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Everything posted by Wrestleknownothing
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What does it mean we default on Jun 1
Wrestleknownothing replied to mspart's topic in Non Wrestling Topics
That's nothing. There are guys on here who think pinfall is a foreign language. -
What does it mean we default on Jun 1
Wrestleknownothing replied to mspart's topic in Non Wrestling Topics
One area that has the potential to get very messy is collateral. Treasuries are used as collateral for every kind of trade everywhere in the world. If interest payments are missed it does not affect the ability to move Treasuries (i.e. post them as collateral), but if a principal payment is missed the issue is removed from FedWire (i.e. cannot be used as collateral). Another collateral based issue is that many systems will not allow defaulted bonds to be used as collateral (they have a price for collateral purposes of zero). Most large institutions have war gamed these scenarios (after all this artificial debt ceiling silliness has been around for a long time), and hopefully have the protocols in place to handle this. But what happens if a smaller participant trips up on this? Or what happens if the war gaming missed a scenario? No one really wants to find out. -
What does it mean we default on Jun 1
Wrestleknownothing replied to mspart's topic in Non Wrestling Topics
I quoted one above. JP Morgan. -
What does it mean we default on Jun 1
Wrestleknownothing replied to mspart's topic in Non Wrestling Topics
Very doubtful. Argentina has very famously defaulted (and not a technical default) multiple times. Yet they were able to issue a 100 year maturity bond just 1 year after their last default. The US is still the best credit available. As a matter of fact, you should not be surprised if the prices on Treasuries goes UP in the event of a default. As counter-intuitive as that seems that is what has happened in past debt ceiling crises as "flight to quality" causes people to buy more Treasuries in the face of a Treasury default. From JP Morgan: "but in the unlikely event of a technical default, we think Treasury yields would decline and the curve would steepen. This seems unusual in the context of a default, but Treasuries have rallied into the latter stages of other serious debt ceiling debates in 2011 and 2013." -
What does it mean we default on Jun 1
Wrestleknownothing replied to mspart's topic in Non Wrestling Topics
Though Social Security does flow through the Treasuries cash account. I am not sure what legal restriction they face. -
What does it mean we default on Jun 1
Wrestleknownothing replied to mspart's topic in Non Wrestling Topics
The issue is that not enough money will be taken in to pay all obligations: interest payments, principal payments, and other bills (there are 100 separate withdrawal sources on the Daily Treasury Statement - also FICA is the largest deposit on a normal day). So, choices would be made on which payments to make. A default is still possible in that case. The Treasury had $636 billion of cash on hand at the start of the year. It had $57 billion as of May 19. BTW, I was able to confirm that there are no cross default provisions for Treasuries. So the Treasury can selectively default, or selectively miss interest payments without it affecting other bonds. -
Jimmy Crapcorn? Jimmy John? Jimmy Thunderbox?
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And who the hell is Nicky Lee?
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I'm more disturbed than baffled.
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What does it mean we default on Jun 1
Wrestleknownothing replied to mspart's topic in Non Wrestling Topics
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I didn't see the match. I only read this post on HR in response to similar complaints that the ref screwed DeSanto ( which reminds me of the scene in Shawshank Redemption where Red points out that everyone in prison is innocent. He checks an inmate who says, "I didn't do it, my lawyer screwed me.") _____________________ ??? Garrett got three turns. You don’t put them on their feet when the top man is repeatedly scoring in par terre. On the Garrett TD, Austin got a caution for fleeing the mat. I don’t think the camera angle was good enough to say whether that was the right or wrong call. But the caution meant they go to par terre, which they did with 2:35 on the clock. It was 3-0 Garrett at that point. They blew the whistle and Austin immediately grabbed Garrett’s leg with it gripped for the sole purpose of preventing Garrett from scoring, That’s called negative wrestling and he was properly warned for it. Next Austin did the same thing with Garrett’s arm and again got a warning for negative wrestling. The first scored gut wrench finished with 2:20 on the clock, just 15 secs after they went in par terre and after two warnings for negative wrestling on Austin. Austin then grabbed Garret’s arm again and again got called for negative wrestling. At that point, the ref called a caution on Austin as he had already given Austin two warnings. That was with 2:12 to go. The caution meant a restart in par terre. On the restart, Garrett immediately went to another gut wrench, which he used to score in just 10 secs. He then got another turn that he finished just 15 secs later and the match ended.
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Olympic Redshirt Criteria
Wrestleknownothing replied to Wrestleknownothing's topic in College Wrestling
Is it zero? When did Olympic redshirts become a thing? -
Thought I would post this here as there are a lot of questions about whether wrestlers will take an Oly RS. Every time I read one of those questions I wonder if that is even an option for a particular wrestler. Criteria to qualify for a 2024 Olympic Redshirt Year There are six ways to qualify for an Olympic Redshirt Year • Only required to meet one criteria: 1) Past National Team members • Top 3 from the Senior World Team Trials or Olympic Team Trials 2) Top 8 at the April 2023 Senior US Open 3) Top 8 at the December 2023 Senior US Nationals 4) Top 3 at the 2023 NCAA I Wrestling Championship 5) NCAA I Champion from a previous year AND top 2 from the 2023 U23 Nationals (must accomplish both) 6) Previous U17, U20, U23 World Medalist (UWW) Numbers 3 and 5 are still to be determined. Number 3 is an odd one in that it happens after the start of the season. 2024 USAW Oly RS Criteria
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Best chance to upset Penn St?
Wrestleknownothing replied to scorenomore's topic in College Wrestling
He announced his retirement from college wrestling https://www.on3.com/college/wisconsin-badgers/news/austin-gomez-announces-forgo-final-season-wrestling-wisconsin-freestyle-world-olympics/ -
Interesting stock market effect
Wrestleknownothing replied to mspart's topic in Non Wrestling Topics
Not gonna happen -
Best chance to upset Penn St?
Wrestleknownothing replied to scorenomore's topic in College Wrestling
The field needs them to turn into 2015 Missouri. Based on seeds, MIZZ was expected to win by 10.5. Instead they barely made the podium, 28.5 points behind Ohio State. -
Going into the 2015 tournament Edinboro was expected to score about 34 placement and advancement points based on their seeds. They actually scored 60.5 (75.5 with bonus added in). Their projected finish was 14th based on their seeds. Their actual finish was 3rd. And they did it with only 6 wrestlers. My detailed data only goes back to 2010. Was there a more overachieving team prior to 2010?