Earlier quoted context omitted.
[flagged]
Not really seeing the connection there. You buy low and sell high.
In the context of war profiteering this is a long used racist trope, intentionally misquoted
Grand Theft Oil Futures: Insider traders keep making a killing at our expense
291–300 of 367 posts
Re: Grand Theft Oil Futures: Insider traders keep making a killing at our expense
#292I remember one take I had in 2024 after the election. We're all familiar with some of the "defund the police" experiments that went too far in places like Portland and San Francisco and resulted in things like epidemics of casual shoplifting. Well, what we just did is basically the white collar crime equivalent. We now have a wide open free for all for all forms of white collar crime. You can just insider trade, laun…
> You can just insider trade, launder money, commit investment fraud, anything you want, the way you saw random people just walking into CVS drug stores years ago in SF and grabbing stuff and walking out. Something I'd disagree with is... enforcement will not help against what causes people to turn out and steal in stores. Fix widespread poverty, get people out of homelessness, help people legitimately get off of dru…
> It is just pure unchecked greed that drives them
I'm a fan of an idea I ran across recently. Instead of calling Musk, Bezos, Zuck, Ellison, etc the richest people in the world, we should call them the greediest.
"Greediest man in the world Elon Musk promises robotaxis" hits different than the "Richest man" version
Don't say "Billionaire Jeff Bezos does ", say "Champion of Greed Jeff Bezos..."
Re: Grand Theft Oil Futures: Insider traders keep making a killing at our expense
#293Earlier quoted context omitted.
> Tucker Carlson I'd just like to remind everyone that this guy got fired from Fox News for being too extreme an idealogue. > I’m not defending their poor judgement of an infamous con artist At some point you have to hold adult Republicans accountable for their actions. They were warned repeatedly; they chose to ignore the warnings. > ask how it’s possible that such unpopular wars always seem to have bipartisan suppo…
> At some point you have to hold adult Republicans accountable for their actions. They were warned repeatedly; they chose to ignore the warnings. Well, he did win Democrat votes as well because the party put up such horrible candidates twice.
> Well, he did win Democrat votes as well because the party put up such horrible candidates twice.
In the last cycle, the Democratic Party stumbled egregiously, no question; but the functionally binary choice was between a predictable, if unoriginal bureaucrat vs. a documented prodigious liar and adjudicated rapist. I suppose for some tiny number of self-identifying progressives that would be toss-up, but I would love to understand the value system that could produce such a decision.
Re: Grand Theft Oil Futures: Insider traders keep making a killing at our expense
#294Earlier quoted context omitted.
Unlike Venezuela and Iran, Cuba doesn't really fuel China, so I assume it's not such a priority.
I mean, in that case why rattle about Greenland?
I think that was just silly. Nothing actually happened in Greenland. His whole thing is about slowing China down. That explains Venezuela, Iran, and a lot of the price-rising tariffs are explained by wanting to choke Russia's oil and gas revenues, which also has the secondary effect of hitting China.
Re: Grand Theft Oil Futures: Insider traders keep making a killing at our expense
#295Earlier quoted context omitted.
> enforcement will not help against what causes people to turn out and steal in stores Yes and no. Enforcement deters career criminals by increasing the cost of doing business. Improving society means fewer honest people have to turn to crime. > insider traders and billion-scale fraudsters - they do not have the need for survival pushing them to do crime. It is just pure unchecked greed that drives them Right, so car…
My point is, increasing enforcement will not help against petty crime, because you gotta feed yourself somehow. The people on the lowest rungs of society dealing crack cocaine or acting as the front men for fencing rings - they got nothing to lose. In fact there's more than enough reports of people letting themselves get caught at some petty crime before winter hits so they got a few months in jail where they're at l…
> increasing enforcement will not help against petty crime
I disagree. Career criminals also do petty crime.
Re: Grand Theft Oil Futures: Insider traders keep making a killing at our expense
#296Earlier quoted context omitted.
In the absence of the insider trader selling you oil futures on the basis of his insider knowledge, what would you do? You'd buy oil futures at broadly the same price from someone else (maybe a worse price! Because the presence of the insider selling is already driving the price down). So how exactly do you lose? The only people who lose out are those whose limit orders don't get filled because the insider outbid the…
This is completely ignorant of market microstructure. For big swaths of the market, most parties interacting with the market do so by trading with a market maker who ensures that everyone's trades clear immediately in exchange for a fee that covers the risk of getting caught offsides. If you're big enough, it makes sense to take that risk in house, but the risk and its very real financial cost remains. In both cases,…
Sometimes trading with people who have better information than you is part of the risk you take on when you run a market-making strategy.
Re: Grand Theft Oil Futures: Insider traders keep making a killing at our expense
#297Earlier quoted context omitted.
> I'd just like to remind everyone that this guy got fired from Fox News for being too extreme an idealogue. Do you have any evidence that this was the reason?
I don’t think we need to be providing proof that the sky is blue at this point but here you go. https://www.theguardian.com/media/2023/oct/31/tucker-carlson...
The article doesn't even include the words "ideologue" or "extreme" or make a similar claim.
Very weird and defensive response.
Re: Grand Theft Oil Futures: Insider traders keep making a killing at our expense
#298All the more reason to consider small hybrid vehicles and full-electric vehicles where charging is plentiful (https://www.youtube.com/watch?v=KnUFH5GX_fI)
Re: Grand Theft Oil Futures: Insider traders keep making a killing at our expense
#299Earlier quoted context omitted.
Shorts don't cost much to open, just the borrow rate on the shares. As long as it goes straight down you can leverage quite a bit without getting called. Of course, this is the fastest way to lose your shirt and everything you have ever worked for, if there is any uncertainty.
Yes, I'm sure Robinhood or Schwab will allow me to open a $2M short position when my portfolio is $[sufficiently small that I'm debating the costs of a couple of thousand for a helicopter charter].
It's easy enough to synthesize 100x leverage by synthesis through options. If you have $25k for a margin account you could do it no problem. Of course, your funds would be rapidly vaporized if you were even a little bit wrong on timing or you needed more margin for volatility to keep it from getting called before it dips.
Re: Grand Theft Oil Futures: Insider traders keep making a killing at our expense
#300Earlier quoted context omitted.
Not really seeing the connection there. You buy low and sell high.
In the context of war profiteering this is a long used racist trope, intentionally misquoted
So any criticism of one of the richest family in history is inherently racist?
That’s exactly what you’re saying in response to nothing more than a quote.