14,997 karma · joined May 16, 2012
Many nations can blow stuff up but to actually project power, you need a mobile air base.
When something has been there for 20+ years switching costs are big.
Despite the war aims being nebulous, illegal, and ever changing, none of them would be advanced by bombing a girls school.
This was such a delightful realization I felt the need to comment anyway.
Pretty simple.
The beauty of MBS floaters is that you’re relatively insensitive to prepayments because to a first approximation they’re always priced at par.
From an investor standpoint, as they say, you’re making maybe SOFR + 1.5%. That’s not a very sext return. But let’s say your banks repo desk is willing to finance the purchase at 5% down. Then you can lever up your investment 20x and now you’re a big shot making SOFR+30%, which is very sexy. But what’s that, when your lever like that, a tiny decline in price wipes out your entire stake (Welcome to 2008).
That's where I imagine all my deleted data goes.
https://www.eater.com/2015/1/26/7860903/amanda-cohen-royal-c...
It wasn't just an omelette on top of a waffle (and both of them the size of a medium pizza). As you strayed from the edges toward the center it became difficult to see where the waffle ended and the omelette began.
Such a shame they went out of business.
But those 37mm in Phoenix are probably going faster than 8mph.
That being said, it seems criminal to take an enormous management fee while sending a company into bankruptcy.
(Insert old man rant “Why are everyone’s headlights so gosh darn bright these days?!”)
His final show is coming in May, and I'm sure that they can expect Colbert to continue to embarrass them (as the spineless sycophants they are) every week until then. It's a tremendous self own.
And generational wealth and serious political power.
She said “It’s just not often I hear that here.”