sherpa
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Posts posted by sherpa
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I'd be surprised if the OP wasn't arrested by tomorrow.
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Am I the only one that thinks this five screen thing that ESPN is running for the ND Clemson game is idiotic?
It looks horrible.
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2 hours ago, Gray Beard said:
I lived in Ormond Beach during the sixties.
You should have raised every penny possible and bought as much of 1960's Ormond Beach as possible.
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I saw Apollo 17, the night launch, fro Titusville.
It was delayed a bit, but eventually launched.
Simply the most sensory thing I've ever seen, and that includes about 320 catapult launches from an aircraft carrier.
Before the noise hit you, the water rippled ferociously, and that was after the incredible light show started that lasted about three minutes.
Simply indescribable, though I remember my cheeks vibrating.
I remember being speechless, along with my college freshmen friends.
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2 hours ago, BeginnersMind said:
Antifa is not some leading voice in America, but FoxNews would have you believe they are on the streets daily in huge numbers.
The Charlottesville protestors are not all hicks. Either way even the president was reluctant to criticize them.
If by the "Charlottesville protestors" you are referring to the white supremacists who travelled from other communities in our nation to do that idiotic display, they were pretty much "all hicks."
I drove by their staging area prior to the beginning of that calamity, had to stop while they crossed a major road here, and in my lifetime I have never seen such a group that was more obviously "hicks."
They showed up and ran an incredibly stupid, intentionally provocative and intentionally racist march the night prior which had no other purpose than to incite trouble.
The folks who showed up as counter protesters were local by a vast majority and hardly the radical left.
Thanfully, the murderer has been convicted, and there are more convictions to follow.
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1 hour ago, Kemp said:
On another shocking economic front, the tax cut for the corporations and the rich has resulted in stock buy-backs rather than the cash trickling down.
Who could have seen that coming?
So what happens to the money from stock buy backs?
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I was the youngest of five, so the last to know.
During my sixth year, I started planning to find this Santa Claus guy.
Around Thanksgiving, I came up with an idea.
My room was at a location where anyone watching TV could not hear.
I correctly figured out that I had never fallen asleep while jumping, so when I was told to go to bed, I would simply jump on my bed all night until the guy showed up.
I jumped for a very long time, expending lots of energy.
A long time.
I got so tired from this that eventually I collapsed, and my siblings had to wake me up on Christmas day.
When I told them of my failed strategy, they exposed the thing, in sympathy.
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3 hours ago, TPS said:
We simply disagree.
Yep. We do.
Nothing wrong with that.
It's what makes markets.
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13 hours ago, TPS said:
I said the prime rate is a mark up over the Fed Funds rate which the Fed has absolute control over.
The Fed controls the supply of reserves which is the source of the FF market. Banks borrow and lend the existing supply, of which the Fed controls completely.
The Fed's quiver is unlimited, which allows it to intervene in any market it wants to any degree. If the Fed decided to set a target on the 10-year (or any maturity) treasury yield, it could. The Fed displayed this power from 2008 - 2014. It bought $4 trillion worth of assets over this period, and it could just as easily have bought $10 trillion, but then we would no longer call it "the market system."
sorry if I hit you.
I'm quite aware of how the Fed works and its open market operations.
I'm also aware of the "prime rate," and that the Fed does not "control" it.
Of course it has a huge influence over the rate, but interest rates are still "controlled" by supply and demand.
"The third rate, called the Prime Rate, is the rate that most people falsely believe the Fed changes. In truth, this is the one rate the Fed has no direct control over. Even more surprising to many investors is that the term "prime rate" doesn't refer to any single rate. The term simply refers to the rates banks give their best customers on borrowing money. This rate can and does vary slightly from bank to bank and may indirectly fluctuate as the Fed changes the other two types of rates.
https://www.thebalance.com/what-interest-rates-does-the-federal-res795259erve-control-
Central Banks have immense control over these issues, as long as things are "normal."
Nonetheless, when things get abnormal, it is supply and demand, as always.
Argentina and Venezuela have proven this.
The US has many advantages over those, but it is not absolute.
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Latest thinking by the Brits is that it's an eco-terrorist.
Gatwick has just proposed a runway expansion plan, which would "bother" such an individual.
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I trade actively.
Did so today.
Interest plays and derivatives of that market are easier than stocks.
Allowed me to retire early and is still my interest.
The common perception is that the Fed controls interest rates.
That is the perception they want to maintain, but it isn't, at the most basic level, true.
The Fed is reactive, but it is kind of like the police force.
If the masses decided to revolt, there isn't a police force in the world that could stop it.
As long as the market goes along, Fed control of the discount rate and Fed funds rate works, but if the market moves aggressively in one direction, its quiver is limited.
By the way, it isn't my habit to hit people, but the Fed does not control the "Prime rate," and can't control "any rate it wants," which is what you claimed in your post, and I'd look critically at who you think is "seriously misinformed."
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4 minutes ago, TPS said:
Your second sentence is pure nonsense.
the Fed sets short term interest rates and can set it any level they want regardless of money demand.
Nonsense.
The Fed does not "control short term interest rates."
