AC

sinful_sophistry

The last 17k leg down was likely due to a 500m selloff from the Canadian spot Purpose ETF, and all this contagion news is still spreading. Genesis just revealed earlier today they took on 9 figure losses from 3AC, a week after taking to twitter to say all client funds were safu. It's a giant mess and anyone who's still trying to prop up the price is basically pushing on a string at this point.

CognizantSynapsid

3AC yes, but their strifes have been known since last week. Yes more information is coming out and it’s all bad, so likely contributing. Idk if anyone really thought an ETF would magically be approved after so many delays (some total BS). Even this thing I commented above is not breaking, having been widely reported over the past 36 or so hrs in places likes WSJ

sinful_sophistry

I think it's more due to 3AC fallout and also the Grayscale ETF application getting turned down by the SEC. Grayscale has a massive mountain of corn and can't redeem it without basically shutting down the fund. It's now trading 30% below NAV.

echo1956

Yes, but in Ontario, most of the $1 million 1-bdrm condos are horrid construction quality. Towers completed in 2017 needs engineering work by 2022, a total HVAC revamp, and a new AC for the entire tower, all within 5 years, and this excludes water floods that destroyed 100s of units or more because of lack of drains. Houses are even worse because they are made of paper (drywall and shitty quality wood). Look up the EF-2 tornado in ontario that happened last year, 71 homes were destroyed, total shit construction.

DyatAss

Bbby is doing so bad, they have to turn off their AC to save money. It’s a brick and mortar turd

BrownBear521

3AC, Celcius, Blockfi, FlexCoin who got rekted on counterparty risk, etc..take your pick. There are a few more as well.

-C20H24O3

Just woke up from a nap at work. AC running at 66 degrees.

Rainarrow

You say that, but lots of the big players which were hedge funds like 3AC went down gloriously.

Rainarrow

Suspiciously specific. 3AC?

Bluest_waters

To get rich! the guys at the top of 3AC all cashed out, I guarantee it. They are walking away with their depositers money and laughing about it. The whole thing was just a smoke screen from the get go.

PsychoComet

You think these companies that had 10billion+ AUM went under because of a few hundred million with 3AC? There were tons of other trading firms using a ton of leverage as well that were paying high annualized rates

PsychoComet

They weren't promising any returns for anything retail related. 3AC founders invested their own money. The problems came from being a counterparty with other large funds and using leverage. They literally had nothing to do with retail.

Forsaken_Breath

It's been 5 years already? So what car were you in while in prison. I assume AC or AB is always in the market for some cheap medication and stock advice.

TravisA58

My office has pretty good AC

SeP121

lol you think this is to pressure longs? dawg they said they are gonna cut AC to make up for lost profits yesterday

Idontwannapost

Lol bed bath and beyond stopped running AC in their stores to save money…. Must be great earnings coming up

Formal_Yesterday8114

"Analysts accuse Bed Bath & Beyond of turning off AC in stores to save money as sales plummet" lol what

-C20H24O3

"Analysts accuse Bed Bath & Beyond of turning off AC in stores to save money as sales plummet" # LMAOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

SnooShortcuts7911

LONDON, June 29 (Reuters) - Crypto hedge fund Three Arrows Capital (3AC) has entered liquidation, a person familiar with the matter told Reuters on Wednesday, in the latest sign of the market downturn hurting the crypto industry. Singapore-based 3AC is one of the higher profile crypto investors to have run into difficulties following the sharp sell-off in the market for digital currencies seen in recent months. Crypto broker Voyager Digital issued 3AC with a default notice on Monday after it failed to make payments on a loan of 15,250 bitcoin (approximately $324 million) and $350 million worth of USDC, a stablecoin. read more

Starmedia11

Did the 3AC liquidation story not register or just not happen yet?

runaway-vol

Nice try! I would not touch that dumpster fire with a ten foot pole. Shit balance sheet, shit revenue, turning off the AC to save cost, understaffed and broke. I can go on for days, they are not going to make it. Why don't you donate your money to the gorilla foundation instead of funneling it to thetagang.

runaway-vol

Very much so. Turning off the AC in the midst of a heat-wave speaks volumes. Balance sheet is trash, revenue declining and don't get me started on profits. This is just a stock. Not really a company anymore.

ajenn22

They started turning off the AC to save money… that should be all you need to know lol

b_fellow

Damn BBBY going to have just shut down the AC for rest of the year

wallstreetarcher

Bed bath beyond turning off AC units to save money🤡

gettendies

Was in CA for work last couple weeks. They are definitely killing AC in the hotels. Used to be sub zero now they are muggy. CA has become a Europoor.

