AB_Iphone personal page - To The Moon

AB_Iphone

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2021-09-10

Who knows

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2021-09-09

Really?

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2021-08-28

Weee

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2021-08-20

Baba go

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2021-08-19

Oh no

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2021-07-25

QE lo

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2021-07-15

Good

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2021-07-14

Go to the moon

71岁圆梦太空，理查德·布兰森这辈子没遗憾了

2021-07-02

Yeah… take a rest

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2021-06-29

Serious?runnnnnn

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2021-06-21

How much

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2021-06-15

Mmh… interesting

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2021-06-15

Mmh… interesting

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2021-06-11

2022

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2021-06-06

?

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2021-05-29

Of coz

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2021-05-27

It’s mgm studio not mgm resort

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2021-05-14

Really?

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2021-05-08

Gambate

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2021-04-16

Another EV truck?

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Go to Tiger App to see more news

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to the moon","listText":"Go to the moon","text":"Go to the moon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/145133308","repostId":"2150889655","repostType":4,"repost":{"id":"2150889655","kind":"news","weMediaInfo":{"introduction":"从科技到文化，从深度到段子，硅星人为你讲述关于硅谷的一切。","home_visible":1,"media_name":"硅星人","id":"1099700165","head_image":"https://static.tigerbbs.com/9079f33623dd4a85acd6d89c55c3c151"},"pubTimestamp":1626058574,"share":"https://ttm.financial/m/news/2150889655?lang=&edition=fundamental","pubTime":"2021-07-12 10:56","market":"us","language":"zh","title":"71岁圆梦太空，理查德·布兰森这辈子没遗憾了","url":"https://stock-news.laohu8.com/highlight/detail?id=2150889655","media":"硅星人","summary":"美国时间7月11日，已经71岁高龄的理查德·布兰森爵士终于搭乘自己旗下公司维珍银河的太空飞机圆梦太空，领先马斯克和贝索斯，成为三巨头里第一个乘坐自己太空飞船完成“太空边缘飞行”的富豪。\n布兰森太空之旅","content":"<p>美国时间7月11日，已经71岁高龄的理查德·布兰森爵士终于搭乘自己旗下公司维珍银河的太空飞机圆梦太空，领先马斯克和贝索斯，成为三巨头里第一个乘坐自己太空飞船完成“太空边缘飞行”的富豪。</p>\n<p>布兰森太空之旅的时间可以说让贝索斯非常尴尬。就在贝索斯官宣自己将在本月20日乘坐蓝色起源的太空飞船进行太空短途游后不久，布兰森在最后关头临时宣布自己将比贝索斯提前一周多，在7月11日正式进行太空边缘短途游，正面截胡了贝索斯。</p>\n<p>值得注意的是，到2022年，维珍银河 (Virgin Galactic) 就将正式启动商业太空飞行业务。准备搭乘该公司航班飞向太空的乘客队列，已经排到了“上百人”的长度。每张票高达25万美元。</p>\n<p>此前在2014年，维珍银河的 SpaceShipTwo 太空飞机（本次试飞的同款飞船）经历了一次严重事故。一名宇航员不幸殒命，另一人重伤。直到两年前，维珍银河的太空飞机才第一次成功进入太空。每错失的一分钟，每失败的一次试飞，都将显著影响这家私营航天公司的业绩，和长期的发展。</p>\n<p>创始人理查德·布兰森爵士不能等了。他决定亲自上天，向潜在的乘客和全世界证明，维珍银河已经准备好了！</p>\n<p>值得载入历史的一次飞行</p>\n<p>当地时间7月11日早上7：30左右，在美国新墨西哥州“美国太空港”，维珍银河的 VSS“团结号”(Unity 22) 太空船成功起飞，冲上80千米高度的亚轨道“太空边缘”。</p>\n<p>在总计大约一个小时的航程之后，安全返回发射场“美国太空港”——维珍银河深度投资修建和参与运营的美国首个商业太空发射场。</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa455afccc8aab3a00477f0180687470\" tg-width=\"550\" tg-height=\"216\"><span>“美国太空港” 图片来源：维珍银河官网</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b61ecb973e3660839f1425578d73687\" tg-width=\"550\" tg-height=\"296\"><span>美国太空港位于新墨西哥州沙漠之中</span></p>\n<p>当地时间早上6时许，骑着一架公路自行车，在两辆 SUV 的护送之下，布兰森于当地时间早上六时许来到了发射场。</p>\n<p>从视频中，这位动作已经有些迟缓的古稀老人对于冲上太空，有多么的兴奋。</p>\n<p>布兰森在机组里的身份是乘驾体验官，负责检视在整个航行过程中，作为乘客的体验是否满足要求（简单来说就是够不够爽，安全性等等），以及还有哪些可以改善的地方。</p>\n<p>为了这荣耀的一天，他经历了和机组其他宇航员相同标准的体能和飞行训练。没有人的生命比另一个人的更加重要。但是，老板亲自执飞这一事实，还是为这次任务赋予了关键的意义。</p>\n<p>值得一提的是，在正式出发之前，布兰森得到了一位老朋友的当面祝福。这位老朋友，不是别人，正是他的“竞争对手”：SpaceX 创始人兼 CEO 伊隆·马斯克。马斯克的出现带来了一丝“英雄相惜”的意味。</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/67f2cbd0490727ef1b4caacd6250c0c6\" tg-width=\"550\" tg-height=\"344\"><span>图片来源：布兰森的推特账号</span></p>\n<p>距离人类第一次进入太空，已经过去了半个世纪。数学、计算和工程的进步，让人类航天活动变得更加频繁，甚至达到允许私营航天公司入场的程度。但直至今天，人类航天仍然是一项非常危险的活动。马上就要迎来71岁生日的亿万富翁布兰森，决定亲自参加自己创办公司的这次关键的试飞活动，</p>\n<p>维珍银河最初希望从其它私营航天公司购买获得技术授权，最一开始找到的是已故的<a href=\"https://laohu8.com/S/MSFT\">微软</a>联合创始人保罗·艾伦 (Paul Allen) 出资开发的的 SpaceShipOne。</p>\n<p>后来，布兰森觉得自主开发更加靠谱，于是找到了 SpaceShipOne 背后的知名飞机设计专家 Burt Rutan，共同创办了一家名叫 The Spaceship Company 的飞船研发公司（后来被维珍银河全资收购）。</p>\n<p>今天布兰森搭乘的 VSS 团结号 (Unity 22) 飞船，名叫 SpaceShipTwo，继承了 SpaceShipOne 的原始设计：</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f8b352719e20b4165c8ec4e50281078d\" tg-width=\"300\" tg-height=\"375\"><span>SpaceShipOne 设计图 图片来源：SpaceShipOne</span></p>\n<p>大家可能见过航天飞机“趴”在改装过的大型客机背上的运输方式，而布兰森这次搭乘的 SpaceShipTwo VSS 团结号的起飞方式，和航天飞机的“背负式”非常像。</p>\n<p>起飞之前，飞船需要被固定在一架 Scaled Composite 公司开发的“白骑士”双体飞机的下方。起飞之后，“白骑士”带着 SpaceShipTwo 达到海拔4.6万英尺（约1.4万米）预定高度，加速到约0.5马赫，解锁、发动机点火，从而实现它自己的真正“起飞”：</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e00cbc49e26f51be56c3344a2275ce7d\" tg-width=\"550\" tg-height=\"310\"><span>VSS 团结号固定在“白骑士”下方 截图来源：NASA 直播</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/634df77de2c0da2c8a603ac1b68654e9\" tg-width=\"550\" tg-height=\"306\"><span>图片来源：维珍银河</span></p>\n<p>在下图中，我们可以看到团结号从白骑士解锁、点火的过程：</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8350ca7ce7ff57aedd9e77160ba29766\" tg-width=\"400\" tg-height=\"223\"><span>动图截取自维珍银河直播</span></p>\n<p>点火之后，团结号在一分钟的时间里，从0.5马赫加速到了2.7马赫左右的最大速度，两次突破音障。同时，机身调整姿态向上，快速穿破大气层，进入大约海拔85千米高度的“宇宙边缘”。</p>\n<p>在这短短的一分钟里，布兰森和他的机组成员，将经历从高达3.5G的加速度到零重力，这一快速转换所带来的奇妙物理体验。</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/29372d8373ec104c16ae821a3e076e1f\" tg-width=\"501\" tg-height=\"279\"><span>动图截取自维珍银河直播</span></p>\n<p>到达预定极限高度后，团结号完全展开双翼，再次调整姿态，进行了一个侧滚翻的动作，将右侧（布兰森所在的一侧）对准地面。这次票价高达25万美元的太空之旅，景色最美也就在此时此刻了。</p>\n<p><img src=\"https://static.tigerbbs.com/55d44e0c97db3db3438fc1c7c4b7c0a6\" tg-width=\"550\" tg-height=\"307\"></p>\n<p>（当然，坐在另一侧的乘客也有机会饱览地球的美景。）</p>\n<p>你可以看到，布兰森（距离镜头最近的座位）已经兴奋地打开了安全带，自由自在地漂浮于机舱中，感受零重力的美妙体验：</p>\n<p><img src=\"https://static.tigerbbs.com/874a0b9f2e6cf92c2d0fcf21d43b57e8\" tg-width=\"550\" tg-height=\"310\" referrerpolicy=\"no-referrer\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eb3ed1662ac877a6e310efc315e62a9f\" tg-width=\"500\" tg-height=\"279\"><span>动图截取自维珍银河直播</span></p>\n<p>美好的时刻总是十分短暂，太空旅行也一样。在解锁、点火的约两分钟后，团结号从最高点开始迅速下降，返回大气层。</p>\n<p>在布兰森和他的机组成员的耳机里，开始播放来自 R&amp;B 歌手 Khalid 的新歌 New Normal。为了给这次试飞全球直播活动助兴，维珍银河也请来了 Khalid 和知名深夜脱口秀主持人 Stephen Colbert。</p>\n<p><img src=\"https://static.tigerbbs.com/e8641c89de5ba749d4f30fc295a892f2\" tg-width=\"550\" tg-height=\"307\"></p>\n<p>(扣扣熊还准备了一大堆视频素材，都是过去几年请布兰森上节目，俩人互搞的片段……)</p>\n<p><img src=\"https://static.tigerbbs.com/c13321bf1bd70cd483afc1dabc5b242c\" tg-width=\"400\" tg-height=\"223\" referrerpolicy=\"no-referrer\"></p>\n<p>回到飞船上。进入大气层之后，团结号将重新收起机翼，开始滑翔降落的最后流程。这架飞船采用独特的空气动力学设计，飞行员只需要调整机身的姿态，就可以控制飞船的下降速度，甚至也可以让飞船在空中多滑翔一会，让乘客多享受一会太空旅行的“余味”。</p>\n<p><img src=\"https://static.tigerbbs.com/32653ec5557b4b637f5aa167b0f92158\" tg-width=\"550\" tg-height=\"306\" referrerpolicy=\"no-referrer\"></p>\n<p>在解锁点火后的15分18秒，团结号飞船最终安全降落停靠在“美国太空港”的跑道上，成功完成了这次跨时代的试飞任务。