Recording
Kick Livestreams/pre dinner post lunch SHOW 2025-10-15 01_48 [a8be72ee-pre-dinner-post-lunch-show] 480p
2025-10-15 · 1 hr 43 min
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- rev_9f9de6cc913afa3065ce86763c740705Machine-generated and unreviewed; may be wrong; not a verified quotation.undraw_asractive379 segments
Transcript
Fucking insane.
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0:00–0:00 · rev_9f9de6cc913afa3065ce86763c740705_0Down £14.
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0:03–0:04 · rev_9f9de6cc913afa3065ce86763c740705_1Thankfully I've got more longs open than shorts, so if it does keep ripping, I make money instead of losing it.
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0:07–0:15 · rev_9f9de6cc913afa3065ce86763c740705_2Oh, very disappointing. Apple crumble failed.
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0:44–0:48 · rev_9f9de6cc913afa3065ce86763c740705_3Wasted— I wasted £6 on that stupid dish. The actual bowl.
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0:50–0:54 · rev_9f9de6cc913afa3065ce86763c740705_4I don't know if I take it out the bin because I don't know if I'm even ever going to use it. When— what would I ever use it for?
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0:59–1:05 · rev_9f9de6cc913afa3065ce86763c740705_5Uh, maybe I take it out the bin.
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1:07–1:09 · rev_9f9de6cc913afa3065ce86763c740705_6What would I ever use it for? I'm not making a fucking pie. No thanks, I do not need that stress.
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1:24–1:32 · rev_9f9de6cc913afa3065ce86763c740705_7I hate working with flour. I hate flour so much.
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1:35–1:38 · rev_9f9de6cc913afa3065ce86763c740705_8Roast potatoes.
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1:42–1:42 · rev_9f9de6cc913afa3065ce86763c740705_9I don't want to make anything. I can't be bothered anymore. What's the point?
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1:46–1:49 · rev_9f9de6cc913afa3065ce86763c740705_10Feeling very frustrated now.
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2:00–2:03 · rev_9f9de6cc913afa3065ce86763c740705_11Wasted all that time making that stupid apple crumble.
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2:30–2:33 · rev_9f9de6cc913afa3065ce86763c740705_12All for nothing.
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2:38–2:39 · rev_9f9de6cc913afa3065ce86763c740705_13Damn, Maki's ripping.
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3:16–3:17 · rev_9f9de6cc913afa3065ce86763c740705_14Might as well go along, all in long.
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3:31–3:33 · rev_9f9de6cc913afa3065ce86763c740705_15If that's what you're gonna do now,
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3:36–3:38 · rev_9f9de6cc913afa3065ce86763c740705_16what are you gonna do? If you tank, I make money. If you go along, I make money. Trying to fuck me over now, you fucking bitch market.
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3:41–3:49 · rev_9f9de6cc913afa3065ce86763c740705_17I've got longs and shorts all over the place. No matter what move you make, I'm gonna make money and you can't stop me. Fine, I'll take this stupid dish out the fucking bin.
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3:51–4:01 · rev_9f9de6cc913afa3065ce86763c740705_18Oh God, it's covered in flour now.
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4:07–4:09 · rev_9f9de6cc913afa3065ce86763c740705_19啊,呃,做起的。
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4:22–4:40 · rev_9f9de6cc913afa3065ce86763c740705_20Why isn't
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5:34–5:35 · rev_9f9de6cc913afa3065ce86763c740705_21it
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5:40–5:41 · rev_9f9de6cc913afa3065ce86763c740705_22coming off? Oh my fucking God.
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5:50–5:55 · rev_9f9de6cc913afa3065ce86763c740705_23Fucking
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6:29–6:35 · rev_9f9de6cc913afa3065ce86763c740705_24stupid fucking dish.
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6:39–6:40 · rev_9f9de6cc913afa3065ce86763c740705_25Why is it so hard to clean?
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7:04–7:10 · rev_9f9de6cc913afa3065ce86763c740705_26All it had was some apple in it.
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7:12–7:14 · rev_9f9de6cc913afa3065ce86763c740705_27Ah, I got kind of cold in my head.
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7:27–7:32 · rev_9f9de6cc913afa3065ce86763c740705_28Why is it so hard to get the fucking apple off of it? It's like it's glued on or something.
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7:38–7:44 · rev_9f9de6cc913afa3065ce86763c740705_29What the fuck is this? Why doesn't it come off?
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7:46–7:51 · rev_9f9de6cc913afa3065ce86763c740705_30Ah, fuck you, fucking dish.
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7:55–7:58 · rev_9f9de6cc913afa3065ce86763c740705_31Ah,
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8:08–8:08 · rev_9f9de6cc913afa3065ce86763c740705_32ah, fucking apple crumble. Never fucking mention apple crumble to me ever again.
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8:10–8:17 · rev_9f9de6cc913afa3065ce86763c740705_33I hate apple
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8:20–8:21 · rev_9f9de6cc913afa3065ce86763c740705_34crumble. Now I'm fucking sick.
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8:23–8:26 · rev_9f9de6cc913afa3065ce86763c740705_35Fucking hell, why does everything go wrong?
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8:32–8:35 · rev_9f9de6cc913afa3065ce86763c740705_36This
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8:46–8:46 · rev_9f9de6cc913afa3065ce86763c740705_37fucking app lagging. Okay, it's back.
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8:53–8:57 · rev_9f9de6cc913afa3065ce86763c740705_38I should never have bothered making this stupid apple crumble.
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9:11–9:17 · rev_9f9de6cc913afa3065ce86763c740705_39I'm probably gonna be coughing for weeks now.
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9:28–9:29 · rev_9f9de6cc913afa3065ce86763c740705_40That's how it starts.
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9:37–9:38 · rev_9f9de6cc913afa3065ce86763c740705_41It starts a little tickle in the throat in the morning.
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9:42–9:44 · rev_9f9de6cc913afa3065ce86763c740705_42Where everyone tuning in from, guys?
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10:26–10:29 · rev_9f9de6cc913afa3065ce86763c740705_43I go short, it rips. I go long, now it tanks. Are you fucking kidding me?
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10:40–10:46 · rev_9f9de6cc913afa3065ce86763c740705_44It goes long exactly where I short, and then it fucking tanks exactly where I go long.
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10:55–11:01 · rev_9f9de6cc913afa3065ce86763c740705_45Fucking shitting fucking market.
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11:03–11:05 · rev_9f9de6cc913afa3065ce86763c740705_46I just put in a long and now it's starting to go down,
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11:26–11:30 · rev_9f9de6cc913afa3065ce86763c740705_47and then when I exit it, it'll start going up.
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11:34–11:37 · rev_9f9de6cc913afa3065ce86763c740705_48Oh my God, fucking hell.
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11:39–11:43 · rev_9f9de6cc913afa3065ce86763c740705_49Sometimes I just want to grab the people who control the market. I don't know, like, where is the market? And strangle the fuck out of it. Bunch of stupid data centers. Russia just nuked it all.
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11:45–11:59 · rev_9f9de6cc913afa3065ce86763c740705_50I need to just like nuke the market out of existence.
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12:01–12:03 · rev_9f9de6cc913afa3065ce86763c740705_51Fucking stock market.
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12:06–12:08 · rev_9f9de6cc913afa3065ce86763c740705_52What would it take to just make it all go poof and disappear? Blow up all the data centers and the backups?
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12:19–12:25 · rev_9f9de6cc913afa3065ce86763c740705_53Making pies and pastries and cakes is so annoying.
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12:51–12:55 · rev_9f9de6cc913afa3065ce86763c740705_54Why is everything that's difficult to do hard and difficult and annoying?
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13:06–13:12 · rev_9f9de6cc913afa3065ce86763c740705_55Why can't anything just be easy?
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13:18–13:19 · rev_9f9de6cc913afa3065ce86763c740705_56Why is everything so damn hard in life?
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13:30–13:36 · rev_9f9de6cc913afa3065ce86763c740705_57Why would I be livery a vape? I've got like 5 vapes. I'm not vaping because I'm sick, so I don't want to make my throat worse.
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13:57–14:06 · rev_9f9de6cc913afa3065ce86763c740705_58Does it even do anything?
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14:10–14:11 · rev_9f9de6cc913afa3065ce86763c740705_59I don't know why my fingernails keep growing back so quickly. I swear I cut my fingernails a week ago.
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14:39–14:45 · rev_9f9de6cc913afa3065ce86763c740705_60I'm just frustrated today. Number one, my Apple crumble didn't work, and number two, since US market open, I haven't been able to correctly predict the direction.
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14:50–15:01 · rev_9f9de6cc913afa3065ce86763c740705_61I went short at the open and I got fucked. And now I think I've gone long at the end of this move.
