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So you have a massive short position in treasuries then? How are you trading this conviction?

I really hate this whole false equivalency thing. I have to point out that "refusing to support" something when you're in the minority and don't pull a filibuster in the Senate, as was the case with Democrats in 2006 has no impact on the actual payment of U.S. debt or cause any risk of voluntary...

The "military industrial complex" was a warning in Eisenhower's farewell speech, a very prescient warning it turns out, that warned between having too close of links between politicians and the companies that make military hardware because it would lead to runaway spending on the military...

So you started with a reasonable and factual description of the Eurodollar market and at least a cursory description of foreign treasury holdings (although you failed to mention the reason for those holdings with respect to trade). But then you made some crazy logical leap to veer off into SWIFT...

Depends on the broker and what they're calculating it for. IB at least used to count the value at zero if there was no bid and start autoliquidating you, but The Algorithm was stupid enough you could put a bid in low enough not to get hit and it would use that to MTM. I think real brokers use last.

It's important to differentiate between a "low risk" strategy and one uncorrelated with the stock market. There is certainly value in adding uncorrelated assets to a portfolio, but it's important to remember that just because an asset is uncorrelated doesn't mean it is low risk, those are two...

And this type of "advice" is precisely why you pay a professional $300 an hour to do what they're experts at instead of getting advice from the internet.

You're not telling us the whole story here. You can certainly trade non-marginable securities in your account at Schwab. You simply can't use margin to trade non-marginable securities. Which means you have to wait until they settle before you sell them unless you have enough in settled funds to...

It does just get added to your basis, so when you finally do the easy thing and stop trading it for 30 days before or after Jan 1st you can take the loss for tax purposes that year.

The debt ceiling is a completely manufactured crisis that is used almost exclusively by Republicans to throw red meat to their rubes who don't understand what it means. Congress passes budgets and allocates spending, then they decide that..... because debt ceiling, they aren't going to pay those...

I hope to God you were being sarcastic? Hire a guy whose only business experience was inheriting a farm he collected government subsidies on and who knows absolutely nothing about technology to start and run an online media company. What could go wrong? Is this what "only hiring the best people"...

Mt Gox is probably an apt analogy. The knock-on effects this time around will be much greater, though, given the much greater size of the market now. Which might make it harder to bounce back, both because more people will remember being burned and because there will be plenty of stories of...

That's why crypto just dropped 25%?

Now you're asking for internal consistency in thought process......way too much to ask for in that crowd!

BTC just crashed 25% for no apparent reason. What magnitude of decline do you think the implosion of stablecoins would produce?

If tether crashes, do you think the crypto you're holding will be unaffected? Correlation coefficients aren't your friend here!

He won't answer you, he actually doesn't appear to be capable of listening, only speaking.

In the Soviet Union for years they officially had no AIDS cases. By @DT-waw dipshit logic, that either meant that AIDS was fake or we should have been following their example. What a moron.

I think the group that would support an FTT all got distracted by that equally ill-conceived billionaires tax.

I question if that actually covers this situation. When I read up on it, there seems to be a lot of clever word use that actually doesn't say what it leads us to think it says. For example, Binance.US states that they hold their USD deposits in a pooled account at a bank that is covered by FDIC...