</p>\n<p><img src=\"https://static.tigerbbs.com/8240b0d68fe26bad35ff703134f3dad6\" tg-width=\"501\" tg-height=\"279\" referrerpolicy=\"no-referrer\"></p>\n<p>在这次关键的太空之旅开启之前，杰夫·贝索斯也吐槽过维珍银河的飞船没有超过卡曼线 (the Kármán line)，也即海拔100千米，公认的太空起点高度。</p>\n<p>不过，不管怎么说，维珍银河的这次从地面起飞，到高达海拔85千米的“太空边缘”，再回到地面的总共一个小时的美妙体验，仍然已经是目前普通人基本上仅靠财力就可以负担得起的，距离“真正”的太空旅行最近的 Next Best Thing。</p>\n<p>更别提，维珍银河这次还赶在了贝索斯的私营航天公司蓝色起源之前。</p>\n<p><b>亿万富翁的少年太空梦</b></p>\n<p>可能不少读过贝索斯创业故事的朋友都知道，贝索斯年轻的时候是个科学爱好者，大学本科一开始学的也是物理系（后来才转了计算机）。但少有人知道，其实在理查德·布兰森的种种高调之下，这位亿万富翁其实从小也有个太空梦。</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9fd91700eb1d4e603d97699e16fc3954\" tg-width=\"466\" tg-height=\"506\"><span>年轻时的布兰森 图片来源：维珍集团官网</span></p>\n<p>今年71岁的布兰森出生于英国伦敦。少年时代的他学习成绩很差。后来，在18岁这年，他就跑去创业，辗转三年，成了一家唱片行的老板。1972年，他又把唱片店变成了一家音乐厂牌，还签下了性手枪和滚石等当时颇具争议、后来的巨匠级乐队。</p>\n<p>机缘巧合，在1981年，因为去波多黎各的航班被突然取消，愤怒的布兰森自己包了一架飞机，还带上了同航班被取消的乘客。那次行程后，他盘算了一下，发现这事居然有得赚，也就因此考虑投身了民航业。</p>\n<p>1984年，布兰森正式成立了维珍航空 (Virgin Atlantic)——不是本地廉航哦，而是一家正经的洲际航空公司。布兰森的转型颇为顺利，正朝着亿万富翁稳定前进。但是在他的心底里，少年时代的火花从未熄灭。</p>\n<p>在早年的一次电视综艺节目采访当中，布兰森接听了观众打来的电话。一位观众问他：先生，您是否想要有一天能够进入太空？布兰森回答：女士，如果您有太空飞船的话，我真的非常愿意和您同行。</p>\n<p>之后，布兰森又多次转型涉足全新行业，包括电信运营商和媒体等。但少年时代的梦，他从未忘记。当年那个打电话给他的观众后来如何，已经没有人再去追问。但我们知道的是，白手起家的布兰森，已经有了资本去实现梦想。</p>\n<p>2004年9月25日，布兰森正式成立了太空旅游公司维珍银河，使命是为任何能够支付得起机票的人提供便捷且舒适的太空旅游以及配套服务。</p>\n<p>“我真心相信，太空是属于我们所有人的。在长达16年的研究、工程和测试之后，维珍银河已经站在了商业航天行业的前端，我们已经做好准备，将太空开放给全人类，让世界从此彻底改变，”</p>\n<p>“做梦让全人类都能更轻松上太空是一回事；通过一个强大的团队，集体把这个梦想变成现实，则是另一回事。”布兰森表示。</p>\n<p><img src=\"https://static.tigerbbs.com/4da061a0a56f3d11e81445f95f9825d8\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\"></p>\n<p>有趣的是，在 NASA 对本次试飞的直播活动中，一位观众留下了一句非常有趣的谐音梗：</p>\n<p>Richard Branson starts his career making records. Now he's breaking them.(理查德·布兰森靠卖唱片白手起家，如今他将要打破纪录。</p>\n<p>布兰森的故事告诉我们什么呢？</p>\n<p>勇敢地追逐梦想吧，是有机会实现的。</p>\n<p><img src=\"https://static.tigerbbs.com/6a9c134ffe2f9f14b0a88a107359130d\" tg-width=\"550\" tg-height=\"277\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>71岁圆梦太空，理查德·布兰森这辈子没遗憾了</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n71岁圆梦太空，理查德·布兰森这辈子没遗憾了\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1099700165\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/9079f33623dd4a85acd6d89c55c3c151);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">硅星人 </p>\n<p class=\"h-time\">2021-07-12 10:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>美国时间7月11日，已经71岁高龄的理查德·布兰森爵士终于搭乘自己旗下公司维珍银河的太空飞机圆梦太空，领先马斯克和贝索斯，成为三巨头里第一个乘坐自己太空飞船完成“太空边缘飞行”的富豪。</p>\n<p>布兰森太空之旅的时间可以说让贝索斯非常尴尬。就在贝索斯官宣自己将在本月20日乘坐蓝色起源的太空飞船进行太空短途游后不久，布兰森在最后关头临时宣布自己将比贝索斯提前一周多，在7月11日正式进行太空边缘短途游，正面截胡了贝索斯。</p>\n<p>值得注意的是，到2022年，维珍银河 (Virgin Galactic) 就将正式启动商业太空飞行业务。准备搭乘该公司航班飞向太空的乘客队列，已经排到了“上百人”的长度。每张票高达25万美元。</p>\n<p>此前在2014年，维珍银河的 SpaceShipTwo 太空飞机（本次试飞的同款飞船）经历了一次严重事故。一名宇航员不幸殒命，另一人重伤。直到两年前，维珍银河的太空飞机才第一次成功进入太空。每错失的一分钟，每失败的一次试飞，都将显著影响这家私营航天公司的业绩，和长期的发展。</p>\n<p>创始人理查德·布兰森爵士不能等了。他决定亲自上天，向潜在的乘客和全世界证明，维珍银河已经准备好了！</p>\n<p>值得载入历史的一次飞行</p>\n<p>当地时间7月11日早上7：30左右，在美国新墨西哥州“美国太空港”，维珍银河的 VSS“团结号”(Unity 22) 太空船成功起飞，冲上80千米高度的亚轨道“太空边缘”。</p>\n<p>在总计大约一个小时的航程之后，安全返回发射场“美国太空港”——维珍银河深度投资修建和参与运营的美国首个商业太空发射场。</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa455afccc8aab3a00477f0180687470\" tg-width=\"550\" tg-height=\"216\"><span>“美国太空港” 图片来源：维珍银河官网</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b61ecb973e3660839f1425578d73687\" tg-width=\"550\" tg-height=\"296\"><span>美国太空港位于新墨西哥州沙漠之中</span></p>\n<p>当地时间早上6时许，骑着一架公路自行车，在两辆 SUV 的护送之下，布兰森于当地时间早上六时许来到了发射场。</p>\n<p>从视频中，这位动作已经有些迟缓的古稀老人对于冲上太空，有多么的兴奋。</p>\n<p>布兰森在机组里的身份是乘驾体验官，负责检视在整个航行过程中，作为乘客的体验是否满足要求（简单来说就是够不够爽，安全性等等），以及还有哪些可以改善的地方。</p>\n<p>为了这荣耀的一天，他经历了和机组其他宇航员相同标准的体能和飞行训练。没有人的生命比另一个人的更加重要。但是，老板亲自执飞这一事实，还是为这次任务赋予了关键的意义。</p>\n<p>值得一提的是，在正式出发之前，布兰森得到了一位老朋友的当面祝福。这位老朋友，不是别人，正是他的“竞争对手”：SpaceX 创始人兼 CEO 伊隆·马斯克。马斯克的出现带来了一丝“英雄相惜”的意味。</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/67f2cbd0490727ef1b4caacd6250c0c6\" tg-width=\"550\" tg-height=\"344\"><span>图片来源：布兰森的推特账号</span></p>\n<p>距离人类第一次进入太空，已经过去了半个世纪。数学、计算和工程的进步，让人类航天活动变得更加频繁，甚至达到允许私营航天公司入场的程度。但直至今天，人类航天仍然是一项非常危险的活动。马上就要迎来71岁生日的亿万富翁布兰森，决定亲自参加自己创办公司的这次关键的试飞活动，</p>\n<p>维珍银河最初希望从其它私营航天公司购买获得技术授权，最一开始找到的是已故的<a href=\"https://laohu8.com/S/MSFT\">微软</a>联合创始人保罗·艾伦 (Paul Allen) 出资开发的的 SpaceShipOne。</p>\n<p>后来，布兰森觉得自主开发更加靠谱，于是找到了 SpaceShipOne 背后的知名飞机设计专家 Burt Rutan，共同创办了一家名叫 The Spaceship Company 的飞船研发公司（后来被维珍银河全资收购）。</p>\n<p>今天布兰森搭乘的 VSS 团结号 (Unity 22) 飞船，名叫 SpaceShipTwo，继承了 SpaceShipOne 的原始设计：</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f8b352719e20b4165c8ec4e50281078d\" tg-width=\"300\" tg-height=\"375\"><span>SpaceShipOne 设计图 图片来源：SpaceShipOne</span></p>\n<p>大家可能见过航天飞机“趴”在改装过的大型客机背上的运输方式，而布兰森这次搭乘的 SpaceShipTwo VSS 团结号的起飞方式，和航天飞机的“背负式”非常像。</p>\n<p>起飞之前，飞船需要被固定在一架 Scaled Composite 公司开发的“白骑士”双体飞机的下方。起飞之后，“白骑士”带着 SpaceShipTwo 达到海拔4.6万英尺（约1.4万米）预定高度，加速到约0.5马赫，解锁、发动机点火，从而实现它自己的真正“起飞”：</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e00cbc49e26f51be56c3344a2275ce7d\" tg-width=\"550\" tg-height=\"310\"><span>VSS 团结号固定在“白骑士”下方 截图来源：NASA 直播</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/634df77de2c0da2c8a603ac1b68654e9\" tg-width=\"550\" tg-height=\"306\"><span>图片来源：维珍银河</span></p>\n<p>在下图中，我们可以看到团结号从白骑士解锁、点火的过程：</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8350ca7ce7ff57aedd9e77160ba29766\" tg-width=\"400\" tg-height=\"223\"><span>动图截取自维珍银河直播</span></p>\n<p>点火之后，团结号在一分钟的时间里，从0.5马赫加速到了2.7马赫左右的最大速度，两次突破音障。同时，机身调整姿态向上，快速穿破大气层，进入大约海拔85千米高度的“宇宙边缘”。</p>\n<p>在这短短的一分钟里，布兰森和他的机组成员，将经历从高达3.5G的加速度到零重力，这一快速转换所带来的奇妙物理体验。</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/29372d8373ec104c16ae821a3e076e1f\" tg-width=\"501\" tg-height=\"279\"><span>动图截取自维珍银河直播</span></p>\n<p>到达预定极限高度后，团结号完全展开双翼，再次调整姿态，进行了一个侧滚翻的动作，将右侧（布兰森所在的一侧）对准地面。这次票价高达25万美元的太空之旅，景色最美也就在此时此刻了。</p>\n<p><img src=\"https://static.tigerbbs.com/55d44e0c97db3db3438fc1c7c4b7c0a6\" tg-width=\"550\" tg-height=\"307\"></p>\n<p>（当然，坐在另一侧的乘客也有机会饱览地球的美景。）</p>\n<p>你可以看到，布兰森（距离镜头最近的座位）已经兴奋地打开了安全带，自由自在地漂浮于机舱中，感受零重力的美妙体验：</p>\n<p><img src=\"https://static.tigerbbs.com/874a0b9f2e6cf92c2d0fcf21d43b57e8\" tg-width=\"550\" tg-height=\"310\" referrerpolicy=\"no-referrer\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eb3ed1662ac877a6e310efc315e62a9f\" tg-width=\"500\" tg-height=\"279\"><span>动图截取自维珍银河直播</span></p>\n<p>美好的时刻总是十分短暂，太空旅行也一样。在解锁、点火的约两分钟后，团结号从最高点开始迅速下降，返回大气层。</p>\n<p>在布兰森和他的机组成员的耳机里，开始播放来自 R&amp;B 歌手 Khalid 的新歌 New Normal。为了给这次试飞全球直播活动助兴，维珍银河也请来了 Khalid 和知名深夜脱口秀主持人 Stephen Colbert。</p>\n<p><img src=\"https://static.tigerbbs.com/e8641c89de5ba749d4f30fc295a892f2\" tg-width=\"550\" tg-height=\"307\"></p>\n<p>(扣扣熊还准备了一大堆视频素材，都是过去几年请布兰森上节目，俩人互搞的片段……)</p>\n<p><img src=\"https://static.tigerbbs.com/c13321bf1bd70cd483afc1dabc5b242c\" tg-width=\"400\" tg-height=\"223\" referrerpolicy=\"no-referrer\"></p>\n<p>回到飞船上。进入大气层之后，团结号将重新收起机翼，开始滑翔降落的最后流程。这架飞船采用独特的空气动力学设计，飞行员只需要调整机身的姿态，就可以控制飞船的下降速度，甚至也可以让飞船在空中多滑翔一会，让乘客多享受一会太空旅行的“余味”。</p>\n<p><img src=\"https://static.tigerbbs.com/32653ec5557b4b637f5aa167b0f92158\" tg-width=\"550\" tg-height=\"306\" referrerpolicy=\"no-referrer\"></p>\n<p>在解锁点火后的15分18秒，团结号飞船最终安全降落停靠在“美国太空港”的跑道上，成功完成了这次跨时代的试飞任务。