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15:03–15:09 · rev_9f9de6cc913afa3065ce86763c740705_62Jay Powell speaking in 17 minutes. Maybe he'll do something.
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15:31–15:36 · rev_9f9de6cc913afa3065ce86763c740705_63And I have to keep ending the stream and starting it because I'm scared I'm gonna accidentally violate and then they're gonna take away all the money.
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16:00–16:07 · rev_9f9de6cc913afa3065ce86763c740705_64Losing the money from a 3-hour stream is better than losing the money from a 12-hour stream, isn't it?
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16:12–16:17 · rev_9f9de6cc913afa3065ce86763c740705_65What is a spoken word performance? Don't even know what that means.
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16:51–16:58 · rev_9f9de6cc913afa3065ce86763c740705_66Oh God, now I'm down £5 on my long and I'm down £14 on the short. How the fuck Fuck, gonna be down on both.
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17:09–17:17 · rev_9f9de6cc913afa3065ce86763c740705_67Can it just go up or go down?
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17:18–17:20 · rev_9f9de6cc913afa3065ce86763c740705_68I'll go short, it goes up. I'll go long, it goes down. And then it floats in the middle of where I'm long and short.
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17:22–17:29 · rev_9f9de6cc913afa3065ce86763c740705_69So I'm creating the support and resistance lines with my long and short entry. And it'll just bump up and down in between where I've gone long and where I've gone short.
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17:37–17:46 · rev_9f9de6cc913afa3065ce86763c740705_70At least tank or rip. Don't just sit in the fucking middle, you stupid fuck.
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17:56–18:00 · rev_9f9de6cc913afa3065ce86763c740705_71Do something. Jesus Christ.
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18:05–18:07 · rev_9f9de6cc913afa3065ce86763c740705_72Where everyone tuning? And now I'm down 7 fucking pounds on my long. Oh my God.
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18:36–18:43 · rev_9f9de6cc913afa3065ce86763c740705_73Oh, now it's tanking. Now I'm fucking down £10 on my long.
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19:10–19:14 · rev_9f9de6cc913afa3065ce86763c740705_74If it tanks hard, I'm in trouble because I've got too many longs now.
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19:39–19:43 · rev_9f9de6cc913afa3065ce86763c740705_75I got 0.30 short and
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19:53–19:57 · rev_9f9de6cc913afa3065ce86763c740705_760.75 long.
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20:01–20:05 · rev_9f9de6cc913afa3065ce86763c740705_77It would not be good for me if it tanked.
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20:20–20:23 · rev_9f9de6cc913afa3065ce86763c740705_78So we got, um, 5 to 2 and a half hours until dinner break, and then I will break for dinner.
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20:47–20:56 · rev_9f9de6cc913afa3065ce86763c740705_79Be back at 8 o'clock, and then 8 to 11.
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20:59–21:04 · rev_9f9de6cc913afa3065ce86763c740705_80And then bedtime.
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21:09–21:10 · rev_9f9de6cc913afa3065ce86763c740705_81I really hate US market open. I always get fucked.
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21:37–21:41 · rev_9f9de6cc913afa3065ce86763c740705_82I think I should just not trade US market open.
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21:43–21:45 · rev_9f9de6cc913afa3065ce86763c740705_83I don't know why US market opens so hard.
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21:48–21:50 · rev_9f9de6cc913afa3065ce86763c740705_84Jay Powell in 10 minutes.
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22:23–22:25 · rev_9f9de6cc913afa3065ce86763c740705_85Well, I guess with the remaining apples, let's just eat them like normal apples.
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22:45–22:52 · rev_9f9de6cc913afa3065ce86763c740705_86What a waste of apples.
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22:55–22:56 · rev_9f9de6cc913afa3065ce86763c740705_87Chopped up, roasted in the oven, microwaved in the microwave, chucked in the bin.
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22:59–23:06 · rev_9f9de6cc913afa3065ce86763c740705_88They didn't deserve that.
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23:11–23:12 · rev_9f9de6cc913afa3065ce86763c740705_89Where everyone tuning in from, guys?
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23:25–23:29 · rev_9f9de6cc913afa3065ce86763c740705_90That's so great.
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23:33–23:34 · rev_9f9de6cc913afa3065ce86763c740705_91Did you know monotremes are an ancient branch of mammals?
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23:43–23:48 · rev_9f9de6cc913afa3065ce86763c740705_92From 112 million years ago.
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23:51–23:55 · rev_9f9de6cc913afa3065ce86763c740705_93They are from an ancient branch of mammals called the monotremes.
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24:01–24:08 · rev_9f9de6cc913afa3065ce86763c740705_94From the class Monodramata.
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24:20–24:23 · rev_9f9de6cc913afa3065ce86763c740705_95Oh, hello, Wash! Thank you for tuning in to my live stream today. So nice and great.
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24:29–24:40 · rev_9f9de6cc913afa3065ce86763c740705_96My long is only down £6 now. Jay Powell speaking in 7 minutes.
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25:20–25:26 · rev_9f9de6cc913afa3065ce86763c740705_97Trying to find the best deals on taxis, you need Minicab, the UK's— She's
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25:32–25:37 · rev_9f9de6cc913afa3065ce86763c740705_98going to continue with her intro until Powell actually comes on. I'll turn— I'll flip the audio when Powell gets up there.
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25:41–25:47 · rev_9f9de6cc913afa3065ce86763c740705_99Hello, TB. I am saying many things.
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25:52–25:56 · rev_9f9de6cc913afa3065ce86763c740705_100Extremely well. Thanks so much. I forgot how to do this move. I do that and then that and that and that. Oh yeah,
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25:59–26:10 · rev_9f9de6cc913afa3065ce86763c740705_101and then this one.
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26:13–26:14 · rev_9f9de6cc913afa3065ce86763c740705_102Uh,
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26:18–26:18 · rev_9f9de6cc913afa3065ce86763c740705_103what just happened? Okay, is
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26:21–26:24 · rev_9f9de6cc913afa3065ce86763c740705_104it this way? That way,
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26:26–26:29 · rev_9f9de6cc913afa3065ce86763c740705_105that way, and that way. I forgot how to do that move.
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26:32–26:35 · rev_9f9de6cc913afa3065ce86763c740705_106Ah,
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26:38–26:38 · rev_9f9de6cc913afa3065ce86763c740705_107I think you twist it and then do that and then do this and go back. Oh yeah.
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26:42–26:48 · rev_9f9de6cc913afa3065ce86763c740705_108Uh,
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26:54–26:54 · rev_9f9de6cc913afa3065ce86763c740705_109where
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26:58–27:00 · rev_9f9de6cc913afa3065ce86763c740705_110everyone tuning in from, guys?
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27:03–27:08 · rev_9f9de6cc913afa3065ce86763c740705_111I hate doing the white cross in the beginning. It's the hardest bit. Okay, done it.
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27:14–27:18 · rev_9f9de6cc913afa3065ce86763c740705_112And red, blue,
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27:30–27:31 · rev_9f9de6cc913afa3065ce86763c740705_113and then green, red.
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27:36–27:37 · rev_9f9de6cc913afa3065ce86763c740705_114And then, and then I do
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27:43–27:48 · rev_9f9de6cc913afa3065ce86763c740705_115green red. Where's green red? Here. And then I do this,
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27:52–27:58 · rev_9f9de6cc913afa3065ce86763c740705_116and then I do this corner with green orange.
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28:00–28:08 · rev_9f9de6cc913afa3065ce86763c740705_117And then I do first layer finished.
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28:11–28:17 · rev_9f9de6cc913afa3065ce86763c740705_118Oh God, my cough's getting worse.
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28:22–28:23 · rev_9f9de6cc913afa3065ce86763c740705_119Do you think Market's going to rip whilst he speaks?
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28:28–28:30 · rev_9f9de6cc913afa3065ce86763c740705_120I think I'm getting sicker.
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28:52–28:53 · rev_9f9de6cc913afa3065ce86763c740705_1214 minutes.
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28:57–28:58 · rev_9f9de6cc913afa3065ce86763c740705_122I don't think it's the flu. I just got a sore throat, but I'm feeling a little bit— I don't know.
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29:14–29:22 · rev_9f9de6cc913afa3065ce86763c740705_123Maybe low energy.
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29:27–29:28 · rev_9f9de6cc913afa3065ce86763c740705_124Now I'm starting to get a dry cough.
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29:34–29:35 · rev_9f9de6cc913afa3065ce86763c740705_125I really doubt it's COVID.
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29:47–29:48 · rev_9f9de6cc913afa3065ce86763c740705_126Wow, 240 viewers! Where everyone tuning in from, guys?
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30:23–30:28 · rev_9f9de6cc913afa3065ce86763c740705_127Better than YouTube, isn't it?