Beneficial_Pea_9490

I just saw an article of someone accusing bed bath and beyond turning off AC to save money LOL

Sguru1

I have AC and an electric car in Southern California and have never experienced a black out 🤷🏼‍♂️

EhMapleMoose

Brownouts are becoming more common in the states. It used to be poorer black areas but now rolling brownouts may be introduced this summer to California as the grid can’t support the AC and EV charging.

AromaticFarmer

BBBY turned off the AC!?!? FUCKING BULLISH BOYS

tarsier1880

They cut AC in the stores to save money. Pro move.

Salt_master

I think you meant to say AC instead of Internet.

StuGats

My AC.TO bags just popped 6% too. It's definitely a sector bounce.

Leo_Bernard

So us smoothbrains can't buy crypto with a credit card, but 3AC can spend $200m on fucking LUNA tokens and default on a $670m loan.

genjiisterrible

Damn straight, AC blowing cold af too

Hl_IM_MR_MEESEEKS

The AC is too cold 🫣

Caughttoast

Finally got AC unit in my bedroom! Apparently my wife thinks 60 degrees is cold for a bedroom. Let’s shoot for 40!

crypt0_sports

It’s hot and people like AC

Emergency-Bicycle183

It should be pronounced 'Edison' since they run on DC and not Tesla's AC

RelativeMagician

If you’ve ever lived in Italy you would know they “have” AC units but NOONE actually uses them. As a matter of fact most Italian don’t even need electricity. Coffee is made on gas stoves via percolator, clothes are pretty much washed by hand and hung out to dry. Hell the only water that they drink is what’s needed to make expressos. Pizza is made in wood oven. Your theory is garbage.

Neat-Net1352

Supporting Inter instead now because there’s no AC in Milan

DriftDodgers

This is adorable. As a Greek-Italian with family there, let me splain. These countries have been mismanaged messes for decades. The EU has had to bail them both out since it started. What Germany is getting out of it all is beyond me. But they never crumble the way they always seem about to. The money in these countries is old money, not dependent on the economy as much as ours. Most people own their homes, there is less debt, and people live with their families into middle age. There have been headlines for years about imminent collapses that never materialize. The EU will be forced to keep bailing them out for collective dignity, and the Italians will go without AC as they always have and enjoying their pasta.

AvengerDr

Do you actually follow European news? The EU authorised a [2 trillion € recovery plan](https://ec.europa.eu/info/strategy/recovery-plan-europe_en#:~:text=The%20largest%20stimulus%20package%20ever,-The%20EU's%20long&text=A%20total%20of%20%E2%82%AC2.018,capacity%20to%20address%20unforeseen%20needs.) post-corona, even for the benefit of southern states. If absurdly this post was right and Italy defaulted, well do you think Germany or France would be unscathed? European economies are deeply intertwined, so a solution will be found otherwise they would be next.

creamcheddarchee

So that’s why they call it AC Milan

NervousTumbleweed

Muuuch different genres of rock imo. Zeppelin is Poetic, AC/DC is about emotion, arena rock, putting on a spectacle.

Trex_in_F16

That reminds me i need to fix my AC

NervousTumbleweed

Name me a band that is more raw fuck than AC/DC You can’t They are fuck turned into audio

GenocideSolution

yeah have you seen the swanky tent cities some of the homeless people have nowadays? they got their own patio, barbecue, and portable AC in prime California real estate.

AshingiiAshuaa

No AC gonna be brutal

marishtar

AC/DC was definitely not a young person band in 2012...

MogwaiInjustice

Even when the episode of 30 Rock aired AC/DC was an old band as their biggest albums were already over 30 years old.

Twister_5oh

Yep. I mean, come on, AC/DC gets *everyone* hyped up.

steveturkel

I think there’s hate because they’re crying about shit they should’ve prepared for? It’s anecdotal but I was always told that you keep 1-2 years mortgage payments on the rentals in cash. To account for things like damage, unexpected major repairs that you are legally bound to fix ASAP (water emergency, AC/heat going out, appliance failure), and tenant vacancy. So yeah there’s a lot of hate for people with the money to leverage themselves to the tits, then cry about it because they didn’t plan appropriately for normal issues a landlord may run into.

mycorona134

Came to realise, that AC⚡ DC is now more related to old people, while for the original it was ment to sympathise with cool teenagers... How time flies

evil0sheep

yeah I mean I don't even know where you would get a rheostat that's big enough to dissipate the amount of power going to an EV traction motor lol honestly if you wanted to do smoothly variable power control without semiconductors you might be able to PWM relays with vacuum tube comparators and a potentiometer as input to make an extremely clacky chopper controller for a brushed motor. or if you wanted to get fancy do like a rheostat controlling a tiny DC motor that drives a tiny 3 phase alternator to give you a low power AC signal whose frequency varies according to the rheostat then do like vacuum tube comparators to PWM relays to create the high power AC system. It would be like horribly impractical and youd probably be limited to really low motor frequencies but it would make a great YouTube video build lol. The clacking of the relays PWMing 3phase AC would probably sound dope as fuck too.

