Your video, The Gamestop Short Squeeze in 4 Minutes, has made it into the Top 15 New Videos listing. Congratulations on your achievement. For your contribution you have been awarded 1 Power Point.

Sorry to be the little grey raincloud on this Hate The Hedges party, but you might want to understand the implications of what just happened

Y'know that fund that's getting all attention, Melvin Capital? Yeah, fuck them, right? Fuckin' shorters all shortin' and shit -- they played, they paid!

There's a reason they were bailed out and with all due haste.

Here's the issue: they were VERY good at the shorting game. So good that they actually had to turn away business. They made money like horses makes shit. When clients couldn't get in at Melvin, they went elsewhere. That opened the door to a lot of other firms basically mirroring exactly what MC was doing, which included shorting the fuck outta GME.

Fuck those guys too, right? It's their money, so why should I care?

Let's go back a few year, shall we, to the glorious chapter in finance and economics that was the 2008 Crash. Remember when Paulson lost his shit because he realized that in about 36 hours, the basic system called Western Capitalism was going to shit the bed; the bedroom; the whole house and pretty much every surface above the ocean within a planetary radius? This is sorta like that. Only worse.

The thing about short squeezes is that the losses can be infinite, and that's exactly why WallStreetBets did what they did. They knew if they bought and held -- diamond hands -- the stock would have to rise as the shorters had to cover their bets. Melvin Capital and a shit-ton of other, smaller firms had to do that and ran out of liquidity long before GME was even at $50. For every share of stock they shorted, they need to cough up another share at a higher value -- and they HAD to actually have the higher-priced share.

And here's where things get VERY ugly.

Shorting GME was such a sure thing that a huge number of shorts were placed. In fact, more shares of GME were shorted than actually existed. Oops. But hey, SURE THING, BABY and what's the worst that can happen?

Yeeeah, y'see where this is going now?

So these firms, not only are they broke, they don't have the shares, either. They need to come up with shares, pronto, at any price, because contractual obligations are a motherfucker in the finance world. But again, more shorts than there are shares and the people who have the shares, WSB and 4chan's /biz/, aren't letting them go. The longer they hold, the higher the price will go as short after short faces having to cough up the shares they borrowed.

A lot of people are about to lose a LOT of money -- the kinda losses that have so many zeros attached that looking at the number bores the eyes.

Back to 2008: the reason the whole world almost started Mad Max LARPing back then is that a narrow number of highly-important financial institutions were a wee bit thin on liquidity because they were having to pay it out by the boatload. That's bad. What would be better is if risk were more distributed, and how could that little plan POSSIBLY go wrong? Maybe a Black Swan event involving a huge amount of money that needs to be paid out by all of them due to this annoying bird.

That's where we are now, but no one even remotely knows what that figure is going to be. Again, (potentially) infinite losses multiplied by 150% times the number of shares actually available, multiplied by the dogshit risk factor on the loans and the leveraged payouts -- your best case scenario might be a loss of about $500 billion. Someone has to come up with that money, be it the Fed or other banks/investors, but that latter group has to come up with the money themselves, which is generally accomplished by selling profitable holdings. We all know what happens when a lot of people have to sell, right?

I always wanted to live in interesting times, thus proving what an utter fuckwit I am.

My youngest son lives a couple of miles from Bemidji along with my 6th grandchild, a girl. Drove up there about a month ago to see her for the first time in person. She is almost 2 years old. It was great to see her but with the pandemic it was a little heartbreaking because I couldn't hold her or squeeze her little feet.

I've been to Bemidji a few times. I used to do Over The Road Vehicle Testing for a company that is owned by Jack Roush back in 2013. One of the offices is at the Bemidji airport. We would drive the vehicle from Florida to that office for more testing in the cold environment then fly back to Florida after drop off. Sometimes we would have to drive another car back.

I loved that job. Got to see a lot of the country with that one, all expenses paid.

Interesting....but A-B-C group boarding isn't what I meant.
I meant lining up by row, preferably by window-middle-aisle too, (so row 25 A and F, then B and E, then C and D, then row 24 A and F...) in the terminal. It's rare, but I've done it before, and it did seem faster, no waiting for people to put away luggage before you can squeeze by helped immensely....or seemed to anyway.

But by far the fastest is by row from the middle out, using both doors. In the 70's, it was the norm to board the back half of the plane through the rear door. I wonder why they never do that anymore.

Love the use of Zoetropes for the video. Well done.


Lyrics..

