Are flowers cheaper because of the pandemic? Whole Foods is selling pretty nice bouquets for $5-10.
Also, 10 tulips for $6.30, or 24 roses for $19.99
People keep saying “no demand for weddings” and I’m sure that’s a key part of it but lots of flowers sort of go in the background in commercial settings — restaurants, offices, hotels — and I bet that’s way down too. Also fewer occasions for people to gift flowers.
This is from the depths of the lockdown but makes directional sense even now.
Some people are saying these prices are not especially good. $5 for a presentable bouquet seems like a very good deal to me? I guess I should be buying flowers more often.
Anyway this has been an inexpensive way to feel better about spending so much time at home.
The other thing I've been buying sometimes is hydrangea blooms -- $11 for five stems -- if you get ten of them and put them in a tall vase they make a very robust ball of spring on your coffee table in the middle of winter.
For reference here’s a $5 bouquet and one that I think was $9
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Without getting into the relative *merits*, this is something the parties do a lot in campaigns — highlighting the most extreme and unappealing personalities on the other side — and I generally think it has less effect than you’d expect.
Like we heard this whole narrative about how AOC and messaging about defunding the police/bail reform was a huge problem in suburban New York. But then Biden significantly improved on Hillary’s margin and Dems gained seats in the state senate.
This is a fundamental misunderstanding, as @matt_levine explained a couple times in his newsletter last week. When the short interest grows, so necessarily does the long interest, because *two* investors are long any share that is sold short.
A higher short interest puts the short sellers at more risk, for sure, but there’s nothing special about the line where you go over 100% of the shares outstanding.
Adam wants to sell short, so he borrows a share from Bob to sell to Christine. Now Bob and Christine are both long the same share. When Bob is squeezed and has to exit his short position, maybe he buys from Christine. That still leaves Bob long.
My price target for Bitcoin has been $0 for years and obviously I've been proved wrong over and over, but I'm still right about the larger truth, which is that Bitcoin is stupid. nytimes.com/2021/01/12/tec…
"Of the existing 18.5 million Bitcoin, around 20 percent — currently worth around $140 billion — appear to be in lost or otherwise stranded wallets, according to the cryptocurrency data firm Chainalysis." lol what a cool asset class