mephiska

joined 1 year ago
[–] mephiska@fedia.io 2 points 3 days ago (1 children)

Here's an informative thread about who's funding and controlling Bluesky now.

https://toad.social/@davetroy/113476788536250587

[–] mephiska@fedia.io 12 points 1 month ago

So glad to see mbin still being worked on. Was really sad about kbin but really happy the mbin fork is still active.

[–] mephiska@fedia.io 8 points 1 month ago

Also this patch is for the US version of the game, Final Fantasy III. Applying it to the Japan version VI won't work.

[–] mephiska@fedia.io 2 points 1 month ago

Mortgages can change repayments amounts as the central lending rate changes.

Not in the US if you have a fixed rate mortgage, and most do. There's tons of people who locked in rates at below 3% back in 2020-2021.

[–] mephiska@fedia.io 6 points 1 month ago (1 children)

tell me you're mid 40's without telling me.

[–] mephiska@fedia.io 5 points 1 month ago (1 children)

How dense can you possibly be? It's right there in the link. The New York Times has been habitually normalizing the incoherent nonsense that trump says by completely rewriting his statements to be more coherent.

[–] mephiska@fedia.io 6 points 2 months ago

Analogue continuously limits production and comes out with all these higher priced "limited edition" versions to try to drive up sales and create a false sense of scarcity for their products. It's a pretty scummy business tactic.

[–] mephiska@fedia.io 7 points 2 months ago (1 children)

Are you sure you have the reset rate set correctly on your video card? The difference between 75hz and 160hz is very clear just by moving your mouse cursor around. Age shouldn't have anything to do with it.

[–] mephiska@fedia.io 1 points 2 months ago (1 children)

The fed and it's balance sheet is independent from the treasury and it creates and destroys money at will. Where do you think all that Quantitative Easing money came from? It wasn't an act of congress to allocate the cash, it wasn't the treasury issuing bonds. What happens to the money the fed receives when the QE bonds it's holding mature? If the fed doesn't reinvest it, that money is effectively removed from the money supply. The fed doesn't issue anything when it creates currency. It's all accounting.

[–] mephiska@fedia.io 1 points 2 months ago (3 children)

None of that really matters because the fed doesn't mark to market, and losses the fed takes doesn't matter. If anything the current situation means the fed isn't giving it's "profit" to the treasury anymore. It can eat losses because the cash account on the fed balance sheet might as well be an infinity symbol.

[–] mephiska@fedia.io 4 points 2 months ago (5 children)

It's not a "stealth bailout." This is the result of the fed owning long maturity assets bought when rates were low, while the fed is now paying higher interest on the overnight bank deposits to keep rates high to control inflation. In 2018 this was predicted to happen if rates needed to be raised (ie to control inflation).

Here is the actual context for that chart

https://www.stlouisfed.org/on-the-economy/2023/nov/fed-remittances-treasury-explaining-deferred-asset

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