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jordanb

HN member
Joined
Tue, Oct 27, 2009, 3:44 AM UTC
HN karma
9,328
Public activity
1,453 items

About jordanb

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Recent public activity

  1. comment
    Comment #49210739

    I don't think many of the BBB healthcare cuts have hit yet.

  2. comment
    Comment #49210718

    Maybe. But I think the government could just lie about both quarters and then restate after the election.

  3. comment
    Comment #49197042

    You never said the Treasury has to borrow this money. I'm saying the Treasury has to borrow this money. The Treasury does not have the ability to "create money out of thin air." Th…

  4. comment
    Comment #49189339

    That makes sense yes.

  5. comment
    Comment #49184546

    > The bail jumping charge was dismissed; Abrams-Phillips was found guilty only of weed possession in the case, according to the court records. Apparently the bail jumping charge wa…

  6. comment
    Comment #49160583

    By the way the final thing you appear to not be understanding is that the Treasury had to borrow money to buy those yen. What do you think gets issued when the US Treasury borrows …

  7. comment
    Comment #49156192

    > The yield is determined by what the buyers demand Your mistake is misunderstanding the power central banks have in managing these assets. The Fed can make the yield whatever it w…

  8. comment
    Comment #49155397

    > Anybody with large enough holding of US treasuries has leverage over the US: Large selling of those treasures will raise the yield on them, which is the last thing the US in its …

  9. comment
    Comment #49155341

    * Japan liquidating its reserves to protect the Yen and its effect on US treasury yield or anything else can easily be undone by the Fed, if so desired. With an impact on the Fed's…

  10. comment
    Comment #49149533

    Either they spent euro reserves or bought euros with dollars so that's kinda irrelevant. This thread kicked off with an incorrect belief that Japan had leverage over the US with so…

  11. comment
    Comment #49146976

    Which it had to buy using dollars..

  12. comment
    Comment #49146333

    So is the US Treasury actions. The US Treasury is using dollars to buy yen on the open market to support the price of yen versus the dollar.

  13. comment
    Comment #49146322

    No it would not. * Japan needs dollars to buy yen. * Japan sells US bonds to the US Fed in exchange for dollars * Japan uses the dollars to buy up Yen adding Dollars to the market …

  14. comment
    Comment #49146142

    You're asking where the Fed gets money?

  15. comment
    Comment #49145737

    But this is what the US Treasury is doing on Japan's behalf without requiring Japan to give up any bonds. If Japan wants a stronger Yen against the dollar why not make them spend t…

  16. comment
    Comment #49145364

    This would be a dumb move. If Japan's treasury started selling a large amount of US debt, the Fed could buy it up and pay interest to itself. Japan would then have a whole bunch of…

  17. comment
    Comment #49144805

    The process actually ends up working like this: 1) you sign the cards 2) the company alleges that the cards were signed under duress and people didn't actually want to sign. This i…

  18. comment
    Comment #49144771

    Some do, but if you hire a union busting law firm the first thing they have you do is read a statement alleging impropriety with the union cards, in order to initiate the NLRB proc…

  19. comment
    Comment #49144481

    It's not that the company can forgo the election. The company must allege that the cards are improper in order to activate the NLRB secret balloting process.

  20. comment
    Comment #49144465

    Wikipedia has to say that people were being coerced to sign the cards in order to activate the NLRB secret balloting process. The "normal" thing (as expected by the law) is the com…

  21. comment
    Comment #49144422

    No. There's basically a chicken and egg problem. It is not illegal to discuss unions in the workplace or to pledge support for a union. But the "union" has no standing to do anythi…

  22. comment
    Comment #49144340

    > we have heard from some staff members that they felt pressured because the organizers would know how they decided This is a statement written by their lawyers to activate the NLR…

  23. comment
    Comment #49144269

    When strikes are legal is really complicated and depends on industry. The thing to understand is that labor law in the US was created to "reduce labor strife." Unions existed befor…

  24. comment
    Comment #49144224

    They are doing it the correct way. In order to get union recognition you need to get enough people in the company to sign union cards. This is the normal way to create a union. Com…

  25. comment
    Comment #49143746

    SV is a cancer. Even its charities are like this.