It’s so weird. I don’t even know what “mining” is or how it works.
I do know it’s completely contrived by clever code though.
Edmund and Robert are the real experts here, but basically mining is using computing power to ‘solve’ ever more difficult maths equations in order to generate one of a finite number of credits. Credits, “bitcoins”, are also given for maintaining a ledger of transactions, known as the blockchain.
For quite a while now, it’s been uneconomical for anyone to mine bitcoin that is paying for their own electricity at standard commercial rates, hence computer virii that run bitcoin miners.
That’s a good attempt, thank you, but you still kind of lost me after the first sentence.
This is why gold is good. It’s rare, it’s precious, it’s a great conductor, it’s very shiny and pretty and virtually every society in human history has dug it (sorry) so we know it will stand the test of time. It’s malleable and portable too.
Since I have no idea how to go about buying it (although I know my house is roughly worth one gold bullion bar) I may just go down to the high street jewellers and have a look at what they’ve got.
I assume you are joking, high street jewellers have the biggest mark up on anything ever. Google bullion and you'll find lots of people wanting to sell it to you. The Royal Mint are probably fairly trustworthy.
I had clients involved in a lease dispute a while ago now and their mark up on High Street jewelry was between 1,000-1200%. I've never seen a margin anything like it. Obviously actual turnover is not that great and there is the overhead of the shop etc but wow.
Mobile phones as fomites for potential pathogens in hospitals: microbiome analysis reveals hidden contaminants https://www.sciencedirect.com/science/article/abs/pii/S0195670119303913 Almost all (99.2%) of hospital staff smartphones were contaminated with potential pathogens, and bacterial colony forming units (CFUs) were significantly higher on hospital phones than in the control group. Meticillin-resistant Staphylococcus aureus (MRSA) and vancomycin-resistant Enterococcus (VRE) were only detected on hospital mobile phones. Metabarcoding revealed a far greater abundance of Gram-negative contaminants, and much greater diversity, than culture-based methods. Bacillus spp. were significantly more abundant in the hospital group.
Pretty sure this will will apply to coronavirus, too.
It’s so weird. I don’t even know what “mining” is or how it works.
I do know it’s completely contrived by clever code though.
Edmund and Robert are the real experts here, but basically mining is using computing power to ‘solve’ ever more difficult maths equations in order to generate one of a finite number of credits. Credits, “bitcoins”, are also given for maintaining a ledger of transactions, known as the blockchain.
For quite a while now, it’s been uneconomical for anyone to mine bitcoin that is paying for their own electricity at standard commercial rates, hence computer virii that run bitcoin miners.
That’s a good attempt, thank you, but you still kind of lost me after the first sentence.
This is why gold is good. It’s rare, it’s precious, it’s a great conductor, it’s very shiny and pretty and virtually every society in human history has dug it (sorry) so we know it will stand the test of time. It’s malleable and portable too.
Since I have no idea how to go about buying it (although I know my house is roughly worth one gold bullion bar) I may just go down to the high street jewellers and have a look at what they’ve got.
I assume you are joking, high street jewellers have the biggest mark up on anything ever. Google bullion and you'll find lots of people wanting to sell it to you. The Royal Mint are probably fairly trustworthy.
I had clients involved in a lease dispute a while ago now and their mark up on High Street jewelry was between 1,000-1200%. I've never seen a margin anything like it. Obviously actual turnover is not that great and there is the overhead of the shop etc but wow.
When there are various reliable safe ways you can invest in gold without having to worry about the security and insurance for storing it (or paying someone else to), why would you want to physically own it? Unless you're going on the run. In investment terms it should be the same as hog futures - you don't want to meet the actual pigs.
Six layable candidates now, still including the two non-running former First Ladies.
Back prices for the six sum to 98.1%, and the four actual runners sum to 95.2%, suggesting that punters still think that there’s nearly a 5% chance of some conference shenanigans.
Punters could be right. There must be a fair chance that the winner of the Biden-Sanders duelk dies shortly before the convention. Do delegates then choose the rival? Probably not - they look around...
Here’s a theoretical question. Under the Presidential rule of succession how many people would the virus have to take out before we could have confidence in the leadership.
Also, don’t the rules of succession change dependent on whether the country is at war? (Something about defence secretary being boosted?).
Nancy Pelosi is third in line, though that would require both Trump and Pence to die before a further VP could be appointed.
Which is why Trump and Pence never travel on the same plane or in the same car, and don’t appear together anywhere that isn’t a locked down government building.
Viruses sneak past even the best security lockdown.
Good news for the Asian markets, they’re heading back up this morning.
Singapore have done an excellent job, isolating people and spending time tracing back the routes by which they became infected. Hope you have a safe trip back, don’t be surprised if you get quarantined on your return to the UK though.
Singapore's about the last country you should be quarantined for arriving from. France, the USA, Italy, on the other hand....
But people from all over Asia transit there. The UK should really now be quarantining *everyone* arriving from abroad - one massive advantage of being an island is the ability to control people coming in when there’s a global virus epidemic.
Not from mainland China. Frankly the ME hubs pose a much greater risk, next to Iran, with flights from DOH, and DXB. I'm going through DOH a fortnight tonight!
Meanwhile Qatar is quarantining arrivals
All passengers (including Qatari nationals and those holding a Qatar Residency Permit) travelling from China, Iran, South Korea and Italy whose final destination is Doha will be asked to stay in a quarantine facility for 14 days as per the World Health Organization’s measures.
All passengers arriving from Hong Kong, Japan and Singapore will be screened and those displaying disease symptoms will be taken for further testing. Passengers returning positive test results will be admitted to treatment centres as per the measures of the Ministry of Public Health.
Wow, just seen that. Yes, the Gulf states are seriously panicking about Iran. It’s thought that sick people are travelling abroad from Iran to be treated, as the Iranian heath system is completely broken.
Qatar have suspended all flights to Iran except Tehran - but as Iran is their friend against Saudi bullying they're probably reluctant to cut that.
Meanwhile BA usually run two flights a day to Singapore - a 380 and a 777 (which continues to Sydney). They are dropping the 380 every other day through March. SQ have already cancelled LHR flights.
So people from Singapore trying to get to London are going to end up on EK or QR, flying through the Middle East with a bunch of Iranians!
I am in the process of rebooking my flight to avoid Middle East. I can get a single ticket for 200quid with Qantas direct. This is not normal.
FPT - I see we've gone from bed-wetting to pant-shitting.
For Christ's sake: pull yourselves together people.
Sean will look like such a tit when the true path of this virus maps out.
Hasn’t it already outpaced his initial fears?
IMO he rarely appears to make specific predictions, interspersing his predictions of utter doom, which give him the attention he clearly craves, with more sober or even optimistic posts, just so he can say he covered all the bases.