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30:33–30:34 · rev_9f9de6cc913afa3065ce86763c740705_128I just hope I don't get fever. Please no, not fever.
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30:53–30:59 · rev_9f9de6cc913afa3065ce86763c740705_129I have plans for the weekend.
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31:07–31:10 · rev_9f9de6cc913afa3065ce86763c740705_130Wow, my long is up 50 pence now.
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31:17–31:20 · rev_9f9de6cc913afa3065ce86763c740705_131Right, speaking. Enjoyed my regular visits to your annual meeting and your conferences. Um, it's really been my favorite venue all these years. That's a little bit late. It's a place
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31:23–31:33 · rev_9f9de6cc913afa3065ce86763c740705_132I'm up two pounds. I'm up three pounds. What happened to this speech? Not sure what they're pausing for here. This is a place where we can talk about economic issues and not worry that someone's eyes might glaze over.
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31:36–31:47 · rev_9f9de6cc913afa3065ce86763c740705_133I also appreciate the warm welcome. I've always why is this sound quality so weird? And putting Fed staff aside for a minute, I can't think of a more Group of econ nerds anywhere.
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31:50–32:01 · rev_9f9de6cc913afa3065ce86763c740705_134People are saying, is this AI? It kind of looks like it. So thank you again for for this prestigious award. My lungs up five pounds today. Come on, Powell, pump it. As we all know, monetary policy is more effective, more effective when the public understands what the Federal Reserve does and why. With that in mind, I hope
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32:04–32:26 · rev_9f9de6cc913afa3065ce86763c740705_135to enhance understanding of one of the more arcane and technical aspects of monetary policy: the Federal Reserve's balance sheet. I'm up six pounds. We compared this topic to a trip to the dentist. The dentist. I found that comparison somewhat unfair to dentists. Dentist. So today I'll discuss the essential role that our balance sheet played during the pandemic,
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32:26–32:49 · rev_9f9de6cc913afa3065ce86763c740705_136along with some of the. Whoa, I'm up £8. Ample reserves implementation framework and the progress we've made toward normalizing this. I'm up £10. And I'll conclude with some brief remarks on the economic outlook. So one of the primary purposes of a central bank is to provide the monetary foundation for the financial system and the broader economy. This
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32:49–33:11 · rev_9f9de6cc913afa3065ce86763c740705_137foundation is made of central liabilities. On the Fed's balance sheet, the liability side of the ledger totaled £6.5 trillion. I'm up £12 as of October 8th. And 3 categories account for roughly 95% of the total. First, Federal Reserve notes, that is physical currency, totaled $2.4 trillion. Second, reserves, funds held by depository institutions at Federal Reserve banks, totaled
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33:11–33:36 · rev_9f9de6cc913afa3065ce86763c740705_138$3 trillion. So take profit, $12,000. Allow commercial banks to make and receive payments and meet regulatory requirements. Reserves are the safest and most liquid, liquid asset in the financial system, and only the Fed can create them. Might take profit. The adequate provision of reserves is essential to the safety and soundness of our banking system, the resilience and
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33:36–33:57 · rev_9f9de6cc913afa3065ce86763c740705_139efficiency of our payment system, and ultimately the stability. Why does the market rip when he speaks? He's not even saying anything. Treasury General Account, or TGA, currently at about $800 billion, which is essentially the checking account for the federal government. When the Treasury makes or receives payments Those flows affect dollar for dollar the supply of reserves or
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33:57–34:16 · rev_9f9de6cc913afa3065ce86763c740705_140other liabilities in the system. Might take my profit. The asset side of our ledger consists almost entirely of securities, including— Okay, I took my profit. £12. I'm out. And £2.1 trillion of government-guaranteed agency mortgage-backed securities, or MBS. When we add reserves to the system, we generally do so by purchasing treasuries. I took £12 profit. Reserve accounts of
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34:16–34:39 · rev_9f9de6cc913afa3065ce86763c740705_141the banks involved in the transaction with the seller. This process effectively transforms securities held by the public into reserves, but does not change the total amount of government liabilities held by the public. So the Fed's balance sheet serves as a critical policy tool. He's just explaining how the balance sheet works. Why is he going on? When COVID-19
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34:39–35:02 · rev_9f9de6cc913afa3065ce86763c740705_142struck in March 2020, the economy came to a near standstill. And financial markets seized up, threatening to transform a public health crisis into a severe prolonged economic downturn. In response, we established a number of emergency liquidity. Well, Bitmine ripped those programs supported at the time by Congress and the administration, providing critical support to markets and were remarkably
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35:02–35:26 · rev_9f9de6cc913afa3065ce86763c740705_143effective in restoring confidence and stability. I've got this stupid little hair on my cheek. I can't get it out. From these facilities totaled just over $200 billion. I have one hair. Loans with conditions stabilized. That's normally the deepest and most liquid market in the world. Oh, got it. Rock of the global financial system was under extraordinary pressure
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35:26–35:47 · rev_9f9de6cc913afa3065ce86763c740705_144and on the verge of collapse. We used large-scale purchases of securities to restore functionality to the Treasury market. Faced with unprecedented market dysfunction, the Fed purchased Treasury and agency securities at an extraordinary pace in March and April of 2020. Oh, hello, Immolated Rat. I'm making users new ways to wait 2 weeks to be able to chat to
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35:47–36:16 · rev_9f9de6cc913afa3065ce86763c740705_145filter out trolls. Where are you tuning in from today, my friend?
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36:16–36:23 · rev_9f9de6cc913afa3065ce86763c740705_146Chat interaction on point.
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36:28–36:30 · rev_9f9de6cc913afa3065ce86763c740705_147Hello TB, how you doing today?
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36:34–36:38 · rev_9f9de6cc913afa3065ce86763c740705_148Where everyone tuning in from?
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36:40–36:42 · rev_9f9de6cc913afa3065ce86763c740705_149Fucking kick. Stupid fucking website, isn't it?
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36:45–36:49 · rev_9f9de6cc913afa3065ce86763c740705_150Stream almost interacts with the fucking chat. Suck my ball,
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36:54–36:59 · rev_9f9de6cc913afa3065ce86763c740705_151nobodies. Suck my egg.
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37:01–37:07 · rev_9f9de6cc913afa3065ce86763c740705_152So the apple crumble crumbled into the bin. That was pretty good.
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37:15–37:21 · rev_9f9de6cc913afa3065ce86763c740705_153Crumbled into the bin.
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37:24–37:25 · rev_9f9de6cc913afa3065ce86763c740705_154That was good.
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37:32–37:36 · rev_9f9de6cc913afa3065ce86763c740705_155The apple crumble was too crumbly. It's all in the bin. The fruit was all dry and diluted, and the crumble was just raw flour on top. It was just like flour with butter. It didn't turn into like— I know, like, I mean, crumble was supposed to be like thick and stodgy, not all floury.
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37:44–38:08 · rev_9f9de6cc913afa3065ce86763c740705_156Maybe I didn't put enough butter. 2018, as well as the 2013 paper tantrum. Regarding the composition of our purchases, some have questioned the inclusion of agency MBS purchases given the strong housing market during the pandemic recovery. Outside of purchases aimed specifically at market functioning, MBS purchases are primarily intended— like, I put nearly half the stick of butter.
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38:11–38:36 · rev_9f9de6cc913afa3065ce86763c740705_157How is it not enough butter? I don't get it. C rate is constrained by the effect of lower bounds. The extent to which these MBS purchases disproportionately affected housing market conditions during that period is to be determined. The fuck was that? Many factors affect the mortgage market, and many factors beyond the mortgage market affect supply and demand.
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38:36–38:56 · rev_9f9de6cc913afa3065ce86763c740705_158I think it was just the bin. With the clarity of hindsight, we could have, and perhaps should have, stopped asset purchases sooner. Our real-time decisions were intended to serve as insurance against downside risks. We knew that we could unwind purchases relatively quickly once we ended them, which is exactly what we did. Research and experience tell us that
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38:56–39:19 · rev_9f9de6cc913afa3065ce86763c740705_159asset purchases affect the economy through expectations regarding the future size and duration of our balance sheet, so that when we announced our taper, market participants
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39:19–39:30 · rev_9f9de6cc913afa3065ce86763c740705_160What's the market?
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39:55–39:56 · rev_9f9de6cc913afa3065ce86763c740705_161Uh, Powell's not even saying anything interesting.
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40:11–40:12 · rev_9f9de6cc913afa3065ce86763c740705_162He's just giving like a history lesson. Since began the reserve regime, this is Gemini. British pounds in minutes. Trade crypto and earn token rewards all in one app. Build your portfolio the easy way with recurring bots. Earn when you stake with Ethereum and Solana and get on-chain access to the— our policy rate is achieved through this, through
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40:49–41:13 · rev_9f9de6cc913afa3065ce86763c740705_163the setting of our administrative interest on reserve balances, and the overnight repurchase rate— reverse repo rate, rather. This approach allows us to maintain rate control independently of the size of our balance sheet, and that's important given large unpredictable swings in liquidity demand from the private sector and significant fluctuations in— what, what even is he going on about?
