Announcement

Collapse
No announcement yet.

Business, Economics, and Tax Policy 8: Bezos Takes Over the World

Collapse
This topic is closed.
X
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

    Originally posted by Kepler View Post
    If I am reading correctly he set up a situation where his earnings would have eventually more than offset his losses but his losses came first (in fact, immediately) and the platform then forced him to cash out his earnings, at way below what they would ultimately have been, to pay for his losses. That implies that if he had had a stable reservoir of funds to draw from to cover his losses then his large earnings would have been left to come in as expected, eventually, and he'd have finished ahead.

    Did I get that right?
    For a box spread, everything has to go wrong in the right order. It creates OMG risk when that happens, but it's not a common thing. Just because it's not common doesn't mean you're guaranteed money. That investor clearly didn't understand that, and lost his shirt on the trade - assuming he didn't declare bankruptcy.
    "The party told you to reject the evidence of your eyes and ears. It was their final, most essential command." George Orwell, 1984

    "One does not simply walk into Mordor. Its Black Gates are guarded by more than just Orcs. There is evil there that does not sleep, and the Great Eye is ever watchful. It is a barren wasteland, riddled with fire and ash and dust, the very air you breathe is a poisonous fume." Boromir

    "Good news! We have a delivery." Professor Farnsworth

    Comment


    • Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

      Originally posted by St. Clown View Post
      For a box spread, everything has to go wrong in the right order. It creates OMG risk when that happens, but it's not a common thing. Just because it's not common doesn't mean you're guaranteed money. That investor clearly didn't understand that, and lost his shirt on the trade - assuming he didn't declare bankruptcy.
      As I understand it it wasn't even his shirt, it was the investment platform's shirt, hence why they pulled the plug.

      And he may have managed to withdraw $10K before the whole thing blew up.

      This is going to make the lawyers need lawyers.
      Michigan Tech Huskies Pep Band: There's No Use Trying To Talk. No Human Sound Can Stand Up To This. Loud Enough To Knock You Down.

      Comment


      • Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

        Usually when you have losses like that, the platform holds you accountable. You sign agreements stating as much.

        It’s also why you don’t make naked options unless you know what you’re doing.
        Code:
        As of 9/21/10:         As of 9/13/10:
        College Hockey 6       College Football 0
        BTHC 4                 WCHA FC:  1
        Originally posted by SanTropez
        May your paint thinner run dry and the fleas of a thousand camels infest your dead deer.
        Originally posted by bigblue_dl
        I don't even know how to classify magic vagina smoke babies..
        Originally posted by Kepler
        When the giraffes start building radio telescopes they can join too.
        He's probably going to be a superstar but that man has more baggage than North West

        Comment


        • Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

          Verifying what we all knew. Mitch said he needed a new line of work if they couldn’t sell this.

          https://www.newsandguts.com/report-t...or-investment/

          Comment


          • Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

            Originally posted by Deutsche Gopher Fan View Post
            Verifying what we all knew. Mitch said he needed a new line of work if they couldn’t sell this.

            https://www.newsandguts.com/report-t...or-investment/
            That's because it was a heist. It delivered exactly what it was designed to, just like Dubya's and Reagan's thefts.

            Invest in guillotine futures.
            Cornell University
            National Champion 1967, 1970
            ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
            Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

            Comment


            • Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

              I was thinking pitch forks, as Nick Haneuer likes to say

              Comment


              • Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

                Originally posted by Deutsche Gopher Fan View Post
                Verifying what we all knew. Mitch said he needed a new line of work if they couldn’t sell this.

                https://www.newsandguts.com/report-t...or-investment/
                Turtle Boy needs to die in a fire. He can take Ayn Rand Masturbation Boy with him.
                **NOTE: The misleading post above was brought to you by Reynold's Wrap and American Steeples, makers of Crosses.

                Originally Posted by dropthatpuck-Scooby's a lost cause.
                Originally Posted by First Time, Long Time-Always knew you were nothing but a troll.

