121–130 of 165 posts
NPR's Planet Money also bought some oil: https://www.npr.org/sections/money/2016/08/26/491342091/plan...
I think Planet Money also bought a mortgage backed security a while back when things had already gone south. They tracked the houses involved and their history. It was interesting to see the investment tied to specific homes, and etc.
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I think Planet Money also bought a mortgage backed security a while back when things had already gone south. They tracked the houses involved and their history. It was interesting to see the investment tied to specific homes, and etc.
John Oliver bought peoples debt and released it: https://www.youtube.com/watch?v=hxUAntt1z2c
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I'm not sure there's much of anything that will get the NIMBYs riled up more than a million barrels of crude.
Who does want a million barrels of crude in their back yard? As a very rough estimate, you'd have to stack them the better part of a mile high in mine.
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Sure, I bought a Delta Airlines bond with a 3.4% coupon for 93 cents on the dollar due in a year from now. Provided Delta doesn't go bankrupt in a year I will make 10%. They have a pretty healthy balance sheet compared to their peers and I don't expect the government to let the sector fail in such a way that bondholders get wiped out.
I would of thought holding Delta stock would have more than 10% upside if they don’t go bankrupt
https://outline.com/meyY6X
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You have to dig a hole before you can fill it.
Backhoes are cheap. Maybe environmental issues? I imagine someone would have a problem if I just dug a hole and filled it.
This reminded me of the opposite story: https://thedailywtf.com/articles/Special-Delivery Tldr- commodities trader accidentally specified physical delivery for several thousand tons of coal; very surprised when the barges show up at their waterfront office.
I think the story is fiction. I don't think commodities are sent wherever your office is. Isn't the location of delivery set as a part of the futures contract?
I'd guess, for this particular story, that at least the misparsing of XML for a futures contract actually happened, and maybe that some producer consequently had to ask about the feasibility of delivering to a corporate office that happened to be in former docklands. It's entirely possible that the commodity involved was not coal, and it's extremely unlikely that a guy showed up one day at the front desk with a clipboard and barges outside.
In response to skepticism in the comments, the article's author gives an example of a futures contract on eggs where delivery was accidentally taken: https://web.archive.org/web/20090925022603/http://www.minyan...