Good news for the Asian markets, they’re heading back up this morning.
Stock markets are reflecting the psychology of its participants. Normalcy bias, as highlighted by Eadric. Inability to acknowledge truly terrible events. Smart room fallacy (assuming someone somewhere has shit under control).
I feel today like we are in summer 1914, a happy time where everything had changed but almost no one realised it.
I met my friend for coffee today, was listening to Hey Jude as I walked over. And I suddenly out of nowhere broke down in tears on the street. Had to pull myself together before she arrived. She’s not the type to panic and she is like I was until yesterday, intellectually inoculated to what might happen elsewhere by Singapore’s very efficient response and abnormally warm and humid climate.
No one seems to have absorbed what was said by the uk authorities yesterday. No one seems to realise what is about to unfold in Seattle. For some reason I get blank faces when I ask people if they’ve seen what’s happening in Iran. It’s time for Johnson to give that speech he’s been preparing for his whole life. Square up with the public, lead them through it. He might not be the leader many of you wanted but he’s the one we’ve got.
I apologise to Alistair and Eadric who I mocked when they raised the alarm early. I suppose I have never wished i had been right about something as much as this and that’s the whole problem.
In a few days I shall be relocating from Singapore back home. Good luck to all and their loved ones.
On that note, Tomcat users should be aware of the scary new Ghostcat vulnerability. Red Hat recommends disabling AJP amongst other workarounds but patched versions should now be available. https://access.redhat.com/solutions/4851251
It’s so weird. I don’t even know what “mining” is or how it works.
I do know it’s completely contrived by clever code though.
Edmund and Robert are the real experts here, but basically mining is using computing power to ‘solve’ ever more difficult maths equations in order to generate one of a finite number of credits. Credits, “bitcoins”, are also given for maintaining a ledger of transactions, known as the blockchain.
For quite a while now, it’s been uneconomical for anyone to mine bitcoin that is paying for their own electricity at standard commercial rates, hence computer virii that run bitcoin miners.
That’s a good attempt, thank you, but you still kind of lost me after the first sentence.
This is why gold is good. It’s rare, it’s precious, it’s a great conductor, it’s very shiny and pretty and virtually every society in human history has dug it (sorry) so we know it will stand the test of time. It’s malleable and portable too.
Since I have no idea how to go about buying it (although I know my house is roughly worth one gold bullion bar) I may just go down to the high street jewellers and have a look at what they’ve got.
I assume you are joking, high street jewellers have the biggest mark up on anything ever. Google bullion and you'll find lots of people wanting to sell it to you. The Royal Mint are probably fairly trustworthy.
I had clients involved in a lease dispute a while ago now and their mark up on High Street jewelry was between 1,000-1200%. I've never seen a margin anything like it. Obviously actual turnover is not that great and there is the overhead of the shop etc but wow.
Living in a massive jewellery market, I’ve seen people come and visit for a holiday specifically to buy jewellery. Two flights, a week in a 5* beach resort and an engagement ring in Dubai works out cheaper than simply buying the same ring in the UK.
Mrs Sandpit has a 1ct diamond engagement ring that cost me £3.5k, the same ring in the UK would likely be £7-£10k at a high street jeweller and £15-20k at a ‘designer’ jeweller like Tiffany.
Mobile phones as fomites for potential pathogens in hospitals: microbiome analysis reveals hidden contaminants https://www.sciencedirect.com/science/article/abs/pii/S0195670119303913 Almost all (99.2%) of hospital staff smartphones were contaminated with potential pathogens, and bacterial colony forming units (CFUs) were significantly higher on hospital phones than in the control group. Meticillin-resistant Staphylococcus aureus (MRSA) and vancomycin-resistant Enterococcus (VRE) were only detected on hospital mobile phones. Metabarcoding revealed a far greater abundance of Gram-negative contaminants, and much greater diversity, than culture-based methods. Bacillus spp. were significantly more abundant in the hospital group.
Pretty sure this will will apply to coronavirus, too.
It does apply to Coronaviruses* too, but the well researched Coronaviruses do not survive easily outside humans/animals, and cannot replicate. Notice that the named pathogens are all bacterial, many of which survive easily in warm pocket environments.
*remember Covid-19 is just one of several Coronaviruses.
Here’s a theoretical question. Under the Presidential rule of succession how many people would the virus have to take out before we could have confidence in the leadership.
Also, don’t the rules of succession change dependent on whether the country is at war? (Something about defence secretary being boosted?).
Nancy Pelosi is third in line, though that would require both Trump and Pence to die before a further VP could be appointed.
It’s so weird. I don’t even know what “mining” is or how it works.
I do know it’s completely contrived by clever code though.
Edmund and Robert are the real experts here, but basically mining is using computing power to ‘solve’ ever more difficult maths equations in order to generate one of a finite number of credits. Credits, “bitcoins”, are also given for maintaining a ledger of transactions, known as the blockchain.
For quite a while now, it’s been uneconomical for anyone to mine bitcoin that is paying for their own electricity at standard commercial rates, hence computer virii that run bitcoin miners.
That’s a good attempt, thank you, but you still kind of lost me after the first sentence.
This is why gold is good. It’s rare, it’s precious, it’s a great conductor, it’s very shiny and pretty and virtually every society in human history has dug it (sorry) so we know it will stand the test of time. It’s malleable and portable too.
Since I have no idea how to go about buying it (although I know my house is roughly worth one gold bullion bar) I may just go down to the high street jewellers and have a look at what they’ve got.
I assume you are joking, high street jewellers have the biggest mark up on anything ever. Google bullion and you'll find lots of people wanting to sell it to you. The Royal Mint are probably fairly trustworthy.
I had clients involved in a lease dispute a while ago now and their mark up on High Street jewelry was between 1,000-1200%. I've never seen a margin anything like it. Obviously actual turnover is not that great and there is the overhead of the shop etc but wow.
That's why you can buy preloved jewellery at a UK auction co for about 1/4 of what it would cost you to buy in a shop. dealers keep to their markups and wont go over a certain figure. The individual buyer can have a bit of an edge. Never buy online, always go and look first
Six layable candidates now, still including the two non-running former First Ladies.
Back prices for the six sum to 98.1%, and the four actual runners sum to 95.2%, suggesting that punters still think that there’s nearly a 5% chance of some conference shenanigans.
Punters could be right. There must be a fair chance that the winner of the Biden-Sanders duelk dies shortly before the convention. Do delegates then choose the rival? Probably not - they look around...
There is a chance but is it a fair chance? The grim reaper will need to get his skates on with not six months left before the DNC in July.
