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ahosai

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recent comments, posts, and shares:
ahosai  ·  18 days ago  ·  link  ·    ·  parent  ·  post: New Mexico town near vast reservation shuts everyone out

I worked in Window Rock on the Navajo Nation last summer and stayed in Gallup while I was there. Both the rez and Gallup are possibly the most abject poverty I have ever experienced in the developed world. The horrors of colonialism still affect that part of the country.

ahosai  ·  19 days ago  ·  link  ·    ·  parent  ·  post: The Fed jumps into the corporate bond market, buying exchange traded funds.

    Republicans are not decrying this socialism, however. How strange.

The right has never had a problem with socialism for large corporations or the super wealthy.

After talking with you I started a twice daily regimen of baicalin extract and sodium ascorbate. I wound up getting sick with mild flu like symptoms for about 5 days - fever, headaches, sore throat, dizziness, but it never made it into my lungs. No idea if I had covid-19 ( I know everyone thinks they've already had it ) but if I did I am fully convinced that the baicalin helped in a speedy recovery.

ahosai  ·  32 days ago  ·  link  ·    ·  parent  ·  post: ‘A Bargain With the Devil’—Bill Comes Due for Overextended Airbnb Hosts

As someone who travels extensively for work (over 100,000 airline miles last year) I always use hotels. They are consistently cleaner, quicker, easier, cheaper and provide better service than any AirBnB I've used.

ahosai  ·  34 days ago  ·  link  ·    ·  parent  ·  post: God damn look at this sheep

Black Phillip

ahosai  ·  39 days ago  ·  link  ·    ·  parent  ·  post: Chinese Agents Spread Messages That Sowed Virus Panic in U.S., Officials Say

Regardless if it's true or not, it will be weaponized in order to control the narrative. Any news that doesn't fit the mainstream narrative can now be labeled "Chinese propaganda" and the source will be denounced as a Chinese agent or a Xi puppet.

ahosai  ·  39 days ago  ·  link  ·    ·  parent  ·  post: Negative Oil Prices?

Historically crude futures contracts had a lower bound of $0. On April 9th of this year the CME group released the following notice.

https://www.cmegroup.com/content/dam/cmegroup/notices/clearing/2020/04/Chadv20-152.pdf.?mod=article_inline

It states that if any oil futures contract settles below $8 it will immediately be switched to pricing model that supports negative prices. At noon on April 20th the May oil contract dipped below $8 which must have triggered this new pricing structure. It hit zero just two hours later and then quickly sold off to negative 40 in the next 30 min.

According to this notice Gasoline and Diesel also have similar trigger prices that will allow them to have negative pricing.

ahosai  ·  40 days ago  ·  link  ·    ·  parent  ·  post: Negative Oil Prices?

I just did some digging into this and it appears not to be true. USO rolled all of their May contracts to June contracts between April 7th and 13th. All of the speculators and funds have been out of the May contract for at least 8 days. This selloff was likely driven just by spot traders who were unable to take delivery on a contract that expires tomorrow.

ahosai  ·  40 days ago  ·  link  ·    ·  parent  ·  post: Negative Oil Prices?

This price action in the front month WTI futures contract was likely due to the USO ETF rolling their position.

|USO owned 25% of the outstanding volume of May WTI oil futures contracts as of last week. With that contract set to expire Tuesday, the buyers of that “paper oil” have to sell or take physical delivery at the end of May. ETFs like USO are not created to take physical delivery of the oil contracts they hold, so in a long squeeze, the fund’s managers have to dump oil.

https://www.forbes.com/sites/jimcollins/2020/04/20/the-us-oil-etf-uso-is-the-culprit-behind-oils-massive-plunge/#8dd8a5624e8c

ahosai  ·  45 days ago  ·  link  ·    ·  parent  ·  post: Every State's Least Favorite State

I think everyone has a little hatred for California no matter where they live. Kind of like how everyone hates the Patriots.