Go Back  Bike Forums > Bike Forums > Road Cycling
Reload this Page >

Addiction 2023.1

Notices
Road Cycling ďIt is by riding a bicycle that you learn the contours of a country best, since you have to sweat up the hills and coast down them. Thus you remember them as they actually are, while in a motor car only a high hill impresses you, and you have no such accurate remembrance of country you have driven through as you gain by riding a bicycle.Ē -- Ernest Hemingway

Addiction 2023.1

Old 03-10-23, 07:14 PM
  #8676  
Bah Humbug
serious cyclist
 
Bah Humbug's Avatar
 
Join Date: Apr 2009
Location: Austin
Posts: 20,358

Bikes: S1, R2, P2

Mentioned: 115 Post(s)
Tagged: 1 Thread(s)
Quoted: 8837 Post(s)
Liked 3,357 Times in 1,813 Posts
Originally Posted by Velo Vol
Fidelity and my credit union are doing just fine, probably.
You are also FDIC insured, so your deposits are fine unless the government collapses.

That doesn't mean there's no pain; jobs can be lost (yours, mine, or people's we care about). Families are uprooted. Plans are destroyed.
Bah Humbug is offline  
Old 03-10-23, 07:21 PM
  #8677  
Bah Humbug
serious cyclist
 
Bah Humbug's Avatar
 
Join Date: Apr 2009
Location: Austin
Posts: 20,358

Bikes: S1, R2, P2

Mentioned: 115 Post(s)
Tagged: 1 Thread(s)
Quoted: 8837 Post(s)
Liked 3,357 Times in 1,813 Posts
Originally Posted by seedsbelize2
I like to use it on a long road trip, and the longest I ever go is five hours. And I do that once every few years (going to/from Cancun airport). But it's still nice to have it for those few times.
Most people will pull up Spotify and send it to the car. That'll probably be much less of a thing in Mexico though.

I used to use CDs on my cross-country drives, but getting to the point where I don't care about what SiriusXM costs means I don't do that anymore.
Bah Humbug is offline  
Old 03-10-23, 07:25 PM
  #8678  
datlas 
Should Be More Popular
 
datlas's Avatar
 
Join Date: Dec 2007
Location: Malvern, PA (20 miles West of Philly)
Posts: 41,674

Bikes: 1986 Alpine (steel road bike), 2009 Ti Habenero, 2013 Specialized Roubaix

Mentioned: 556 Post(s)
Tagged: 2 Thread(s)
Quoted: 21205 Post(s)
Liked 7,692 Times in 3,616 Posts
Heidi and Jackie, reunited.


__________________
Originally Posted by rjones28
Addiction is all about class.
datlas is offline  
Old 03-10-23, 07:28 PM
  #8679  
Mojo31
-------
 
Join Date: Jul 2020
Location: Tejas
Posts: 10,826
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 8156 Post(s)
Liked 5,305 Times in 2,907 Posts
Originally Posted by bampilot06
isnít it just one bank? and only 10 million dollars or am I mistaken?
It always starts with one.
Mojo31 is offline  
Old 03-10-23, 07:33 PM
  #8680  
Velo Vol 
VFL For Life
 
Velo Vol's Avatar
 
Join Date: Feb 2005
Location: Knoxville, TN
Posts: 49,110

Bikes: Velo Volmobile

Mentioned: 775 Post(s)
Tagged: 2 Thread(s)
Quoted: 26397 Post(s)
Liked 1,533 Times in 1,081 Posts
Originally Posted by big john
Note, no gas gauge.
wut

Originally Posted by Bah Humbug
. However, it's not about SVB specifically. In 2008 banks went down one by one, in what were called FDIC Fridays (hey, look at that!). We're in the Alps and just heard a low rumble. Will the avalanche come? Firm maybe.
So far, the institutions that have gotten in trouble were married to (1) crypto, or (2) tech venture capital. This isn't a system-wide thing like mortgages.

Could things start to snowball if the economy tanks sometime in the future? It's always possible. But that's months in the future.
__________________
Originally Posted by Velo Vol
People here don't get it.
Velo Vol is offline  
Old 03-10-23, 07:34 PM
  #8681  
Mojo31
-------
 
Join Date: Jul 2020
Location: Tejas
Posts: 10,826
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 8156 Post(s)
Liked 5,305 Times in 2,907 Posts
Originally Posted by Bah Humbug
You are also FDIC insured, so your deposits are fine unless the government collapses.