</p>\n<p><img src=\"https://static.tigerbbs.com/8240b0d68fe26bad35ff703134f3dad6\" tg-width=\"501\" tg-height=\"279\" referrerpolicy=\"no-referrer\"></p>\n<p>在这次关键的太空之旅开启之前，杰夫·贝索斯也吐槽过维珍银河的飞船没有超过卡曼线 (the Kármán line)，也即海拔100千米，公认的太空起点高度。</p>\n<p>不过，不管怎么说，维珍银河的这次从地面起飞，到高达海拔85千米的“太空边缘”，再回到地面的总共一个小时的美妙体验，仍然已经是目前普通人基本上仅靠财力就可以负担得起的，距离“真正”的太空旅行最近的 Next Best Thing。</p>\n<p>更别提，维珍银河这次还赶在了贝索斯的私营航天公司蓝色起源之前。</p>\n<p><b>亿万富翁的少年太空梦</b></p>\n<p>可能不少读过贝索斯创业故事的朋友都知道，贝索斯年轻的时候是个科学爱好者，大学本科一开始学的也是物理系（后来才转了计算机）。但少有人知道，其实在理查德·布兰森的种种高调之下，这位亿万富翁其实从小也有个太空梦。</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9fd91700eb1d4e603d97699e16fc3954\" tg-width=\"466\" tg-height=\"506\"><span>年轻时的布兰森 图片来源：维珍集团官网</span></p>\n<p>今年71岁的布兰森出生于英国伦敦。少年时代的他学习成绩很差。后来，在18岁这年，他就跑去创业，辗转三年，成了一家唱片行的老板。1972年，他又把唱片店变成了一家音乐厂牌，还签下了性手枪和滚石等当时颇具争议、后来的巨匠级乐队。</p>\n<p>机缘巧合，在1981年，因为去波多黎各的航班被突然取消，愤怒的布兰森自己包了一架飞机，还带上了同航班被取消的乘客。那次行程后，他盘算了一下，发现这事居然有得赚，也就因此考虑投身了民航业。</p>\n<p>1984年，布兰森正式成立了维珍航空 (Virgin Atlantic)——不是本地廉航哦，而是一家正经的洲际航空公司。布兰森的转型颇为顺利，正朝着亿万富翁稳定前进。但是在他的心底里，少年时代的火花从未熄灭。</p>\n<p>在早年的一次电视综艺节目采访当中，布兰森接听了观众打来的电话。一位观众问他：先生，您是否想要有一天能够进入太空？布兰森回答：女士，如果您有太空飞船的话，我真的非常愿意和您同行。</p>\n<p>之后，布兰森又多次转型涉足全新行业，包括电信运营商和媒体等。但少年时代的梦，他从未忘记。当年那个打电话给他的观众后来如何，已经没有人再去追问。但我们知道的是，白手起家的布兰森，已经有了资本去实现梦想。</p>\n<p>2004年9月25日，布兰森正式成立了太空旅游公司维珍银河，使命是为任何能够支付得起机票的人提供便捷且舒适的太空旅游以及配套服务。</p>\n<p>“我真心相信，太空是属于我们所有人的。在长达16年的研究、工程和测试之后，维珍银河已经站在了商业航天行业的前端，我们已经做好准备，将太空开放给全人类，让世界从此彻底改变，”</p>\n<p>“做梦让全人类都能更轻松上太空是一回事；通过一个强大的团队，集体把这个梦想变成现实，则是另一回事。”布兰森表示。</p>\n<p><img src=\"https://static.tigerbbs.com/4da061a0a56f3d11e81445f95f9825d8\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\"></p>\n<p>有趣的是，在 NASA 对本次试飞的直播活动中，一位观众留下了一句非常有趣的谐音梗：</p>\n<p>Richard Branson starts his career making records. Now he's breaking them.(理查德·布兰森靠卖唱片白手起家，如今他将要打破纪录。</p>\n<p>布兰森的故事告诉我们什么呢？</p>\n<p>勇敢地追逐梦想吧，是有机会实现的。</p>\n<p><img src=\"https://static.tigerbbs.com/6a9c134ffe2f9f14b0a88a107359130d\" tg-width=\"550\" tg-height=\"277\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/bc2e4517393b8b5abd1efb68810f6dcf","relate_stocks":{"SPCE":"维珍银河"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2150889655","content_text":"美国时间7月11日，已经71岁高龄的理查德·布兰森爵士终于搭乘自己旗下公司维珍银河的太空飞机圆梦太空，领先马斯克和贝索斯，成为三巨头里第一个乘坐自己太空飞船完成“太空边缘飞行”的富豪。\n布兰森太空之旅的时间可以说让贝索斯非常尴尬。就在贝索斯官宣自己将在本月20日乘坐蓝色起源的太空飞船进行太空短途游后不久，布兰森在最后关头临时宣布自己将比贝索斯提前一周多，在7月11日正式进行太空边缘短途游，正面截胡了贝索斯。\n值得注意的是，到2022年，维珍银河 (Virgin Galactic) 就将正式启动商业太空飞行业务。准备搭乘该公司航班飞向太空的乘客队列，已经排到了“上百人”的长度。每张票高达25万美元。\n此前在2014年，维珍银河的 SpaceShipTwo 太空飞机（本次试飞的同款飞船）经历了一次严重事故。一名宇航员不幸殒命，另一人重伤。直到两年前，维珍银河的太空飞机才第一次成功进入太空。每错失的一分钟，每失败的一次试飞，都将显著影响这家私营航天公司的业绩，和长期的发展。\n创始人理查德·布兰森爵士不能等了。他决定亲自上天，向潜在的乘客和全世界证明，维珍银河已经准备好了！\n值得载入历史的一次飞行\n当地时间7月11日早上7：30左右，在美国新墨西哥州“美国太空港”，维珍银河的 VSS“团结号”(Unity 22) 太空船成功起飞，冲上80千米高度的亚轨道“太空边缘”。\n在总计大约一个小时的航程之后，安全返回发射场“美国太空港”——维珍银河深度投资修建和参与运营的美国首个商业太空发射场。\n“美国太空港” 图片来源：维珍银河官网\n美国太空港位于新墨西哥州沙漠之中\n当地时间早上6时许，骑着一架公路自行车，在两辆 SUV 的护送之下，布兰森于当地时间早上六时许来到了发射场。\n从视频中，这位动作已经有些迟缓的古稀老人对于冲上太空，有多么的兴奋。\n布兰森在机组里的身份是乘驾体验官，负责检视在整个航行过程中，作为乘客的体验是否满足要求（简单来说就是够不够爽，安全性等等），以及还有哪些可以改善的地方。\n为了这荣耀的一天，他经历了和机组其他宇航员相同标准的体能和飞行训练。没有人的生命比另一个人的更加重要。但是，老板亲自执飞这一事实，还是为这次任务赋予了关键的意义。\n值得一提的是，在正式出发之前，布兰森得到了一位老朋友的当面祝福。这位老朋友，不是别人，正是他的“竞争对手”：SpaceX 创始人兼 CEO 伊隆·马斯克。马斯克的出现带来了一丝“英雄相惜”的意味。\n图片来源：布兰森的推特账号\n距离人类第一次进入太空，已经过去了半个世纪。数学、计算和工程的进步，让人类航天活动变得更加频繁，甚至达到允许私营航天公司入场的程度。但直至今天，人类航天仍然是一项非常危险的活动。马上就要迎来71岁生日的亿万富翁布兰森，决定亲自参加自己创办公司的这次关键的试飞活动，\n维珍银河最初希望从其它私营航天公司购买获得技术授权，最一开始找到的是已故的微软联合创始人保罗·艾伦 (Paul Allen) 出资开发的的 SpaceShipOne。\n后来，布兰森觉得自主开发更加靠谱，于是找到了 SpaceShipOne 背后的知名飞机设计专家 Burt Rutan，共同创办了一家名叫 The Spaceship Company 的飞船研发公司（后来被维珍银河全资收购）。\n今天布兰森搭乘的 VSS 团结号 (Unity 22) 飞船，名叫 SpaceShipTwo，继承了 SpaceShipOne 的原始设计：\nSpaceShipOne 设计图 图片来源：SpaceShipOne\n大家可能见过航天飞机“趴”在改装过的大型客机背上的运输方式，而布兰森这次搭乘的 SpaceShipTwo VSS 团结号的起飞方式，和航天飞机的“背负式”非常像。\n起飞之前，飞船需要被固定在一架 Scaled Composite 公司开发的“白骑士”双体飞机的下方。起飞之后，“白骑士”带着 SpaceShipTwo 达到海拔4.6万英尺（约1.4万米）预定高度，加速到约0.5马赫，解锁、发动机点火，从而实现它自己的真正“起飞”：\nVSS 团结号固定在“白骑士”下方 截图来源：NASA 直播\n图片来源：维珍银河\n在下图中，我们可以看到团结号从白骑士解锁、点火的过程：\n动图截取自维珍银河直播\n点火之后，团结号在一分钟的时间里，从0.5马赫加速到了2.7马赫左右的最大速度，两次突破音障。同时，机身调整姿态向上，快速穿破大气层，进入大约海拔85千米高度的“宇宙边缘”。\n在这短短的一分钟里，布兰森和他的机组成员，将经历从高达3.5G的加速度到零重力，这一快速转换所带来的奇妙物理体验。\n动图截取自维珍银河直播\n到达预定极限高度后，团结号完全展开双翼，再次调整姿态，进行了一个侧滚翻的动作，将右侧（布兰森所在的一侧）对准地面。这次票价高达25万美元的太空之旅，景色最美也就在此时此刻了。\n\n（当然，坐在另一侧的乘客也有机会饱览地球的美景。）\n你可以看到，布兰森（距离镜头最近的座位）已经兴奋地打开了安全带，自由自在地漂浮于机舱中，感受零重力的美妙体验：\n\n动图截取自维珍银河直播\n美好的时刻总是十分短暂，太空旅行也一样。在解锁、点火的约两分钟后，团结号从最高点开始迅速下降，返回大气层。\n在布兰森和他的机组成员的耳机里，开始播放来自 R&B 歌手 Khalid 的新歌 New Normal。为了给这次试飞全球直播活动助兴，维珍银河也请来了 Khalid 和知名深夜脱口秀主持人 Stephen Colbert。\n\n(扣扣熊还准备了一大堆视频素材，都是过去几年请布兰森上节目，俩人互搞的片段……)\n\n回到飞船上。进入大气层之后，团结号将重新收起机翼，开始滑翔降落的最后流程。这架飞船采用独特的空气动力学设计，飞行员只需要调整机身的姿态，就可以控制飞船的下降速度，甚至也可以让飞船在空中多滑翔一会，让乘客多享受一会太空旅行的“余味”。\n\n在解锁点火后的15分18秒，团结号飞船最终安全降落停靠在“美国太空港”的跑道上，成功完成了这次跨时代的试飞任务。\n\n在这次关键的太空之旅开启之前，杰夫·贝索斯也吐槽过维珍银河的飞船没有超过卡曼线 (the Kármán line)，也即海拔100千米，公认的太空起点高度。\n不过，不管怎么说，维珍银河的这次从地面起飞，到高达海拔85千米的“太空边缘”，再回到地面的总共一个小时的美妙体验，仍然已经是目前普通人基本上仅靠财力就可以负担得起的，距离“真正”的太空旅行最近的 Next Best Thing。\n更别提，维珍银河这次还赶在了贝索斯的私营航天公司蓝色起源之前。\n亿万富翁的少年太空梦\n可能不少读过贝索斯创业故事的朋友都知道，贝索斯年轻的时候是个科学爱好者，大学本科一开始学的也是物理系（后来才转了计算机）。但少有人知道，其实在理查德·布兰森的种种高调之下，这位亿万富翁其实从小也有个太空梦。\n年轻时的布兰森 图片来源：维珍集团官网\n今年71岁的布兰森出生于英国伦敦。少年时代的他学习成绩很差。后来，在18岁这年，他就跑去创业，辗转三年，成了一家唱片行的老板。1972年，他又把唱片店变成了一家音乐厂牌，还签下了性手枪和滚石等当时颇具争议、后来的巨匠级乐队。\n机缘巧合，在1981年，因为去波多黎各的航班被突然取消，愤怒的布兰森自己包了一架飞机，还带上了同航班被取消的乘客。那次行程后，他盘算了一下，发现这事居然有得赚，也就因此考虑投身了民航业。\n1984年，布兰森正式成立了维珍航空 (Virgin Atlantic)——不是本地廉航哦，而是一家正经的洲际航空公司。布兰森的转型颇为顺利，正朝着亿万富翁稳定前进。但是在他的心底里，少年时代的火花从未熄灭。\n在早年的一次电视综艺节目采访当中，布兰森接听了观众打来的电话。一位观众问他：先生，您是否想要有一天能够进入太空？布兰森回答：女士，如果您有太空飞船的话，我真的非常愿意和您同行。\n之后，布兰森又多次转型涉足全新行业，包括电信运营商和媒体等。但少年时代的梦，他从未忘记。当年那个打电话给他的观众后来如何，已经没有人再去追问。但我们知道的是，白手起家的布兰森，已经有了资本去实现梦想。\n2004年9月25日，布兰森正式成立了太空旅游公司维珍银河，使命是为任何能够支付得起机票的人提供便捷且舒适的太空旅游以及配套服务。\n“我真心相信，太空是属于我们所有人的。在长达16年的研究、工程和测试之后，维珍银河已经站在了商业航天行业的前端，我们已经做好准备，将太空开放给全人类，让世界从此彻底改变，”\n“做梦让全人类都能更轻松上太空是一回事；通过一个强大的团队，集体把这个梦想变成现实，则是另一回事。”布兰森表示。\n\n有趣的是，在 NASA 对本次试飞的直播活动中，一位观众留下了一句非常有趣的谐音梗：\nRichard Branson starts his career making records. Now he's breaking them.(理查德·布兰森靠卖唱片白手起家，如今他将要打破纪录。\n布兰森的故事告诉我们什么呢？\n勇敢地追逐梦想吧，是有机会实现的。","news_type":1},"isVote":1,"tweetType":1,"viewCount":367,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":156722704,"gmtCreate":1625237758108,"gmtModify":1703739217264,"author":{"id":"3574395209516109","authorId":"3574395209516109","name":"AB_Iphone","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574395209516109","idStr":"3574395209516109"},"themes":[],"htmlText":"Yeah… take a rest","listText":"Yeah… take a rest","text":"Yeah… take a rest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/156722704","repostId":"1168133884","repostType":4,"isVote":1,"tweetType":1,"viewCount":408,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159458414,"gmtCreate":1624977786238,"gmtModify":1703849372685,"author":{"id":"3574395209516109","authorId":"3574395209516109","name":"AB_Iphone","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574395209516109","idStr":"3574395209516109"},"themes":[],"htmlText":"Serious?runnnnnn","listText":"Serious?runnnnnn","text":"Serious?runnnnnn","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/159458414","repostId":"2147863837","repostType":4,"isVote":1,"tweetType":1,"viewCount":540,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120076995,"gmtCreate":1624290330917,"gmtModify":1703832697079,"author":{"id":"3574395209516109","authorId":"3574395209516109","name":"AB_Iphone","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574395209516109","idStr":"3574395209516109"},"themes":[],"htmlText":"How