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Everything posted by Syrmax
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Upstate NY Banter and General Discussion..
Syrmax replied to wolfie09's topic in Upstate New York/Pennsylvania
Sort of same here, although a bar/restaurant that I used to frequent (a bit too often frankly), has been offering takeout meals 2x a week so I have been getting a Friday fish fry each week to support them... but that's been it for buying prepared food. I've actually taken up learning how to cook while on lockdown. I'm kind if enjoying it! -
Upstate NY Banter and General Discussion..
Syrmax replied to wolfie09's topic in Upstate New York/Pennsylvania
Probably not.. R&D one of the first things to go with most companies. GOOGL and AMZN have been exceptions to those rules as they had huge finance underpinning them while they spent years bleeding out cash. Not saying some companies or Govt labs won't be working on automation but...i'll bet it goes slower than present pace... -
Upstate NY Banter and General Discussion..
Syrmax replied to wolfie09's topic in Upstate New York/Pennsylvania
I've thought that this is a very real possibility that has to have been gamed out before somewhere within their Defense/Political establishments. A perhaps less conspiratorial version would be that the virus was accidentally released, or even was just totally zoonotic, and they just seized on the opportunity to help along the scenario by simply playing dumb and allowing internal and external population movements to occur (Chinese New Year travel) before they started to lockdown Hubei Province. The delay and obfuscation ensure the virus escapes out and then you just sit back and watch the carnage unfold... -
Upstate NY Banter and General Discussion..
Syrmax replied to wolfie09's topic in Upstate New York/Pennsylvania
Lulz... -
Upstate NY Banter and General Discussion..
Syrmax replied to wolfie09's topic in Upstate New York/Pennsylvania
I think a lot. That's a stock trade i've been in/out of the past few weeks with Frontline Ltd. They have to store massive amts of oil in tankers at this point. -
Upstate NY Banter and General Discussion..
Syrmax replied to wolfie09's topic in Upstate New York/Pennsylvania
Here's your Covid-19 Stock Market. Plan accordingly: Phase 1: Sold To You Rally Phase 2: Liquidity meet Liquidation Phase 3: Fed Backstop Phase 4: Relief/Disbelief Rally Phase 5: Bankruptcy Tsunami Phase 6: Distressed Asset Feast Phase 7: Time Heals Phase 8: Scarcity Of Things Phase 9: Inflation Edition Phase 10: Begin Again -
Upstate NY Banter and General Discussion..
Syrmax replied to wolfie09's topic in Upstate New York/Pennsylvania
Oil ($WTIC) retesting recent multi-decade lows ($19.87/bbl). And this after an OPEC+ production cut. Unbelievable. Global Demand has been demolished. -
Upstate NY Banter and General Discussion..
Syrmax replied to wolfie09's topic in Upstate New York/Pennsylvania
Blue Horseshoe was right when he loved CODX yesterday... Covid-19 test technology validated for use on saliva samples...wish i had taken out a loan on this one... Put all your best customers in it. -
Juat measured...I can't believe I'm doing this...0.75"...looks about done.
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Upstate NY Banter and General Discussion..
Syrmax replied to wolfie09's topic in Upstate New York/Pennsylvania
I agree with you! Believe me, I don't aim to defend Trump. I think he's uniquely unqualified to be POTUS esp at a time like this. He's flat out dangerous and I'd vote to have him removed via Article XXV, tomorrow. -
Upstate NY Banter and General Discussion..
Syrmax replied to wolfie09's topic in Upstate New York/Pennsylvania
The Russkys have been f*cking with US politics since long before either of us were born. If you really want to see Russian interference, look at what went on post WWII and into the 1960s with the spying and funding of radical seditionist groups in the US and Western Europe. I don't doubt that Putin was trying to help Trump get elected but the evidence is scant and the cited smoking gun of something like $10M spent on Facebook ads is absolutely laughable as evidence of anything but a waste of money in a campaign that spent $1T. The US Govt (nor anyone else) has yet to provide a speck of hard evidence that the hacker groups that humiliated the DNC and Clinton campaign were actually tied to Moscow. It's speculated, and likely true IMO, but completely unproven and circumstantial - not unlike most of the Right Wing dot-connecting conspiracies floating around since Trump started campaigning. Russiagate was an excuse cooked up by Robbie Mook and the Clintonistas in the DNC to deflect blame for running a sh!try campaign (not unlike what trump is doing with China now). Its an old trick and frankly, transparent. This isn't that hard. -
Upstate NY Banter and General Discussion..
Syrmax replied to wolfie09's topic in Upstate New York/Pennsylvania
To amplify on what Buffalo said...one of the alternative ways the Fed can create "money" is by essentially swapping assets from Banks and providing them "cash" in return. All done electronically of course via balance sheet swaps. It does get hideously complicated but that's the essence of Quantitative Easing. So, the Fed has done this to the tune of $2+Trillion in the past two weeks. It's a staggering amount and they plan more. Some of the more objectionable parts are giving an institution money for their bonds at par value when they are under par in the open market. NO losses incurred by banks...the Fed keeps possession of these bonds on their balance sheet and can hold them indefinately, ala 2008/09, QE etc. If losses are incurred in unloading them back into the market later, guess who's on the hook for it? The US Treasury, which is us. It's highly inflationary long term although short term deflationary pressures are immense (economy in tank, noone spending). It is also estimated that based on current trajectories, the Fed will own something like 75% of the entire US Bond market soon...not unlike the Bank of Japan. What you have then is no longer really a free market. But hell, since 2009 that's been the case. Why do you think interest rates are so low? One word: Fed -
Upstate NY Banter and General Discussion..