That doesn't mean there's no pain; jobs can be lost (yours, mine, or people's we care about). Families are uprooted. Plans are destroyed.
Don't forget - market's decline rather abruptly when the financial sector doesnt do well. Thought 2022 was painful?
Mojo31 is offline  
Old 03-10-23, 07:44 PM
  #8682  
abshipp 
Senior Member
 
abshipp's Avatar
 
Join Date: Sep 2017
Location: Greenville SC
Posts: 4,021

Bikes: 1976 Motobecane Grand Jubile, 2020 Holdsworth Competition, 2022 Giant Trance 29 3

Mentioned: 42 Post(s)
Tagged: 0 Thread(s)
Quoted: 3159 Post(s)
Liked 3,285 Times in 1,146 Posts
Originally Posted by big john
I had old cars with a single speaker, A.M. only, and even tube type radios. And the ones with a vibrator that would hum whenever the radio was on.
TIL.

So basically a rectifier in reverse, converting DC -> AC.
abshipp is offline  
Old 03-10-23, 07:45 PM
  #8683  
thin_concrete
Achtung!
 
thin_concrete's Avatar
 
Join Date: Oct 2015
Location: New England
Posts: 1,652

Bikes: 60.1, Marvel

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 501 Post(s)
Liked 242 Times in 154 Posts
Originally Posted by Mojo31
Don't forget - market's decline rather abruptly when the financial sector doesnt do well. Thought 2022 was painful?
But SVB was so heavily focused on tech. The Feds stepping in and not announcing a sale or market transition means theyíre aware of the sensitivity and are trying to prevent contagion.

Will it work? No idea. But itís a better step than immediate sale or forcing liquidation.
thin_concrete is offline  
Old 03-10-23, 07:47 PM
  #8684  
Bah Humbug
serious cyclist
 
Bah Humbug's Avatar
 
Join Date: Apr 2009
Location: Austin
Posts: 20,358

Bikes: S1, R2, P2

Mentioned: 115 Post(s)
Tagged: 1 Thread(s)
Quoted: 8837 Post(s)
Liked 3,357 Times in 1,813 Posts
Originally Posted by Mojo31
Don't forget - market's decline rather abruptly when the financial sector doesnt do well. Thought 2022 was painful?
Remember where I work, and worked through the GFC. Which people were also dismissive of early on. I know only too well.

Glad I waited on kept man status.
Bah Humbug is offline  
Likes For Bah Humbug:
Old 03-10-23, 08:27 PM
  #8685  
big john
Senior Member
 
big john's Avatar
 
Join Date: Sep 2005
Location: In the foothills of Los Angeles County
Posts: 23,623
Mentioned: 8 Post(s)
Tagged: 0 Thread(s)
Quoted: 7196 Post(s)
Liked 7,460 Times in 3,766 Posts
Originally Posted by abshipp
TIL.

So basically a rectifier in reverse, converting DC -> AC.
Yeah, part of the power supply. You turn the radio on and you could hear the humming right away but the tubes had to warm up before you got sound from the speaker.
big john is offline  
Likes For big john:
Old 03-10-23, 08:33 PM
  #8686  
big john
Senior Member
 
big john's Avatar
 
Join Date: Sep 2005
Location: In the foothills of Los Angeles County
Posts: 23,623
Mentioned: 8 Post(s)
Tagged: 0 Thread(s)
Quoted: 7196 Post(s)
Liked 7,460 Times in 3,766 Posts
Originally Posted by Velo Vol
wut
I think the first gas gauges were in 1963 or 64. They were just a float attached to a stiff wire which went to the gauge. No electricity involved.

The gaugeless cars had a reserve tap under the dash. They had a huge gas cap and you could look in and check the level.
big john is offline  
Likes For big john:
Old 03-10-23, 08:37 PM
  #8687  
gnome
shaken, not stirred.
 
gnome's Avatar
 
Join Date: Aug 2006
Location: The Shaky Isles.
Posts: 5,156

Bikes: I've lost count.