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41:13–41:39 · rev_9f9de6cc913afa3065ce86763c740705_164Is the market still ripping or not?
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41:45–41:47 · rev_9f9de6cc913afa3065ce86763c740705_165Kind of.
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41:55–41:55 · rev_9f9de6cc913afa3065ce86763c740705_166Now if it could tank, that'd be great. I can get out my
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42:02–42:09 · rev_9f9de6cc913afa3065ce86763c740705_167short— the cat on my roof again. Hmm.
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42:20–42:23 · rev_9f9de6cc913afa3065ce86763c740705_168So where's everyone tuning in from? I
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42:41–42:45 · rev_9f9de6cc913afa3065ce86763c740705_169Ah, why doesn't this thing work?
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43:18–43:19 · rev_9f9de6cc913afa3065ce86763c740705_170Stupid camera. Okay.
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43:21–43:41 · rev_9f9de6cc913afa3065ce86763c740705_171Um, what's Jay Powell saying? Autonomous factors affecting reserve supply, whether the interest we pay on reserves is costly to taxpayers. In fact, that is not the case. The Fed earns interest income from Treasury securities that back reserves. Most of the time, our interest earnings from Treasury holdings more than cover the interest paid on reserves. Generating significant remittances
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43:56–44:17 · rev_9f9de6cc913afa3065ce86763c740705_172to the Treasury. By law, we remit all profits to the Treasury after covering expenses. And since 2008, even after accounting for the recent period of negative net income, our total remittances to Treasury have totaled— I think the market doesn't know what he's going on about.
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44:17–44:32 · rev_9f9de6cc913afa3065ce86763c740705_173He's just given a history lesson.
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44:35–44:36 · rev_9f9de6cc913afa3065ce86763c740705_174Huh, okay. Well, at least I made, uh, £12 from my laundry.
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44:56–45:01 · rev_9f9de6cc913afa3065ce86763c740705_175Uh, let's do
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45:35–45:36 · rev_9f9de6cc913afa3065ce86763c740705_176now.
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45:45–45:48 · rev_9f9de6cc913afa3065ce86763c740705_177Echidnas are a small clade with 2 extant genera and 4 species. The genus Zaglosus includes 3 extant and 2 fossil species, with only 1 extant species from the genus Tachyglosus.
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45:55–46:13 · rev_9f9de6cc913afa3065ce86763c740705_178I'm bored of
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46:25–46:28 · rev_9f9de6cc913afa3065ce86763c740705_179the kittens. OV, OV parity. Oviparous animals are animals that reproduce by depositing fertilized zygotes outside the body.
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46:41–46:59 · rev_9f9de6cc913afa3065ce86763c740705_180The hell's a zygote? A zygote is a eukaryotic cell formed by fertilization event between 2 gametes.
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47:02–47:12 · rev_9f9de6cc913afa3065ce86763c740705_181A fertilized zygote. It's basically a baby
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47:15–47:19 · rev_9f9de6cc913afa3065ce86763c740705_182by laying or spawning in metabolically independent incubation organs, also known as an egg.
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47:22–47:31 · rev_9f9de6cc913afa3065ce86763c740705_183Metabolically independent incubation organ, an egg, which nurture the embryo into moving offspring hatchlings. With little or no embryonic development within the mother. This is the reproductive method used by most animal species, as opposed to viviparous animals that develop the embryos internally and metabolically dependent on the maternal circulation until the mother gives birth to live juveniles.
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47:33–48:02 · rev_9f9de6cc913afa3065ce86763c740705_184Ovoviviparity
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48:07–48:07 · rev_9f9de6cc913afa3065ce86763c740705_185Ovoviviparity, or aplacental viviparity, is a bridging form of reproduction between egg-laying and oviparous and live-bearing viviparous reproduction. Ovoviparous animals possess embryos that develop inside eggs that remain in the mother's body until they're ready to to hatch.
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48:13–48:36 · rev_9f9de6cc913afa3065ce86763c740705_186Wow. So they call an egg a metabolically independent incubation organ, and they call a baby a fertilized zygote. That's funny.
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48:42–48:51 · rev_9f9de6cc913afa3065ce86763c740705_187The traditional modes of reproduction include overparity taken to the ancestral condition Taken to be the ancestral condition traditionally where either unfertilized oocytes— an oocyte is a thermal female germ cell involved in sexual reproduction. An oocyte is an immature ovum, an immature egg cell produced in a female fetus in the ovary during
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48:55–49:23 · rev_9f9de6cc913afa3065ce86763c740705_188gametogenesis, during
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49:24–49:27 · rev_9f9de6cc913afa3065ce86763c740705_189Oogenesis. The Oogonia become primary oocytes. I don't know what any of this means.
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49:29–49:35 · rev_9f9de6cc913afa3065ce86763c740705_190Market is still ripping.
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49:48–49:50 · rev_9f9de6cc913afa3065ce86763c740705_191How even the fuck?
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49:52–49:53 · rev_9f9de6cc913afa3065ce86763c740705_192I'm down 18 pounds in that short.
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50:03–50:06 · rev_9f9de6cc913afa3065ce86763c740705_193Uh, the biologists— oh wait. Traditional monarachthyma.
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50:15–50:21 · rev_9f9de6cc913afa3065ce86763c740705_194Unfertilized oocytes or fertilized eggs are spawned, and viviparity traditionally including any mechanism where young are born live or where the development of the young is supported by either parent in or on any part of the body.
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50:25–50:40 · rev_9f9de6cc913afa3065ce86763c740705_195Zygoparity, in which fertilization is internal is taken to the derived condition whether the male injects the sperm into the female intromittently.
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50:43–50:52 · rev_9f9de6cc913afa3065ce86763c740705_196Intromittent organ is any external organ of a male organism that is specialized to deliver sperm during copulation. Intromittent organs are found most often in terrestrial species, as most non-mammalian aquatic species fertilize their eggs externally.
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50:55–51:12 · rev_9f9de6cc913afa3065ce86763c740705_197Damn, can you imagine if humans also
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51:16–51:20 · rev_9f9de6cc913afa3065ce86763c740705_198fertilize eggs externally?
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51:24–51:25 · rev_9f9de6cc913afa3065ce86763c740705_199There would be no more rape because you wouldn't have to put your willy in the hole. You just like put your sperm there and I don't know enters the external egg or something.
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51:28–51:40 · rev_9f9de6cc913afa3065ce86763c740705_200The egg is not retained in the body for most of the period of development of the embryo within the egg, which is then main distinction between oviparity and ovoviviparity. Oviparity occurs in all birds, most reptiles, some fish, most arthropods. Among mammals, monotremes are uniquely oviparous. Embryoparity, in which the embryo develops for a significant amount of time before
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51:57–52:24 · rev_9f9de6cc913afa3065ce86763c740705_201the egg is laid. The definitive embryo is formed and may develop to an advanced states before oviposition, the egg hatches outside the body.
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52:24–52:34 · rev_9f9de6cc913afa3065ce86763c740705_202What do I think of the state of London currently? Um, sounds like a shithole that I would never want to go to.
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52:41–52:51 · rev_9f9de6cc913afa3065ce86763c740705_203Jay Powell's still talking. Do you think he dreams about economics as well? Because you must love economics to want to become the fair man— I mean, the chairman of the Fed— and know everything about monetary policy. Like, he'd obsess over it like a nerd. I don't know what kind of person you gotta be to love economics that
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53:02–53:25 · rev_9f9de6cc913afa3065ce86763c740705_204much.
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53:25–53:26 · rev_9f9de6cc913afa3065ce86763c740705_205Did you manage to rescue Meryl as a kid, or did you take Otacon home? I actually think I didn't even finish the game. I think I got stuck and gave up. I think— I don't remember. I think I got to Sniper Wolf and then I gave up.
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53:29–53:46 · rev_9f9de6cc913afa3065ce86763c740705_206I don't think I've finished a single video game my whole life.
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53:49–53:51 · rev_9f9de6cc913afa3065ce86763c740705_207Maybe one or two.
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53:55–53:56 · rev_9f9de6cc913afa3065ce86763c740705_208Oh God,
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54:13–54:14 · rev_9f9de6cc913afa3065ce86763c740705_209I wonder if market is still going to keep ripping.
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54:19–54:32 · rev_9f9de6cc913afa3065ce86763c740705_210Ovoviviparity. Ovoviviparity is a bridging form of reproduction between egg-laying oviparous and live-bearing viviparous reproduction. Ovoviviparous animals possess embryos that develop inside eggs that retain— remain in the mother's body until they are ready to hatch.