much","listText":"How much","text":"How much","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/120076995","repostId":"1196526895","repostType":4,"isVote":1,"tweetType":1,"viewCount":441,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160926090,"gmtCreate":1623770014210,"gmtModify":1703818931269,"author":{"id":"3574395209516109","authorId":"3574395209516109","name":"AB_Iphone","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574395209516109","idStr":"3574395209516109"},"themes":[],"htmlText":"Mmh… interesting","listText":"Mmh… interesting","text":"Mmh… interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/160926090","repostId":"1149978895","repostType":4,"isVote":1,"tweetType":1,"viewCount":406,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3569028586400878","authorId":"3569028586400878","name":"Miaw","avatar":"https://static.tigerbbs.com/bd318611f16b0eb6de098c8b733c85fd","crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3569028586400878","idStr":"3569028586400878"},"content":"What they are thinking","text":"What they are thinking","html":"What they are 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[Facepalm]","text":"Mmh... [Facepalm]","html":"Mmh... 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Haha","text":"It caused MgM resort stock up too... Haha","html":"It caused MgM resort stock up too... 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The chipmaker ended 2020 on a high and expects to deliver massive growth once again this year. More importantly, investors shouldn't worry too much about the potential impact of Intel's recent announcements on AMD's fortunes just yet, as the latter has enough going for it to ward off any threat from its bigger rival.</p>\n<p>Let's see why.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/20fce0458082e183812db30c73121bac\" tg-width=\"720\" tg-height=\"387\"><span>AMD data by YCharts</span></p>\n<h2>AMD isn't going to fall behind Intel anytime soon</h2>\n<p>AMD chipped away substantially at Intel's dominance in PC central processing units (CPUs) and server processors last year. The chipmaker ended 2020 with a 21.7% share of the x86 processor market, which includes chips used in servers, laptops, and desktops, up from 15.1% at the end of the fourth quarter of 2019.</p>\n<p>However, there has been chatter of Intel being on the path of a turnaround, as it had reclaimed some of its market share from AMD in the fourth quarter of 2020 on a quarter-over-quarter basis. That chatter has only become stronger as Chipzilla reportedly looks to erase AMD's technological leadership with aggressive capacity investments.</p>\n<p>Intel recently announced a capital expenditure budget of $20 billion for 2021, a big increase over last year's $14 billion outlay, as it looks to shore up its manufacturing. The company says that the delays it faced with the 10-nanometer (nm) and 7nm chip manufacturing processes are now fixed. In fact, Intel says that its 7nm client CPUs code-named Meteor Lake are in development and will tape in the next quarter. Intel is expected to start shipping&nbsp;its 7nm PC chips to customers in 2023, while data center chips based on the platform are also expected in that year.</p>\n<p>AMD has already been selling 7nm processors for quite some time now, giving it an advantage over Intel, which fumbled its transition to the competing 10nm platform and has remained stuck on the 14nm platform for a long time now. What's more, investors need not be afraid of Intel's progress on the 7nm front, as Chipzilla's timeline for the launch of those chips hasn't changed.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1d1a80e2bc655d91abe37c8c8083b1ab\" tg-width=\"700\" tg-height=\"510\"><span>Image source: Getty Images.</span></p>\n<p>In fact, AMD can be expected to raise its game by the time Intel's 7nm chips hit the market by transitioning to the competing 5nm manufacturing node within the next couple of years. A smaller processing node will allow AMD to pack more&nbsp;transistors closer to each other, leading to improved computing performance and lower power consumption.</p>\n<p>Therefore, AMD can remain ahead of Intel once it makes the transition to a smaller 5nm process node. Chipzilla is unlikely to regain its technology lead until the launch of its own 5nm process, the timeline for which is unknown right now. As it turns out, AMD's foundry partner <b>Taiwan Semiconductor Manufacturing</b> is reportedly working to increase the production capacity of 5nm chips. That should bode well for AMD, as it is expected&nbsp;to become TSMC's second-largest customer and enjoy stronger bargaining power.</p>\n<p>Additionally, AMD can be expected to keep up the pressure on Intel in the data center space after the launch&nbsp;of its latest EPYC server processors. AMD claims that the latest EPYC 7003 processors based on the 7nm process are twice as fast as Intel's competing chips. Third-party tests conducted by <i>AnandTech</i> indicate the same.</p>\n<p>More importantly, AMD has a solid lineup of clients using the latest EPYC server processors. They include&nbsp;<b>Amazon</b>, <b>Cisco</b>, <b>Dell Technologies</b>, <b>Alphabet</b>'s Google, <b>Microsoft</b>, <b>Lenovo</b>, and <b>Tencent</b>. So it won't be surprising to see AMD log big gains in the data center market in both the short and the long run.</p>\n<h2>Buy when others are fearful</h2>\n<p>AMD stock has become cheaper thanks to the recent pullback, trading&nbsp;at 38 times trailing earnings. That's really cheap compared to last year's average trailing earnings multiple of 124, thanks to the sharp spike in the company's earnings and a lower share price. The good news is that AMD's bottom-line growth is here to stay thanks to a variety of catalysts, and it may not be long before the stock price follows suit.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7df9f57ab94b1797b8d6fa062e624a07\" tg-width=\"720\" tg-height=\"387\"><span>AMD EPS Estimates for Current Fiscal Year data by YCharts</span></p>\n<p>All of this makes AMD a growth stock worth buying right now, as it continues to remain in a solid position against Intel and has additional growth drivers in the bag.