Off topic and lighthearted to ignore the doom momentarily:
Stormzy appears to have written a song about wor @AlastairMeeks the chorus is as so:
Ayy, in my city I'm the top boy And I didn't even have to be in Top Boy If you're asking what I done then it's a lot, boy You rap meeks make me wanna be a pop boy Ayy, in my city I'm the top boy Mummy always told me give 'em what you got, boy On a mission so they wishing that I flop, boy But I'll never stop popping, I'm the pop boy
Six layable candidates now, still including the two non-running former First Ladies.
Back prices for the six sum to 98.1%, and the four actual runners sum to 95.2%, suggesting that punters still think that there’s nearly a 5% chance of some conference shenanigans.
Punters could be right. There must be a fair chance that the winner of the Biden-Sanders duelk dies shortly before the convention. Do delegates then choose the rival? Probably not - they look around...
There is a chance but is it a fair chance? The grim reaper will need to get his skates on with not six months left before the DNC in July.
Wonder when we’ll start seeing Presidential candidates scaling back public appearances - or at least avoiding direct public contact...?
It’s so weird. I don’t even know what “mining” is or how it works.
I do know it’s completely contrived by clever code though.
Edmund and Robert are the real experts here, but basically mining is using computing power to ‘solve’ ever more difficult maths equations in order to generate one of a finite number of credits. Credits, “bitcoins”, are also given for maintaining a ledger of transactions, known as the blockchain.
For quite a while now, it’s been uneconomical for anyone to mine bitcoin that is paying for their own electricity at standard commercial rates, hence computer virii that run bitcoin miners.
That’s a good attempt, thank you, but you still kind of lost me after the first sentence.
This is why gold is good. It’s rare, it’s precious, it’s a great conductor, it’s very shiny and pretty and virtually every society in human history has dug it (sorry) so we know it will stand the test of time. It’s malleable and portable too.
Since I have no idea how to go about buying it (although I know my house is roughly worth one gold bullion bar) I may just go down to the high street jewellers and have a look at what they’ve got.
I assume you are joking, high street jewellers have the biggest mark up on anything ever. Google bullion and you'll find lots of people wanting to sell it to you. The Royal Mint are probably fairly trustworthy.
I had clients involved in a lease dispute a while ago now and their mark up on High Street jewelry was between 1,000-1200%. I've never seen a margin anything like it. Obviously actual turnover is not that great and there is the overhead of the shop etc but wow.
Gold, like diamonds and restaurant Valentine's Day "specials" always amazes me in terms of demand. Why? Why? Why?
Off topic and lighthearted to ignore the doom momentarily:
Stormzy appears to have written a song about wor @AlastairMeeks the chorus is as so:
Ayy, in my city I'm the top boy And I didn't even have to be in Top Boy If you're asking what I done then it's a lot, boy You rap meeks make me wanna be a pop boy Ayy, in my city I'm the top boy Mummy always told me give 'em what you got, boy On a mission so they wishing that I flop, boy But I'll never stop popping, I'm the pop boy
Six layable candidates now, still including the two non-running former First Ladies.
Back prices for the six sum to 98.1%, and the four actual runners sum to 95.2%, suggesting that punters still think that there’s nearly a 5% chance of some conference shenanigans.
Punters could be right. There must be a fair chance that the winner of the Biden-Sanders duelk dies shortly before the convention. Do delegates then choose the rival? Probably not - they look around...
Unlikely that one of these two will die before July. It is realistic that one will have a serious health problem, serious enough to make them unelectable. I think that there is a realistic chance that Biden has ever more frequent "brain fades", making it clear that he cannot take on the responsibilities of president. The really scary situation is if either of these happens well after the Convention, in October sometime.
Six layable candidates now, still including the two non-running former First Ladies.
Back prices for the six sum to 98.1%, and the four actual runners sum to 95.2%, suggesting that punters still think that there’s nearly a 5% chance of some conference shenanigans.
Punters could be right. There must be a fair chance that the winner of the Biden-Sanders duelk dies shortly before the convention. Do delegates then choose the rival? Probably not - they look around...
There is a chance but is it a fair chance? The grim reaper will need to get his skates on with not six months left before the DNC in July.
Wonder when we’ll start seeing Presidential candidates scaling back public appearances - or at least avoiding direct public contact...?
"It's not that I don't want to see you. It's that I don't want you to die seeing me...."
Interesting question about the virus - will the British press rediscover a collective sense of responsibility or will they continue down the “sensationalist” route? Dare I say it we might be thankful for an impartial national broadcaster from where to source our news - let’s hope they at least rise to the occasion.
One feature of this Government appears to be a belief that there is a large pool of local labour which is readily available. First of all there was Priti Patel talking about a large number of 'under-employed' people who could take over the work of 'low-wage jobs currently done by immigrants. Now there's an army of volunteers ready to help the NHS. NHS staff are of course, just as likely to be affected by coronavirus as anyone else. Naive, irresponsible, or what?
I see that from Friday TfL is banning people from boarding the new Routemaster (aka Boris) bus by either the rear or centre doors on a whole list of routes. It seems people getting on at the back aren't always paying. Who'd have thought?
It’s so weird. I don’t even know what “mining” is or how it works.
I do know it’s completely contrived by clever code though.
Edmund and Robert are the real experts here, but basically mining is using computing power to ‘solve’ ever more difficult maths equations in order to generate one of a finite number of credits. Credits, “bitcoins”, are also given for maintaining a ledger of transactions, known as the blockchain.
For quite a while now, it’s been uneconomical for anyone to mine bitcoin that is paying for their own electricity at standard commercial rates, hence computer virii that run bitcoin miners.
That’s a good attempt, thank you, but you still kind of lost me after the first sentence.
This is why gold is good. It’s rare, it’s precious, it’s a great conductor, it’s very shiny and pretty and virtually every society in human history has dug it (sorry) so we know it will stand the test of time. It’s malleable and portable too.
Since I have no idea how to go about buying it (although I know my house is roughly worth one gold bullion bar) I may just go down to the high street jewellers and have a look at what they’ve got.
I assume you are joking, high street jewellers have the biggest mark up on anything ever. Google bullion and you'll find lots of people wanting to sell it to you. The Royal Mint are probably fairly trustworthy.
I had clients involved in a lease dispute a while ago now and their mark up on High Street jewelry was between 1,000-1200%. I've never seen a margin anything like it. Obviously actual turnover is not that great and there is the overhead of the shop etc but wow.
That's why you can buy preloved jewellery at a UK auction co for about 1/4 of what it would cost you to buy in a shop. dealers keep to their markups and wont go over a certain figure. The individual buyer can have a bit of an edge. Never buy online, always go and look first
But why would you want gold? Because everyone else will be jealous? The store of value argument surely went out of fashion with Edward I's Gascony tenths. OK a bit later but still.