Check the locks and leave the keys
Mouldy bath masked with Febreeze
Something's dead behind the refrigerator
Some poor fuck will deal with it later

I’ve spent the last ten weeks
Squeezing out the sponge of friendships, plugging leaks
I've talked until there's no more to say
I’m going away
I'm leaving LA
I'm leaving LA

And the tourists say
"Please give me the directions to the Hollywood sign
I always dreamt of coming here to see the Hollywood sign"
But on their way back down we'll ask
"Did you have a good time?"
They'll say "it's just some fuckin' letters on a hill"

I wander through the Bronson Caves
One more OK coffee at the Oaks Gourmet
I'll watch the players at the UCB
Trying to improvise their way out of ennui

Walking trails in the creeping dark
Up to the observatory in Griffith Park
There’s too much light for stars anyway
I’m getting out of this place
I'm leaving LA
I’m leaving LA

And the studio executives who never made a thing
Blaming other for their failures, taking credit for their wins
Wiping the blood of dumb artists from their chins
Singing, "kid you oughtn't take it personally"

On Hollywood and Vine a dime-store Spider-Man
Shouting at a stoned Emma Stone, dressed à la La La Land
And in the distance, in both its glorious dimensions
The sign projects its shadow on the hill

Rushing by machine-gunned cops at LAX
Malfunctioning departure board says we're boarding next
Belt off, shoes off, jacket off, hat
Don't need the attitude, but I quite enjoy the subsequent pat-down
And I’m sat down
As the A380 engine roars
Pushed backwards as this tube of monkeys rumbles forwards

I'm looking forward to another twenty hours on a plane
Nothing but shit films and my brain
I've been going slowly insane
I've seen your sport and I don't wanna play
I'm getting out of this place
I'm getting out of this place
I'm leaving LA

And the actors at Gratitude drinking undrinkable juice
And the agents taking ten percent in their sneakers and suits
And the writers in their Teslas trying to punch up Act One
Driving home on the 101 in the relentless fucking sun
And the needy and the greedy and the hopeless and horny
And the deals done on treadmills at ten to six in the morning
And the Captain's on the PA saying "look for the sign!"
But I find it's just some fuckin' letters on a hill
Just some really ugly letters
On a pretty ugly hill

I'm leaving LA
I'm leaving 'ell

Helicopter dick, helicopter dick, helicopter dick, helicopter dick. You can tell a proper flick from its opposite, as it is both soft and quick and seems like there is a lot of it, which may or may not be an optical illusion. The danger be your cocks is full of bruisin’ if you fuck it up. There are a multitude of factors. I found a club in which a bunch of dudes do practice helicopter dick, helicopter dick, helicopter dick, helicopter dick.

At the totem of the storeroom I showed them how to relax and to tell a proper flick from its opposite as it is both soft and quick, strong as an apocalypse. Don’t knock it Miss. It is a ritual of manhood. A man should preserve it like canned good, not that there’s very much choice in the matter. Young boys innately know the joys of hey batter, batter, picking up stick to swing in a rock. Isn’t any shot because they know the grip flicks swish to their own cock quicker than they learn to love the lick of another boy’s lollipop, not undermine the sucking of dicks.

Live in love my brothers. Teach me some of your tricks. It is not my own area of expertise. I only know my own dick as I check to squeeze. I got on it tighter than you might expect, but if my rhyme is so tight how would I ejac-ulate is what you contemplate, but if you really want to know it ask your mom for the tape, because I came to cockcenteric Centrifusions, stretch out with your feelings and sense the hugeness. Oh, the impulse to prove this newtonian concept of the universe, whether through boners or non erect dudes rehearse their mystery over gravity, magically flinging their anatomy as they battle the old enemy of Adam and Eve, not the devil, not the serpent, but the apple, drop in the knowledge on their heads like my rappel du-tee-de you, mother fucker.

Helicopter dick, helicopter dick, helicopter dick, helicopter dick. Can stop to check if you are rocking it properly, wouldn’t want to let you be flopping it sloppily, ladies in the house, don’t let us with the monopoly; Ying to the Yang, to the wang – to the follow me. Helicopter dick, helicopter dick, helicopter dick, helicopter dick.

You can tell about the flick from its opposite as it is both soft and quick and seems like there is a lot of it. Don’t throttle it, ease up on throttle. You can got a lot of lift with a little bit of twaddle, which is like twiddle but from the bottom in the middle, pop-up to the top, flop back down like a griddle cake, or the smack with a little shake.

The more you practice helps you mitigate the inaccuracy of hitting shapes not exactly within the state of helicopter dick, helicopter dick, helicopter dick, helicopter dick, helicopter dick, helicopter dick, helicopter dick, helicopter dick, helicopter helicopter dick. [https://lybio.net/c-command-helicopter-dick/comedy/]

LMFAHS

"Freshly squeezed."

"They just slip right out."

Good stuff.

@newtboy,
"Actually, I'm selling their audience short. When real scientists present the real data dispassionately, I think the average person gets quickly confused and tunes out."

I'd argue bored maybe more often than confused. Although if we want to say that most of the problems society faces have their root causes in human nature, I think we can agree.

"I had read the published summaries of the recent U.N. report saying we had 12 years to be carbon neutral to stay below 1.5degree rise, they were far from clear that this was only a 50% chance of achieving that minimal temperature rise"

Here is where I see healthy skepticism distinguishing itself from covering eyes, ears and yelling not listening.

