321–330 of 367 posts
Insider trading laws are for the plebs. Tip off your cousin about an acquisition by a public company? Go to prison. Tip off your cronies about war? Business as usual.
Honestly, insider trading laws should be removed since they manipulate markets. If you know things, make moves that are public, that would price things _more_ accurately.
What if it's not insider trading and in fact the Trump inner circle has been compromised and foreign actors are trading on the news? You might think they wouldn't want to expose themselves just to make some money on oil futures, but at this point, they are bringing in billions.
Apply Occam's Razor to your statement and try again.
Earlier quoted context omitted.
The whole retail theft epidemic (and the ensuing Union Pacific cargo theft ) was a corporate scam perpetrated by local news and law enforcement PR departments.
This is willful (intentional) ignorance.
Like how Cloudflare wants you to think every unprotected website gets DDoSed.
Earlier quoted context omitted.
> but we should ask ourselves how democracy can function if candidates can just make things up during campaigns and do the complete opposite when they’re elected. Education. Actually teaching people how to think critically about what they see and hear needs to start as soon as they get a phone in their hand, if not sooner. That education in critical thinking needs to come from family, school, social clubs and religio…
Time and time again, I keep finding that the people insisting schools teach "Critical thinking" were the exact people who didn't pay attention in English class when that was taught. Like when people used to say that "Schools should teach useful things like balancing a checkbook or paying your taxes". Which is funny, because the skills required to do those two things are addition, subtraction, and reading. Americans d…
That's why it can't just be school. It needs to be a societal thing that goes beyond schools to all the other places people get socialized and learn. I mean maybe churches, social groups, and families are all teaching the willful ignorance you're talking about, but if they are that's what needs to change. People need to hear the same thing from different places before they'll believe it sometimes.
Earlier quoted context omitted.
Airlines are absolutely still hedging fuel: https://www.aerotime.aero/articles/airline-fuel-hedging-iran...
Southwest was famously killing it during the oil shocks of the 1990s and 2000s because they had the foresight to buy futures when spot prices were low. See https://southwest50.com/our-stories/the-southwest-jet-fuel-h... - I used to joke that Southwest was a futures trader disguised as an airline. Unfortunately they ditched the strategy last year, claiming the costs were no longer worth the benefits: https://www.wsj.c…
Now the airlines simply raise fares in lockstep when oil gets expensive, or simply go out of business, like Spirit did last week.
Earlier quoted context omitted.
You have to read more than the clickbait headline > While this figure might appear significant, it constitutes a mere 1.5 per cent reduction in total worldwide aviation capacity,
The article cites airlines which raise the prices of already sold tickets. I agree, the impacts of the current jet fuel shortage are still small.
Earlier quoted context omitted.
The article displays a laughably out of date view of futures markets, too There are people and institutions, such as oil producers, who will need to sell oil at a future date. They want to lock in the price today on those future sales. There are also people and institutions, such as airlines, who have a future need for oil and would like to lock in the price today. Airlines haven’t hedged fuel in a long time and gene…
> The rest of the market is speculation Metals (miners manufacturers) and agricultural (farmers food makers) futures are still non-speculative. There are industries that still buy materials from these markets, for delivery, as in they want to see the physical product in their hands. I was surprised to find that out as well
Some markets don’t have a futures market like hay, so people have to buy at spot prices and store it themselves.
Earlier quoted context omitted.
It’s a myth that petty shoplifting is something done by poor people. The people doing it are usually part of organised crime (that is not “hyperlocal”) and generally are doing better than actual poor people. The idea poor people are somehow criminal is a myth that needs to be eradicated.
> t’s a myth that petty shoplifting is something done by poor people. The people doing it are usually part of organised crime (that is not “hyperlocal”) and generally are doing better than actual poor people There is not such a strong distinction. Organized crime groups often use poor people who have few alternatives as the pawns of their theft and fencing operations. People with other better options don't usually ta…
There is not overall any sign that poor people, as a whole, have increased criminality; other factors like culture are far stronger.
Punishing crime and preventing it (like shoplifting) helps poor people, too. Poor people do not benefit from stores closing, or having the stores closest to them have everything locked up.
Earlier quoted context omitted.
To be fair, you could also be a real world user of a commodity and productively use futures markets. For example, an airline or trucking company using them to hedge fuel prices.
Then your average price is higher than average. I heard airlines don't use futures any more because they need to keep costs low.
They also allow some insights on future demand, which can help you plan production of your commodity.
Earlier quoted context omitted.
There's a The issue is that the odds aren't actually 50/50 on you buying either side of the trade; one half will look like a better deal (and given public information, it is a better deal) so you'll buy that half. Then when the market resolves, it'll turn out that insiders knew some piece of information that made the other half of the trade a better choice.
If that was the case you'd start consistently buying the side that looks worse, which would align with insiders and you'd make money.