It’s so weird. I don’t even know what “mining” is or how it works.
I do know it’s completely contrived by clever code though.
Edmund and Robert are the real experts here, but basically mining is using computing power to ‘solve’ ever more difficult maths equations in order to generate one of a finite number of credits. Credits, “bitcoins”, are also given for maintaining a ledger of transactions, known as the blockchain.
For quite a while now, it’s been uneconomical for anyone to mine bitcoin that is paying for their own electricity at standard commercial rates, hence computer virii that run bitcoin miners.
That’s a good attempt, thank you, but you still kind of lost me after the first sentence.
This is why gold is good. It’s rare, it’s precious, it’s a great conductor, it’s very shiny and pretty and virtually every society in human history has dug it (sorry) so we know it will stand the test of time. It’s malleable and portable too.
Since I have no idea how to go about buying it (although I know my house is roughly worth one gold bullion bar) I may just go down to the high street jewellers and have a look at what they’ve got.
I assume you are joking, high street jewellers have the biggest mark up on anything ever. Google bullion and you'll find lots of people wanting to sell it to you. The Royal Mint are probably fairly trustworthy.
I had clients involved in a lease dispute a while ago now and their mark up on High Street jewelry was between 1,000-1200%. I've never seen a margin anything like it. Obviously actual turnover is not that great and there is the overhead of the shop etc but wow.
Doesn't surprise me. A wedding ring is something I've bought once in my entire life, an engagement ring is something I've bought once in my entire life and I don't intend to buy either ever again. Keeping a fancy shop with good security and very low turnover of expensive stock requires some margin.
Retail companies tend to go somewhere on the spectrum of stack it high and sell it cheap, to selling not much at a high margin. Makes sense that jewellery is the extreme end of that spectrum.
It’s so weird. I don’t even know what “mining” is or how it works.
I do know it’s completely contrived by clever code though.
Edmund and Robert are the real experts here, but basically mining is using computing power to ‘solve’ ever more difficult maths equations in order to generate one of a finite number of credits. Credits, “bitcoins”, are also given for maintaining a ledger of transactions, known as the blockchain.
For quite a while now, it’s been uneconomical for anyone to mine bitcoin that is paying for their own electricity at standard commercial rates, hence computer virii that run bitcoin miners.
That’s a good attempt, thank you, but you still kind of lost me after the first sentence.
This is why gold is good. It’s rare, it’s precious, it’s a great conductor, it’s very shiny and pretty and virtually every society in human history has dug it (sorry) so we know it will stand the test of time. It’s malleable and portable too.
Since I have no idea how to go about buying it (although I know my house is roughly worth one gold bullion bar) I may just go down to the high street jewellers and have a look at what they’ve got.
I assume you are joking, high street jewellers have the biggest mark up on anything ever. Google bullion and you'll find lots of people wanting to sell it to you. The Royal Mint are probably fairly trustworthy.
I had clients involved in a lease dispute a while ago now and their mark up on High Street jewelry was between 1,000-1200%. I've never seen a margin anything like it. Obviously actual turnover is not that great and there is the overhead of the shop etc but wow.
Gold, like diamonds and restaurant Valentine's Day "specials" always amazes me in terms of demand. Why? Why? Why?
Equities, on the other hand...
Not sure you've completely got this romance thing...
I see that from Friday TfL is banning people from boarding the new Routemaster (aka Boris) bus by either the rear or centre doors on a whole list of routes. It seems people getting on at the back aren't always paying. Who'd have thought?
Then they should employ more people to check tickets.
Off topic and lighthearted to ignore the doom momentarily:
Stormzy appears to have written a song about wor @AlastairMeeks the chorus is as so:
Ayy, in my city I'm the top boy And I didn't even have to be in Top Boy If you're asking what I done then it's a lot, boy You rap meeks make me wanna be a pop boy Ayy, in my city I'm the top boy Mummy always told me give 'em what you got, boy On a mission so they wishing that I flop, boy But I'll never stop popping, I'm the pop boy
I see that from Friday TfL is banning people from boarding the new Routemaster (aka Boris) bus by either the rear or centre doors on a whole list of routes. It seems people getting on at the back aren't always paying. Who'd have thought?
I see that from Friday TfL is banning people from boarding the new Routemaster (aka Boris) bus by either the rear or centre doors on a whole list of routes. It seems people getting on at the back aren't always paying. Who'd have thought?
Still probably just as effective to put conductors on a a sample of buses.
On gold (and silver), I heard recently that preppers quite liked pre-1964 (think I got the year right) dimes or nickels because they had a 90% silver content. That's classed as so-called junk silver, but small quantities mean it's more useful than a block of gold for buying ordinary items in a post-collapse society.
I'm not expecting that, of course, I just thought it quite interesting.
I would have thought one problem in a post-collapse society is that there's a lot of gold/silver around. Certainly a lot more than when the population was last as small as it would be following a collapse. I'm not convinced that it will have rarity value.
It’s so weird. I don’t even know what “mining” is or how it works.
I do know it’s completely contrived by clever code though.
Edmund and Robert are the real experts here, but basically mining is using computing power to ‘solve’ ever more difficult maths equations in order to generate one of a finite number of credits. Credits, “bitcoins”, are also given for maintaining a ledger of transactions, known as the blockchain.
For quite a while now, it’s been uneconomical for anyone to mine bitcoin that is paying for their own electricity at standard commercial rates, hence computer virii that run bitcoin miners.
That’s a good attempt, thank you, but you still kind of lost me after the first sentence.
This is why gold is good. It’s rare, it’s precious, it’s a great conductor, it’s very shiny and pretty and virtually every society in human history has dug it (sorry) so we know it will stand the test of time. It’s malleable and portable too.
Since I have no idea how to go about buying it (although I know my house is roughly worth one gold bullion bar) I may just go down to the high street jewellers and have a look at what they’ve got.
I assume you are joking, high street jewellers have the biggest mark up on anything ever. Google bullion and you'll find lots of people wanting to sell it to you. The Royal Mint are probably fairly trustworthy.
I had clients involved in a lease dispute a while ago now and their mark up on High Street jewelry was between 1,000-1200%. I've never seen a margin anything like it. Obviously actual turnover is not that great and there is the overhead of the shop etc but wow.
Doesn't surprise me. A wedding ring is something I've bought once in my entire life, an engagement ring is something I've bought once in my entire life and I don't intend to buy either ever again. Keeping a fancy shop with good security and very low turnover of expensive stock requires some margin.
Retail companies tend to go somewhere on the spectrum of stack it high and sell it cheap, to selling not much at a high margin. Makes sense that jewellery is the extreme end of that spectrum.