Syrmax replied to wolfie09's topic in Upstate New York/Pennsylvania
Well, the beauty of Democracy is right to choose. And not just from two criminal enterprises. The fact that we have a bicameral govt doesn't mean we have to have just 2 main political parties. It's worked out that way but frankly both are failing in ways too numerous to get into here. From my perspective, I don't think they're fixable and frankly both have lost touch with the Center. I'd love to see a 3rd centrist party emerge with the GOP and Democrats now fully hijacked by their lunatic bases...its getting a bit more likely. A lot of people are fed up with their HS games that pass for policy. Crises have a nasty way of shedding light on failure. Of course anybreal change will be hard because the GOP and Dems have ensconced themselves into engrained corruption via lack of term limits and...money. They aren't about to easily allow themselves to be muscled out either...so enjoy the stupidity! -
Upstate NY Banter and General Discussion..
Syrmax replied to wolfie09's topic in Upstate New York/Pennsylvania
I just saw where Cuomo announced that NY will be sending ventilators to other states as needed due to a large oversupply...after all the screeching about needing 30,000 of them in NY alone and the back n forth between him (and others) and Trump...this seems almost comical. Though...it does beg the question as to exactly how much credence we put into Public Health officials and the models they have been pointing to, which have been pretty aggressively over estimating damn near everything. Though, i don't actually place blame there entirely...the fact that we (and other nations) had no plan, hadn't thought about this eventuality ahead of time, weren't prepared at all, leads everyone in charge to panic instead of implementing a coherent response... -
Upstate NY Banter and General Discussion..
Syrmax replied to wolfie09's topic in Upstate New York/Pennsylvania
Just saw on Twatter that a coalition of Sheriff's in Michigan issued a statement that they would NOT be strictly enforcing Whitmer's Executive Orders...the rebellion is on! LOL. She is a doofus, i have to say. -
Upstate NY Banter and General Discussion..
Syrmax replied to wolfie09's topic in Upstate New York/Pennsylvania
GTFO. Is this real? -
Upstate NY Banter and General Discussion..
Syrmax replied to wolfie09's topic in Upstate New York/Pennsylvania
My guess is that part of what set them off was Gov Whitmer's prohibiition was the banning on buying seeds for plants, veggies. I don't know if it extended to starter plants or whether it has since been revised...because it really made no sense at all. In fact, it's the exact opposite of what we would want should there be food supply concerns... -
Upstate NY Banter and General Discussion..
Syrmax replied to wolfie09's topic in Upstate New York/Pennsylvania
NYG gon draft an OL...prob not a bad plan as at present we need a track star QB to keep him upright...though I'd rather have a game changer Defenselive lineman, like Chase Young. -
Upstate NY Banter and General Discussion..
Syrmax replied to wolfie09's topic in Upstate New York/Pennsylvania
What if you can't buy one? LOL. Make one? I failed Arts n Crafts in HS. I don't wear one on my daily walks as it's fairly sparse amt of houses in my area and it would be absurd. Though, it wouldn't surprise me to be accosted by one the local Stasi or Hitler Jugend wannabe's to bark at me someday. -
I need 3" of snow to reach 90" for the season as we have scratched and clawed a few tenths in April to get to about 87". I still would grade the winter as a solid D, although if we got into the 90s i'd have to go D+.
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Upstate NY Banter and General Discussion..
Syrmax replied to wolfie09's topic in Upstate New York/Pennsylvania
We don't have the facemask while shopping mandate here although i was out to grocery store yesterday and i'd say at least half to 3/4ths were wearing one. I wore one but no gloves as i gave my good ones to someone that might be at more risk going out. So all i have left are the heavy duty ones you use for scrubbing stuff. I've used those once but if i'm just going in and out of a store and not handling much then...meh. Just don't touch your mouth/nose/eyes until you can wash. Virus on skin , esp hands, is not an issue (barring a cut or abrasion). -
Upstate NY Banter and General Discussion..
Syrmax replied to wolfie09's topic in Upstate New York/Pennsylvania
Seriously? And you are calling the Trump supporters delusional? The Pot has met the Kettle... -
Its snowing. Big wet flakes. Would have been nice in say, January or maybe Christmas week? But no....
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Upstate NY Banter and General Discussion..
Syrmax replied to wolfie09's topic in Upstate New York/Pennsylvania
RUSSIA RUSSIA RUSSIA. Still? Biden is being maligned somewhat unfairly (IMO), but the Dems spent the last 3 years in an unprecedented frenzy on Rump. Real whack job stuff and never let up. You had to know this was coming. Especially with Biden, who's shaky and got skeletons...I mean face it, he's a really bizarre dude in his own way. Dems better get Cuomo going somehow...or else. I'll vote for Cuomo at this point but not the other two turds. Its NY though, so one's individual POTUS vote doesn't actually matter. -
Upstate NY Banter and General Discussion..
Syrmax replied to wolfie09's topic in Upstate New York/Pennsylvania
Down there I could believe it. Up here should be in 2-4 weeks. Not to trivialize, and there's risk if not reopened smartly but It's just not bad enough here to keep it all on current lockdown in most of upstate...