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMD Stock Has Crashed 20%: Here's Why You Should Buy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMD Stock Has Crashed 20%: Here's Why You Should Buy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-26 22:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/26/amd-stock-has-crashed-20-heres-why-you-should-buy/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Advanced Micro Devices (NASDAQ:AMD) stock hit a 52-week high in January this year, but the price for this high-flying chipmaker has pulled back over 20% since then thanks to a variety of factors such ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/26/amd-stock-has-crashed-20-heres-why-you-should-buy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司"},"source_url":"https://www.fool.com/investing/2021/03/26/amd-stock-has-crashed-20-heres-why-you-should-buy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2122472374","content_text":"Advanced Micro Devices (NASDAQ:AMD) stock hit a 52-week high in January this year, but the price for this high-flying chipmaker has pulled back over 20% since then thanks to a variety of factors such as the broader sell-off in tech stocks and rival Intel's (NASDAQ:INTC) resurgence under new leadership.\nHowever, one look at the pace of AMD's growth and its outlook for the year tells us that the recent sell-off in the stock may not be justified. The chipmaker ended 2020 on a high and expects to deliver massive growth once again this year. More importantly, investors shouldn't worry too much about the potential impact of Intel's recent announcements on AMD's fortunes just yet, as the latter has enough going for it to ward off any threat from its bigger rival.\nLet's see why.\nAMD data by YCharts\nAMD isn't going to fall behind Intel anytime soon\nAMD chipped away substantially at Intel's dominance in PC central processing units (CPUs) and server processors last year. The chipmaker ended 2020 with a 21.7% share of the x86 processor market, which includes chips used in servers, laptops, and desktops, up from 15.1% at the end of the fourth quarter of 2019.\nHowever, there has been chatter of Intel being on the path of a turnaround, as it had reclaimed some of its market share from AMD in the fourth quarter of 2020 on a quarter-over-quarter basis. That chatter has only become stronger as Chipzilla reportedly looks to erase AMD's technological leadership with aggressive capacity investments.\nIntel recently announced a capital expenditure budget of $20 billion for 2021, a big increase over last year's $14 billion outlay, as it looks to shore up its manufacturing. The company says that the delays it faced with the 10-nanometer (nm) and 7nm chip manufacturing processes are now fixed. In fact, Intel says that its 7nm client CPUs code-named Meteor Lake are in development and will tape in the next quarter. Intel is expected to start shipping its 7nm PC chips to customers in 2023, while data center chips based on the platform are also expected in that year.\nAMD has already been selling 7nm processors for quite some time now, giving it an advantage over Intel, which fumbled its transition to the competing 10nm platform and has remained stuck on the 14nm platform for a long time now. What's more, investors need not be afraid of Intel's progress on the 7nm front, as Chipzilla's timeline for the launch of those chips hasn't changed.\nImage source: Getty Images.\nIn fact, AMD can be expected to raise its game by the time Intel's 7nm chips hit the market by transitioning to the competing 5nm manufacturing node within the next couple of years. A smaller processing node will allow AMD to pack more transistors closer to each other, leading to improved computing performance and lower power consumption.\nTherefore, AMD can remain ahead of Intel once it makes the transition to a smaller 5nm process node. Chipzilla is unlikely to regain its technology lead until the launch of its own 5nm process, the timeline for which is unknown right now. As it turns out, AMD's foundry partner Taiwan Semiconductor Manufacturing is reportedly working to increase the production capacity of 5nm chips. That should bode well for AMD, as it is expected to become TSMC's second-largest customer and enjoy stronger bargaining power.\nAdditionally, AMD can be expected to keep up the pressure on Intel in the data center space after the launch of its latest EPYC server processors. AMD claims that the latest EPYC 7003 processors based on the 7nm process are twice as fast as Intel's competing chips. Third-party tests conducted by AnandTech indicate the same.\nMore importantly, AMD has a solid lineup of clients using the latest EPYC server processors. They include Amazon, Cisco, Dell Technologies, Alphabet's Google, Microsoft, Lenovo, and Tencent. So it won't be surprising to see AMD log big gains in the data center market in both the short and the long run.\nBuy when others are fearful\nAMD stock has become cheaper thanks to the recent pullback, trading at 38 times trailing earnings. That's really cheap compared to last year's average trailing earnings multiple of 124, thanks to the sharp spike in the company's earnings and a lower share price. The good news is that AMD's bottom-line growth is here to stay thanks to a variety of catalysts, and it may not be long before the stock price follows suit.\nAMD EPS Estimates for Current Fiscal Year data by YCharts\nAll of this makes AMD a growth stock worth buying right now, as it continues to remain in a solid position against Intel and has additional growth drivers in the bag.","news_type":1},"isVote":1,"tweetType":1,"viewCount":291,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3569028586400878","authorId":"3569028586400878","name":"Miaw","avatar":"https://static.tigerbbs.com/bd318611f16b0eb6de098c8b733c85fd","crmLevel":5,"crmLevelSwitch":0,"idStr":"3569028586400878","authorIdStr":"3569028586400878"},"content":"Yep... U still believe in AMD","text":"Yep... U still believe in AMD","html":"Yep... U still believe in AMD"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":174752907,"gmtCreate":1627144259409,"gmtModify":1703484779261,"author":{"id":"3574395209516109","authorId":"3574395209516109","name":"AB_Iphone","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574395209516109","authorIdStr":"3574395209516109"},"themes":[],"htmlText":"QE lo","listText":"QE lo","text":"QE lo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/174752907","repostId":"2153809933","repostType":4,"isVote":1,"tweetType":1,"viewCount":430,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160926090,"gmtCreate":1623770014210,"gmtModify":1703818931269,"author":{"id":"3574395209516109","authorId":"3574395209516109","name":"AB_Iphone","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574395209516109","authorIdStr":"3574395209516109"},"themes":[],"htmlText":"Mmh… interesting","listText":"Mmh… interesting","text":"Mmh… interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/160926090","repostId":"1149978895","repostType":4,"isVote":1,"tweetType":1,"viewCount":406,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3569028586400878","authorId":"3569028586400878","name":"Miaw","avatar":"https://static.tigerbbs.com/bd318611f16b0eb6de098c8b733c85fd","crmLevel":5,"crmLevelSwitch":0,"idStr":"3569028586400878","authorIdStr":"3569028586400878"},"content":"What they are thinking","text":"What they are thinking","html":"What they are thinking"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":134614301,"gmtCreate":1622221255703,"gmtModify":1704181868867,"author":{"id":"3574395209516109","authorId":"3574395209516109","name":"AB_Iphone","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574395209516109","authorIdStr":"3574395209516109"},"themes":[],"htmlText":"Of coz","listText":"Of coz","text":"Of coz","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/134614301","repostId":"1155283133","repostType":4,"isVote":1,"tweetType":1,"viewCount":577,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198325118,"gmtCreate":1620930592034,"gmtModify":1704350680936,"author":{"id":"3574395209516109","authorId":"3574395209516109","name":"AB_Iphone","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574395209516109","authorIdStr":"3574395209516109"},"themes":[],"htmlText":"Really?","listText":"Really?","text":"Really?