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Jamie Lee Kurtosis

@josh.sg

I’ve seen things you people wouldn’t believe. AUD vol on a 40 handle. Crypto basis swaps. BNPL burrito taxis. Cloudwatch bills the size of a phone number. Memories, tears in rain, etc. etc.

112 Posts3525 Follower213 Folgt
Jamie Lee Kurtosis@josh.sg · 7h ago

Cropping the original so as not to continue the pileon on OP, but… non-alcoholic drink options have exploded in the last couple years; HIV was a death sentence, now it's ~100% preventable with a twice-yearly injection; & sunscreens in the '80s maxed out at SPF 15. Yes! Some stuff is *much* better!

A screenshot of a post: "air travel is one of those experiences that has gotten monotonically worse over my entire lifetime. question though: has anything in the last 40+ years genuinely gotten better? like, there's more stuff, sure, but is any of it better?"
Jamie Lee Kurtosis@josh.sg · 3w ago

for those of you mourning the loss of The Nation's Smallest Bank: there are still two Actual Banks out there with less than $10m in assets! * Equitable S&L (Cadiz, OH) is the new Smallest Bank in America, $8.7m of assets * State Bank of Burrton (KS) is the second-smallest ($9.4m)

A list of the seven smallest banks in America by assets. Four are subsidiaries of larger organizations; one (Kentland) collapsed into receivership on Friday; and two are still extant.
Jamie Lee Kurtosis@josh.sg · last mo.

Finished @bhgreeley.bsky.social’s The Almighty Dollar. Highly recommend: he’s got a knack for humanizing economic history by finding interesting characters (Andrew Brimmer, Fed governor & economist who grew up as a sharecropper, deserves his own biography)

Jamie Lee Kurtosis@josh.sg · last mo.

Fun fact: gold-miners are structurally terrible gold traders. They get long (removing hedges) at the highs bcse that's when shareholders want gold price exposure, & sell (hedge) at the lows bcse shareholders punish them for not being conservative Anyway, here's Strategy www.wsj.com/finance/curr...

Strategy Abandons ‘Never Sell Bitcoin’ Mantra in Bid to Outlast Crypto Winter

Left with few good options, Michael Saylor’s company “kicked the can down the road” with plans for stock buybacks and bitcoin sales.

wsj.com

Jamie Lee Kurtosis@josh.sg · last mo.

equity financing is trading like they just announced buying stocks on swap cures cancer I'm offering 9mth USD at T+40 and borrowers are falling over themselves to take 'em calm down y'all

Jamie Lee Kurtosis@josh.sg · 4mo ago

Since we're doing Reuters/Bloomberg discourse, here's my favorite souvenir from my entire time in markets: a Reuters convo from the AUD parity-party day in 2010.

#* Conversation *# REF. NO: 375 DATE: 021110 TIME: 0809 TO DRBS COMMERZ FFT - DB SIN OUR TERMINAL: DRMS OUR USER: Joshua Giersch # AUD 3 SELL AT # #INTERRUPT# # 1.0000 TO CONFIRM 3 MIO AGREED AT 1.0000 I BUY AUD VAL 04NOV2010 MY AUD TO AUSTRALIA AND NEW ZEALAND BANKING GROUP, MELBOURNE THANKS AND BYE # #INTERRUPT# #END REMOTE# ^ ##ENDED AT 08:11 GMT## (209 CHARS) #* End of Conversation *#
Jamie Lee Kurtosis@josh.sg · 5mo ago

I would like to remind youse all that Jack Dorsey is a top-ticking artist on par with Masa Son. Remember him paying $29bn for Afterpay at the ding-dong high of the BNPL boom in '21?