Why did your wife need to have a gold or diamond ring? I am asking rhetorically of course because that's what people do.
Glad to see that the Coronapocolapyse hysteria continues unabated. It’s almost Diana-esque.
In other news, markets continue to rally, but I’m sure that’s no more than other selling opportunity for some. Whatever the circumstances, they are always correct.
Isn't the amount of energy spent mining Bitcoin absurdly high and therefore very un-green?
I don't see this as a crisis longer than this year. It is the nature of pandemics to burn themselves out over that timescale.
Certainly it will get worse before it gets better in the UK and US, and a number of businesses are going to go under this year as a result, but stocks will be on their way to recovery in 12 months.
It’s so weird. I don’t even know what “mining” is or how it works.
I do know it’s completely contrived by clever code though.
Edmund and Robert are the real experts here, but basically mining is using computing power to ‘solve’ ever more difficult maths equations in order to generate one of a finite number of credits. Credits, “bitcoins”, are also given for maintaining a ledger of transactions, known as the blockchain.
For quite a while now, it’s been uneconomical for anyone to mine bitcoin that is paying for their own electricity at standard commercial rates, hence computer virii that run bitcoin miners.
That’s a good attempt, thank you, but you still kind of lost me after the first sentence.
This is why gold is good. It’s rare, it’s precious, it’s a great conductor, it’s very shiny and pretty and virtually every society in human history has dug it (sorry) so we know it will stand the test of time. It’s malleable and portable too.
Since I have no idea how to go about buying it (although I know my house is roughly worth one gold bullion bar) I may just go down to the high street jewellers and have a look at what they’ve got.
I assume you are joking, high street jewellers have the biggest mark up on anything ever. Google bullion and you'll find lots of people wanting to sell it to you. The Royal Mint are probably fairly trustworthy.
Glad to see that the Coronapocolapyse hysteria continues unabated. It’s almost Diana-esque.
In other news, markets continue to rally, but I’m sure that’s no more than other selling opportunity for some. Whatever the circumstances, they are always correct.
At some point frictional costs together with tax will put the virus sellers in negative territory.
On gold (and silver), I heard recently that preppers quite liked pre-1964 (think I got the year right) dimes or nickels because they had a 90% silver content. That's classed as so-called junk silver, but small quantities mean it's more useful than a block of gold for buying ordinary items in a post-collapse society.
I'm not expecting that, of course, I just thought it quite interesting.
I would have thought one problem in a post-collapse society is that there's a lot of gold/silver around. Certainly a lot more than when the population was last as small as it would be following a collapse. I'm not convinced that it will have rarity value.
How much “ownership” of gold is actually backed by physical realisable assets?
On gold (and silver), I heard recently that preppers quite liked pre-1964 (think I got the year right) dimes or nickels because they had a 90% silver content. That's classed as so-called junk silver, but small quantities mean it's more useful than a block of gold for buying ordinary items in a post-collapse society.
I'm not expecting that, of course, I just thought it quite interesting.
Mr. Dancer, prior to 1920, British silver coins contained high purity, 92.5% (Sterling) silver. From 1920 to 1946, British silver coins contained 50% silver. From 1947 onwards, British silver coins contained no silver.
Though the pre-'47 coins mostly got melted down during the 1979-1980 Hunt Brothers-created silver price spike.
Glad to see that the Coronapocolapyse hysteria continues unabated. It’s almost Diana-esque.
In other news, markets continue to rally, but I’m sure that’s no more than other selling opportunity for some. Whatever the circumstances, they are always correct.
Every month a new wave of pension contributions hits the market.
Why did your wife need to have a gold or diamond ring? I am asking rhetorically of course because that's what people do.
But it's a triumph of marketing over logic.
O, reason not the need! Our basest beggars Are in the poorest thing superfluous. Allow not nature more than nature needs, Man’s life’s as cheap as beast’s. Thou art a lady. If only to go warm were gorgeous, Why, nature needs not what thou gorgeous wear’st, Which scarcely keeps thee warm.
I am doing some stuff to my house, and contemplating futureproofing myself by installing one of those Japanese arse shower thing.
I did have a peek at my stocks earlier and I've lost money on pretty much everything I chose, but offset by the immense overperformance of one winner, my Japanese arse shower manufacturer.
(Also when I sold my bit-coins I let my cat pick some stocks, his picks are doing way better than mine.)
I see that from Friday TfL is banning people from boarding the new Routemaster (aka Boris) bus by either the rear or centre doors on a whole list of routes. It seems people getting on at the back aren't always paying. Who'd have thought?
Isn't the amount of energy spent mining Bitcoin absurdly high and therefore very un-green?
I don't see this as a crisis longer than this year. It is the nature of pandemics to burn themselves out over that timescale.
Certainly it will get worse before it gets better in the UK and US, and a number of businesses are going to go under this year as a result, but stocks will be on their way to recovery in 12 months.
It’s so weird. I don’t even know what “mining” is or how it works.
I do know it’s completely contrived by clever code though.
Edmund and Robert are the real experts here, but basically mining is using computing power to ‘solve’ ever more difficult maths equations in order to generate one of a finite number of credits. Credits, “bitcoins”, are also given for maintaining a ledger of transactions, known as the blockchain.
For quite a while now, it’s been uneconomical for anyone to mine bitcoin that is paying for their own electricity at standard commercial rates, hence computer virii that run bitcoin miners.
That’s a good attempt, thank you, but you still kind of lost me after the first sentence.
This is why gold is good. It’s rare, it’s precious, it’s a great conductor, it’s very shiny and pretty and virtually every society in human history has dug it (sorry) so we know it will stand the test of time. It’s malleable and portable too.
Since I have no idea how to go about buying it (although I know my house is roughly worth one gold bullion bar) I may just go down to the high street jewellers and have a look at what they’ve got.
I assume you are joking, high street jewellers have the biggest mark up on anything ever. Google bullion and you'll find lots of people wanting to sell it to you. The Royal Mint are probably fairly trustworthy.
Sometimes I’m just too lazy for google.
Golden rule for investing: if you don't understand what you are investing in, don't do it.
Off topic and lighthearted to ignore the doom momentarily:
Stormzy appears to have written a song about wor @AlastairMeeks the chorus is as so:
Ayy, in my city I'm the top boy And I didn't even have to be in Top Boy If you're asking what I done then it's a lot, boy You rap meeks make me wanna be a pop boy Ayy, in my city I'm the top boy Mummy always told me give 'em what you got, boy On a mission so they wishing that I flop, boy But I'll never stop popping, I'm the pop boy
I see that from Friday TfL is banning people from boarding the new Routemaster (aka Boris) bus by either the rear or centre doors on a whole list of routes. It seems people getting on at the back aren't always paying. Who'd have thought?
