Seemingly trivial things that cheer you up

pinno

The amount of 'Flat money' in circulation is dictated (loosely) by gold reserves by Governments who have controls over interest rates etc but Crypto currencies are based on what?
A mathematical algorithm? I mean WTAF?

kingstongraham

TheBigBean said:

kingstongraham said:

People losing faith in bitcoin cheers me up too.

I think you are disputing something that you attributed to me, and there's nothing I can do about that.

Since you've brought it on topic. I attributed the following to you.

Hypothesis - Bitcoin does not provide any inflation hedging
Proof - It has gone down in value in a period of high inflation.

I countered this proof by evidencing that an index-linked gilt has also lost value over a similar period. Index-linked gilts provide inflation hedging if held to maturity.

Bitcoin discussions don't cheer me up.

That's weak sauce.

Bitcoin provides no hedge against anything.

pinno

Anyway (in the sentiments of thebigbean and back OT):

Watering the plants @ 10.35 in the evening. Sky is perfectly clear and the wind has dropped. I can see colours as it's still light enough.

rick_chasey

https://twitter.com/financialmeh/status/1538618988418285569?s=21&t=Ev-aKl29Y00kev4U3Oqssg

kingstongraham

https://twitter.com/geraintthomas/status/1538612921449828353?t=hpJJpHzLJ97ZbkvyKP9GYg&s=19

pblakeney

Work server going down while wfh.
Feet and music up on full pay! 😃

TheBigBean

kingstongraham said:

TheBigBean said:

kingstongraham said:

People losing faith in bitcoin cheers me up too.

I think you are disputing something that you attributed to me, and there's nothing I can do about that.

Since you've brought it on topic. I attributed the following to you.

Hypothesis - Bitcoin does not provide any inflation hedging
Proof - It has gone down in value in a period of high inflation.

I countered this proof by evidencing that an index-linked gilt has also lost value over a similar period. Index-linked gilts provide inflation hedging if held to maturity.

Bitcoin discussions don't cheer me up.

That's weak sauce.

Bitcoin provides no hedge against anything.

What do you consider to be a good inflation hedge?

rick_chasey

Colleague over from NYC.

Born and Bred NYCer.

Go to the local coffee shop to catch up. She orders a Macha coffee with an extra espresso shot and a vanilla syrup shot.

Lad behind the till looked so confused haha.

kingstongraham

TheBigBean said:

kingstongraham said:

TheBigBean said:

kingstongraham said:

People losing faith in bitcoin cheers me up too.

I think you are disputing something that you attributed to me, and there's nothing I can do about that.

Since you've brought it on topic. I attributed the following to you.

Hypothesis - Bitcoin does not provide any inflation hedging
Proof - It has gone down in value in a period of high inflation.

I countered this proof by evidencing that an index-linked gilt has also lost value over a similar period. Index-linked gilts provide inflation hedging if held to maturity.

Bitcoin discussions don't cheer me up.

That's weak sauce.

Bitcoin provides no hedge against anything.

What do you consider to be a good inflation hedge?

I'm sure you know what accepted inflation hedges are better than me.

I'm saying what isn't a good inflation hedge - and that would be something that has a history of losing massive percentages of its value, and whose value seemingly has no relationship to inflation.

rick_chasey

kingstongraham said:

TheBigBean said:

kingstongraham said:

TheBigBean said:

kingstongraham said:

People losing faith in bitcoin cheers me up too.

I think you are disputing something that you attributed to me, and there's nothing I can do about that.

Since you've brought it on topic. I attributed the following to you.

Hypothesis - Bitcoin does not provide any inflation hedging
Proof - It has gone down in value in a period of high inflation.

I countered this proof by evidencing that an index-linked gilt has also lost value over a similar period. Index-linked gilts provide inflation hedging if held to maturity.

Bitcoin discussions don't cheer me up.

That's weak sauce.

Bitcoin provides no hedge against anything.

What do you consider to be a good inflation hedge?

I'm sure you know what accepted inflation hedges are better than me.

I'm saying what isn't a good inflation hedge - and that would be something that has a history of losing massive percentages of its value, and whose value seemingly has no relationship to inflation.

Boring textbook answer is usually real estate/infrastructure as an inflation hedge.

surrey_commuter

rick_chasey said:

Colleague over from NYC.

Born and Bred NYCer.

Go to the local coffee shop to catch up. She orders a Macha coffee with an extra espresso shot and a vanilla syrup shot.

Lad behind the till looked so confused haha.

Me and Google are as confused as the till jockey

rick_chasey

Haha excuse my typo sorry. Matcha coffee.