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/198325118","repostId":"1162795644","repostType":4,"isVote":1,"tweetType":1,"viewCount":97,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3569028586400878","authorId":"3569028586400878","name":"Miaw","avatar":"https://static.tigerbbs.com/bd318611f16b0eb6de098c8b733c85fd","crmLevel":5,"crmLevelSwitch":0,"idStr":"3569028586400878","authorIdStr":"3569028586400878"},"content":"Hv to observe further then","text":"Hv to observe further then","html":"Hv to observe further then"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347540248,"gmtCreate":1618504054384,"gmtModify":1704712003142,"author":{"id":"3574395209516109","authorId":"3574395209516109","name":"AB_Iphone","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574395209516109","authorIdStr":"3574395209516109"},"themes":[],"htmlText":"Another EV truck?","listText":"Another EV truck?","text":"Another EV truck?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/347540248","repostId":"1118045413","repostType":4,"isVote":1,"tweetType":1,"viewCount":252,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3569028586400878","authorId":"3569028586400878","name":"Miaw","avatar":"https://static.tigerbbs.com/bd318611f16b0eb6de098c8b733c85fd","crmLevel":5,"crmLevelSwitch":0,"idStr":"3569028586400878","authorIdStr":"3569028586400878"},"content":"Mmh... [Facepalm]","text":"Mmh... [Facepalm]","html":"Mmh... [Facepalm]"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":343403218,"gmtCreate":1617741856834,"gmtModify":1704702445207,"author":{"id":"3574395209516109","authorId":"3574395209516109","name":"AB_Iphone","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574395209516109","authorIdStr":"3574395209516109"},"themes":[],"htmlText":"Try to avoid","listText":"Try to avoid","text":"Try to avoid","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/343403218","repostId":"1177008478","repostType":4,"isVote":1,"tweetType":1,"viewCount":107,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3569028586400878","authorId":"3569028586400878","name":"Miaw","avatar":"https://static.tigerbbs.com/bd318611f16b0eb6de098c8b733c85fd","crmLevel":5,"crmLevelSwitch":0,"idStr":"3569028586400878","authorIdStr":"3569028586400878"},"content":"Agree. Not my type","text":"Agree. Not my type","html":"Agree. Not my type"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359305494,"gmtCreate":1616335671318,"gmtModify":1704792971834,"author":{"id":"3574395209516109","authorId":"3574395209516109","name":"AB_Iphone","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574395209516109","authorIdStr":"3574395209516109"},"themes":[],"htmlText":"But the SLR news will post some impact too","listText":"But the SLR news will post some impact too","text":"But the SLR news will post some impact too","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/359305494","repostId":"1117450855","repostType":4,"repost":{"id":"1117450855","kind":"news","pubTimestamp":1616166767,"share":"https://ttm.financial/m/news/1117450855?lang=&edition=fundamental","pubTime":"2021-03-19 23:12","market":"us","language":"en","title":"Powell says Fed will keep supporting economy ‘for as long as it takes’","url":"https://stock-news.laohu8.com/highlight/detail?id=1117450855","media":"marketwatch","summary":"Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.Federal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” the recovery is “far from complete.”In an op-ed published in the Wall Street Journal,Powell recounted the moment last February when he realized that the coronavirus pandemic would sweep across the country.“The danger to the U.S. economy was grave. The challenge was to limit the severity and duration o","content":"<blockquote>\n <b>Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.</b>\n</blockquote>\n<p>Federal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” the recovery is “far from complete.”</p>\n<p>In an op-ed published in the Wall Street Journal,Powell recounted the moment last February when he realized that the coronavirus pandemic would sweep across the country.</p>\n<p>“The danger to the U.S. economy was grave. The challenge was to limit the severity and duration of the fallout to avoid longer-run damage,” he said.</p>\n<p>Powell and his colleagues engineered a rapid response to the crisis, based on the lesson learned from slow recovery to the Great Recession of 2008-2009 that swift action might have been better.</p>\n<p>The central bank quickly slashed its policy interest rate to zero and launched an open-ended asset purchase program known as quantitative easing.</p>\n<p>With economists penciling in strong growth for 2021 and more Americans getting vaccinated every day, financial markets are wondering how long Fed support will last.</p>\n<p>In the op-ed, Powell said the situation “is much improved.”</p>\n<p>“But the recovery is far from complete, so at the Fed we will continue to provide the economy with the support that it needs for as long as it takes,” Powell said.</p>\n<p>“I truly believe that we will emerge from this crisis stronger and better, as we have done so often before,” he said.</p>\n<p>On Wednesday, the Fed recommitted to its easy money policy stance at its latest policy meeting despite a forecast for stronger economic growth and higher inflation this year.</p>\n<p>The Fed chairman did not mention the outlook for inflation in his Friday article . Many on Wall Street are worried that the economy will overheat before the Fed pulls back its easy policy stance.</p>\n<p>Yields on the 10-year Treasury noteTMUBMUSD10Y,1.734%have risen to 1.73% this week after starting the year below 1%.</p>\n<p>Stocks were trading lower on Friday, with the Dow Jones Industrial AverageDJIA,-0.71%down 187 points in mid-morning trading.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Powell says Fed will keep supporting economy ‘for as long as it takes’</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPowell says Fed will keep supporting economy ‘for as long as it takes’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 23:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/powell-says-fed-will-keep-supporting-economy-for-as-long-as-it-takes-11616165178?mod=home-page><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.