                Comment


                • Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

                  Remember the 13k jobs Foxconn promised the State of Wisconsin and USA in return for the $4.1 Billion in exemptions and subsidies?

                  Remember how they announced a few weeks ago that they didn't meet their first tax break goal by hiring 80 less people than initially reported? But they were still on goal for 5k by 2020?

                  Yeeeeaaaahhhh... about that...

                  [S]pecial assistant to Foxconn’s chief executive saying that the company is considering shelving plans for a factory altogether.
                  “In Wisconsin we’re not building a factory. You can’t use a factory to view our Wisconsin investment,” Louis Woo, a special assistant to Foxconn chairman Terry Gou and a key negotiator in the Wisconsin deal, told Reuters.

                  Bloomberg reports that Woo said there were no plans to scrap the facility altogether but that the company was reconsidering what operations might be best for the site.
                  As well as the number of jobs diminishing, the type of work is changing, too. Instead of focusing on factory work, Foxconn claims it will create higher-skilled, R&D occupations. Woo told Reuters that about three-quarters of the jobs Foxconn will create in the state will be so-called “knowledge” positions.
                  “Demolish the bridges behind you… then there is no choice but to build again.”

                  Live Radio from 100.3

                  Comment


                  • Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

                    Originally posted by aparch View Post
                    Remember the 13k jobs Foxconn promised the State of Wisconsin and USA in return for the $4.1 Billion in exemptions and subsidies?

                    Remember how they announced a few weeks ago that they didn't meet their first tax break goal by hiring 80 less people than initially reported? But they were still on goal for 5k by 2020?

                    Yeeeeaaaahhhh... about that...
                    rotflmao
                    **NOTE: The misleading post above was brought to you by Reynold's Wrap and American Steeples, makers of Crosses.

                    Originally Posted by dropthatpuck-Scooby's a lost cause.
                    Originally Posted by First Time, Long Time-Always knew you were nothing but a troll.

                    Comment


                    • Originally posted by aparch View Post
                      Remember the 13k jobs Foxconn promised the State of Wisconsin and USA in return for the $4.1 Billion in exemptions and subsidies?

                      Remember how they announced a few weeks ago that they didn't meet their first tax break goal by hiring 80 less people than initially reported? But they were still on goal for 5k by 2020?

                      Yeeeeaaaahhhh... about that...
                      Congrats Wisconsin, looks like you got...



                      (•_•)
                      ( •_•)>⌐■-■
                      (⌐■_■)



                      Conn'ed.

                      YEAHHHHHHHHHHHHH!

                      Comment


                      • Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

                        I’m picturing councilman Jamm yelling “you got JAMMED”

                        Comment


                        • Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

                          Originally posted by FadeToBlack&Gold View Post
                          Congrats Wisconsin, looks like you got...



                          (•_•)
                          ( •_•)>⌐■-■
                          (⌐■_■)



                          Conn'ed.

                          YEAHHHHHHHHHHHHH!
                          I hope Pete Townshend gets a nickle each time a person uses this meme.
                          Cornell University
                          National Champion 1967, 1970
                          ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
                          Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

                          Comment


                          • Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

                            Originally posted by Kepler View Post
                            I hope Pete Townshend gets a nickle each time a person uses this meme.
                            As if he needs the money at this point.

                            Comment


                            • Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

                              Why not both?
                              Cornell University
                              National Champion 1967, 1970
                              ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
                              Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

                              Comment


                              • Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

                                Originally posted by Kepler View Post
                                Yes, both. And it's still not far enough.
                                **NOTE: The misleading post above was brought to you by Reynold's Wrap and American Steeples, makers of Crosses.

                                Originally Posted by dropthatpuck-Scooby's a lost cause.
                                Originally Posted by First Time, Long Time-Always knew you were nothing but a troll.

                                Comment

                                Working...
                                X