New to me too.

surrey_commuter

rick_chasey said:

kingstongraham said:

TheBigBean said:

kingstongraham said:

TheBigBean said:

kingstongraham said:

People losing faith in bitcoin cheers me up too.

I think you are disputing something that you attributed to me, and there's nothing I can do about that.

Since you've brought it on topic. I attributed the following to you.

Hypothesis - Bitcoin does not provide any inflation hedging
Proof - It has gone down in value in a period of high inflation.

I countered this proof by evidencing that an index-linked gilt has also lost value over a similar period. Index-linked gilts provide inflation hedging if held to maturity.

Bitcoin discussions don't cheer me up.

That's weak sauce.

Bitcoin provides no hedge against anything.

What do you consider to be a good inflation hedge?

I'm sure you know what accepted inflation hedges are better than me.

I'm saying what isn't a good inflation hedge - and that would be something that has a history of losing massive percentages of its value, and whose value seemingly has no relationship to inflation.

Boring textbook answer is usually real estate/infrastructure as an inflation hedge.

The text book will assume that interest rates will go up with inflation so the even more boring answer is a balanced portfolio based upon your time horizons.

If you have a modern textbook it will probably have swapped bonds for LDI

rick_chasey

surrey_commuter said:

rick_chasey said:

kingstongraham said:

TheBigBean said:

kingstongraham said:

TheBigBean said:

kingstongraham said:

People losing faith in bitcoin cheers me up too.

I think you are disputing something that you attributed to me, and there's nothing I can do about that.

Since you've brought it on topic. I attributed the following to you.

Hypothesis - Bitcoin does not provide any inflation hedging
Proof - It has gone down in value in a period of high inflation.

I countered this proof by evidencing that an index-linked gilt has also lost value over a similar period. Index-linked gilts provide inflation hedging if held to maturity.

Bitcoin discussions don't cheer me up.

That's weak sauce.

Bitcoin provides no hedge against anything.

What do you consider to be a good inflation hedge?

I'm sure you know what accepted inflation hedges are better than me.

I'm saying what isn't a good inflation hedge - and that would be something that has a history of losing massive percentages of its value, and whose value seemingly has no relationship to inflation.

Boring textbook answer is usually real estate/infrastructure as an inflation hedge.

The text book will assume that interest rates will go up with inflation so the even more boring answer is a balanced portfolio based upon your time horizons.

If you have a modern textbook it will probably have swapped bonds for LDI

Tell you what, the margins on LDI business are smaaaaaaaaaall.

TheBigBean

kingstongraham said:

TheBigBean said:

kingstongraham said:

TheBigBean said:

kingstongraham said:

People losing faith in bitcoin cheers me up too.

I think you are disputing something that you attributed to me, and there's nothing I can do about that.

Since you've brought it on topic. I attributed the following to you.

Hypothesis - Bitcoin does not provide any inflation hedging
Proof - It has gone down in value in a period of high inflation.

I countered this proof by evidencing that an index-linked gilt has also lost value over a similar period. Index-linked gilts provide inflation hedging if held to maturity.

Bitcoin discussions don't cheer me up.

That's weak sauce.

Bitcoin provides no hedge against anything.

What do you consider to be a good inflation hedge?

I'm sure you know what accepted inflation hedges are better than me.

I'm saying what isn't a good inflation hedge - and that would be something that has a history of losing massive percentages of its value, and whose value seemingly has no relationship to inflation.

A good inflation hedge is quite hard to find. I think that's the point you are missing. In general, people satisfy themselves with something that increases in value over the long term rather than tracking yearly swings e.g. a property.

There will be a finite number of Bitcoin, so all else equal they should increase in value with inflation thus offering some form of inflation hedging, but, at the moment, the pricing is very volatile and other factors are having a larger impact in the short term.

However, consider what the value of them will be in 20 years - presumably either zero because they have failed or something a lot higher than today's prices due to inflation and increased acceptability. Of course, you can argue that it is the risk of failure that renders it useless for any purpose including inflation hedging, but that risk of failure, specific risk, is present in everything and can be mitigated in theory by diversification, or as surrey_ccommuter puts it a balanced portfolio.

Pross

surrey_commuter said:

rick_chasey said:

Colleague over from NYC.

Born and Bred NYCer.

Go to the local coffee shop to catch up. She orders a Macha coffee with an extra espresso shot and a vanilla syrup shot.

Lad behind the till looked so confused haha.

Me and Google are as confused as the till jockey

I'm confused by the vanilla syrup, I don't think I'll ever understand people putting shit like that in coffee.

briantrumpet

Pross said:

surrey_commuter said:

rick_chasey said:

Colleague over from NYC.

Born and Bred NYCer.