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54:42–55:04 · rev_9f9de6cc913afa3065ce86763c740705_211The young of some ovoviviparous amphibians, such as Limnonectes larvipartus,
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55:14–55:20 · rev_9f9de6cc913afa3065ce86763c740705_212are born as larvae and undergo further metamorphosis outside the body of the mother. Members of genera
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55:23–55:30 · rev_9f9de6cc913afa3065ce86763c740705_213and Eleutherodactylus—
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55:32–55:34 · rev_9f9de6cc913afa3065ce86763c740705_214basically just toads— bear froglets, not only the hatching but all the most conspicuous metamorphosis being completed inside the body of the mother before birth. Among insects that depend on opportunistic exploitation of transient food sources, such as many
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55:38–55:57 · rev_9f9de6cc913afa3065ce86763c740705_215Sarcophagidae and other carrion flies, species such as many Calliphoridae
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56:00–56:07 · rev_9f9de6cc913afa3065ce86763c740705_216that rely on fresh dung, and parasitoids such as tachinid flies that depend on entering the host as soon as possible. The embryos commonly develop to the first larval instar inside the mother's reproductive tract. And they hatch just before being laid, almost immediately afterwards.
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56:10–56:29 · rev_9f9de6cc913afa3065ce86763c740705_217Hey guys, where's everyone tuning in from today? Wow, really, it's great.
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56:34–56:38 · rev_9f9de6cc913afa3065ce86763c740705_218Do it on stream. What, y'all get excited? Nah, I'm good.
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56:45–56:50 · rev_9f9de6cc913afa3065ce86763c740705_219Oh, it's here.
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56:58–57:02 · rev_9f9de6cc913afa3065ce86763c740705_220Um, ovoviviparous animals are those animals that are similar to viviparous species in which there is internal fertilization and the young are born alive, but differ in that there is no placental connection and the unborn are nourished by egg. The mother's body does provide gas exchange.
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57:26–57:47 · rev_9f9de6cc913afa3065ce86763c740705_221In some species, the internal developing embryos rely solely on yolk. This is known as a yolk sac viviparity and is regarded as a type of lecithotrophy, no maternal provisioning. Other species exhibit matrotrophy, in which the embryo exhausts its yolk supply early in gestation, and the mother provides additional nutrition.
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57:51–58:18 · rev_9f9de6cc913afa3065ce86763c740705_222This additional provisioning may be in the form of unfertilized eggs, intrauterine oophagy, uterine secretions, or it may be delivered through a placenta.
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58:21–58:34 · rev_9f9de6cc913afa3065ce86763c740705_223Placenta is a temporary embryonic and later fetal organ that begins developing from the blastocyst shortly after implantation, plays critical roles in facilitating nutrient, gas, and waste exchange between the physical separate maternal and fetal circulations. So basically, it's just a flesh bag that grows a zygote inside of it. The first 2 of these modes were categorised under histotrophic
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58:36–59:04 · rev_9f9de6cc913afa3065ce86763c740705_224viviparity or aplacental and
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59:04–59:07 · rev_9f9de6cc913afa3065ce86763c740705_225A placental viviparity.
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59:14–59:18 · rev_9f9de6cc913afa3065ce86763c740705_226Ovolarviparity. Some insects, notably tachinid flies, are ovolarviparous, which means that the embryos develop into the first larval stage within the egg while still in the female's oviduct. As a result, the larvae hatch more rapidly, sometimes immediately after egg deposition, and can begin feeding right away.
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59:23–59:50 · rev_9f9de6cc913afa3065ce86763c740705_227A similar phenomenon is larviparity, in which larvae hatch before the female delivers them, although this may be mistakenly identified in species with very thin and transparent egg membranes.
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59:53–1:00:07 · rev_9f9de6cc913afa3065ce86763c740705_228What next? What about spawning?
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1:00:19–1:00:24 · rev_9f9de6cc913afa3065ce86763c740705_229Viviparous. An animal's viviparity is the development of the embryo inside the body of the mother, with the maternal circulation providing for the metabolic needs of the embryo's development until the mother gives birth to a fully or partially developed juvenile. That is at least metabolically independent.
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1:00:34–1:00:57 · rev_9f9de6cc913afa3065ce86763c740705_230This is opposed to oviparity, where the embryos develop independently outside the mother in eggs until they are developed enough to break out as hatchlings, and ovoviviparity, where the embryos are developed in eggs that remain carried inside the mother's body until the hatchlings emerge from the mothers. As juveniles similar to live birth. So they have the egg inside
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1:01:00–1:01:25 · rev_9f9de6cc913afa3065ce86763c740705_231of them. That's weird.
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1:01:25–1:01:27 · rev_9f9de6cc913afa3065ce86763c740705_232Viviparity and viviparous both derive from the Latin vivus, meaning living, and pario, meaning give birth to.
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1:01:29–1:01:37 · rev_9f9de6cc913afa3065ce86763c740705_233Oh, hey TB, read us the Wikipedia on Otto Warmbier. Maybe. I don't know who that is. Market still ripping.
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1:01:44–1:01:52 · rev_9f9de6cc913afa3065ce86763c740705_234Bitmine are ripping. Gold are ripping.
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1:01:55–1:01:59 · rev_9f9de6cc913afa3065ce86763c740705_235Stocks and Shares ISA, oh, are ripping, up £522, up £47 today. Light Strategy up 2.43%.
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1:02:03–1:02:14 · rev_9f9de6cc913afa3065ce86763c740705_236Nice. Powell's still talking. He's still talking. Technology can work for everybody as long as everybody's getting the skills and aptitudes they need to use that technology. This is Golden and Katz, their work, which they actually spoke about at Jackson Hole this year, but it's a 20-year-old book.
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1:02:22–1:02:39 · rev_9f9de6cc913afa3065ce86763c740705_237Uh, we can't do that. That's not something the Fed can do. We also can't— we can't address the, the potential society. Hey, Mark, you even care about what he's saying right now?
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1:02:42–1:02:51 · rev_9f9de6cc913afa3065ce86763c740705_238Doesn't seem like it. He's not saying anything important. He's just talking about economics.
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1:02:54–1:03:00 · rev_9f9de6cc913afa3065ce86763c740705_239Whoa, it just ripped. Oh no, that was gold.
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1:03:08–1:03:11 · rev_9f9de6cc913afa3065ce86763c740705_240Market is ripping.
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1:03:25–1:03:26 · rev_9f9de6cc913afa3065ce86763c740705_241Oh God, I feel sick.
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1:03:33–1:03:34 · rev_9f9de6cc913afa3065ce86763c740705_242Like, I can smell that weird smell that you smell when you're sick.
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1:03:37–1:03:40 · rev_9f9de6cc913afa3065ce86763c740705_243It's kind of like lavender flower.
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1:03:46–1:03:48 · rev_9f9de6cc913afa3065ce86763c740705_244Getting kind of cold as well. I should probably layer up.
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1:03:53–1:03:56 · rev_9f9de6cc913afa3065ce86763c740705_245I think being cold on the weekend made me sick because I was a bit chilly.
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1:04:15–1:04:21 · rev_9f9de6cc913afa3065ce86763c740705_246I didn't wear a jacket.
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1:04:23–1:04:24 · rev_9f9de6cc913afa3065ce86763c740705_247I haven't washed this bathrobe since 2021
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1:04:29–1:04:32 · rev_9f9de6cc913afa3065ce86763c740705_248because that was the last time I wore it. I was at my mum's house.
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1:04:35–1:04:39 · rev_9f9de6cc913afa3065ce86763c740705_249I can't believe last time I wore this I was 32 years old, still full of dreams and hope. About the future of my YouTube channel. All right.
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1:04:43–1:04:56 · rev_9f9de6cc913afa3065ce86763c740705_250Okay. Five modes of reproduction have been differentiated in animals based on relations between zygote and parents. The five include two non viviparous.
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1:05:30–1:05:43 · rev_9f9de6cc913afa3065ce86763c740705_251Um,
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1:05:59–1:05:59 · rev_9f9de6cc913afa3065ce86763c740705_252where everyone tuning in from, guys? 5 modes of reproduction have been differentiated in animals based on relations between zygote and parents. The 5 include 2 non-viviparous modes: ovoviviparity with external fertilization and oviparity with internal fertilization. In the latter, the female lays zygotes as eggs with a large yolk. This occurs in all
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1:06:06–1:06:36 · rev_9f9de6cc913afa3065ce86763c740705_253birds, most reptiles, and some fishes. These modes are distinguished from viviparity, which covers all the modes that result in live birth.