Maybe it's because they are Londoners :-o .
It was the same with bendy buses.
I remember visiting Florence in 1979 and being amazed that we tourists were about the only people who got on at the front with our (modestly priced) tickets. Nobody else bothered.
I read a few weeks later that the authorities in Florence had doubled the tickets prices that nobody paid. What happened? The Florentines protested with outrage and burnt down the bus depot - with all the buses in it.....
Why did your wife need to have a gold or diamond ring? I am asking rhetorically of course because that's what people do.
But it's a triumph of marketing over logic.
O, reason not the need! Our basest beggars Are in the poorest thing superfluous. Allow not nature more than nature needs, Man’s life’s as cheap as beast’s. Thou art a lady. If only to go warm were gorgeous, Why, nature needs not what thou gorgeous wear’st, Which scarcely keeps thee warm.
Also, diamond rings cost less than divorces.
LOL fair point. But it's not an either or situation often, I understand.
On gold (and silver), I heard recently that preppers quite liked pre-1964 (think I got the year right) dimes or nickels because they had a 90% silver content. That's classed as so-called junk silver, but small quantities mean it's more useful than a block of gold for buying ordinary items in a post-collapse society.
I'm not expecting that, of course, I just thought it quite interesting.
I would have thought one problem in a post-collapse society is that there's a lot of gold/silver around. Certainly a lot more than when the population was last as small as it would be following a collapse. I'm not convinced that it will have rarity value.
Interesting, my guess would be the opposite (i.e. people have increased more than the amount of gold has). There is a statistic floating around somewhere which says that all the gold ever mined would fit in a swimming pool, or something.
Once Corona Virus peters out and we haven’t all died from leaving the EU - I guess the chicken lickeners will pivot back to “Climate Justice”.
Possibly the reason the Uk public aren’t that engaged in Corona virus panic - we have “doooooom” fatigue.
In my view CoronaVirus, Leaving the EU and the Climate Emergency are all to be regretted.
Are they all equally worthy of widespread panic ?
They are all worthy of being treated seriously. Obviously leaving the EU is a very minor issue compared to the Climate Emergency, which is something we need to take urgent action on to avoid risking the collapse of human civilisation a few decades in the future. So they really shouldn't be compared.
BTW has anyone suggested that we might be slightly better prepared as a country because of no deal planning done over the last 18 months...
Why do people stockpile toilet paper? Is its supply chain particularly vulnerable or is it just a cliche?
There are those old enough to remember the toilet paper shortage of in the early 70s. This was around the time of the winter if discontent and suddenly toilet paper just disappeared and it rook weeks for it to return.
If Warren loses Massachusetts tonight to Sanders she could well pull out and endorse him, putting her in prime place for his VP pick
If that was likely she would have pulled out before Super Tuesday, now she's gonna be hated for scuppering Sanders' chances.
If she loses Massachusetts, her home state, Warren will drop out by the end of the week without question, probably even if she wins it but loses elsewhere
Six layable candidates now, still including the two non-running former First Ladies.
Back prices for the six sum to 98.1%, and the four actual runners sum to 95.2%, suggesting that punters still think that there’s nearly a 5% chance of some conference shenanigans.
Punters could be right. There must be a fair chance that the winner of the Biden-Sanders duelk dies shortly before the convention. Do delegates then choose the rival? Probably not - they look around...
True, but one would still expect the market to be slightly over-round. Last week the sum of the back prices of layable candidates was as low as 87% - a market that includes two non-runners!
It’s so weird. I don’t even know what “mining” is or how it works.
I do know it’s completely contrived by clever code though.
Edmund and Robert are the real experts here, but basically mining is using computing power to ‘solve’ ever more difficult maths equations in order to generate one of a finite number of credits. Credits, “bitcoins”, are also given for maintaining a ledger of transactions, known as the blockchain.
For quite a while now, it’s been uneconomical for anyone to mine bitcoin that is paying for their own electricity at standard commercial rates, hence computer virii that run bitcoin miners.
That’s a good attempt, thank you, but you still kind of lost me after the first sentence.
This is why gold is good. It’s rare, it’s precious, it’s a great conductor, it’s very shiny and pretty and virtually every society in human history has dug it (sorry) so we know it will stand the test of time. It’s malleable and portable too.
Since I have no idea how to go about buying it (although I know my house is roughly worth one gold bullion bar) I may just go down to the high street jewellers and have a look at what they’ve got.
I assume you are joking, high street jewellers have the biggest mark up on anything ever. Google bullion and you'll find lots of people wanting to sell it to you. The Royal Mint are probably fairly trustworthy.
I had clients involved in a lease dispute a while ago now and their mark up on High Street jewelry was between 1,000-1200%. I've never seen a margin anything like it. Obviously actual turnover is not that great and there is the overhead of the shop etc but wow.
Doesn't surprise me. A wedding ring is something I've bought once in my entire life, an engagement ring is something I've bought once in my entire life and I don't intend to buy either ever again. Keeping a fancy shop with good security and very low turnover of expensive stock requires some margin.
Retail companies tend to go somewhere on the spectrum of stack it high and sell it cheap, to selling not much at a high margin. Makes sense that jewellery is the extreme end of that spectrum.
Why did your wife need to have a gold or diamond ring? I am asking rhetorically of course because that's what people do.
BTW has anyone suggested that we might be slightly better prepared as a country because of no deal planning done over the last 18 months...
Why do people stockpile toilet paper? Is its supply chain particularly vulnerable or is it just a cliche?
There are those old enough to remember the toilet paper shortage of in the early 70s. This was around the time of the winter if discontent and suddenly toilet paper just disappeared and it rook weeks for it to return.
Well, if loo roll runs out, the country always has the Daily Mail, The Sun and The Star. Perhaps, as a public service, they will use softer paper for their upcoming plague editions
BTW has anyone suggested that we might be slightly better prepared as a country because of no deal planning done over the last 18 months...
Why do people stockpile toilet paper? Is its supply chain particularly vulnerable or is it just a cliche?
There are those old enough to remember the toilet paper shortage of in the early 70s. This was around the time of the winter if discontent and suddenly toilet paper just disappeared and it rook weeks for it to return.
Anyway I will be intermittently live blogging from the front line today. Not quite in @BJO territory but I am currently sitting at St Pancras waiting to go to La France.
What happens with early votes? Is it possible that Buttigieg and Klobuchar pick up some delegates tonight even though they've dropped out?
I think they were both looking at having a hard time making 15% in most places even if they'd run, so I doubt either will get anywhere near the threshold to get delegates. There may be quite a few votes wasted on them, though.