Go to the local coffee shop to catch up. She orders a Macha coffee with an extra espresso shot and a vanilla syrup shot.

Lad behind the till looked so confused haha.

Me and Google are as confused as the till jockey

I'm confused by the vanilla syrup, I don't think I'll ever understand people putting censored like that in coffee.

I don't even understand putting milk and sugar in coffee.

surrey_commuter

Pross said:

surrey_commuter said:

rick_chasey said:

Colleague over from NYC.

Born and Bred NYCer.

Go to the local coffee shop to catch up. She orders a Macha coffee with an extra espresso shot and a vanilla syrup shot.

Lad behind the till looked so confused haha.

Me and Google are as confused as the till jockey

I'm confused by the vanilla syrup, I don't think I'll ever understand people putting censored like that in coffee.

At least I have heard of vanilla syrup

which is more than can be said for "macha"

Pross

surrey_commuter said:

Pross said:

surrey_commuter said:

rick_chasey said:

Colleague over from NYC.

Born and Bred NYCer.

Go to the local coffee shop to catch up. She orders a Macha coffee with an extra espresso shot and a vanilla syrup shot.

Lad behind the till looked so confused haha.

Me and Google are as confused as the till jockey

I'm confused by the vanilla syrup, I don't think I'll ever understand people putting censored like that in coffee.

At least I have heard of vanilla syrup

which is more than can be said for "macha"

Oddly Google tells me it is a Japanese green tea so green tea with espresso and a vanilla syrup? Sounds disgusting!

Tashman

Pross said:

surrey_commuter said:

Pross said:

surrey_commuter said:

rick_chasey said:

Colleague over from NYC.

Born and Bred NYCer.

Go to the local coffee shop to catch up. She orders a Macha coffee with an extra espresso shot and a vanilla syrup shot.

Lad behind the till looked so confused haha.

Me and Google are as confused as the till jockey

I'm confused by the vanilla syrup, I don't think I'll ever understand people putting censored like that in coffee.

At least I have heard of vanilla syrup

which is more than can be said for "macha"

Oddly Google tells me it is a Japanese green tea so green tea with espresso and a vanilla syrup? Sounds disgusting!

Couldn't decide if they wanted tea, coffee or ice-cream

surrey_commuter

Pross said:

surrey_commuter said:

Pross said:

surrey_commuter said:

rick_chasey said:

Colleague over from NYC.

Born and Bred NYCer.

Go to the local coffee shop to catch up. She orders a Macha coffee with an extra espresso shot and a vanilla syrup shot.

Lad behind the till looked so confused haha.

Me and Google are as confused as the till jockey

I'm confused by the vanilla syrup, I don't think I'll ever understand people putting censored like that in coffee.

At least I have heard of vanilla syrup

which is more than can be said for "macha"

Oddly Google tells me it is a Japanese green tea so green tea with espresso and a vanilla syrup? Sounds disgusting!

I could not believe somebody would order that so assumed it was SKYLON slang

rjsterry

rick_chasey said:

Haha excuse my typo sorry. Matcha coffee.

New to me too.

But... Matcha is green tea. Why would you put that in coffee? Not that you'd be able to taste it with an extra espresso shot and vanilla syrup. What an absolute abomination.

Pross

You can get matcha lattes but I assume the matcha is supposed to replace the coffee in that.

rick_chasey

rjsterry said:

rick_chasey said:

Haha excuse my typo sorry. Matcha coffee.

New to me too.

But... Matcha is green tea. Why would you put that in coffee? Not that you'd be able to taste it with an extra espresso shot and vanilla syrup. What an absolute abomination.

Amazing isn’t it?

Apparently the coffee shop outside her office in NYC does it so she wanted to recreate.

Honestly, Americans.

Also absolutely no shame at all. Pure confidence in that order. 10/10.

pangolin

Pross said:

You can get matcha lattes but I assume the matcha is supposed to replace the coffee in that.

Yeah, you make a paste with matcha and water, then pour milk over that. Not at all common over here though.

rjsterry

pangolin said:

Pross said:

You can get matcha lattes but I assume the matcha is supposed to replace the coffee in that.

Yeah, you make a paste with matcha and water, then pour milk over that. Not at all common over here though.

No.

No. No. No. No.

No.

pangolin

rjsterry said:

pangolin said:

Pross said:

You can get matcha lattes but I assume the matcha is supposed to replace the coffee in that.

Yeah, you make a paste with matcha and water, then pour milk over that. Not at all common over here though.

No.

No. No. No. No.

No.

pinno

^ eeeek.

rick_chasey

That’s what it looked like yeah.

webboo

Looks like Broccoli and cream cheese soup.