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1:06:36–1:06:45 · rev_9f9de6cc913afa3065ce86763c740705_254Histotrophic viviparity: the zygotes develop in the female's oviducts but find their nutrients by oophagy or adelphophagy. Intrauterine cannibalism of eggs or sibling embryos in some sharks, or in the black salamander.
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1:06:49–1:07:06 · rev_9f9de6cc913afa3065ce86763c740705_255What is an oviduct? A passageway from the ovary. In human females, this is more usually known as the fallopian tube. The eggs travel along the oviduct. These eggs will either be fertilized by spermatosa to become a zygote or degenerate in the body.
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1:07:10–1:07:29 · rev_9f9de6cc913afa3065ce86763c740705_256It makes us sound so alien describing us as a zygote. So, oh, congratulations on the zygote, your baby zygote. Sounds like an alien.
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1:07:31–1:07:44 · rev_9f9de6cc913afa3065ce86763c740705_257Hemotrophic viviparity— nutrients are provided by the female Often through some, some form of placenta. In the frog Gastrotheca ovifera, embryos are fed through by the mother through specialized gills.
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1:07:49–1:08:06 · rev_9f9de6cc913afa3065ce86763c740705_2581. The skink Suedomoya ventricastriata— I can't even say that. What the fuck is that?
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1:08:08–1:08:18 · rev_9f9de6cc913afa3065ce86763c740705_259Commonly known as Antracastose skink, the southern grass skink, the tussock cool skink,
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1:08:21–1:08:30 · rev_9f9de6cc913afa3065ce86763c740705_260Suedamoya antracastosi. And most mammals exhibit a hemotrophic viviparity.
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1:08:32–1:08:41 · rev_9f9de6cc913afa3065ce86763c740705_261Um, I don't think I blocked word Graham unless someone else did.
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1:08:45–1:08:50 · rev_9f9de6cc913afa3065ce86763c740705_262Banned words.
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1:08:53–1:08:53 · rev_9f9de6cc913afa3065ce86763c740705_263It's not in there.
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1:08:56–1:09:02 · rev_9f9de6cc913afa3065ce86763c740705_264Type it again.
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1:09:04–1:09:05 · rev_9f9de6cc913afa3065ce86763c740705_265Are you typing Graham?
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1:09:08–1:09:09 · rev_9f9de6cc913afa3065ce86763c740705_266What are you typing?
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1:09:12–1:09:13 · rev_9f9de6cc913afa3065ce86763c740705_267Because I haven't banned it.
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1:09:16–1:09:18 · rev_9f9de6cc913afa3065ce86763c740705_268It's not in the banned list.
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1:09:27–1:09:28 · rev_9f9de6cc913afa3065ce86763c740705_269Or is it? No, it's not.
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1:09:31–1:09:32 · rev_9f9de6cc913afa3065ce86763c740705_270What word are you typing?
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1:09:40–1:09:41 · rev_9f9de6cc913afa3065ce86763c740705_271I don't know what you're typing. It says deleted.
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1:09:47–1:09:49 · rev_9f9de6cc913afa3065ce86763c740705_272Oh, I can see. Oh, you're spelling Z-I-G-G-O-T. Why is that banned? But that's not how you spell it. It's Z-Y-G-O-T-E.
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1:09:51–1:09:58 · rev_9f9de6cc913afa3065ce86763c740705_273I thought you were trying to type Graham. I thought Graham was like a hate word.
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1:10:12–1:10:16 · rev_9f9de6cc913afa3065ce86763c740705_274Placental viviparity is arguably the most highly developed form of viviparity. Placental mammals, including humans, are the best-known examples. But adaptations in some other animals also have incorporated this principle or close analogies. Other examples include some species of scorpions and cockroaches, certain genera of sharks and snakes, and some species of velvet worms. Ovoviviparity, a
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1:10:21–1:10:50 · rev_9f9de6cc913afa3065ce86763c740705_275less developed form of viviparity, occurs in most vipers
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1:10:50–1:10:54 · rev_9f9de6cc913afa3065ce86763c740705_276and in most live-bearing bony fishes. However, the term is poorly and inconsistently defined and may be obsolete. This term is being redefined and more commonly referred to as oviparous egg retention or prolonged egg retention.
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1:10:56–1:11:11 · rev_9f9de6cc913afa3065ce86763c740705_277At least some transport of nutrients from mother to embryo appears to be common to all viviparous species, but those with fully developed placentas, such as found in the Theria, a subclass of mammals amongst the theriforms.
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1:11:14–1:11:30 · rev_9f9de6cc913afa3065ce86763c740705_278Theria includes the eutherians and the metatherians but excludes the egg-laying monotremes and various extinct mammals evolving prior to the common ancestor of placentals and marsupials. What's this Theria?
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1:11:33–1:11:47 · rev_9f9de6cc913afa3065ce86763c740705_279Theria is a subclass of mammals among the Therianiformes.
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1:11:50–1:11:55 · rev_9f9de6cc913afa3065ce86763c740705_280Theria includes eutherians— what are they? Panplacentalia is the clade consisting of placental mammals and all therian mammals that are more closely related to placentals than to marsupials— and the metatherians. Includes all mammals closely related to marsupials.
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1:11:57–1:12:20 · rev_9f9de6cc913afa3065ce86763c740705_281Okay.
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1:12:25–1:12:26 · rev_9f9de6cc913afa3065ce86763c740705_282The earliest known therian mammal fossil is Juramaia from China's Late Jurassic.
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1:12:46–1:12:53 · rev_9f9de6cc913afa3065ce86763c740705_283Extinct genus of therian mammal,
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1:12:55–1:12:58 · rev_9f9de6cc913afa3065ce86763c740705_284possibly a very basal eutherian mammal.
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1:13:01–1:13:05 · rev_9f9de6cc913afa3065ce86763c740705_285Known from the Late Jurassic or Early Cretaceous deposits of western Liaoning.
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1:13:11–1:13:16 · rev_9f9de6cc913afa3065ce86763c740705_286A 2022 review of the Southern Hemisphere Mesozoic mammal fossil record has argued that tribosphenic mammals arose in Southern Hemisphere during the Early Jurassic, around 50 million years prior to the clade's earliest undisputed appearance in the Northern Hemisphere.
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1:13:35–1:13:57 · rev_9f9de6cc913afa3065ce86763c740705_287Tribosphenida is a clade of mammals that includes the ancestor of Hippomylos, Agelia odontia. It belongs to the— I don't know what the fuck it's going on about. You lost me.
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1:14:03–1:14:16 · rev_9f9de6cc913afa3065ce86763c740705_288Oh God, there's too many words I don't understand.
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1:14:23–1:14:24 · rev_9f9de6cc913afa3065ce86763c740705_289Oh yeah,
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1:14:57–1:14:59 · rev_9f9de6cc913afa3065ce86763c740705_290I'm
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1:15:02–1:15:03 · rev_9f9de6cc913afa3065ce86763c740705_291sick.
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1:15:06–1:15:09 · rev_9f9de6cc913afa3065ce86763c740705_292These straps aren't going to last long, are they?
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1:15:27–1:15:29 · rev_9f9de6cc913afa3065ce86763c740705_293Powell still speaking. Yeah, another sort of philosophical question. Michael Barr spoke to the policy conference in 2024, I believe it was. Where everyone tuning in from, guys? What would your advice be to the economists in the room? In terms of how we can best serve the challenges that are facing us collectively in this moment. I would, I
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1:15:52–1:16:17 · rev_9f9de6cc913afa3065ce86763c740705_294mean, I'm inclined to say keep your heads up. Don't just earn money, take control of it. That takes TV, no matter how much you start with. Duh. You know, I think it's a distinguished profession. It's a very high-order profession, and you should be proud of your work and keep at it. You know, I mean, ultimately, We're learning
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1:16:17–1:16:35 · rev_9f9de6cc913afa3065ce86763c740705_295about how the economy works and how society works. We're— I mean, our understanding is so basic and so uncertain really still after all these years. But, you know, you got to think we're making some progress and doing some good and imposing any, you know, sort of an analytical framework around the kind of decisions people make about the
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1:16:35–1:16:55 · rev_9f9de6cc913afa3065ce86763c740705_296economy. So I just want to give you a vote of support and say keep at it. And likewise, Nick supports you.
