Subject: 🚨 URGENT: Your Services Are No Longer Required (Effective Immediately)
Dear [Employee ID #45213],
Due to Congress doing absolutely nothing (again), the government is now officially out of money. 🎉
As a result:
✅ You are hereby furloughed without pay.
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Until then:
💳 Bills are still due.
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📉 Inflation is still real.
Thank you for your “service.”
– The United States Government™ 🇺🇸
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I don’t know OP but based on them being based in Dallas, it’s possible we have run in similar circles.
Here is my take:
Office is going to get depressed but repurposed.
There are many developers waiting to scoop these buildings and renovate them into residential or hospitality or a blend. Life insurance companies are throwing cash like it’s Belfort on a yacht for this kind of development.
The debt is hopefully bundled pretty well but that is where the main issue is going to lie. Whoever is holding the C rating tranches is going to be a bag holder.
Buy STWD if you want exposure to a decent tier of office mortgage debt without a ton of default downside.
Buy literally anything else right now and you’ll make more money than this stuff. Because of how it’s bundled, it’s very hard to short.
TLDR: Bundled is hard to short at a scale to make money. Put your money in something else and you’ll make more than trying to cash out on this failure. OP is right, there are just better places for cash IMO.
Just noticed NVDA finally got an "A" classification on Degiro. Used to be a B or a C up until like last week. Ah shit. My degen account now has an A, ffs.
ChatGPT: almost all practical quantum computers today require cryogenic (near-absolute-zero) temperatures to operate. That’s because the most mature qubit technologies are extremely sensitive to noise, heat, and electromagnetic interference. Here’s how it breaks down by major approach:
🔬 Mainstream Approaches (All Cryogenic)
• Superconducting qubits (IBM, Google, Rigetti):
These are circuits made from superconducting materials that only behave correctly at ~10–20 millikelvin (about −273 °C) inside a dilution refrigerator. Even tiny amounts of thermal energy would destroy their quantum states.
• Spin qubits (Intel, others):
These use the spin of electrons in silicon or similar materials. They’re more compact and scalable, but still need ~10–100 millikelvin temperatures to maintain coherence.
• Topological qubits (Microsoft’s research):
Still experimental, but also expected to operate at cryogenic temperatures if they ever work at scale.