rbnyc.bsky.social
rbnyc.bsky.social
@rbnyc.bsky.social
In two weeks….
December 3, 2025 at 9:27 PM
Decreases in existing home prices, yikes. Related, did the builders paying down mortgage rates add risk to the overall housing market?
December 3, 2025 at 9:22 PM
What I wrote a few days back:

bsky.app/profile/rbny...
Sir, thinking on it, don't you think the timing of Sen. Kelly's statement about refusing to undertake illegal orders, was designed to get Hegseth to respond aggressively, and then to trap him by having the double-strike information divulged? Timing is quite fortuitous, let's put it that way.
December 3, 2025 at 8:31 PM
I disagreed. If the BLS reports are being tampered with you’d hear about it from BLS employees. Don’t feed conspiracies where they don’t exist.
December 3, 2025 at 4:25 PM
Yes they matter but unilateral disarmament is not the option. And it’s long past time to increase the number of seats in the House. No reason for the count to be stuck at 435. That too would make local representation more representative.
December 3, 2025 at 4:05 PM
I don’t think prediction markets reflect anything other than “conventional wisdom” this far out from the elections. They seem to figure things out during vote counting. 🤷‍♂️
December 3, 2025 at 4:03 PM
Aside from the issues, does anyone have an idea how much this single operation, shooting four missiles at an unarmed boat, cost? Seems like a waste of money.
December 3, 2025 at 3:17 PM
The handwriting was on the wall when the stay issued. What rationale will the Court employ to side with Texas but against California? They weren't expecting a large blue state to conduct a political gerrymander so it will be awkward to rationalize but don't put it past them.
December 2, 2025 at 11:11 PM
Yes, get it. I got the two shots, felt crappy after the second, but having seen family suffer with shingles I wasn't going to chance it.
December 2, 2025 at 10:42 PM
And there are others up and down the chain of command who are also war criminals. Blowing up drug runners on boats was a war crime and blowing up people clinging to wreckage is a textbook war crime. They should all be brought to reckon.
December 2, 2025 at 10:41 PM
Small world - when I started out as a junior lawyer, one of the partners I met was Alton Peters, his son-in-law.
December 2, 2025 at 7:40 PM
She's 19 and there was an order of removal pending since 2015. She would have been 8 or 9 at the time. No doubt a hardened criminal. 🤡
December 2, 2025 at 3:50 PM
Is the price based on a per square foot basis? My understanding is new homes are being built smaller so the comparison needs to be whether existing homes are more expensive per square foot. Also, new homes are built further away from work so less desirable hence less expensive.
December 2, 2025 at 1:55 AM
Sir, thinking on it, don't you think the timing of Sen. Kelly's statement about refusing to undertake illegal orders, was designed to get Hegseth to respond aggressively, and then to trap him by having the double-strike information divulged? Timing is quite fortuitous, let's put it that way.
December 1, 2025 at 11:04 PM
I'm assuming he'll get a pardon, but I'm not sure that a pardon covers a valid request for extradition.
December 1, 2025 at 10:59 PM
What's to stop a future president from extraditing Hegseth to Venezuela?
December 1, 2025 at 8:13 PM
Yes and yikes. Still, there is an obligation not to obey clearly illegal orders. It is literally in the textbook not to fire upon enemy survivors clinging to a shipwreck. The officer knew or should have known what he was doing was illegal (and wrong). He had a duty to refuse an illegal command.
December 1, 2025 at 8:04 PM
Remco must be salivating over a 40km flat time trial. Still I would imagine that if Jonas races the Giro he would be able to make up lost time on the TT on the big climbs. This assumes Del Toro doesn't rip the whole thing apart, that he has learned from last year, and his teammates work for him.
December 1, 2025 at 5:28 PM
Fantastic!
November 30, 2025 at 1:03 PM
Because they believe their losses will be higher so they need to charge more premium to make money. They are motivated by profit obviously. same reason the direct insurers are raising rates.
November 29, 2025 at 10:47 PM
Yes and no. I just understand how it works. I typically have adverse interests to reinsurers so no I’m not interested in defending them. Rather I’d prefer to have common understanding of the industry from which opinions and conclusions can be drawn.
November 29, 2025 at 10:05 PM
The reinsurers make money by receiving a share of the policy premium from the direct insurer and investing that money thereby benefiting from the float. They obviously prefer for losses not to be larger than projected but they are there to backstop the insurance provided.
November 29, 2025 at 9:43 PM
If the insurer goes insolvent (equivalent of bankruptcy) that does not absolve the reinsurer of its obligations. They remain liable to indemnify the insurance company or its receiver for claims from policyholders. The reinsurers are not speculators.
November 29, 2025 at 9:43 PM
That isn’t how it works. Insurance companies purchase reinsurance to mitigate risk and obtain balance sheet protection. Their reinsurers are large corporations, such as Gen Re (owned by Berkshire Hathaway) and aren't speculators.
November 29, 2025 at 9:43 PM
The direct insurer factors that into its pricing but gains protection from catastrophic risk. The insurance market has worked this way for as long as there has been insurance products.
November 29, 2025 at 5:42 PM