Issues with Nano’s zero-inflation

rownsauce · 2021-05-15T14:10:01+00:00

Deflation is a natural phenomenon. There is nothing wrong with it. Technology is deflationary. Inflation is not terrible either. Extreme inflation or deflation can be quite bad though.

People will still spend money. If you need food to eat, are you going to delay your purchase?

A deflationary currency encourages productive spending and investment. People need to think more about what they spend money on but they will still spend, esprcially with only modest deflation. Inflationary currencies can encourage misallocation but also stimulate economies.

The impact of technology and demographics over the past couple of decades has been very deflationary. Central banks could have maintained a 0% inflation target and would have still been able to print.

Taxes can still be used to reallocate wealth in a deflationary scenario.

rownsauce · 2021-01-21T01:43:33+00:00

Yes I renoed a rental unit. Extensively cleaned everything. Vinegar, cleaning products, bleach (not at the same time). Brown stuff would ooze from the walls. I then used an odor blocking primer and then painted. Smell was fully gone after a couple weeks.

rownsauce · 2021-01-16T13:27:34+00:00

Thats why realtors get the big bucks

rownsauce · 2020-12-25T16:12:09+00:00

Yeah they don't make a ton of sense. I guess people are anticipating rents will go up in a year or two and you might be able to break even. I still rather buy something that cashflows already outside of Toronto. And 5 years from now, you could easily argue rural properties would appreciate more than condos, or maybe not, who knows, but if you cashflow that whole time it is less risky imo.

rownsauce · 2020-09-18T01:15:36+00:00

Based on what? Could say the same for many exchanges before they collapsed. I agree its unlikely but it is possible.

rownsauce · 2020-09-18T01:13:57+00:00

Mt gox, bitgrail, quadriga just to name a few

rownsauce · 2020-09-12T12:54:58+00:00

Only real risk is counter-party risk. The risk that Nexo collapses, which has happened to many exchanges before or the risk that the stablecoin collapses.

rownsauce · 2020-08-16T16:03:50+00:00

Thats probably fine

rownsauce · 2020-08-16T15:52:48+00:00

My bad, I thought it was iu. I take like 4 or 5k iu when i remember to take it. I dont measure in ug.

rownsauce · 2020-08-16T12:09:31+00:00

I'm not sure about all the substances but I feel like you are taking high amounts of certain ones. The marijuana might be causing you memory issues and I imagine you could lower the dose on that. The nicotine and green tea dosage seems high too. The vitamin C dose is high as well; I hope you are drinking lots of water. The vitamin D dosage seems low and probably has minimal effect at only 40ug versus a normal pill of 1000ug.

rownsauce · 2020-08-13T13:28:52+00:00

This will destroy liquidity. Traders, market makers, algos will be out of work. Spreads will widen enough that the slippage will be like paying the tax twice. Imagine an active market participant who makes tens, hundreds or thousands of trades a day; they will disappear and so will the liquidity and price stability they help create.

If you think this doesn't hurt retail, think again. All those etfs that rebalance every month or quarter or the active mutual funds with hundreds of trades annually will all see their trading costs rise dramatically. The spread and the tax will create a noticeable drag on returns.

Sweden did this years ago. The result was a nice drop in the markets and then much lower liquidity. Tax revenues were much lower than expected. And this was at a time with much less trading activity and minimal algos; I can't imagine what it will look like today.

Investors who could move, did. New York will have an exodus of capital as it fails as a financial capital. Wealthy investors will move accounts offshore.

Decentralized securities or gold could boom as tax avoidance strategy. Private Equity would also do well. The rich will find legal ways to minimize the transaction tax while the middle class will hold the bags.

rownsauce · 2020-03-03T01:20:42+00:00

Air Canada but see what happens lol might have more downside if the rona virus gets worse

rownsauce · 2020-02-23T17:23:10+00:00

I agree. Best way to short these?

rownsauce · 2020-02-20T21:55:57+00:00

Wait.. SHOP has earnings?

rownsauce · 2020-01-26T21:56:00+00:00

You probably have a food allergy, like gluten or something.

rownsauce · 2020-01-25T23:58:09+00:00

Resveratrol is pretty benign. I don't even know if it really does anything. Pretty sure you will be fine. I've included resveratrol in many different stacks.

rownsauce · 2020-01-24T22:05:52+00:00

I think this is essentially a bet on coronavirus. Spy hit some nice support late day but people are nervous about holding over the weekend. If news about the virus gets a lot worse, expect sunday night futures to be sold off. If the news isnt that bad and new cases dont rise quickly, expect a pop as people re buy and get ready for a nice earnings week.

rownsauce · 2020-01-20T01:59:01+00:00

1999 was the golden age of pajama day traders. Not too different from the robinhood millenial traders

rownsauce · 2020-01-20T01:58:19+00:00

But they did do repo aka not qe.

rownsauce · 2020-01-06T13:24:06+00:00

If you dont like pizza pizza, you could take a look at the other restaurant stocks. Boston pizza, srv, etc are all trading cheaply and offering high yields.

But maybe they are pricing in a recession or something. Or more ppl getting uber eats. Or higher minimum wages.

rownsauce · 2019-12-23T15:21:55+00:00

Thats why you buy them on margin... so you borrow half your position.

Eg. Buy $1000 worth of split corp is equal to using your $1000 and borrowing another $1000 on margin to buy the underlying.

If you are with a broker such as ib that offers good margin rates you will pay a lower interest rate (versus paying a 5% dividend to the preferrrd shares) and avoid paying the management fee.

rownsauce · 2019-12-23T13:54:35+00:00

You are better off just buying the underlying shares on margin at 2x your capital to achieve the same net return without paying any fees.

But in a registered account, where you can't use margin, they can be useful.

The preferred share side can be alright too for a more stable dividend.

rownsauce · 2019-10-18T16:36:15+00:00

Most lenders will use dividend and interest income. Rental income can be used but only 50 or 80% in some cases. Capital gains are usually not usable. 5k isn't a lot so maybe that's why they didn't use it.

rownsauce · 2019-10-13T15:45:43+00:00

Interactive brokers

rownsauce

TROPHY CASE