Mentioned: 40 Post(s)
Tagged: 1 Thread(s)
Quoted: 1352 Post(s)
Liked 880 Times in 349 Posts
Originally Posted by big john
I had a 56 VW with the speaker in the center. Note, no gas gauge.
ooh fancy. A radio. my 1956 VW didn't have that. I should have kept that car.
__________________
Get a bicycle. You will not regret it if you live. ~Mark Twain, "Taming the Bicycle"
vBulletin: snafu
gnome is offline  
Old 03-10-23, 09:00 PM
  #8688  
big john
Senior Member
 
big john's Avatar
 
Join Date: Sep 2005
Location: In the foothills of Los Angeles County
Posts: 23,623
Mentioned: 8 Post(s)
Tagged: 0 Thread(s)
Quoted: 7196 Post(s)
Liked 7,460 Times in 3,766 Posts
Originally Posted by gnome
ooh fancy. A radio. my 1956 VW didn't have that. I should have kept that car.
A friend of mine crashed it while he was very drunk. I sold it for peanuts.
big john is offline  
Old 03-10-23, 09:29 PM
  #8689  
LesterOfPuppets
cowboy, steel horse, etc
 
LesterOfPuppets's Avatar
 
Join Date: Sep 2008
Location: The hot spot.
Posts: 42,710

Bikes: everywhere

Mentioned: 71 Post(s)
Tagged: 1 Thread(s)
Quoted: 11236 Post(s)
Liked 6,204 Times in 3,250 Posts
Originally Posted by Bah Humbug
You are also FDIC insured, so your deposits are fine unless the government collapses.
Someone tweeted that only 3% of the accounts at SVB were under $250k, if so there was probably a lot of uninsured moolah up in there.
LesterOfPuppets is online now  
Old 03-10-23, 09:35 PM
  #8690  
LesterOfPuppets
cowboy, steel horse, etc
 
LesterOfPuppets's Avatar
 
Join Date: Sep 2008
Location: The hot spot.
Posts: 42,710

Bikes: everywhere

Mentioned: 71 Post(s)
Tagged: 1 Thread(s)
Quoted: 11236 Post(s)
Liked 6,204 Times in 3,250 Posts
Originally Posted by Velo Vol
Fidelity and my credit union are doing just fine, probably.
I have funds in 3 brokerages, one bank and one CU. About to put some in another CU for convenience sake.

Oh, I almost forgot about two other institutions I have mutual funds at, and the .gov bonds.

Hopefully they don't all fail at once!

Last edited by LesterOfPuppets; 03-10-23 at 09:38 PM.
LesterOfPuppets is online now  
Old 03-10-23, 09:41 PM
  #8691  
LesterOfPuppets
cowboy, steel horse, etc
 
LesterOfPuppets's Avatar
 
Join Date: Sep 2008
Location: The hot spot.
Posts: 42,710

Bikes: everywhere

Mentioned: 71 Post(s)
Tagged: 1 Thread(s)
Quoted: 11236 Post(s)
Liked 6,204 Times in 3,250 Posts
Spring has sprung!

LesterOfPuppets is online now  
Likes For LesterOfPuppets:
Old 03-10-23, 09:59 PM
  #8692  
LesterOfPuppets
cowboy, steel horse, etc
 
LesterOfPuppets's Avatar
 
Join Date: Sep 2008
Location: The hot spot.
Posts: 42,710

Bikes: everywhere

Mentioned: 71 Post(s)
Tagged: 1 Thread(s)
Quoted: 11236 Post(s)
Liked 6,204 Times in 3,250 Posts
Originally Posted by big john
I had old cars with a single speaker,
I'm watching a Vice Grip Garage episode where he says "It has a custom provision for one 6x9. You don't need two, it's too loud, fellers. Just get the one over here, OK." I noted the speaker hole is right behind the passenger seat, presumably so you can drown out your passenger's chit-chat

The guy kinda rips off Red Green's schtick but has his own funny phrases and does a pretty good job at it.