Glad to see that the Coronapocolapyse hysteria continues unabated. It’s almost Diana-esque.
In other news, markets continue to rally, but I’m sure that’s no more than other selling opportunity for some. Whatever the circumstances, they are always correct.
This is going to be an interesting week on the markets.
Last night the Nikkei closed slightly down yet the Dow had its best day ever, yesterday, and is rising this morning in pre-trading, as is the FTSE.
The expectation is that central bankers, after their conference call this afternoon, will come out with more specifics on their "all measures necessary" comments yesterday. Whether this helps the economy is a moot point, but if there is more easy money it is likely to help the markets. And of course the US administration has particular reasons to do so.
So we have a tussle between financial action (or at least promise of action) to float the markets, and a likely worsening stream of medical news, especially from the US, that will be pushing them down.
How this will play out is anybody's guess. I'd hazard that the lift from yesterday may carry through today and perhaps longer, but when the shock that west coast America is in the same position as northern Italy hits the media, markets will surely fall again. So for traders, there should be opportunities.
I see that from Friday TfL is banning people from boarding the new Routemaster (aka Boris) bus by either the rear or centre doors on a whole list of routes. It seems people getting on at the back aren't always paying. Who'd have thought?
A practice that started with the 'bendy' bus from pre Boris days, I am reliabley informed by the youth from that time.
It’s known as a ‘Full English’ so not that much of a stretch to homily call it ‘patriotic’ in a headline. Don’t wallies like James O’Brien ever just think ‘I disagree with them politically but I’m not going to make a prat of myself by forcing an angry opinion out of it’?
At least he’s not falling for and promoting fake paedo news today I suppose
Why did your wife need to have a gold or diamond ring? I am asking rhetorically of course because that's what people do.
But it's a triumph of marketing over logic.
Because it's pretty, romantic, something she will appreciate, something that lasts and something she'll wear every day for the rest of her life.
Which will be worn more - one £1000 ring or 10 £100 dresses?
Romantic? Getting something from H Samuel or Tessier? Zero imagination or romance.
Just think of all the amazing original things you could have bought her instead of following the crowd.
Surely it depends upon the lady? Incidentally how I proposed was (AFAIK) original to go with the ring and something I knew she'd appreciate. Part of romance is understanding your other half surely?
BTW has anyone suggested that we might be slightly better prepared as a country because of no deal planning done over the last 18 months...
Why do people stockpile toilet paper? Is its supply chain particularly vulnerable or is it just a cliche?
There are those old enough to remember the toilet paper shortage of in the early 70s. This was around the time of the winter if discontent and suddenly toilet paper just disappeared and it rook weeks for it to return.
The grimness of newspapers torn into strips...
Something that could rescue the newspaper business? At least temporarily.
Glad to see that the Coronapocolapyse hysteria continues unabated. It’s almost Diana-esque.
In other news, markets continue to rally, but I’m sure that’s no more than other selling opportunity for some. Whatever the circumstances, they are always correct.
This is going to be an interesting week on the markets.
Last night the Nikkei closed slightly down yet the Dow had its best day ever, yesterday, and is rising this morning in pre-trading, as is the FTSE.
The expectation is that central bankers, after their conference call this afternoon, will come out with more specifics on their "all measures necessary" comments yesterday. Whether this helps the economy is a moot point, but if there is more easy money it is likely to help the markets. And of course the US administration has particular reasons to do so.
So we have a tussle between financial action (or at least promise of action) to float the markets, and a likely worsening stream of medical news, especially from the US, that will be pushing them down.
How this will play out is anybody's guess. I'd hazard that the lift from yesterday may carry through today and perhaps longer, but when the shock that west coast America is in the same position as northern Italy hits the media, markets will surely fall again. So for traders, there should be opportunities.
As I keep saying, the timing needs to be spot on and frictional costs together with tax will make playing the peaks and troughs very challenging.
For example, what would you do this minute given the possible stock price paths you have outlined in your post.
As we used to say when we were pricing derivative products for corporates: "are your views really that complicated?"
Mobile phones as fomites for potential pathogens in hospitals: microbiome analysis reveals hidden contaminants https://www.sciencedirect.com/science/article/abs/pii/S0195670119303913 Almost all (99.2%) of hospital staff smartphones were contaminated with potential pathogens, and bacterial colony forming units (CFUs) were significantly higher on hospital phones than in the control group. Meticillin-resistant Staphylococcus aureus (MRSA) and vancomycin-resistant Enterococcus (VRE) were only detected on hospital mobile phones. Metabarcoding revealed a far greater abundance of Gram-negative contaminants, and much greater diversity, than culture-based methods. Bacillus spp. were significantly more abundant in the hospital group.
Pretty sure this will will apply to coronavirus, too.
It does apply to Coronaviruses* too, but the well researched Coronaviruses do not survive easily outside humans/animals, and cannot replicate. Notice that the named pathogens are all bacterial, many of which survive easily in warm pocket environments.
*remember Covid-19 is just one of several Coronaviruses.
I think the point of the bacterial comparison (which was made by the virologist quoted in the Korean Times) is that the current coronavirus, from what evidence we have so far, seems to be extremely contagious, but not particularly transmissible by the airborne route.
Which perhaps gives extra force to the hand washing/not touching face/personal hygeine etc advice.
Glad to see that the Coronapocolapyse hysteria continues unabated. It’s almost Diana-esque.
In other news, markets continue to rally, but I’m sure that’s no more than other selling opportunity for some. Whatever the circumstances, they are always correct.
This is going to be an interesting week on the markets.
Last night the Nikkei closed slightly down yet the Dow had its best day ever, yesterday, and is rising this morning in pre-trading, as is the FTSE.
The expectation is that central bankers, after their conference call this afternoon, will come out with more specifics on their "all measures necessary" comments yesterday. Whether this helps the economy is a moot point, but if there is more easy money it is likely to help the markets. And of course the US administration has particular reasons to do so.
So we have a tussle between financial action (or at least promise of action) to float the markets, and a likely worsening stream of medical news, especially from the US, that will be pushing them down.
How this will play out is anybody's guess. I'd hazard that the lift from yesterday may carry through today and perhaps longer, but when the shock that west coast America is in the same position as northern Italy hits the media, markets will surely fall again. So for traders, there should be opportunities.
As I keep saying, the timing needs to be spot on and frictional costs together with tax will make playing the peaks and troughs very challenging.
For example, what would you do this minute given the possible stock price paths you have outlined in your post.
As we used to say when we were pricing derivative products for corporates: "are your views really that complicated?"
