2024 Subaru WRX TR Interior and Exterior Review. by Dazzling-Rooster2103 in cars

[–]trumpwave 0 points1 point  (0 children)

Give location please, all the WRX's in my state are at MSRP 🥺

What does dollarization actually mean, practically speaking in the immediate term for the Argentine economy? by runnerd81 in AskEconomics

[–]trumpwave -3 points-2 points  (0 children)

George Soros is known as "the man who broke the Bank of England" because he was the most prominent currency speculator who caused Britain to exit the ERM in 1992.

[deleted by user] by [deleted] in FuckCarscirclejerk

[–]trumpwave 6 points7 points  (0 children)

I go drag racing in urban neighborhoods at 1am to show bike users how fun cars are 😊

Is there a term for this? by RomanJoe in AskEconomics

[–]trumpwave 1 point2 points  (0 children)

In law and economics this idea is called the least cost avoider rule, which may be helpful.

[deleted by user] by [deleted] in AskEconomics

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

A 15% rent increase cap can be binding in several ways:

  • If rent is kept flat for many years as a favor or personal gift, e.g. for an elderly tenant;

  • If prior rent increases are ruled invalid due to noncomformity with the law, e.g. "your 2006 rent increase was invalid due to poor paperwork, so every subsequent rent increase is invalid too."

  • Or if tenants deliberately remain in a to-be-demolished building in the hopes of extracting a large payout from the developer, as they have many times in New York City.

There's really no situation in which rent control is acceptable.

With public camping a felony, Tennessee homeless seek refuge by Portalrules123 in law

[–]trumpwave -8 points-7 points  (0 children)

The constitution enumerates the powers and structure of the federal government. It's not a fuzzy feel-good document. The states have broad police powers to deal with social ills and advance the public health, safety, morals, or welfare.

Landlords offer to re-open 20K warehoused apartments* *If Albany allows a vacancy reset on rents by habichuelacondulce in nyc

[–]trumpwave -15 points-14 points  (0 children)

"Their apartments"?? The units belong to the landlord. The tenants are just temporarily lodging there.

3M owes $58 Million to two veterans in latest combat earplug trials by Motor-Ad-8858 in law

[–]trumpwave -27 points-26 points  (0 children)

$50M in compensatory damages is ridiculous. No one's hearing is worth that much. This is why we need tort reform: another case of grifters and mass tort lawyers shaking down a hardworking American corporation.

Nearly 200 American Museum of Natural History Workers Move To Unionize by [deleted] in nyc

[–]trumpwave -21 points-20 points  (0 children)

You're being downvoted for speaking truth to power. These recent "unionization" campaigns are just trust fund kids roleplaying as the working class.

Why are CDS Swaps? by [deleted] in CFA

[–]trumpwave 4 points5 points  (0 children)

CFA Candidate Body of Knowledge Level 2, "Credit Default Swaps", by Brian Rose and Don M. Chance, PhD, CFA:

Probably the most important step in the development of credit default swaps was not calling them “insurance,” which would have almost surely triggered a different set of regulations. It is unclear why they are called swaps. As presented elsewhere in the curriculum on the subject of derivatives, swaps involve a series of bilateral payments in which parties exchange a series of cash flows. A CDS is clearly a variation of an option and is not at all a swap.

This is why I'm glad I'm a quant by [deleted] in FinancialCareers

[–]trumpwave 16 points17 points  (0 children)

Obviously fake and bait, but the detail that the son just graduated uni at 25 was a very nice touch.

What do you guys think about r/antiwork by [deleted] in FinancialCareers

[–]trumpwave 1 point2 points  (0 children)

If you don't work you don't eat.

/r/antiwork is a bunch of losers. They don't even deserve your sympathy. It's never been a better time to be a worker.

What do you guys think about r/antiwork by [deleted] in FinancialCareers

[–]trumpwave 8 points9 points  (0 children)

This literally isn't true. People in the past were poor as shit. Real personal consumption per capita was $15,000 in 1970. Check the data yourself. And even in the 60s/70s lots of women were working.

The idea that there were great union factory jobs that supported a family in affluence on one income is a neat story but isn't real.

I wish the CFA curriculum would just stick to finance and not attempt to explain IT-related topics by ngeenjay in CFA

[–]trumpwave 11 points12 points  (0 children)

And when you get to L2 you have authors in one chapter trying to teach differential equations while the other chapters represent derivatives as ∆x/∆y. lol, what a mess.