\n\nFederal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” ...</p>\n\n<a href=\"https://www.marketwatch.com/story/powell-says-fed-will-keep-supporting-economy-for-as-long-as-it-takes-11616165178?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/powell-says-fed-will-keep-supporting-economy-for-as-long-as-it-takes-11616165178?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1117450855","content_text":"Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.\n\nFederal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” the recovery is “far from complete.”\nIn an op-ed published in the Wall Street Journal,Powell recounted the moment last February when he realized that the coronavirus pandemic would sweep across the country.\n“The danger to the U.S. economy was grave. The challenge was to limit the severity and duration of the fallout to avoid longer-run damage,” he said.\nPowell and his colleagues engineered a rapid response to the crisis, based on the lesson learned from slow recovery to the Great Recession of 2008-2009 that swift action might have been better.\nThe central bank quickly slashed its policy interest rate to zero and launched an open-ended asset purchase program known as quantitative easing.\nWith economists penciling in strong growth for 2021 and more Americans getting vaccinated every day, financial markets are wondering how long Fed support will last.\nIn the op-ed, Powell said the situation “is much improved.”\n“But the recovery is far from complete, so at the Fed we will continue to provide the economy with the support that it needs for as long as it takes,” Powell said.\n“I truly believe that we will emerge from this crisis stronger and better, as we have done so often before,” he said.\nOn Wednesday, the Fed recommitted to its easy money policy stance at its latest policy meeting despite a forecast for stronger economic growth and higher inflation this year.\nThe Fed chairman did not mention the outlook for inflation in his Friday article . Many on Wall Street are worried that the economy will overheat before the Fed pulls back its easy policy stance.\nYields on the 10-year Treasury noteTMUBMUSD10Y,1.734%have risen to 1.73% this week after starting the year below 1%.\nStocks were trading lower on Friday, with the Dow Jones Industrial AverageDJIA,-0.71%down 187 points in mid-morning trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":446,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":348837002,"gmtCreate":1617905416006,"gmtModify":1704704666603,"author":{"id":"3574395209516109","authorId":"3574395209516109","name":"AB_Iphone","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574395209516109","authorIdStr":"3574395209516109"},"themes":[],"htmlText":"Serious?","listText":"Serious?","text":"Serious?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/348837002","repostId":"1190618270","repostType":4,"isVote":1,"tweetType":1,"viewCount":122,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354979540,"gmtCreate":1617123660480,"gmtModify":1704696221360,"author":{"id":"3574395209516109","authorId":"3574395209516109","name":"AB_Iphone","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574395209516109","authorIdStr":"3574395209516109"},"themes":[],"htmlText":"Why 1 day drop, next day up","listText":"Why 1 day drop, next day up","text":"Why 1 day drop, next day up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/354979540","repostId":"1146030833","repostType":4,"isVote":1,"tweetType":1,"viewCount":808,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3569028586400878","authorId":"3569028586400878","name":"Miaw","avatar":"https://static.tigerbbs.com/bd318611f16b0eb6de098c8b733c85fd","crmLevel":5,"crmLevelSwitch":0,"idStr":"3569028586400878","authorIdStr":"3569028586400878"},"content":"No clue at all... Are you playing?","text":"No clue at all... Are you playing?","html":"No clue at all... Are you playing?"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350146766,"gmtCreate":1616169613355,"gmtModify":1704791885905,"author":{"id":"3574395209516109","authorId":"3574395209516109","name":"AB_Iphone","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574395209516109","authorIdStr":"3574395209516109"},"themes":[],"htmlText":"Serious? Then is bad for bank","listText":"Serious? Then is bad for bank","text":"Serious? Then is bad for bank","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/350146766","repostId":"1199154789","repostType":4,"repost":{"id":"1199154789","kind":"news","pubTimestamp":1616164372,"share":"https://ttm.financial/m/news/1199154789?lang=&edition=fundamental","pubTime":"2021-03-19 22:32","market":"us","language":"en","title":"Fed Disappoints Market, Lets SLR Relief Expire: What Happens Next","url":"https://stock-news.laohu8.com/highlight/detail?id=1199154789","media":"zerohedge","summary":"As washinted at, and discussed in depth here,the Fed decided - under political pressure from progressive Democrats such asElizabeth Warren and Sherrod Brown- to let the temporary Supplementary Leverage Ratio  exemption expire as scheduled on March 31, the one year anniversary of the rule change.The federal bank regulatory agencies today announced that the temporary change to the supplementary leverage ratio, or SLR, for depository institutions issued on May 15, 2020, will expire as scheduled on ","content":"<p>As washinted at, and discussed in depth here,the Fed decided - under political pressure from progressive Democrats such asElizabeth Warren and Sherrod Brown- to let the temporary Supplementary Leverage Ratio (SLR) exemption expire as scheduled on March 31, the one year anniversary of the rule change.</p><blockquote>The federal bank regulatory agencies today announced that the temporary change to the supplementary leverage ratio, or SLR, for depository institutions issued on May 15, 2020, will expire as scheduled on March 31, 2021.The temporary change was made to provide flexibility for depository institutions to provide credit to households and businesses in light of the COVID-19 event.</blockquote><p><img src=\"https://static.tigerbbs.com/b822960da59d651f093b5113cd0c3fd0\" tg-width=\"500\" tg-height=\"319\" referrerpolicy=\"no-referrer\">This outcome is theone (again) correctly predictedby former NY Fed guru Zoltan Pozsar who following the FOMC said that \"the fact that the Fed made this adjustment practically preemptively – the o/n RRP facility is not being used at the moment, so there are no capacity constraints yet, while repo and bill yields aren’t trading negative yet –<b>suggests that the Fed is “foaming the runway” for the end of SLR exemption</b>.