I am mostly trading on the spreads; my holdings (free of tax in ISAs and SIPP) have been defensively positioned for some time and the selling I did last week and previously was at the margin. I have some cash to invest if the time looks right.
On the spreads, last week I was unusually lucky in that my timing was very good, and the profit is in the bank.
Right now I have taken the smallest of sell positions with the Dow back to 26,650, on the basis that more bad medical news from the US seems only a matter of time. But this may go underwater if the central bankers win investors round this afternoon. If the market soars I would be looking to take a new sell position this evening or tomorrow morning.
Why did your wife need to have a gold or diamond ring? I am asking rhetorically of course because that's what people do.
But it's a triumph of marketing over logic.
Because it's pretty, romantic, something she will appreciate, something that lasts and something she'll wear every day for the rest of her life.
Which will be worn more - one £1000 ring or 10 £100 dresses?
Romantic? Getting something from H Samuel or Tessier? Zero imagination or romance.
Just think of all the amazing original things you could have bought her instead of following the crowd.
Surely it depends upon the lady? Incidentally how I proposed was (AFAIK) original to go with the ring and something I knew she'd appreciate. Part of romance is understanding your other half surely?
I'm sure it was the most romantic thing ever. But for someone as rigorously analytic and logical as yourself doesn't the idea of giving a wife a diamond ring "because that's what people do" seem a bit off?
Comments
https://www.sciencedirect.com/science/article/abs/pii/S0195670119303913
Almost all (99.2%) of hospital staff smartphones were contaminated with potential pathogens, and bacterial colony forming units (CFUs) were significantly higher on hospital phones than in the control group. Meticillin-resistant Staphylococcus aureus (MRSA) and vancomycin-resistant Enterococcus (VRE) were only detected on hospital mobile phones. Metabarcoding revealed a far greater abundance of Gram-negative contaminants, and much greater diversity, than culture-based methods. Bacillus spp. were significantly more abundant in the hospital group.
Pretty sure this will will apply to coronavirus, too.
https://access.redhat.com/solutions/4851251
Mrs Sandpit has a 1ct diamond engagement ring that cost me £3.5k, the same ring in the UK would likely be £7-£10k at a high street jeweller and £15-20k at a ‘designer’ jeweller like Tiffany.
*remember Covid-19 is just one of several Coronaviruses.
https://twitter.com/SolankeSanjay/status/1221807294926614528?s=09
https://www.theguardian.com/business/2020/mar/02/uk-supermarkets-braced-for-stockpiling-if-coronavirus-escalates-panic-buying
BTW has anyone suggested that we might be slightly better prepared as a country because of no deal planning done over the last 18 months...
Equities, on the other hand...
Keith Stormer is 17 years older than the other two candidates, so who replaces him if he dies?
Nah, not even quite exciting....
https://www.telegraph.co.uk/politics/2020/03/02/tory-mps-dismissing-claims-priti-patel-bully-wonder-john-bercow/
Retail companies tend to go somewhere on the spectrum of stack it high and sell it cheap, to selling not much at a high margin. Makes sense that jewellery is the extreme end of that spectrum.
I am doing some stuff to my house, and contemplating futureproofing myself by installing one of those Japanese arse shower thing.
But it's a triumph of marketing over logic.
In other news, markets continue to rally, but I’m sure that’s no more than other selling opportunity for some. Whatever the circumstances, they are always correct.
Though the pre-'47 coins mostly got melted down during the 1979-1980 Hunt Brothers-created silver price spike.
Thank you. That’s a superb explanation.
https://www.bbc.co.uk/news/business-51648556
I hope Keir has read it.
Are in the poorest thing superfluous.
Allow not nature more than nature needs,
Man’s life’s as cheap as beast’s. Thou art a lady.
If only to go warm were gorgeous,
Why, nature needs not what thou gorgeous wear’st,
Which scarcely keeps thee warm.
Also, diamond rings cost less than divorces.
Current Deaths 3,123 tweet predicts for 8th March 1220 deaths
If we use this list as a Timeline then we are at around 22nd March
(Also when I sold my bit-coins I let my cat pick some stocks, his picks are doing way better than mine.)
Which will be worn more - one £1000 ring or 10 £100 dresses?
I read a few weeks later that the authorities in Florence had doubled the tickets prices that nobody paid. What happened? The Florentines protested with outrage and burnt down the bus depot - with all the buses in it.....
Dem I-talians, huh?
Just think of all the amazing original things you could have bought her instead of following the crowd.
Yet?
People here seem unfazed.
Mr. Password, possibly, but if mints cease to function widely then widely accepted items of trade will include silver and gold, one would've thought.
I think there was a videogame in which bullets were one of the units of trade, which is an interesting take.
(It probably played better as an idea with his mates down the pub.)
https://www.bbc.co.uk/news/live/world-51716375
inform, fascinate, entertain
Last night the Nikkei closed slightly down yet the Dow had its best day ever, yesterday, and is rising this morning in pre-trading, as is the FTSE.
The expectation is that central bankers, after their conference call this afternoon, will come out with more specifics on their "all measures necessary" comments yesterday. Whether this helps the economy is a moot point, but if there is more easy money it is likely to help the markets. And of course the US administration has particular reasons to do so.
So we have a tussle between financial action (or at least promise of action) to float the markets, and a likely worsening stream of medical news, especially from the US, that will be pushing them down.
How this will play out is anybody's guess. I'd hazard that the lift from yesterday may carry through today and perhaps longer, but when the shock that west coast America is in the same position as northern Italy hits the media, markets will surely fall again. So for traders, there should be opportunities.
At least he’s not falling for and promoting fake paedo news today I suppose
https://twitter.com/mrjamesob/status/1234603452187205633?s=21
For example, what would you do this minute given the possible stock price paths you have outlined in your post.
As we used to say when we were pricing derivative products for corporates: "are your views really that complicated?"
Mr. Isam, well, quite.
Persistence of coronaviruses on inanimate surfaces and their inactivation with biocidal agents
https://www.journalofhospitalinfection.com/article/S0195-6701(20)30046-3/fulltext
I think the point of the bacterial comparison (which was made by the virologist quoted in the Korean Times) is that the current coronavirus, from what evidence we have so far, seems to be extremely contagious, but not particularly transmissible by the airborne route.
Which perhaps gives extra force to the hand washing/not touching face/personal hygeine etc advice.
On the spreads, last week I was unusually lucky in that my timing was very good, and the profit is in the bank.
Right now I have taken the smallest of sell positions with the Dow back to 26,650, on the basis that more bad medical news from the US seems only a matter of time. But this may go underwater if the central bankers win investors round this afternoon. If the market soars I would be looking to take a new sell position this evening or tomorrow morning.
https://twitter.com/AmIRightSir/status/1234767237300596738