no. The arb community would not let that happen. The spread is 3percent over like 4 months. There’s some other reason.

None of this answers a basic question: If Bitcoin has no carrying costs, then the futures should trade exactly in line with eachother. Why are they in contango?

I'm not saying that at all. I'm all for the safety net. I'm a huge proponent of it. Original unemployment was enough to help someone on hard times but not enough to encourage them to not look for a job. During the peak of covid, it probably made sense to provide a bit more than normal - like...

chinese e-cig company. China is tightening regulations on e-cigs.

I think this trade can lose a lot. Don’t under estimate the speed that vol can come down.

Thank you for understanding.

Inflation because there will be demand for goods and services from free government stimulus and no supply because few job takers. It’s already happening. taxes have to go up. Covid was the greatest wealth transfer in american history. First by Trumps incompetence and now Biden’s giveaway.

It’s not our story. It’s the story of the 16 recruiting firms we use throughout all the states we have facilities.

What’s your point? I’m saying that they had no incentive to look for another job. I get that jobs weren’t easy to find then but it created a perverse incentive that they shouldn’t look for a job. And now to continue it as the economy is reopening is beyond stupid. I thought you understood all...

well, you couldn’t quit and get the unemployment. So you had a weird situation. If you were earning 7.7 hour cleaning horse poop, you were out of luck.

Of course it’s a bad thing! You are paying more taxes in order to have the privilege of spending more money on goods and services! So that a bunch of people can choose not to work. Start a business. Hire a bunch of workers at $15-20 an hour. Understand how people at that wage level think (both...

In my state non of those were an issue. In fact we had the opportunity to lay everyone off for one day a week and they all got the 600 benefit.

Why are you bring up the election? I'm very confused with this response. The last stimulus bill plus the enhanced unemployment made it difficult for those firms still hiring people (despite unemployment being like 20MM people).

I'm not Canadian. I don't know why you would get that impression. I doubt you worked at Citadel, but that's great if you did. I had a great experience on Wall Street but am happy that i left. However, I still trade which is why I frequent this trading site. Why do you?

when unemployment was 600/week, no one wanted to work. We had people skirting the line of getting laid off so they could collect the enhanced unemployment.

we have evidence of it from the unemployment benefits Trump offered in March. stop with the “let’s implement the dumb policy and see how it works.” Trumpers were using that argument for all his shitty policies.