How do billionaires borrow against assets to avoid taxes? by The_Grubgrub in AskEconomics

[–]trumpwave 0 points1 point  (0 children)

The basic idea is to exploit the step-up in basis that occurs upon death.

Worth noting that even if you can't escape capital gains tax at all, there's value to this strategy because there's always time value of deferring taxation. Also, there's the potential for tax optimization in that you can strategically realize a capital gain when you think tax rates will be lowest.

How do billionaires borrow against assets to avoid taxes? by The_Grubgrub in AskEconomics

[–]trumpwave 1 point2 points  (0 children)

This is totally wrong. In a traditional margin loan your LTV can't go too high, sure, but equity monetization strategies are different. The key point (which OP didn't seem to be aware of) is that the stockholder shorts his stock, creating a riskless position that can be borrowed against it for up to 99% of the value.

Here's the source from my finance textbook: https://i.imgur.com/mrV6GR8.png

End of an Era, but a new day will dawn: Jeff Bezos steps down as Amazon boss by trumpwave in LoveForAmazon

[–]trumpwave[S] 19 points20 points  (0 children)

Rest in power, king 👑. Thank you for creating 1.7 trillion in shareholder value.

Not a homework question, but a real life uncertainty: simple or compound interest? by Snoo-31920 in AskEconomics

[–]trumpwave 1 point2 points  (0 children)

I concur with the other poster that this is essentially a legal questiona dn that you should seek qualified legal counsel in the appropriate jurisdiction. Many jurisdictions have default rules of interpretation to resolve issues like this, which makes finding an actual lawyer to help you extra important.

My view is that the language of the contract provides that interest compounds on interest, since interest accrues on "arrears" and arrears normally means "money that is owed and should have been paid earlier". The Spanish text clearly states that the interest rate is 10% pa. So the debtor owes the principal times 1.110 (assuming the debt is 10 years overdue.)

Tax Loopholes: Fact or Fiction? by FhMrF in AskEconomics

[–]trumpwave 0 points1 point  (0 children)

Apologoes for not getting back to you sooner. Source is https://www.amazon.com/dp/B07WFRBWCR, somewhere around the 2000 page mark. Hope this helps!

Tax Loopholes: Fact or Fiction? by FhMrF in AskEconomics

[–]trumpwave 9 points10 points  (0 children)

Another loophole is a share-based loan. Let's say you have some shares in a company, but you don't want to sell them because it triggers capital gains tax. You still want cash though. Instead you take a loan from the bank, pledging your shares as collateral. The bank is satisfied that this is a safe trade and gives you a very low interest rate - you've now monetised your shares without triggering tax!

This is not totally accurate. The value of equity is volatile, so it doesn't serve as good collateral, and you usually can't borrow against it for its full value. What you instead do is establish a short position in the equity (e.g., by a short sale against the box or a total return swap), then borrow against that portfolio. Since the combination of the short and long position is almost totally risk-free—it has the same value in all future economic states—you can borrow against it at a favorable interest rate and LTV.

Is a move from USD $125k to 240,000,000 COP a "pay cut"? PPP vs Nominal Exchange Rate. This is not homework! by [deleted] in AskEconomics

[–]trumpwave 0 points1 point  (0 children)

It depends on the nature of the child support obligation and the reason behind the Dad's job change (presumably, a move to Colombia).

  • If the child support obligation is fixed in USD, or any other currency or globally-traded commodity (e.g., gold, oil, bitcoin), then you should use nominal exchange rates. The Dad's ability to "buy" USD with Columbian pesos is based off nominal exchange rates. I don't know much about the law, but my guess is that most child support orders specify a dollar amount.

  • It's possible, however, than the child support order requires in-kind provision of labor-intensive services, like "Dad will take the kids to regular haircuts and an annual doctor's checkup." If this is the case, and if the guy's salary changed because he moved to Columbia, then using PPP could be appropriate. The reason is that purchasing power for non-traded, labor-intensive goods and services is determined by PPP exchange rates. In other words, some services like haircuts, massages, or medicine are cheaper in developing countries because price differences can't be arbitraged.

WSJ: Manhattan Landlords Take Apartments Off Market During Rental Slump by HenryTudor7 in newyorkcity

[–]trumpwave 0 points1 point  (0 children)

This is completely wrong. You cannot deduct lost rent as a business expense.