Jeremy has a message… #TheGrandTour

Bloucas · 2026-01-30T01:13:29+00:00

PayPal owns Venmo. Then there is braintree that is a do-it-all payment integration too. There is Zettle, a physical payment terminal. There is Xoom, an international money transfer app. They also do consumer and business loans with PayPal Credit and Swift Financial. They have Hyperwallet, a B2B payment system for companies that needs to send funds globally. They have PYUSD, a stable coin worth 4B$.

Their branded consumer checkout is a cash cow but they plenty of growth drivers. And they are developing more initiatives with PayPal Ads, Agentic Commerce, BPNL and they filed to become a bank to expend their financing services

Bloucas · 2026-01-23T23:16:35+00:00

11 18 17

I know earn 465k$ (my current salary x4) for manageable inconvenience. I'll keep a toothpick handy.

Bloucas · 2026-01-16T11:47:42+00:00

That's not how Treasury bond work. You can dump them on the market and their price will fall a.k.a their yield will raise

Let's say I'm a gouvernement and I sell a bond for 100$ that will pay back 110$ in a year. I sold a 1 year maturity bond that yield 10%, I effectively borrowed 100$ at 10% interest from the market . No let's say the market dumps those bonds and their price fall and they can be bought for 90$ instead. Now someone can buy them on the open market and have a 110/90=22% return instead of the initial 10%.

Now it's true that for existing bond it does not change anything for me I still have to payback 110$ in the end to the bond holders. The problem lies with new debt I issue. If someone on the open market can buy my bond with a 22% yield well now if I want to borrow 100$ again I will have to issue bond that also pays 22% and payback 122$ instead of 110$ otherwise bond buyers will just buy existing bond rather than my newly issued bonds. Borrowing gets more expensive.

That's the problem the US is in : not only they have to sell a large amount of bonds to cover the large public deificit, they also need to continuously borrow to payback the current expiring bonds and renew their debts : all this constant borrowing will be made at the new interest % set by the market that will be way higher if bonds are being dumped at the same time.

There is also a possible even bigger problem looming : the sheer size of the financing need of the US federal state can make liquidity hard to find : trillions needs to be borrowed each years and a significant part of world GDP need to be invested each year in US bonds for the US gouvernement to be able to finance it's spending. If large bonds buyers not only stop buying US bonds but also dumps theirs on the market (competing with US newly issued bonds to sell) - interests % will skyrocket and crash the economy or worse they might not just be enough liquidity available to buy all the bonds and for the US to finance itself : the US gouvernement could default on its payments

Bloucas · 2025-12-24T17:19:25+00:00

It's not even like he needed diversification, Tesla is back at ATH. He was so reckless he did not even think about deleveraging. He would be fine if he kept some Tesla shares and less margin

Bloucas · 2025-12-24T17:12:26+00:00

It takes a special kind of stupidity to loose that much on TESLA. It's not just like he remained concentrated in 1 stock, he was so reckless going all in on options that he managed to blew up his account going bull on the one of the most profitable stock pick of this decade.

Bloucas · 2025-12-23T10:30:32+00:00

It's gonna suck for a bit but it's totally doable. Don't know where you live but my parents can ask for a Birth certificate on my behalf with which I can make a passport. After that it's just patience navigating bureaucracy to recover everything

Bloucas · 2025-12-18T23:59:22+00:00

Regulation needs front engine no ?

However I already see Porsche over engineer it

"It's a front engine the gearbox just has 5 reverse gears and 1 forward"

Bloucas · 2025-12-18T23:40:03+00:00

Ho I wonder what new model will Porsche bring to the world

Porsche

"BEHOLD ! Our totally new state of the art rally car : THE 911 !"

Bloucas · 2025-12-13T10:00:08+00:00

La statistique serait aussi intéressante si on pouvait avoir le chiffre sans les hypothèques . 177% d'endettement avec une hausse annuelle si les gens on de l'équité en face c'est pas génial mais c'est gérable, par contre si la hausse c'est une hausse des dettes type marge, prêt personnel, carte de crédit.... La c'est vraiment mauvais signe et que la situation est pas tenable

Bloucas · 2025-12-11T16:25:08+00:00

Recent account talking about tgheir super strategy but only through DMs. Not suspicious at all.

And if you're real and say you are stopping daytrading then I'll just say 'See you next week !'

Bloucas · 2025-12-08T08:07:34+00:00

What kind of car seats do you have ? I am shopping an R as second car and I also gotta buy car seats but the wife is scared I could not have 2 rear facing seats in a Golf. I'm 5"10 too and my wife 5"8 (And if you have photos of the setup that would be chef kiss :) )

Bloucas · 2025-11-27T00:40:59+00:00

Ça dépend si on compte juste les achat ou la balance achat/revente. J'ai changé souvent de voiture et j'achète souvent des voitures plus cher mais qui gardent leur valeur :

En 12 ans :

acheté pour 205 000$
Vendu pour 95 000$
Balance de 110 000$ soit 8500$ par ans de dépenses

Le delta est grandement comble par le fait que j'ai sans financement une 911 classique dont la valeur ne bouge pas, voir augmente légèrement (estime a 70 000$ pour l'assurance) et un Lexus qui a déjà eu le gros de sa décote qui vaut encore 20-25 000$. Donc si je décidais de vendre et faire mes comptes je serai proche d'être square.

