Spain Grain retweetledi
Spain Grain
16.1K posts
Spain Grain
@spain_grain
CBOT grain trader futures/spreads. Sometimes you win, sometimes you lose, sometimes it rains. Often wrong...never in doubt. Always long sarcasm
Somewhere in IL Chicago expat Katılım Ekim 2011
647 Takip Edilen1.7K Takipçiler
Spain Grain retweetledi
Spain Grain retweetledi
Someday someone will explain to me how we already spend $5.60/ticket to fund TSA but somehow we still need the government open to fund TSA.
Senate Republicans@SenateGOP
In America today, you could miss your flight because Democrats want to make it harder to stop deporting illegal aliens who commit crimes against Americans. Democrats’ priorities are truly shocking.
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Spain Grain retweetledi
Spain Grain retweetledi
Oscar Pistorius kind of walked so this guy could sort of run
FOX 5 DC@fox5dc
A professional cornhole player with no arms and legs has been accused of murder in Charles County. fox5dc.com/news/dayton-we…
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Spain Grain retweetledi
Spain Grain retweetledi
Cut a pizza into infinite slices to solve world hunger.
Max 📟@MaxNordau
WATCH: "Professor Jiang" explains that we could fix poverty by printing infinite money but we don't because we want people to be poor. I am not joking.
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Spain Grain retweetledi
Spain Grain retweetledi
Spain Grain retweetledi
Spain Grain retweetledi
Mr. Samuelson. 1934-2026. He would have been 92 on 3/31. He loved birthdays and celebrated everyone else’s joyfully. Rare to work with someone 45 years. Thank you, O.
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Can't imagine open interest goes up on a day like this in crude
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Spain Grain retweetledi
They’re not messing around with pace of play at this golf course 😲
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Spain Grain retweetledi
The blunt reality is that trying to suppress hedging in futures markets (potential genius idea from Treasury coming) doesn't suppress oil prices, it suppresses price discovery and risk transfer.
If producers can't hedge forward production, they either demand a higher spot risk premium (prices go up), reduce capital investment (longer-term supply reduction), or move hedging activity to London (ICE Brent) and offshore venues entirely.
The historical record on administrative oil price suppression (hello Nixon price controls) is that you get shortages and distortions, not cheap gasoline.
@LukeGromen
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Spain Grain retweetledi
Charles Barkley asked Justin Thomas a question about Alabama football during his press conference today.
JT's answer was perfect. 😂
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Spain Grain retweetledi
A complementary explanation for the sudden mass cancellations lies in an under-appreciated regulatory dynamic: Solvency II, the European Union’s insurance capital framework.
This regime was enacted in 2016, before Brexit; the United Kingdom effectively copied and retained it in full through the European Union (Withdrawal) Act 2018, so that Lloyd’s syndicates and the International Group P&I clubs continue to operate under functionally identical rules today.
In plain terms, these rules mandate that insurers and reinsurers must at all times hold sufficient capital to withstand a “once-in-200-year” loss event. When conflict escalated in the Gulf, internal risk models immediately recalculated the probability of catastrophic claims upward.
This produced an instantaneous increase in the Solvency Capital Requirement.
Raising the additional capital required would have taken months of board approvals, investor negotiations, and regulatory filings.
Standard reinsurance treaties, however, allow cancellation on as little as seven days’ notice. Confronted with that binary choice, the firms selected the faster option.
Solvency II was expressly designed to prevent a financial crisis within the insurance industry by imposing rigorous capital standards. Yet, by compelling insurers to withdraw from the very coverage they exist to provide — war-risk and political-risk protection — these rules COULD BE triggering a far broader economic crisis through interrupted oil shipments, sharply higher global energy prices, and widespread supply-chain disruption.
Steve Skojec@SteveSkojec
This is a ballsy power play by Trump. Lloyd's of London was the gold standard for maritime insurance policies until just a day or two ago when they started cancelling policies or jacking them up 3-5X. Others insurers followed. That collapsed commercial shipping traffic through Hormuz, which choked oil shipments out of the Middle East. Trump doing this means the DFC has the chance to displace Lloyd's as the big dog in this game, when they have been the lock-in player for many years. It also frees up all the oil that was getting trapped there, heading off shortages and keeping the energy market alive. And why not? It's the American navy that sunk the Iranian ships that were harassing tankers. And the American Navy -- at least for now -- will keep those tankers safe. It's a huge reassurance to allies -- both oil producers and oil consumers -- that our campaign in Iran isn't going to sink their economies. And it allows America to be choosy about traffic in the Strait. It also potentially means billions of dollars in insurance premiums at wartime rates going to America instead of the UK. And those rates are STILL going to be cheaper than what shippers were getting.
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College athletics are joke. I have zero interest these days
Isaac Trotter@Isaac__Trotter
There are only 22 high-major scholarship players who will celebrate Senior Night this week, having played at just one place. Mississippi State's Shawn Jones Jr. is the only SEC senior to finish where he started. Dozens of coaching changes and the transfer portal have led to this
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Spain Grain retweetledi
Schopenhauer wrote this paragraph more than 150 years ago, and it’s still true
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