Our understanding of the global climate system is NOT sufficient to make that kind of high confidence claim about specific future outcomes. As you read past the head line and into the supporting papers you find that is the truth underneath. The final summary line you are citing sits atop multiple layers of assumptions and unspecified uncertainties that culminate in a very ephemeral 50% likelyhood disclaimer. It is stating that if all of the cumulative errors and unknowns all more or less don't matter. then we have models that suggest this liklyhood of an outcome...

This however sits atop the following challenges that scientists from different fields and specialities are focusing on improving.
1.Direct measurements of the global energy imbalance and corroboration with Ocean heat content. Currently, the uncertainties in our direct measurements are greater than the actual energy imbalance caused by the CO2 we've emitted. The CERES team measuring this has this plain as day in all their results.
2.Climate models can't get global energy to balance because the unknown or poorly modeled processes in them have a greater impact on the energy imbalance than human CO2. We literally hand tune the poorly known factors to just balance out the energy correctly, regardless of whether that models the given process better or not because the greater run of the model is worthless without a decent energy imbalance. This sits atop the unknowns regarding the actual measured imbalance to hope to simulate. 100% of the modelling teams that discuss their tuning processes again all agree on this.
3. Meta-analysis like you cited usually sit atop both the above, and attempt to rely on the models to get a given 2100 temperature profile, and then make their predictions off of that.

The theme here, is cumulative error and an underlying assumption of 'all other things being equal' for all the cumulative unknowns and errors. You can NOT just come in from all of that, present the absolute worst possible case scenario you can squeeze into and then declare that as the gold standard scientific results which must dictate policy...

Edit:that's very nearly the definition of cherry picking the results you want.

The reason I'd use a biometric vs a keyed trigger lock is for speed and ease of use in the dark. If I have to give it a little squeeze to get it to release, zero concern. Does it secure the firearm? Yes. Is it 100%, no. Show me one that is.

p.s. in a random sampling, the twenty-three 15 year old boys in my algebra class, none of them own or plan to buy a flat piece of bent metal that precisely fits in a lock of this type, let along lock picking tools. The determination that this lock is no good is based on tests that have little to do with the intended function.

Your video, Why Do You Want to Squeeze Cute Things?, has made it into the Top 15 New Videos listing. Congratulations on your achievement. For your contribution you have been awarded 1 Power Point.

This achievement has earned you your "Pop Star" Level 34 Badge!

I will love him and pet him and hug him and love him and squeeze him and call him George.

I know it's supposed to be a funny video, but I actually feel bad for the guy. I mean, yeah, I laughed a little bit. For like 20 minutes. 20 minutes of rolling on the floor, kicking my feet and squeezing tears from my eyes as complete hysterics overtook me and I laughed like the Damned.

But after that, I felt kinda bad for him.

Also, be careful; I've heard an octopus can squeeze through an opening the size of a dime.

That's the pilot trying to keep their colon's clenched as they fire. The shaking is so massive sometimes they squeeze out some fear farts. =)

It's not even as much that BLM disrupted the Pride parade, but that one of their demands was to ban the police from participating in the parade in the future. That's actively destroying years and years of hard fought progress to bring people together, and I can't fail to call that a bad thing. Again, I hope the US chapters are different in that much, and in many states there is also much more justified outrage against the police, which is very much unlike up here in Canada.

Canada's BLM held sit in protests demanding to meet with the chief of police and then repeatedly abandoned the meetings before they were supposed to happen. They then went on to condemn the police chief for having zero interest in protecting black civilians in Toronto. FYI, the chief of police of Toronto at the time was a black man.
http://www.cbc.ca/news/canada/toronto/mark-saunders-police-black-lives-matter-1.3587533

A BLM toronto co-founder railed at how our Prime Minister, who makes Barack Obama look like very right -leaning, is a white supremacist terrorist. Rhetoric that just means absolutely nothing and looks like little more than gross false victimhood.

https://www.vice.com/en_ca/article/nzd4px/black-lives-matter-toronto-called-justin-trudeau-a-white-supremacist-terrorist

And then for good measure another co-founder squeezed in a quarter million dollar 'overtime' payment on their last week with the University of Toronto's Student Union. When the Student Union sued to get that money back as their was no documentation justifying paying out that kind of money all of a sudden the Student Union were racists. Eventually the case was settled with an undiclosed amount returned.

https://thevarsity.ca/2017/07/31/the-breakdown-the-utsus-lawsuit-against-former-executive-director-sandy-hudson/


BLM Toronto has done enough harm I am pretty comfortable saying I oppose them. The goal of making race relations better is of course good. Correcting injustices is of course good. I just don't see that coming from a group taking the actions I've seen, IMO they are actively making things worse, not better.

Again, that is specific to up here in Canada, I can't imagine that the US chapters can be as bad without it having been all over the media where I couldn't miss it. That said, up here I would likely have altogether missed everything but the parade as well save for having personally witnessed a just disgusting racist attack on someone at a an event. That led me to discover the attacker was tied in with BLM Toronto and suddenly seeing that as perhaps not an entirely isolated event .