God_The_Consumer

BBBY turning off the AC to cut costs 

NPRjunkieDC

Good point(s). Install ceiling fans . Ideal temperature in Summer is AC kinda high but ceiling fans in bedrooms +family room. Your car is probably better quality

21plankton

I don’t have any more cash to invest now. If I don’t have to spend my cash on my home repairs this summer I will have some money to invest in the fall and I expect the low for the year in October at options expiration week. Funds sell (rebalance) then and re-buy in November. I have a 30 y/o house and AC, an old water heater and furnace, and older appliances, an 18 y/o car. I keep expecting something to break down. I am keeping extra cash on hand for those problems.

Fun-Sandwich1043

If you used only solar to run your house, you would not be able to run every appliance, lights, AC, etc… like you can now. Trust me the batteries won’t last. And if the entire US, ran on solar only, most homes and businesses would have to close shortly after dark. Don’t doubt me, you don’t know what you are talking about. Add in people having to charge their EV in the evenings when they get home from work and you will truly be fucked and in the dark.

farmerMac

get some AC going...

iwishthereweremoresp

My grandparents built thier house with AC in the late 60s, it wasn't universally common at the time but wasn't uncommon either. They were l/middle-class rednecks who worked factory jobs and just saved like crazy. It's not a new technology, I just looked up sales stats and they sold literally a million window units in the US all the way back in 1953

wienercat

> Who wants a house without an AC, and only 25 amps of power? To be fair, homes built in the 50s were built to not require AC to actually last. They had a different construction style that allowed for more airflow through the structure when windows or doors were left open. This creates a breeze through the house and keeps things inside feeling cooler. If you don't use AC in a modern home it will more or less rot from the inside out because it doesn't ventilate humidity very well. The construction of modern homes also is not very conducive to ventilation without AC. Look at the actual layout of old homes. It's generally a couple of straight hallways and rooms coming right off them. They aren't huge and sprawling with tons of rooms either. Also 25 amps of power was more than enough back then as they didn't have electronic everything. Building code and modern changes to how we live are due to technological advances. So asking this question "Who wants a house without an AC, and only 25 amps of power?" In the context of today is stupid. You are using an old standard and applying it to today. If that was the standard today, ask yourself, who wants a house with the standard amenities of today?

Necessary_Feeling747

If theres one thing I learned from my Dad, its that my handjobs are my moneyMaker. I usually keep my hands on the AC unit while the AC is blasting. That way my customers get a nice cooling sensation during business encounters.

mousepop321

I drive a Jeep Compass and damn, that thing has the best heater, AC, and radio I’ve ever had in a car…..

edvardmunch102

I’d agree that real estate is on a per square foot inflation adjusted basis more expensive now than the 50s. There are far more creature comforts in modern housing. I don’t think it makes up the entire difference in cost alone, but it’s a good portion of it. Put another way, most housing built in the 1950s wouldn’t meet code today, and even if it did, people wouldn’t live in it. Who wants a house without an AC, and only 25 amps of power?

ColonelSpacePirate

Where they have a shittier power grid than we do. But down forget to turn your AC down so you don’t overload the power grid.

tex8222

There were some similar houses in my neighborhood built in 1956,. Here is what you don’t see about starter housing bsck then. Houses were tiny- 3 bedrooms, each were 10x 10. 1 small bathroom. 12. X 10 eat in kitchen, no dining area. Small livingroom. Closets were 2 x 5 and didnt have wallboard inside. Heat, but no AC. No garage. Unpaved driveway, no curbs or sidewalks, unpaved gravel streets. Sewer and water provided by a utility company owned by the developer. Rates were unregulated in the early years and the utility company could charge whatever they wanted. They sold like hotcakes, hundreds were built. Over the years the town bought out the utility company. Town paved all the streets, and built curbs. Infividual owners built additions and garages and improved and upgraded their properties. Today one of these houses witha small addition, but no garage is listed for$369,000

PhoenixCaptain

Bro no shit and I actually just had ring worm and I work in hot attics/basements doing AC work so I ended up learning something

SeaworthinessNo4074

There are billions who can’t afford AC and iPhones, also washers and microwaves, eating meat or chicken daily, fruits during the winter is luxury in many parts of the world.

leightdogg

Also only reason Texas has blackouts is cause those soft cali AC boys need heat cause they're soft to the moderate Texas cold.