LesterOfPuppets is online now  
Old 03-10-23, 10:06 PM
  #8693  
genejockey 
Klaatu..Verata..Necktie?
 
genejockey's Avatar
 
Join Date: May 2007
Location: SF Bay Area
Posts: 15,667

Bikes: Litespeed Ultimate, Ultegra; Canyon Endurace, 105; Battaglin MAX, Chorus; Bianchi 928 Veloce; Ritchey Road Logic, Dura Ace; Cannondale R500 RX100; Schwinn Circuit, Sante; Lotus Supreme, Dura Ace

Mentioned: 40 Post(s)
Tagged: 0 Thread(s)
Quoted: 8947 Post(s)
Liked 10,015 Times in 5,095 Posts

“How did you go bankrupt?"
"Two ways. Gradually, then suddenly.” - Hemingway, "The Sun Also Rises"

__________________
"Don't take life so serious-it ain't nohow permanent."

"Everybody's gotta be somewhere." - Eccles
genejockey is offline  
Old 03-10-23, 10:07 PM
  #8694  
genejockey 
Klaatu..Verata..Necktie?
 
genejockey's Avatar
 
Join Date: May 2007
Location: SF Bay Area
Posts: 15,667

Bikes: Litespeed Ultimate, Ultegra; Canyon Endurace, 105; Battaglin MAX, Chorus; Bianchi 928 Veloce; Ritchey Road Logic, Dura Ace; Cannondale R500 RX100; Schwinn Circuit, Sante; Lotus Supreme, Dura Ace

Mentioned: 40 Post(s)
Tagged: 0 Thread(s)
Quoted: 8947 Post(s)
Liked 10,015 Times in 5,095 Posts
Don't know why I ended up with the ginormous font.
__________________
"Don't take life so serious-it ain't nohow permanent."

"Everybody's gotta be somewhere." - Eccles
genejockey is offline  
Old 03-10-23, 10:24 PM
  #8695  
big john
Senior Member
 
big john's Avatar
 
Join Date: Sep 2005
Location: In the foothills of Los Angeles County
Posts: 23,623
Mentioned: 8 Post(s)
Tagged: 0 Thread(s)
Quoted: 7196 Post(s)
Liked 7,460 Times in 3,766 Posts
Originally Posted by LesterOfPuppets
I'm watching a Vice Grip Garage episode where he says "It has a custom provision for one 6x9. You don't need two, it's too loud, fellers. Just get the one over here, OK." I noted the speaker hole is right behind the passenger seat, presumably so you can drown out your passenger's chit-chat

The guy kinda rips off Red Green's schtick but has his own funny phrases and does a pretty good job at it.
"I'll be dipped". "This car smells like boiled dog vomit".
big john is offline  
Likes For big john:
Old 03-10-23, 11:19 PM
  #8696  
genejockey 
Klaatu..Verata..Necktie?
 
genejockey's Avatar
 
Join Date: May 2007
Location: SF Bay Area
Posts: 15,667

Bikes: Litespeed Ultimate, Ultegra; Canyon Endurace, 105; Battaglin MAX, Chorus; Bianchi 928 Veloce; Ritchey Road Logic, Dura Ace; Cannondale R500 RX100; Schwinn Circuit, Sante; Lotus Supreme, Dura Ace

Mentioned: 40 Post(s)
Tagged: 0 Thread(s)
Quoted: 8947 Post(s)
Liked 10,015 Times in 5,095 Posts
From what I read, SVB's problem was an attack of the Self-Fulfilling Prophecy: People start hearing a bank's in trouble, so they go there to take their money out. In this case, SVB apparently had their capital in low-interest Treasury bonds, which are about the safest thing to have your money in - unless you want to liquidate a lot of it right now, when interest rates are high. So they have to sell them at a loss. People here they lost money, and more people panic and run to get their money out, making SVB's liquidity problem worse.

Lather, rinse, repeat.

So, unlike 2008, SVB hadn't saddled itself with a bunch of securities that became worthless. It saddled itself with solid assets that turned out to be a lot less liquid.

I may be wrong, but I don't think we're anywhere close to the hyper-overleveraged situation that caused 2008.

EDIT: See also "It's A Wonderful Life"
__________________
"Don't take life so serious-it ain't nohow permanent."

