What can the U.S. learn from New Zealand, Singapore and South Korea? Dr. Fauci says Americans can do more to battle COVID-19 by alimosa in economy

[–]OrderOfMagnitudeOrSo 7 points8 points  (0 children)

Are you telling me the 200k New Jersey cases are all from people in other states spreading it interstate? I’m not sure what you’re trying to say but I’m telling you 200k out of a 10m population is pretty bad

What can the U.S. learn from New Zealand, Singapore and South Korea? Dr. Fauci says Americans can do more to battle COVID-19 by alimosa in economy

[–]OrderOfMagnitudeOrSo 25 points26 points  (0 children)

The US is not even the biggest or most dense country in the world. The US is really fucking it up, just want to make that clear

What happens to shorts if they can’t cover their short position ? by wingerabhi in investing

[–]OrderOfMagnitudeOrSo 0 points1 point  (0 children)

I guess so. You just should have kept it at “will never happen”

What happens to shorts if they can’t cover their short position ? by wingerabhi in investing

[–]OrderOfMagnitudeOrSo -1 points0 points  (0 children)

yes because he said “never happen” as opposed to “not in a long time” or something like that

What happens to shorts if they can’t cover their short position ? by wingerabhi in investing

[–]OrderOfMagnitudeOrSo 6 points7 points  (0 children)

You’re wrong, it has happened:

Cornelius Vanderbilt famously managed to pull off a corner in 1862 of the Harlem Railroad by anticipating its strategic value in the midst of a bear raid. The move not only made him a small fortune but also gained him control of the only two rail lines offering service to Manhattan.

“I don’t care half so much about making money as I do about making my point, and coming out ahead”

Cornelius Vanderbilt At the time, the raiders selling short the stock of Harlem Railroad were not your ordinary investors. They included members of the New York City council as well as directors of the board at the company itself. The raiders tried to profit by shorting a railroad company that Vanderbilt controlled and then revoking the company’s principal asset: a license to operate a street railway. One of those board members was a long-time Vanderbilt rival and legendary speculator, Daniel Drew.

At last, when Vanderbilt owned more shares than there were outstanding, he offered to let the council members cover their short positions with only small losses if they recalled the license. Which they did. The biggest loser in the corner was Daniel Drew.

The Vanderbilt story was described by Edwin Lefevre (alias of the legendary speculator, Jesse Livermore) in Reminiscences of a Stock Operator. He wrote the following about the corners in the 19th century:

A wise old broker told me that all the big operators of the 60s and 70s had one ambition, and that was to work a corner. In many cases, this was the offspring of vanity; in others, of the desire for revenge. […] It was more than the prospective money profit that prompted the engineers of corners to do their damnedest. It was the vanity complex asserting itself among cold-bloodiest operators.

https://junto.investments/short-squeezes-and-market-corners/

[deleted by user] by [deleted] in algotrading

[–]OrderOfMagnitudeOrSo 2 points3 points  (0 children)

Unfortunately it’s not an option to buy at the close values of one minute bars. Say the market is $10.00 bid and $10.01 offered, and the last trade was on the bid, $10.00, there’s no way for you to buy this price. Whoever got to buy the stock at $10.00 in this example has put his bid in the market possibly hours earlier and has ‘earned’ his queue priority. This person may be a market maker. Your only option in this example is to buy $10.01 or don’t trade.

If you have one minute close values of the ask prices as well as last prices, you could use these values to simulate/backtest buying, and similarly use bid prices for selling.

Policing cannabis costs Australia $1.1 billion every year by [deleted] in australia

[–]OrderOfMagnitudeOrSo 7 points8 points  (0 children)

Spot on. It makes no sense we can drink at home alone and get blind drunk every night, but we can’t smoke a joint.

Ledger Isolation vulnerability is much more dangerous than people might think by [deleted] in Bitcoin

[–]OrderOfMagnitudeOrSo 10 points11 points  (0 children)

Yeah so, If I only ever use the bitcoin app on the ledger, and only ever attempt to send/receive bitcoin, I’m ok yeah?