Indiana_Jawnz

It's worth remebering that in 1950 the average household only many 3,300 a year. The average home size was also also about 1000 square feet, which is leas than half the modern average. These homes also had fewer appliances and amenities in them. Central AC wasn't a thing.

trevor3431

No, the only way it’s true is if OP is the renter who did the renovating and is now being evicted. Every landlord knows, you do not want tenants fixing anything on their own let alone renovating a place. I don’t even let mine change the AC filters.

Lurker9605

Jesus Christ. What a miserable job dude. I sat in an AC room and lied to people to make money (sales)

surmoiFire

fking hot in Cali, call on AC. 🥵

ssh_reddit

I work from home and my AC bill was spent on FDs.

FullCopy

Maybe you could turn down the AC.

Perma_Bunned

1) Maintaining the shit out of everything we already own that would be expensive to replace. That means: * On time oil changes. *Checking tire pressure and condition * Check/change air filter/brake pads *Check oil level with dipstick weekly *Basic home AC maintenance (check/change air filters, Spray down the condenser) *Take the car through the carwash, spray down the house where it's getting dingy/mossy/dirty 2) Recreating in ways we have already paid for. For me this means: *Going to the gym *Going kayaking near home *Reading books from library or already purchased *Riding my bicycle *Walking the dog *Listening to Podcasts We don't need to go out and hit several bars/restaurants or see a movie every weekend. Similarly, we don't need cable plus 10 different streaming subscriptions. Keep the ones you actually utilize and ditch the rest. Learn to be happy with what you have. 3) Nearly eliminated going out to eat. To be honest, the prices have gotten insane, while quality and service has taken a serious hit. My wife got a shitty Chipotle bowl a few weeks back, and it was almost $20 for her meal with chips and a drink! Unless it's a special occasion, we can do better, for cheaper at home. 4) Shopping at Krogers or Sam's Club, depending on what we need. Utilizing Kroger digital.coupons. Have a meal plan for when you go to the store. Don't buy random crap. Don't go when hungry. 5) Hustling. I'm working my ass off and earning good money. The more time I spend hustling, the more money I make, and the less I spend, because I'm at work. There is a balance of course, but staying busy is keeping me from over spending, and if the work dries up, I'll be glad to have worked as hard as I did when I could. Make hay while the sun is shining, as they say.

Hypersonic_chungus

I shiver me balls off any time it’s colder than 74 in the morning but bitches always be turning the AC to like 68 or something crazy

Fausterion18

>...yet, I was able to get my AC fixed the day it broke. Ok??? And??? HVAC companies make bank. >Also, home building is diving off a cliff. If there is a shortage of tradesmen, I imagine some labourers will be filling in the gaps very soon. You have no idea what you're talking about. Home construction went from "I want to quit this industry it's fucking awful trying to get anybody to show up" to "Hurray! Only a six months delay!".

edvardmunch102

There will always be more to take. Southerners won’t survive a summer without AC, northerners won’t survive a winter without heating oil and gas. Food must be delivered, people have to drive to work. If they truly run out of money to do those things, you get societal unrest. The fed will pump the system again. Oil boom prices last longer than oil bust prices. Sideways can happen for years. XOM can turn a decent profit going sideways, but it will take some balance sheet damage competing with higher leveraged firms. Happened in 07/08, again in 14/15. Sort of happened in 19/20; will happen again in 21/23.

gizamo

...yet, I was able to get my AC fixed the day it broke. Also, home building is diving off a cliff. If there is a shortage of tradesmen, I imagine some labourers will be filling in the gaps very soon.

NoPantSuperman

Decent wage in some places but a total joke in others… it’s very hard to find a 2 br studio in San Jose for less than ~$17k per year (looking at closer to ~24k/yr if you want clean up water and AC (gets above 100 degrees frequently) which doesn’t leave much room for anything after taxes even if you’re making $20 per hour…

XHoofHeartedX

Anyone have a read on XOM, OXY, WTI (not the crude but the offshore drilling co.). It’s just down down down any help with the technicals behind this Double Deuce or any looks on light at the end of this Ramen noodle for dinner and cold shower on for AC world I now call DIAMODHOME would be very super. #XOMDOWNBUTRECORDGASPRICES

denverpilot

“Please don’t run your AC, the grid can’t handle it. Also, buy an electric car…”

Jimmy_E_16

My MIL is from the Philippines, is a CNA, and owns 4 houses completely paid off and has never taken out a mortgage or even have a credit card. She just worked a SHIT ton (I'm talking 70+ hours a week from age 20-50) and NEVER spent money on anything. Her entire house is donated furniture and she eats as cheap as humanly possible. Her AC is left at like 83 in the summer. I could never do it. Give me quality of life over 4 paid off cash houses. BUT... it can be done.

markaire

Will they follow 3AC down?👎

mlord99

after Celsius, 3AC, Solana fck up, noone will want decentralization anymore :D