"Everybody's gotta be somewhere." - Eccles
genejockey is offline  
Likes For genejockey:
Old 03-11-23, 06:37 AM
  #8697  
Bah Humbug
serious cyclist
 
Bah Humbug's Avatar
 
Join Date: Apr 2009
Location: Austin
Posts: 20,358

Bikes: S1, R2, P2

Mentioned: 115 Post(s)
Tagged: 1 Thread(s)
Quoted: 8837 Post(s)
Liked 3,357 Times in 1,813 Posts
Originally Posted by LesterOfPuppets
Someone tweeted that only 3% of the accounts at SVB were under $250k, if so there was probably a lot of uninsured moolah up in there.
Yes. And that's part of what will be interesting... in 2008, everyone was kept whole, even above the limit. That can't (I hope) happen here. A lot of dumb companies and people need to take a lesson.
Bah Humbug is offline  
Old 03-11-23, 06:48 AM
  #8698  
Bah Humbug
serious cyclist
 
Bah Humbug's Avatar
 
Join Date: Apr 2009
Location: Austin
Posts: 20,358

Bikes: S1, R2, P2

Mentioned: 115 Post(s)
Tagged: 1 Thread(s)
Quoted: 8837 Post(s)
Liked 3,357 Times in 1,813 Posts
Lame Wordle solution.

Wordle 630 4/6

🟨⬛⬛🟩⬛
🟨🟨⬛🟩⬛
⬛🟨⬛⬛⬛
🟩🟩🟩🟩🟩

Daily Quordle 411
7️⃣4️⃣
8️⃣5️⃣
quordle.com
⬜⬜⬜⬜⬜ 🟩⬜⬜🟨⬜
⬜⬜⬜⬜🟩 ⬜🟩⬜🟩⬜
⬜⬜⬜⬜🟨 ⬜🟨⬜⬜⬜
⬜⬜⬜⬜⬜ 🟩🟩🟩🟩🟩
⬜🟩⬜🟩⬜ ⬛⬛⬛⬛⬛
⬜🟩🟩🟩🟩 ⬛⬛⬛⬛⬛
🟩🟩🟩🟩🟩 ⬛⬛⬛⬛⬛

⬜⬜🟩⬜⬜ ⬜⬜⬜🟨⬜
⬜⬜⬜⬜🟨 ⬜⬜⬜⬜⬜
⬜⬜⬜⬜🟩 ⬜🟨⬜⬜🟨
⬜⬜⬜⬜⬜ ⬜⬜🟩⬜🟨
⬜🟨⬜🟨⬜ 🟩🟩🟩🟩🟩
🟨🟨⬜🟨⬜ ⬛⬛⬛⬛⬛
⬜🟨⬜🟨🟨 ⬛⬛⬛⬛⬛
🟩🟩🟩🟩🟩 ⬛⬛⬛⬛⬛
Bah Humbug is offline  
Old 03-11-23, 07:27 AM
  #8699  
datlas 
Should Be More Popular
 
datlas's Avatar
 
Join Date: Dec 2007
Location: Malvern, PA (20 miles West of Philly)
Posts: 41,674

Bikes: 1986 Alpine (steel road bike), 2009 Ti Habenero, 2013 Specialized Roubaix

Mentioned: 556 Post(s)
Tagged: 2 Thread(s)
Quoted: 21205 Post(s)
Liked 7,692 Times in 3,616 Posts
Stupid rain means no ride today. I plan to take vengeance tomorrow and ride 100 miles.
__________________
Originally Posted by rjones28
Addiction is all about class.
datlas is offline  
Likes For datlas:
Old 03-11-23, 07:27 AM
  #8700  
phrantic09
Fat n slow
 
Join Date: Oct 2013
Location: Saratoga, NY
Posts: 3,872

Bikes: Cervelo R3, Giant Revolt

Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 2904 Post(s)
Liked 1,802 Times in 854 Posts
Originally Posted by Bah Humbug
Yes. And that's part of what will be interesting... in 2008, everyone was kept whole, even above the limit. That can't (I hope) happen here. A lot of dumb companies and people need to take a lesson.
The wrong people are going to pay the price of those lessons though. Itís not the founders with their company money in SVB that will be truly impacted, itís guys like you and me that wonít get a paycheck.
phrantic09 is offline  
Likes For phrantic09:

Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell or Share My Personal Information -

Copyright © 2023 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.