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1:16:55–1:17:02 · rev_9f9de6cc913afa3065ce86763c740705_297What was that? All right, are we done? I think we're done. Thank you so much. Thank you. Thank you. That was a weird ending. All right, and, uh, that will conclude today's episode of Jerome Powell saying the same thing he says every single time for the 10,000th time. Jerome finished talking. I don't think from Powell— I thought
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1:17:07–1:17:34 · rev_9f9de6cc913afa3065ce86763c740705_298that it was— there's some interesting questions that were brought up. I don't think that he really revealed too much of his hand, um, in terms of, you know, what the Fed is thinking about with some of these data points that are missing. I, I just don't see this as being an overly constructive, uh, conversation that they had
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1:17:34–1:17:52 · rev_9f9de6cc913afa3065ce86763c740705_299Q&A-wise for learning anything new or out of the ordinary than what typically happens. Uh, the market is continuing to trend in the upward direction. There's a couple of things that you may have seen me scribbling on. Migrants will need A-level standard English to work in Britain. Even I don't have A-level standard English. Those thoughts and, uh, where
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1:17:52–1:18:12 · rev_9f9de6cc913afa3065ce86763c740705_300I think there's maybe some interesting opportunity before we sort of depart for the afternoon and then, uh, do whatever it is that you've got going on for the afternoon. So for me, one of the things that I find somewhat interesting— I'm just going to reset this back to— let's go to this dashboard, should be a full-screen hourly
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1:18:12–1:18:28 · rev_9f9de6cc913afa3065ce86763c740705_301chart like this. So, you know, I said what if, what if this just ends up being Tariff Tantrum 3.0, 4.0, 5.0, whatever the number is, and this just becomes, you know, we talked about it a little bit this morning, right? Big old double bottom consolidation here, right back to all-time highs, blip on the radar, right? So that's
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1:18:28–1:18:44 · rev_9f9de6cc913afa3065ce86763c740705_302one consideration. How does that continue to play out? Well, Of course, being pinned underneath the daily 20 doesn't really help, but if we can consolidate here, it builds out a structural higher low, right? And that becomes a possible idea if we could stay over— really, it's 664. So I think I would, I would go all the way
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1:18:44–1:19:01 · rev_9f9de6cc913afa3065ce86763c740705_303back to the comment that I made in the very beginning when we fired up the live stream before Jerome Powell even started talking, before we had the introductory remarks, all that good stuff. Sellers had a big chance this morning, right? Sellers had a big old chance after the washout to come in here where everyone— oh, hello, Mommy,
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1:19:01–1:19:20 · rev_9f9de6cc913afa3065ce86763c740705_304nice to see— oh, he's not here. Whoops.
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1:19:21–1:19:24 · rev_9f9de6cc913afa3065ce86763c740705_305Offer the lower high underneath Monday's low, and there was a little bit of hesitancy there, right? If we could just go back down to that 2-minute chart, you can see it. You can see the hesitancy right around in here. And if sellers were going to run away with this If we were going to see the market, I
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1:19:27–1:19:40 · rev_9f9de6cc913afa3065ce86763c740705_306don't want to say collapse and crumble, but
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1:19:40–1:19:42 · rev_9f9de6cc913afa3065ce86763c740705_307at least some transport of nutrients from mother to embryo appears to be common to all viviparous species. But those with fully developed placentas, such as found in the theria, some skinks, and some fish, can rely on the placenta for transfer of all necessary nutrients to the offspring and for the removal of all the metabolic wastes as well
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1:19:45–1:20:11 · rev_9f9de6cc913afa3065ce86763c740705_308once it has been fully established during the early phases of a pregnancy. In such species, there is direct intimate contact between maternal and embryonic tissue, though there also is a placental barrier to control or prevent uncontrolled exchange and a transfer of pathogens.
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1:20:11–1:20:33 · rev_9f9de6cc913afa3065ce86763c740705_309In at least one species of skink in the large genus Trachyphlepis, placental transport accounts for nearly all of the provisioning nutrients to the embryos before birth. In the uterus, the eggs are very small and about 1 millimeter in diameter, with very little yolk and very thin shells. The shell membrane is vestigial and transient. Its disintegration
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1:20:48–1:21:18 · rev_9f9de6cc913afa3065ce86763c740705_310permits the absorption of nutrients from uterine secretions. The embryo then produces in vitro invasive chorionic tissues that grow between the cells of the uterine lining till they can absorb nutrients from maternal blood vessels. As it penetrates the lining, the embryonic tissue grows aggressively till it forms sheets of tissue beneath the uterine epithelium.
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1:21:18–1:21:46 · rev_9f9de6cc913afa3065ce86763c740705_311They eventually strip it away and replace it to make direct contact with maternal capillaries. In several respects, the phenomenon is considerably important in theoretical zoology. Blackburn and Fleming remark that such an endotheliocorial placenta is fundamentally different from that of any known viviparous reptile.
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1:21:48–1:22:12 · rev_9f9de6cc913afa3065ce86763c740705_312Where everyone tuning in from, guys?
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1:22:14–1:22:18 · rev_9f9de6cc913afa3065ce86763c740705_313Hello, relentless boredom. Yes, this is so sad. I am being financially forced into endlessly talking, otherwise I get financially penalized.
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1:22:30–1:22:44 · rev_9f9de6cc913afa3065ce86763c740705_314Available exclusively for Streamlabs Ultra subscribers. Apply now to show off AI-powered overlays that respond to your gameplay.
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1:22:48–1:22:56 · rev_9f9de6cc913afa3065ce86763c740705_315In at least one species of skink in the large genus Trachylepis, Placental— I already read that. There is no relationship between sex-determining mechanisms and whether a species bears live young or lays eggs. Temperature-dependent sex determination, which cannot function in an aquatic environment, is seen only in terrestrial viviparous reptiles. Therefore,
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1:23:30–1:24:00 · rev_9f9de6cc913afa3065ce86763c740705_316marine viviparous species including sea snakes, and it now appears that mosasaurs, ichthyosaurs, and plesiosaurs of the Cretaceous used genotypic sex determination much as birds and mammals do. Genotypic sex determination is also found in most reptiles, including many viviparous ones such as Pseudomoya ontrecustosui, Whilst temperature-dependent
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1:24:00–1:24:30 · rev_9f9de6cc913afa3065ce86763c740705_317sex determination is found in some viviparous species such as the Montana water skink,
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1:24:30–1:24:36 · rev_9f9de6cc913afa3065ce86763c740705_318In general, viviparity and matrotrophy are believed to have evolved from an ancestral condition of oviparity and lecithic oviparity.
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1:25:00–1:25:11 · rev_9f9de6cc913afa3065ce86763c740705_319Nutrient supply through the yolk. One traditional hypothesis concerns concerning the sequence of evolutionary steps leading to viviparity is a linear model. According to such a model, provided that fertilization was internal, the egg might have been retained for progressively longer periods in the reproductive tract of the mother. Through continued generations of egg retention, viviparous leucyto-trophy may have gradually
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1:25:15–1:25:43 · rev_9f9de6cc913afa3065ce86763c740705_320developed. In other words, the entire development of the embryo, though still with nutrients provided by the yolk, occurred inside the mother's reproductive tract, after which she would give birth to the young as they hatched. The next evolutionary development would be incipient matrotrophy, in which the yolk supplies are gradually reduced and supplemented with nutrients from the mother's reproductive
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1:25:43–1:26:10 · rev_9f9de6cc913afa3065ce86763c740705_321tract. Reproductive tract.
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1:26:10–1:26:12 · rev_9f9de6cc913afa3065ce86763c740705_322In many ways, depending on the ecology and life strategy of the species, viviparity may be more strenuous and more physically and energetically taxing on the mother than oviparity. However, its numerous evolutionary origins imply that in some scenarios there must be worthwhile benefits to viviparous modes of reproduction. Selective pressures have led to its convergent evolution more than 150
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1:26:16–1:26:41 · rev_9f9de6cc913afa3065ce86763c740705_323times among the vertebrate alone. There is no one mode of reproduction that is universally superior in selective terms, but in many circumstances viviparity of various forms offers good protection from parasites and predators and permits flexibility in dealing with problems of reliability and economy in diverse circumstances. Variations on the theme in biology are enormous, ranging from
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1:26:41–1:27:11 · rev_9f9de6cc913afa3065ce86763c740705_324trophic eggs, trophic eggs, to resorption of partly developed embryos in hard times, or when they are too numerous for the mother to bring to term. But among the most profoundly advantageous features of viviparity are various forms of physiological support and protection of the embryo, such as thermoregulation and osmoregulation. Since the developing offspring remains within the mother's body,
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1:27:11–1:27:40 · rev_9f9de6cc913afa3065ce86763c740705_325she becomes in essence a walking incubator, protecting the developing young from excessive heat, cold, drought, or flood. This offers powerful options for dealing with excessive changes in climate or when migration events expose populations to unfavourable temperatures or humidities. In squamate reptiles in particular,
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1:27:41–1:28:04 · rev_9f9de6cc913afa3065ce86763c740705_326there is a correlation between high altitudes or latitudes, colder climates, and the frequency of viviparity. The idea that the tendency to favour egg retention selectively under cooler conditions arises from the thermoregulatory benefits, and it and that it consequently promotes the evolution of viviparity as an adaptation is known as the cold climate hypothesis. Where everyone tuning in from,
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1:28:07–1:28:36 · rev_9f9de6cc913afa3065ce86763c740705_327guys?
