There is a marked-to-market problem.
Low incidence = low testing.Only places that mark to market properly seem to be Singapore and Bella Italia. pic.twitter.com/seSrdFy3X8
— Nassim Nicholas Taleb (@nntaleb) March 1, 2020
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It is my sincere desire to provide readers of this site with the best unbiased information available, and a forum where it can be discussed openly, as our Founders intended. But it is not easy nor inexpensive to do so, especially when those who wish to prevent us from making the truth known, attack us without mercy on all fronts on a daily basis. So each time you visit the site, I would ask that you consider the value that you receive and have received from The Burning Platform and the community of which you are a vital part. I can't do it all alone, and I need your help and support to keep it alive. Please consider contributing an amount commensurate to the value that you receive from this site and community, or even by becoming a sustaining supporter through periodic contributions. [Burning Platform LLC - PO Box 1520 Kulpsville, PA 19443] or Paypal
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To donate via Stripe, click here.
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Use promo code ILMF2, and save up to 66% on all MyPillow purchases. (The Burning Platform benefits when you use this promo code.)
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Cass Sunstein is a mouthpiece for the population control crowd. You would think (((they))) would be the last group to advocate depopulation after Muh Holocaust. But hey, he went to Harvard so carry on.
I love a stinging rebuke of an (((elite))) scumbag cocksucker first thing on a Sunday morning.
Thank you.
hey, do thick-tailed variables have anything to do with fat-bottomed girls
asking for a friend
I do love this version of the song and fat bottom is sort of on theme… I won’t nag.
Remember these cute little bears?
This one is the best… the two plus two does not equal pink.
Best line at 1:38… “The Goldman Sachs does not need to buy more banks because when you own the US government you do not need more banks.”
I’ll see the little bears and raise them with some kittens…
The bears explained QE and bank bailouts, but I’ll give you cute on the kitten.
Ha!…I do remember them.
I also remember PMs being driven down during the 2008 stock shock waves…It was a buying opportunity then because of the stock margin calls…forcing many to sell PMs (and everything else) and is now.
I think these two discussions answered a lot of questions for me about what to do with our MONEY. We are buying that little John Deere tractor. Screw it… a good diesel engine can run on a lot of types of oil and a tractor on the land is better than ten thousand bucks in the bushes.
And, it was manufactured ten years ago in the USA with parts we both recognize and can get locally, if we have to. A tractor is wealth. The money may soon be worthless.
The more traditional use of “mark to market” stems from an accounting “mechanism” that allows frequent traders in assets to circumvent the tedious process of establishing the individual cost basis for each and every purchase transaction. MTM status is selectively bestowed onto traders only by the Gods at the IRS at their good graces. Every day Joes who profess to be day traders seldom get that benevolence from the IRS. Another way of saying “It’s our club and you cannot join”.
Interesting how MTM appears to apply to the crisis de jour.