Ukraine/Belarus/Russia Share of Global Exports:
Potash (Fertilizer): 35%
Urea (Fertilizer): 15%
Wheat: 25%
Barley: 24%
Corn: 13%
The world is about to become very hungry.
Xi will be livid at Putin for proving to the world that a massive and modern army is no match for a small country determined to keep it's freedom.
It's a good day to be Taiwanese.
My favorite investor is one that is sure the Fed is manipulating stocks up and rates lower, yet can't figure out how to make money in that environment.
u can’t sell houses u don’t own
u can’t sell cars u don’t own
but
u *can* sell stock u don’t own!?
this is bs – shorting is a scam
legal only for vestigial reasons
A professor in one of my grad classes posed a simple experiment: everyone guess a number between 0 and 100. Whoever could guess closest to 2/3 of the mean the class guesses would win $20.
A 🧵 on the three types of traders
Yesterday I bought a NFT rock on accident and flipped it for enough money to never work again.
In the last 24 hours I've educated myself and have come to realize the deep and important reasons why massive income inequality is right and good. A 🧵
(1/65)
Sorry Dmitry, we meant Economic 'Special Operation'. Our sanctions engineers are currently conducting peacekeeping operations on your oligarch swiss bank accounts.
Today, some French minister has said that they declared an economic war on Russia. Watch your tongue, gentlemen! And don’t forget that in human history, economic wars quite often turned into real ones
I work in Big Finance. A name you have probably heard before.
I'm going to tell you a fable where every unverifiable anecdote fits my deranged politics and you'll fully embrace it as gospel without a single critical thought ever crossing your mind.
@JessicaNutt96
@TheSpeculator0
I don’t think you understand how options work.
I don’t have time to explain further but to de direct options have what’s called a time premium, this decays as you get closer to expiration.
Selling options (not buying) allows the seller to capture this premium.
Cheers…
The future of finance is that it takes two months and $70 in transaction fees to pay for a coffee. Every once in a while a Russian steals your life savings.
Honestly, seems about right.
People assume it's a sick burn when they reveal that finance is a soulsucking social parasite run by narcissists.
Obviously I know, but after years in the field I just don't have any other marketable skills.
The only story I have about David Card was the one time I bumped into him at a Trenton dive bar. He complained the beer was cheaper in Philly and I said that's because of the minimum wage hike. His eyes got huge and he left the bar in a hurry. I had to cover his tab.
Strange guy
@briebriejoy
Or...
His policy aims are misguided
His long Senate tenure has produced zero substantive results
His cult of personality is Trumpian
His supporters are dismissive of legitimate criticism
Cool story though
The third type realized that the class was a mixture of the previous two types - noise traders and sophisticated but rigid systematic traders - and used that instability to win by guessing a number in between the two.
Be the third type.
I still can't believe that a cornerstone of NYC's initial COVID policy was to close all the parks and outdoor public spaces. This lasted for months after we knew it was mostly impossible to spread outdoors. No one was ever fired for the hundreds of deaths this contributed to.
A Russian warship told 13 Ukranian soldiers on Snake island to surrender. They responded with "Russian military ship, go fuck yourselves" and died as legends.
Impressively big brain take on Ukraine. It's this level of analysis that makes you the third best pension fund junior analyst in all of South Carolina.