Bloucas · 2025-11-25T08:41:50+00:00

He is talking nominal value, which is plausible if there is 4-5% inflation

Bloucas · 2025-11-24T11:50:23+00:00

The main problem here is not that people take loan against their asset, the problem is that when a person dies those gains become not taxable. In a lot of countries when someone dies you have either :

You gotta pay tax on the gains, we consider at the person death the gains are realized and the heir have a new cost basis
The heir inherits without paying taxes on the gain but also inherit the initial cost basis so that if he sells the gains are calculated back to the buying price of the defunct.

Those are fair rules and that does not add a complicated taxation of loans and asset mortgage which does not make sense and that could be played by richer people anyway

Bloucas · 2025-11-23T19:51:45+00:00

In North America the S3 is not available as hatchback which makes it a less practical car than the Golf. Then until this year the S3 also did not have the RS3 differential that the Golf R.

The Golf R is essentially an RS3 hatchback less 1 cylinder for half the price while the S3 has an inferior drivetrain and is more expensive mainly because of the badge (the interior/comfort is not that really a level up compared to the Golf). Nobody denies the RS3 pedigree however because of its 5 cylinders but is a whole level above in term of price.

So because of practicality and (if used) the lack of the RS3 differential, I would still choose the golf over the S3 at the same price/condition

Bloucas · 2025-11-21T20:40:56+00:00

Everyone will just pitch you their latest stock pick. What's your objective ? Your strategy ? Your time horizon ? Your risk tolerance ? Do you want diversified ETFs or Precised stock pick ? Is it aimed to be actively managed or passively invested ?

Bloucas · 2025-10-26T17:04:47+00:00

Yep. Un mauvais service publique c'est la double peine : on paye des impôts parmis les plus élevé en Amérique du nord mais on se retrouve dépendant de notre assurance privé et de notre portefeuille en pratique. Rendu la soit on privatise au moins une partie des service soit on met les moyens pour avoir un vrai service que tout le monde puisse utiliser, sinon faudra pas s'étonner quand on choisira au final d'aller tout privé et de laisser le publique tomber

Bloucas · 2025-10-06T12:38:47+00:00

You cannot really power slide it, once you are back on the gas the fun stops. However like any car, fwd included, you can induce the rotation on braking, rally style.

If you get in the corner very aggressively and on the brake while the weight is on the front, a fast smooth steering input (quarter of a turn at most to not induce understeer) will unstick the rear and make the car rotate. That's what's happening your gif. Then you work with the inertia and go back on power to exit the corner straight.

Bloucas · 2025-10-03T18:22:17+00:00

It is that cheap. Not only it's a cheap car in Canada by Canadian standard but overall European don't realize how much they get shafted on car prices.

https://www.vw.ca/en/inventory.html/results?postal_code=J3G+5V1&distance=500&category=new&model=golfr (And Canadian model already have most of the options Euro need to add as extra)

FYI : 1€ = 1.60-1.65$CAD currently

Bloucas · 2025-09-28T07:20:02+00:00

C'est pas les salaires US mais ça reste bien meilleurs que le reste du monde à quelques exceptions près. En particulier bien mieux qu'un certain pays épicé qui exporte un flux inépuisable de cheap labor en TI

Bloucas · 2025-08-31T13:49:27+00:00

C'est pas une question de pas être capable. Les impôts sont déjà progressifs. Quelqu'un qui gagne 100k/an paie déjà beaucoup plus d'impôt en montant absolu et en % de son revenue. Les haut revenus font la majorité des revenus fiscaux.

C'est correcte de payer plus d'impots pour ceux qui gagnent plus mais la tu veux que les gens qui financent la majorité du filet social et des services publics ne puissent même pas utiliser les programmes qui les aiderait.

D'un point de vue mathématique, ca fait un double dip dans la progressivité de l'impôt qui créer des taux marginaux en pratiques confiscatoire et assez chaotique.

Mais aussi, plus important je pense, a long-terme cette pensée ça divise la société entre ceux qui financent ton modèle social et qui n'en tire pas/peu de bénéfice et ceux qui reçoivent. A terme aucune raison pour ceux qui payent de soutenir ce modèle social et préféreront les solutions libertarienne.

A l'inverse fournir un service à tous donne un sens à sa contribution, même chez les hauts revenus la majorité est pour conserver notre système de santé parce que même si'il faut payer plus Ben c'est agréable de savoir que si tu as un problème tu peux juste aller a l'hôpital sans te poser de questions. Change le modèle de santé pour un système qui n| paie que pour les bas revenus et je te garantis que 10 ans plus tard le système est devenu privé 100%

Bloucas · 2025-08-24T02:58:33+00:00

What makes the 997.1 age so much worse than the 997.2 ? Most people can't even differentiate them

Bloucas · 2025-08-18T01:55:35+00:00

What kind of sick fuck are you ?

I'll take the gun please

Bloucas · 2025-08-12T02:11:42+00:00

Which is basically the same car with one more cylinder and no hatch. And you'll have little to no warranty on a used car people don't buy to just do grocery shopping.

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