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Comment Re:Fed up of hearing about this company (Score 1) 160

In the US somewhere around 5-10% of mortgages seem to be variable rates. Rather above your 0.01% estimate.

Those are likely business property loans, the rules for which work differently, so people are more likely to get variable rates on.

You'd also catch a bunch of the fixed mortgages every year when their terms expired.

...and these are definitely business loans. Home loans don't "expire" - they continue until the loan is completely paid off. I've only ever seen business mortgages have an expiration sooner than full term.

Comment Re:WHY ? (Score 1) 160

This right here.

GameStop is in the middle of reinventing itself. And the closed stores aren't a sign of it exiting markets, or even really being worse off than they used to be - the pandemic hit all retailers, and GameStop has done better weathering the storm than most. In a lot of cities GameStop had a dozen stores (they had four stores in the Mall of America alone, FFS), so their choice to close some of them and consolidate business in larger cities during the pandemic is hardly surprising.

Comment Re:Not a sale, a ladder attack. (Score 1) 160

The thing is, when these stocks have been going down there's a consistent pattern of the buy/sell being exactly the same number of shares (typically 100) each step of the way down, and by a consistent and even drop in price each time. When the stock has been going up, it's much more randomized - random jumps in price, and a lot of the trades are for only a few shares at a time. This seems to indicate that the downward-priced trades are organized, and not indicative of normal trading, and that the upward-priced trades are haphazard, as would be expected from normal trading by individuals.

Comment Re:Pump and dump is a crime (Score 3, Informative) 160

Part of the endgame plan caused by the shorting being done by the hedge funds was to guarantee that GameStop couldn't do a stock offering to expand their business into new areas, or shore up their cashflow. This is a common tactic hedge funds use - prevent a company from using stock to avoid bankruptcy, then all the short positions can be filled for pennies on the dollar.

And I think we can agree that the worker-bee employees are certainly affected by a bankruptcy, or an aggressive restructuring that includes cutting jobs and store closures.

Comment Re:Fed up of hearing about this company (Score 1) 160

Only if they were dumb enough to do a variable rate loan, and not lock in on a fixed rate. And with the current rates, you'd have to be a complete fucking idiot to do that, and your Realtor would have to be absolute trash to let you.

You could move mortgage interest rates up by 100% and it wouldn't touch 99.99% of home owners - it would just prevent new sales from happening.

Comment Re:Fed up of hearing about this company (Score 1) 160

Reddit should be focusing on real issues like solving the house price issue.

Good luck on that. I've been hearing grumbling about housing prices for years, and never seen a single realistic proposal for how to lower housing prices. Everything suggested I've seen is a knee-jerk reaction to some group the poster hates, without thinking through the amount of collateral damage it will cause, or the end effects of the proposed policy.

"Nobody should be able to own property!" ...OK, so my house is no longer mine? Some rando can just walk in and tell me he lives here now, and I can either room with him or GTFO? Oh, and I'm certain this setup is going to make every woman feel perfectly safe knowing every stalker can just move into their bedroom at any time.
"Then the government can assign where you live!" ...yeah, because that's going to go well and be done fairly. No chance political connections or money is involved in the housing selection process, making all the rich and connected be in better areas than the poor. Oh, and I'm sure racism isn't going enforce ghettos and make it even harder to get out of them... Oh, and I'm sure moving is going to go very smoothly, and not be a bureaucratic nightmare.

The only thing I've heard that makes any sense is to crack down on property barons who buy up high-priced condos to use for money laundering schemes for foreign princes/etc., but that's only going to have an effect in big cities like NYC or LA.

Comment Not a sale, a ladder attack. (Score 5, Informative) 160

This isn't traders dumping shares - the volume is way too low for that. It's being done by an illegal market manipulation tactic called a "ladder attack".

The volume and timing of the trades dropping the price in the last two days indicate a ladder attack, not a sell-off. Also, near-identical patterns can be seen in AMC, BB, and other similar stocks that are darlings of r/WallStreetBets. If these were natural the volume and pattern of the sales wouldn't be so regular, and it wouldn't be happening with such consistency across this very specific subset of stocks.

Comment Re:Flash (Score 2) 125

FTP support in a browser was always a nasty hack. It never supported most of the FTP protocol (or even basic file handling such as downloading a directory) and it only existed because HTTP transfers were garbage back in the 90s.

No, it existed because FTP servers have been around forever and have both better security and user/group-level access restrictions. HTTP has caught up in many aspects, but FTP's access is both simple and easy to administrate.

There's no excuse in 2020 (or at any time the past 2 decades) to serve a single file as a download from some website via FTP.

Except for the fact that you can point to an already extant FTP server rather than migrating all the files over to a web server and having to reset up logins, passwords, or whatever other access controls (if any) you feel you need.

Additionally, you're ignoring the fact that a lot of places still using FTP are often using them for reasons. Automated scripts is one of those reasons. Legacy applications and infrastructure often use a "if it's not broke, don't fix it" concept - and while sometimes that can be bad, in this case it typically comes down to a KISS reasoning, which is completely justified if you just need something to serve files.

Also, the big question is: What reasons are there for removing the functionality?
Saving space in the codebase? FTP is ancient, and the code for it is tiny.
Reducing need for code maintenance? Odds are it hasn't needed upgrades to the code in decades.
Better security? FTP's security is acceptable for most uses, and that's the sysadmin's call to make, not the browser's.

Comment Re: Yeah, to each company its own specialty (Score 1) 72

The issue is that they're making counterfeits of branded items. I don't care if there's a lower-quality knock-off of a brand name item, so long as it's clear that it's a knock-off. And if it's a knock-off it shouldn't be "binned" with the actual brand-name item.

This is a situation where both Amazon and the Chinese counterfeit manufacturers are feeding off each other, and are each intentionally causing this problem as a way to increase profits.

China counterfeits because the DGAF and it makes them money. Amazon accepts the Chinese counterfeits because they DGAF and it makes them money. The co-mingling of real and fakes are the fault of both - China for intentionally claiming the fakes are real, and Amazon for combining the real and fake supplies in a way to mask their origin.

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