I've been out of the game a while, #SOFR set to replace the #LIBOR.
Wow.
This actually makes some sense to me. Secured Overnight Financing Rate is recorded though the Federal Reserve. I haven't looked much into it, seems very similar to the prime rate from what I have seen as of yet.
apps.newyorkfed.org/markets/autora…
I always wondered why the London International Bank offered Rate was such a dominate index in American banking. Sometimes COFI (cost of funds index) or a few various Treasury indexes would pop up but its almost always the Liber.
For the financially illiterate, where you most commonly see these used is adjustable rate mortgages...or any instrument with an APR or APY that changes with time.
How rates adjust; You have a margin, a set number established and fixed at closing along with an index. Such as Liber, COFI, various US Treasury indexes and now SOFR I assume. These values change regularly, often daily, following whatever data the index is tied to.
When your mortgage (or whatever APR or APY instrument) is set to adjust, the value of your pre-determined index at that moment is added to your margin and you have your new rate for whatever contractual period. (usually 6 months.)
As us can probably tell, your margin is very important and lower the better if paying a rate, higher if receiving yield. Better be familiar with the trends of your index too. Sometimes you can choose, but once you do, often, that's it. Locked in.
Yeah... The political circus stench got a bit pungent. Hopefully much of donkey dung gets cleaned out this week.

Next few days would be good to step back for reasons of sanity. The monkeys are in full throttle out of their cages flinging A LOT of 💩 right now.

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More from @TomStark913

Oct 7, 2018
As most of us expected, Brett Cavanaugh was confirmed as the 114th Supreme Court Justice.

After a particularly contentious confirmation process rife with rumor, innuendo and salacious accusations: largely described “palace intrigue” in the mass market media.
The notable decline in decorum with regard to judicial nominees within the united states senate has not gone unnoticed.
The correspondents were discussing whether there was a need to fundamentally change the senate or the Judicial confirmation process at least.
Of course my reflex reaction is: NO! Often reflex reactions can be wrong.
With little doubt do we have the same idea.
The talking heads would probably want to further bastardize the senate in some shape or form.
Read 18 tweets
Oct 6, 2018
@JohnJamesMI I've written thoughts on a few of your campaign points;

🔹Healthcare
🔹Criminal Justice Reform
🔹GOP abandoned the inner cities

Healthcare 👇
Read 5 tweets
Oct 5, 2018
🤣 That's hilarious. So this clown chimes in with this snarky comment. The irony is, it is she that is the partisan hack that doesn't know what she's talking about.
I noted Holder to be first cabinet official held in contempt of congress (fact BTW)
I promptly respond, using partisan sources, her partisan sources... @nytimes and @politico to show her her error. I love when cocky idiots step to me, it's great!
Not one word in response... I mean, what do you say to that? Must have been a blow to the ego. Clearly blocking me is the answer 🤣 what a total LOSER!
Read 4 tweets
Oct 3, 2018
A concern my father expressed with the Michigan election... and he has a point.

Given it's not exclusive, however, this proposal will bring every beatnik leftist wanna be kid to the poles in droves...
I'm not knocking it... I probably support this and had a living off the care giver laws. I am watching the small guy getting run over and people that sold major wieght for years become "legitimized" taking over much of the industry here.
For example most grow stores, especially ME owned, have massive illegal grows behind them, same with dispensaries. I've watched one major player criminal after the next step into these roles because they have the cash.
Read 5 tweets
Oct 2, 2018
@JohnJamesMI rocking ya out until election day. 👍🦅🗽🇺🇸🇺🇸🇺🇸

For God & County!
However, I don't really wear ball caps anymore (good for that pic) ... Mainly the #MAGA stays on my armoire. 🇺🇸 But is on hand for special events. Procured from the Washington MI rally.
My favorite 2 flags are featured in each pic too! 🇺🇸🦅
First is my Mount Vernon flag, named because it was first flown on the flag pole of Washington's estate. Forget the day, the certificate is particularly in frame. This flag has been bannered in my home office ever since.
Read 6 tweets
Oct 1, 2018
@twitter you guys really siphoned all the fun out of your platform. @jack obsession with lopsided censorship is reaching new levels.🤐

Mere Conservative ideas; GOTTA GO! 🤬

Known, recognized terrorist organizations funding and recruitment;
meh, no biggie...🤯

This is 🐂💩!
What do I mean?
#JamesWoods #ThomasWictor #GavinMcinnes #OwenBenjamin to name just a few... Can't have them.
No no.
But this crap is perfectly fine...
I was watching a 1977 episode of 'Soap' last night, this program could not be produced today. Not because Billy Crystal's gay character was concidering a sex change, attempted suicide, then opted against the sex change... No, this scene cought my attention... 👇
Read 5 tweets

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