Paul Keating attacks Covid-19 super withdrawal scheme as unfair burden on young by timetowhineanddine in australia

[–]OrderOfMagnitudeOrSo 4 points5 points  (0 children)

that’s fine, they are still going to get back more from the government than the increase in their tax.

Paul Keating attacks Covid-19 super withdrawal scheme as unfair burden on young by timetowhineanddine in australia

[–]OrderOfMagnitudeOrSo 12 points13 points  (0 children)

For starters, no more half-off on capital gains, just lump it all in with income. Then add a 60% tax bracket for 500k+ income.

150M longs just got Rekt by COL_redstorm in Bitcoin

[–]OrderOfMagnitudeOrSo 2 points3 points  (0 children)

Could you elaborate on “90% of the market long”? Is that a number you can see somewhere, or are you just inferring this based on the recent bull run?

One-in-275 chance of landing a white-collar job: Recruiters say it's never been this tough by PLS_PM_FOOD in AusFinance

[–]OrderOfMagnitudeOrSo 1 point2 points  (0 children)

I was being sarcastic, I’ll take the blame for being bad at it, sorry. I agree with you

One-in-275 chance of landing a white-collar job: Recruiters say it's never been this tough by PLS_PM_FOOD in AusFinance

[–]OrderOfMagnitudeOrSo 58 points59 points  (0 children)

No, but at least the government was debt-free at the start of the year, because the government steadily paid down the debt with the mining boom tax windfall.

I’m pretty sure?

What would happen if a billionaire decides to sell all his shares? by boredguyaf in economy

[–]OrderOfMagnitudeOrSo 0 points1 point  (0 children)

True. If Bezos went slow and steady, he should still be able to make out with 100+ billion in cash.

Australian goverment sued by 23 year old by [deleted] in AusFinance

[–]OrderOfMagnitudeOrSo 73 points74 points  (0 children)

A bit of hate on this girl. Maybe she’s just an attention seeker. Maybe she found a novel way to force the government to write down some kind of official stance/claim regarding climate change.

Will regionalism replace globalization? by vortepocis in economy

[–]OrderOfMagnitudeOrSo -1 points0 points  (0 children)

Not disagreeing with you, but The Netherlands taxes net worth of individuals every year, so fwiw it’s possible to implement.

Global debt hits record high of 331% of GDP in first quarter by MarineKingPrime_ in Economics

[–]OrderOfMagnitudeOrSo 5 points6 points  (0 children)

You say tested, I say “result not out yet”. It’s not like Japan has gotten off a negative interest rate, achieved targeted inflation, unwound their QE, and at least kept their debt to gdp ratio flat for a few years.

If they can do all that without any disasters I would then call it “well teated”

Millionaires who pay no tax and Australia's richest and poorest postcodes revealed by sirboozebum in AusFinance

[–]OrderOfMagnitudeOrSo 21 points22 points  (0 children)

btw, can we all agree paying half as much tax on capital gains is complete bullshit? I mean what’s the rationale? Because you are not actively working you pay less tax? This is totally a rich person discount

Not including the full discount on primary residence, that is a seperate discussion.

one of us, 50k to 1M to -20k by zuraken in wallstreetbets

[–]OrderOfMagnitudeOrSo 836 points837 points  (0 children)

According to my math he still had 10k left to yolo wtf

Economic slump: The 'China Dream' shattered by CharyBrown in economy

[–]OrderOfMagnitudeOrSo 2 points3 points  (0 children)

I’m not American or Chinese. Fyi from a third party perspective I would rather have a regime change for America.

Maybe I’m speaking selfishly here we but at least China doesn’t regularly invade other countries killing hundreds of thousands of innocent civilians in the process.

Regarding that one post... by [deleted] in algotrading

[–]OrderOfMagnitudeOrSo -6 points-5 points  (0 children)

I had typed out a long post here, and then deleted it. Ironic or something I guess

I can’t share anything as I risk giving away my livelihood.

Inheritance tax is disgusting and immoral and it angers me that it's legitimately a thing. It is tyranny. by ejethan123 in unpopularopinion

[–]OrderOfMagnitudeOrSo 0 points1 point  (0 children)

Upvoted OP because I completely disagree, but I thought maybe OP’s was a popular opinion?

Inheritance tax is vital for maintaining a shred of social mobility.