That corresponds to thermostats set by 3 degrees cooler in the winter. From 22 degrees to 19 degrees. This was what was used in average in the mid 1990s in Europe… So no, Europeans will not freeze to death, and it is an easy problem to solve. 5/6

I have never looked at $open but this seems like a very astute observation and summary. Also funny.

Anyone explain why UK pensions where getting margin called yday? Clearly they were long rates, or short rate vol, via derivs, but how specifically? Relatedly, why were they using derivs like this in first place? Just to add leverage? I'm confused. Perhaps JohannesBorgen knows?

Excellent news!

Well deserved victory lap. Well done Andrew Walker.

Super wild thing to say! Before the loans looked OK on equity cushion, even if debt servicing was stretched. If consensus is that $twtr equity value is less than loan principle...

Average Q3 Letter Dear Investors, As you know, there has been significant uncertainty in the markets these last few quarters & it’s felt like there has been weeks where decades happen (we’re underperforming by 1500bps). That said, we always “skate where the puck is going” -

A Perfect Storm For Private Mortgage Lending For those Homeowners with Private Mortgages there's trouble on the horizon And it starts with Renewal Let's assume if the borrower was lucky enough to have 5.99% Rate from last year that rate becomes 9.99 to 11.99% on renewal 2/

How do I know so much about how Elon Musk does things? I spent 3 years investigating Tesla at Business Insider from 2018-2021. Here are some of sloppy, dangerous, callous, things I learned:

Non-realistic, Friday night idea, Elliot, Apollo, other PE types join together and use their SPACs to buy Twitter debt at $0.60 on the dollar. Effectively taking Twitter public again. I would pay more than $8 for that... Andrew Walker keubiko you guys in?

Great thread about dire state of $twtr financials due to debt costs, that are rising!

another victory for efficient markets hypothesis: $60bn market cap company down after we riffled through some filings and explained what the public information meant

So the guy that owns the 3rd mortgage insurer in Canada is now buying the second biggest subprime lender, and he is already a large shareholder in the other big subprime lender. Something something man with a hammer....

The Art of #ATHF Aqua Teen art giveaway! Original production sketch sheet from "Plaque Lagoon" featuring Meatwad waiting for the Tooth Fairy. Drawn on standard 8.5 x 11" office paper with No. 2 pencil, signed. RT to enter- 1 random winner selected Fri. Jul 21. #AthfGiveaway

The Canadian Housing Crisis 🚨 🇨🇦 A must watch interview with a legend in Canadian housing Ben Rabidoux 🔥 We discuss it all: Why the market hasn't blown up already? Immigration, rate hikes, credit & household leverage. #ToRE #VanRE Full interview: youtu.be/2DJqDEI4TZg

After reading lots of the recent books about crypto/FTX one q. One SBF defense is 'the $ was accidently sent to Alameda, it wasn't stolen'. Assume that's true. Once the $ was sent by customer then the customer would use FTX to buy some crypto. How did FTX find that purchase???

#ATHF art giveaway! Signed original production sketch sheet of Meatwad in various costumes from the infamous, never-aired "Boston" episode. Pencil on archival paper handmade by Paul Revere. * Repost to enter. Winner announced Sat. Oct. 28. Good luck! *Citation needed

My new favorite Twitter account.