We are all aware that star citizens macrotractions are obscene and unjustified, but I cannot understand how backers can be so deluded to think that a ship which doesn’t even exist, if it does it is just a line of code - can be in limited stock? How stupid can people be? Do whales not have brains?
I’ve been following this sub for a while now. And I’ve been following this scam (yes it’s literally a scam) since Smart was writing his blogs years ago. People called him an idiot and harassed him for doing so and look where we are now. NPC favourite animations is the fucking T pose, stairs are still lethal and 400 million dollars have been spent. To put that into perspective it costs less than that to make an actual 747 jet which ironically CAN ACTUALLY FLY.
Frankly I’ve had enough of staying quiet. I think it was a lot of developer shit recently and even some which I’d had faith in for years like rockstar releasing the Defective edition of the gta series and if we’re going to call out EA and activision every time they screw over consumers, it disgusts me that star citizen gets a free pass for not only delays and lies but sheer incompetence. This is the worst project I’ve ever seen done, and I have been a management accountant for years. It’s worse than the fucking Ouya. At least that pile of dung was released.
People who use the excuse that people are pumping in money still to this day and seeing a return are idiotic. People were paying Bernie Madoff right until the day his Ponzi scheme collapsed and that reached 50 billion dollars. And as long as money keeps being pumped in, nevermind how shady the source it will go on indefinitely. They’ll pump out more buggy corn laden turds and the faithful will eat it up and say thank you in return while they laugh at the nerdy slogans on their shirts and jack each other off because the Idris went on sale again.
This will never end until the Crobbler sings. All the way to the bank that is.
What I’ve done is:
MC = q = MR = p for a competitive firm.
Therefore, market supply = 50p = market demand
So 50 p = 200 - 50p => p = 2 (competitive market price)
Competitive market quantity, q = 50.p = 100
The profit of each firm is R - C = p.q - 0.5q²
Substituting, profit = 2
So consumer’s surplus is (1/2).2.100 = 100
Producer’s surplus is (1/2).2.100 = 2
Is this working correct?
Preface
I’ve been heavily interested in the workings of the Fed since March. Thanks to u/leisure_rules, I’ve started looking through OCC data - including large commercial banks.
Recently, I’ve posted notional values of derivatives within the US market - something that should frighten all of you. I believe Goldman Sachs is in a large pickle, having nearly 200:1 leverage ratio and a 75% reduction in assets since 2019. Either GS or the other two (smaller) banks that are incredibly over-leveraged are likely the first to fall.
With the recent unconstitutional moratorium extension, I decided to take a look at what is really going on in the backend. I also speculate that the large firms are behind the push to extend the moratorium, as a large enough default rate will reduce household prices, reducing the values of their assets, and will actually cause them to be margin called.
Marge doing some practice runs
TL;DR;
You’ve been lied to about demand. Nobody seems to be getting new mortgages, rather it seems (indirectly) that our future owners (BlackRock & BlackStone) are actually the ones that are causing the whole demand to be built up. If we get a large-enough default rate, margins will start calling.
Appetizer
I’ll paraphrase the document above for you and attempt to prove a thesis that you have been lied to.
What are mortgage metrics
The Office of the Comptroller of the Currency (OCC) collects data on first-lien residential mortgage loans serviced by seven national banks with large mortgage-servicing portfolios and is reported quarterly to “promote broader understanding of mortgage portfolio performance and modification activity in the federal banking system, support supervision of regulated institutions, and fulfill section 104 of the Helping Families Save Their Homes Act of 2009 (codified at 12 USC 1715z-25), as amended by section 1493(a) of the Dodd–Frank Wall Street Reform and Consumer Protection Act.”
Before the third quarter of 2019, certain banks reported completed,post-foreclosure,and other real estate owned (OREO) accounts in data used in figur
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