The Fed controls the Fed funds rate, which is the rate banks make overnight loans to each other on money deposited at the Federal Reserve.
They also control the discount rate, which the rate banks pay when they borrow directly from the Federal Reserve.
To claim they "can set short term rates at any level they want" is preposterous.
They operate in a free market.
They have a huge influence, but the market determines what interest rates are based on supply and demand.
It is a giant misunderstanding to claim that the Fed controls rates.
In a relatively balanced market, it is easy to make such a claim, but it isn't true.
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14 minutes ago, Tiberius said:
It was very well explained at the time that the tax cuts would lead to higher interest rates. But just pretend this is all a surprise. Why? Because #noclass
This is pure nonsense.
Higher interest rates are the result increased demand for money.
Tax cuts may well add to other factors and stimulate to a level that would increase economic activity, but that is desirable, as long as debt can be managed, which is an entirely different issue.
Viewing an extremely desirable return to "normal" interest rates as a negative is a silly posture.
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13 minutes ago, Deranged Rhino said:
Getting weirder by the minute in London:
https://www.bbc.com/news/uk-england-sussex-46640033
Wonder who's stuck in the airport...
Typical British over reaction to an aviation issue.
I spent ten days there when they sweated out the Icelandic volcano issue.
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10 minutes ago, ExiledInIllinois said:
Here's a NY Rabbi denying the numbers killed:
https://www.timesofisrael.com/ny-rabbi-not-even-1-million-jews-killed-in-holocaust/
Is this like Global Warming/Climate Change®. What does the consensus say? I always thought it was 6-8 million Jews. Now this Dude (not that The_Dude) comes along and says not even a million.
/smh
I never heard this. Does it have to do with the crazy NY rabbi story I just posted above?
Weird claim.
About six million. That's what happened.
Changing the definition of what a Jew was in 2018 doesn't change the German view in 1940, and they used their definition to kill about six million.
Not the first time governments have gone after them, persecuted them, stole their property and a host other things.
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2 hours ago, WhoTom said:
We had clear skies here last night so I went out and looked with binoculars, but couldn't see it. I know my way around the constellations too - it should have been about halfway between the Pleiades and Aldebaran.
That's where I've been looking as well, using Aldebaran as reference.
I'll give it one more try tonight, but so far, no luck.
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I've tried to spot it the last two nights, with no success.
I am an astronomy hobbyist, so I know where to look, but this is a weak comet.
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I've been following them since '63, my first game, and that includes being a ball boy for two short weeks, and being a friend of an usher during the War Memorial Stadium times and watching them practice.
If someone asked me to name the most dominant three since; players who were so much better that they demanded staying away from, or dealing with......
OJ.....He was on a different planet.
Robert James.....Simply idiotic to ever throw at his coverage, and nobody did.
Bruce Smith....Never has one man been blocked by so many for so long. Impossible to handle one on one, when he was interested.
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40 minutes ago, Chandler#81 said:
Butch Byrd STILL holds the record for most interceptions. I’ve never seen another Conerback remotely look like him.
That's because nobody ever threw to the receiver Robert James was covering.
Ever.
Billy Shaw reportedly lost over an inch in height based on blocking.
The only guy that owned Ernie Ladd.
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I make ceviche regularly.
It's my absolute favorite food.
I've been told the process will ruin the texture of chicken as it breaks down the proteins, and not to leave chicken in any acidic marinade for more than four hours, but that would vary depending on the acidity.
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41 minutes ago, Boyst62 said:
He didn't leave Ohio to kill people. He didn't leave Ohio with any intention of that at all and there is no proof of that despite stupid claims he may have made. I haven't followed it closely because I don't care to but it's fairly clear the guy is mentally ill and I'd not be surprised if the reality would have been or was that he was driving through the area to be a retard then got pounced on by protestors who began beating his vehicle up and threatening him...than ran them over to flee. In which case he should win a purple heart.
Nobody ever made a claim that he left Ohio to kill people.
The fact is that a jury convicted him of murder, after considering, and disregarding, his "fear" that he did what he did because he was afraid.
You don't run over people to flee.
I've seen the video, his texts and his comments.
That is what eliminated his "fear" defense.
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It may not be a good idea to kill people at your "rally."
James Alex Fields was found guilty Friday of committing first degree murder in Charlottesville, Va., after backing up his vehicle through a group of people, killing one and injuring many,
Jury sentencing was today, and they recommended 400+years, though the final sentence will be forthcoming.
His defense was that he was "frightened" and then a lunatic, with terrible problems originating in his youth that caused him to leave Ohio, drive to our town and kill people, as part of a moronic, despicable "protest."
Oh well.
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9 minutes ago, PastaJoe said:
And there’s gay people that vote Republican even though they want to restrict the rights of gays. Or pro-contraception women who shop at Hobby Lobby. Actions are not always rational and are against their best interests.
What?
What those voters/consumers are saying is that other interests outweigh those interests.
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Managed travel baseball for years, ages 10-14.
Team played in three states. during summer months.
Democratic 2020 Presidential Primary Thread
in Politics, Polls, and Pundits
Posted · Edited by sherpa
I want to be the first person to make the "I'll leave the country" promise.