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1:28:37–1:28:37 · rev_9f9de6cc913afa3065ce86763c740705_328Hope you enjoying the stream, viewers.
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1:28:39–1:28:43 · rev_9f9de6cc913afa3065ce86763c740705_329If we're going to fall into a more meaningful time and then we get something into the end of the year. It's an idea. I don't think it's a compelling idea right now. I think that the compelling idea is to remain true to all the signals and signs we've been seeing so far, which have been that, yeah, the
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1:28:46–1:29:00 · rev_9f9de6cc913afa3065ce86763c740705_330pullback started to change things a little bit on Friday. Yes, you did. When was the last time I wet the bed? 2010, when I was 20 years old and went to Japan for the first time. I wet myself
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1:29:00–1:29:17 · rev_9f9de6cc913afa3065ce86763c740705_331myself. It was not fun.
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1:29:22–1:29:24 · rev_9f9de6cc913afa3065ce86763c740705_332Can we get another wheel cleaner stream?
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1:29:46–1:29:48 · rev_9f9de6cc913afa3065ce86763c740705_333Nah. What is caustic bases into the interior of your car? I don't know what that means.
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1:29:50–1:29:56 · rev_9f9de6cc913afa3065ce86763c740705_334No, I wasn't drinking alcohol the night before.
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1:29:59–1:30:02 · rev_9f9de6cc913afa3065ce86763c740705_335The wheel cleaner just has like a waxy finish. That's why it was smeared. There's nothing caustic about it. I don't know what you're talking about.
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1:30:15–1:30:25 · rev_9f9de6cc913afa3065ce86763c740705_336Utilities were out, Prince. It's about how low it doesn't go. The fact that we're not spending as much time as we were this morning under the zero line, another bullish indication here for the S&P 500, the NASDAQ, generally markets as a whole. All right, I think I'm going to wind it down on that note. We're not going
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1:30:30–1:30:46 · rev_9f9de6cc913afa3065ce86763c740705_337to look at Meta for our timed-out user. And once again, SPY sellers failing that opportunity. If it was going to be a big bear day, you needed to set that lower high, and it's just not happening. So have yourself an awesome afternoon, an awesome evening. Today is not Wednesday, so there will not be a midweek market.
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1:30:46–1:31:06 · rev_9f9de6cc913afa3065ce86763c740705_338What is my takeaway of the history of Ptolemies? I don't even know what that is.
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1:31:19–1:31:25 · rev_9f9de6cc913afa3065ce86763c740705_339Ingredients: sodium metasilicate phosphate, strong surfactants.
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1:31:27–1:31:33 · rev_9f9de6cc913afa3065ce86763c740705_340Well, yeah, all cleaning products have chemicals in it though.
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1:31:36–1:31:40 · rev_9f9de6cc913afa3065ce86763c740705_341I mean, they wouldn't be able to clean if they didn't have chemicals in it.
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1:31:48–1:31:51 · rev_9f9de6cc913afa3065ce86763c740705_342Ah, God.
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1:32:14–1:32:15 · rev_9f9de6cc913afa3065ce86763c740705_343It's 6:20, about 40 minutes till dinner.
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1:32:18–1:32:23 · rev_9f9de6cc913afa3065ce86763c740705_344Stream's dragging today.
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1:32:29–1:32:31 · rev_9f9de6cc913afa3065ce86763c740705_345I've got more viewers than suspenders and Gary. Haha, losers, suck it.
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1:32:52–1:32:57 · rev_9f9de6cc913afa3065ce86763c740705_346I don't even think I'm gonna be hungry at 7.
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1:33:05–1:33:07 · rev_9f9de6cc913afa3065ce86763c740705_347Might break at 7:30 then, or 8 o'clock.
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1:33:10–1:33:14 · rev_9f9de6cc913afa3065ce86763c740705_348This is— I don't think I can stream much past 11. I need to rest. This is the first day of sickness.
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1:33:17–1:33:24 · rev_9f9de6cc913afa3065ce86763c740705_349I got a pizza for dinner.
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1:33:26–1:33:28 · rev_9f9de6cc913afa3065ce86763c740705_350I really hope this is not going to be a A big sickness. It doesn't seem that way.
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1:33:33–1:33:38 · rev_9f9de6cc913afa3065ce86763c740705_351The sore throat is quite mild.
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1:33:41–1:33:43 · rev_9f9de6cc913afa3065ce86763c740705_352That's just— I think as long as I don't get a fever
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1:34:47–1:34:49 · rev_9f9de6cc913afa3065ce86763c740705_353I don't care. I mean, cough is annoying, but it's the fever and the dizziness and the aches. That's the worst bit.
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1:34:51–1:35:01 · rev_9f9de6cc913afa3065ce86763c740705_354I just— I don't want that.
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1:35:03–1:35:05 · rev_9f9de6cc913afa3065ce86763c740705_355Today's Tuesday, isn't it?
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1:35:35–1:35:37 · rev_9f9de6cc913afa3065ce86763c740705_356I wonder if the market's really done tanking. Is that it? I thought people were saying probably not the bottom yet. Every time they say that, they're wrong, aren't they?
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1:36:28–1:36:40 · rev_9f9de6cc913afa3065ce86763c740705_357If everyone's saying it, then it doesn't come true.
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1:36:42–1:36:44 · rev_9f9de6cc913afa3065ce86763c740705_358What am I in now? I'm in Gold Bitmine Immersion.
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1:37:38–1:37:44 · rev_9f9de6cc913afa3065ce86763c740705_359Um, that's it mostly. 嗯。
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1:37:47–1:38:04 · rev_9f9de6cc913afa3065ce86763c740705_360Oh, are you in gold before the drop? Yeah, I'm up 24%.
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1:38:17–1:38:21 · rev_9f9de6cc913afa3065ce86763c740705_361I've been in gold for 2 months now.
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1:38:27–1:38:31 · rev_9f9de6cc913afa3065ce86763c740705_362Hello, Ollie, where are you tuning in from tonight?
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1:39:15–1:39:20 · rev_9f9de6cc913afa3065ce86763c740705_363That's great.
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1:39:33–1:39:34 · rev_9f9de6cc913afa3065ce86763c740705_364Kick told me I have to talk to my viewers more to not violate the rules because they're a bunch of fucking morons.
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1:39:37–1:39:50 · rev_9f9de6cc913afa3065ce86763c740705_365I'm not only doing 2-hour streams, I'm just cutting the whole stream into 2-hour segments. So if I did violate something, they only dock the money from one stream. Of the whole day of streaming. Because on Friday I violated a few times and they took all my money from Friday.
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1:40:14–1:40:33 · rev_9f9de6cc913afa3065ce86763c740705_366I didn't get any of the money from Friday just because I had a couple violations. Isn't that crazy?
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1:40:36–1:40:42 · rev_9f9de6cc913afa3065ce86763c740705_367Because I was doing the Rubik's Cube and I wasn't talking for a bit because I was focusing on the Rubik's Cube.
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1:40:46–1:40:51 · rev_9f9de6cc913afa3065ce86763c740705_368It took the whole fucking day of my money.
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1:40:54–1:40:56 · rev_9f9de6cc913afa3065ce86763c740705_369Well, and they expect me not to be pissed? Fucking pricks.
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1:40:58–1:41:02 · rev_9f9de6cc913afa3065ce86763c740705_370Of course I'm gonna be pissed. What do they expect? A stupid fucking rule says you can't talk for more than, I don't know, 5 or 10 minutes. I mean, you can't not talk for more than a certain amount of time. And they say, oh, it was a static stream,
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1:41:04–1:41:21 · rev_9f9de6cc913afa3065ce86763c740705_371not enough interaction. Fuck you, fucking idiots.
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1:41:23–1:41:29 · rev_9f9de6cc913afa3065ce86763c740705_372Interact my fucking knob, bunch of fucks,
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1:41:34–1:41:38 · rev_9f9de6cc913afa3065ce86763c740705_373telling me how to stream. I know how to stream.
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1:41:41–1:41:43 · rev_9f9de6cc913afa3065ce86763c740705_374I've been streaming since 2016.
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1:41:47–1:41:50 · rev_9f9de6cc913afa3065ce86763c740705_375Stream however the fuck I want to stream, stupid fucking idiots.
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1:41:53–1:41:59 · rev_9f9de6cc913afa3065ce86763c740705_376How about you just mind your own business and let me stream how I want to stream? And if the viewers don't like it, then they can vote with their feet. Fucking morons telling me how to stream.
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1:42:21–1:42:29 · rev_9f9de6cc913afa3065ce86763c740705_377I know how to run my stream.
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1:42:43–1:42:44 · rev_9f9de6cc913afa3065ce86763c740705_378