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strategy

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Posts posted by strategy

    The Core Problems With Jpmorgan's Failed Trades

    in Politics, Economics and News

    Posted

    What? There was tons of oversight...but his bosses didn't know what he was doing?
    they knew what he was doing, they just didn't fully grasp the risk in it. it was thought to be hedged. I think the actual dollar loss from the trader will be overshadowed by the profits they'll lose to increased regulatory oversight, etc. etc. people had a field day with this one because of what the CEO had said previously about his risk management skills.

    I Called In Sick Today

    in General

    Posted

    I never had any success with it, but I was still applying to trading stuff (e.g. not a chance in hell either way) at the time. not being local is just another potential reason to get rejected.the hiring process seems completely, totally arbitrary. which is a little comical/sad considering how much effort HR departments put into it. my coworker/quasi-manager does a good portion of the in-person interviews for SS. she described the questions they judge people on, and I mean, it's not as idiotic as the fermi questions et al the big boys put you through, but it's just as irrelevant to the work. and of course, I can see the outcomes with this method first-hand, every day. true, the pay is terrible, but these people are all far worse than you'd expect, even adjusting for that. maybe it's because they want a degree for a job that requires no degree or intelligence whatsoever?

    I Called In Sick Today

    in General

    Posted

    I guess I missed out on some finance listings for government jobs here in town. they start you at like 32k with insane benefits (free school, top notch healthcare--a bunch of stuff congressmen gave themselves that has to trickle down) and quickly move you up. every time I check usajobs.gov, it's never anything relevant, and I've never seen anything my reference raves about when I see her at the greenhouse. so I just gave her my email and was like hey, please tell me when you see these mythical jobs listed.

    E-mails From Strategy

    in Politics, Economics and News

    Posted

    I know, Krugman has been backpedaling and spinning ever since trying to not look like such a total fool. It's funny to see him try to wriggle out of his flagrant errors.
    yeah, I was definitely ridiculing ron paul's side of things, at least for that portion of the discussion. at the very least, his ideas suffer from the "how do we get from here to there" problem, and it's just absurd to hear him say stuff like, "let's try it my way [on radically reducing tax revenue and expenditures], and if I'm wrong, who cares?" I just don't think he's winning people over with the way he handled the appearance.

    I Called In Sick Today

    in General

    Posted

    Well that ruined about 3 pages of good reading.So strat, you're going to have to move, start paying rent, utilities, buying your own food etc, etc... for $2.50 an hour more than your parentsare paying you? What's the odds that at the end of the 6 month period there's a permanent position and more money in it for you? It's one thingto take a step back or two if there's probably future gain but otherwise?
    I don't have to move or do any of that if I don't want to. the options are to be poor in KC or drive 1.5 hours per day. if I were to move and not get re-upped with this bank, I would almost certainly find something else in short order. between the three agencies that are/were looking for stuff for me to do, I was getting 2-3 calls per week about placement opportunities.I regret posting hodor because randy spoiled the fuck out of these books I'm reading.

    I Called In Sick Today

    in General

    Posted

    probably the best player in the world in this game I played, he's 16 with a full fucking beard. I can probably grow a beard now. it might be a little on the patchy side and it would take forever, but I could probably do it. at 16, no, never. would I trade my experience for his? no, I rather enjoyed not having to shave very often for the last decade. I wish I could turn it off. I don't ever see myself having facial hair.

    The Official Obama Scorecard Thread

    in Politics, Economics and News

    Posted

    inflation inflicts mild pain on certain groups of people. deflation in the context of 2008 means the collapse of modern finance, far-reaching government intervention everywhere, and a grinding halt to economic activity. the fear over that kind of deflation is what brought the financial markets to a standstill, brought on all the job losses, etc. etc.if I could rewind time and call the shots, I'd save lehman and find a completely new group to run it. the fact that they were so ridiculously fraudulent in their accounting is one of the major reasons why they weren't saved, but we didn't realize how destructive it would be to let them die, and obviously how thoroughly shitty everyone else was once we started taking a closer look.

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