\"</p><p>Knowing well this would be a very hot button issue for the market, the Fed published thefollowing statementto ease trader nerves, noting that while the SLR special treatment will expire on March 31, the Fed is \"inviting public comment on several potential SLR modifications\" and furthermore, \"<b>Board may need to address the current design and calibration of the SLR over time to prevent strains from developing that could both constrain economic growth and undermine financial stability</b>\" - in short, if yields spike, the Fed will re-introduce the SLR without delay:</p><blockquote>The Federal Reserve Board on Friday announced that the temporary change to its supplementary leverage ratio, or SLR, for bank holding companies will expire as scheduled on March 31. <b>Additionally, the Board will shortly seek comment on measures to adjust the SLR. The Board will take appropriate actions to assure that any changes to the SLR do not erode the overall strength of bank capital requirements.</b>To ease strains in the Treasury market resulting from the COVID-19 pandemic and to promote lending to households and businesses, the Board temporarily modified the SLR last year to exclude U.S. Treasury securities and central bank reserves. Since that time, the Treasury market has stabilized. <b>However, because of recent growth in the supply of central bank reserves and the issuance of Treasury securities, the Board may need to address the current design and calibration of the SLR over time to prevent strains from developing that could both constrain economic growth and undermine financial stability.To ensure that the SLR—which was established in 2014 as an additional capital requirement—remains effective in an environment of higher reserves, the Board will soon be inviting public comment on several potential SLR modifications.</b>The proposal and comments will contribute to ongoing discussions with the Department of the Treasury and other regulators on future work to ensure the resiliency of the Treasury market.</blockquote><p>The Fed's soothing wods notwithstanding,<b>having been primed for a favorable outcome, the Fed's disappointing announcement was hardly the news traders were hoping for and stocks tumbled...</b></p><p><img src=\"https://static.tigerbbs.com/c341c3843a5031cd1599c2c89e198050\" tg-width=\"500\" tg-height=\"305\" referrerpolicy=\"no-referrer\">Bond yields spiked...</p><p><img src=\"https://static.tigerbbs.com/14173c1ce587fb45efe4c30ecc1dfbab\" tg-width=\"500\" tg-height=\"284\" referrerpolicy=\"no-referrer\">... while the stock of JPM, which is the most exposed bank to SLR relief (as noted yesterday in \"Facing Up To JP Morgan's Leverage Relief Threats\")...</p><p><img src=\"https://static.tigerbbs.com/32811183fba3dbddf1c440836298c7f3\" tg-width=\"500\" tg-height=\"602\" referrerpolicy=\"no-referrer\">.... slumped.</p><p><img src=\"https://static.tigerbbs.com/2fba41463f15e79d2b8436cdd6a526fc\" tg-width=\"500\" tg-height=\"306\" referrerpolicy=\"no-referrer\">In case you've been living under a rock, here's why you should care about the SLR decision: First, for those whomissed our primer on the issue, some background from JPM (ironically the one bank that has the most to lose from the Fed's decision) the bottom line is that without SLR relief,<b>banks may have to delever, raise new capital, halt buybacks, sell preferred stock, turn down deposits and generally push back on reserves (not necessarily all of these, and not in that order) just as the Fed is injecting hundreds of billions of reserves into the market as the Treasury depletes its TGA account.</b></p><blockquote>The massive expansion of the Fed’s balance that has occurred implied an equally massive growth in bank reserves held at Federal Reserve banks. <b>The expiration of the regulatory relief would add ~$2.1tn of leverage exposure across the 8 GSIBs. As well, TGA reduction and continued QE could add another ~$2.35tn of deposits to the system during 2021.</b></blockquote><p><img src=\"https://static.tigerbbs.com/392342c2f3e1dd008b2276172a9b3ecf\" tg-width=\"500\" tg-height=\"253\" referrerpolicy=\"no-referrer\">While the expiry of the carve-out on March 31 would not have an immediate impact on GSIBs, the continued increase in leverage assets throughout the course of the year would increase long-term debt (LTD) and preferred requirements. Here, JPM takes an optimistic view and writes that<b>\"even the “worst” case issuance scenario as very manageable, with LTD needs of $35bn for TLAC requirements and preferred needs of $15-$20bn to maintain the industry-wide SLR at 5.6%.</b></p><p>The constraint is greater at the bank entity, where the capacity to grow leverage exposure to be ~$765bn at 6.2% SLR.\"Goldman's take was more troubling: the bank estimated that under the continued QE regime, there would be a shortfall of some $2 trillion in reserve capacity, mainly in the form of deposits which the banks would be unable to accept as part of ongoing QE (much more in Goldman'sfull take of the SLR quandary).</p><p><b>So what happens next?</b></p><p>Addressing this topic, yesterday Curvature's Scott Skyrm wrote that \"<i>the largest banks are enjoying much larger balance sheets, but there are political factors in Washington that are against an extension of the exemption.... Here are a couple of scenarios and their implications on the Repo market</i>:</p><blockquote>The exemption is extended 3 months or 6 months - No impact on the Repo market. It's already fully priced-in.The exemption is continued for reserves, but ended for Treasurys. <b>Since large banks are the largest cash providers in the Repo market, less cash is intermediated into the market and Repo rates rise. Volatility increases as Repo assets move from the largest banks to the other Repo market participants.The exemption is ended for both reserves and Treasurys. Same as above.</b></blockquote><p>In other words, Skyrm has a relatively downbeat view, warning that \"since large banks are the largest cash providers in the Repo market, less cash is intermediated into the market and Repo rates rise.\" Additionally, volatility is likely to increase as repo assets move from the largest banks to the other Repo market participants...</p><p>Perhaps a bit too draconian? Well, last week, JPMorgan laid out 5 scenarios for SLR, of which two predicted the end of SLR relief on March 31, as follow:</p><blockquote><u><b>3. Relief ends March 31, banks fully raise capital</b></u> <b>Impact on BanksRatesFront-End Rates</b> <u><b>4. Relief ends March 31, banks raise capital &amp; de-lever</b></u> <b>Impact on BanksRatesFront-End Rates</b></blockquote><p>Going back to Zoltan, let's recallthat the repo gurualso cautioned that \"ending the exemption of reserves and Treasuries from the calculation of the SLR may mean that U.S. banks will turn away deposits and reserves on the margin (not Treasuries) to leave more room for market-making activities,<b>and these flows will swell further money funds’ inflows coming from TGA drawdowns.</b>\"</p><p>More importantly, Zoltan does not expect broad chaos in repo or broader markets, and instead provides a more benign view on the negligible impact the SLR has had (and will be if it is eliminated), as he explained in a note from Tuesday.</p><p><img src=\"https://static.tigerbbs.com/caeeb2b1290e084832f29d61cea6a90b\" tg-width=\"500\" tg-height=\"534\" referrerpolicy=\"no-referrer\">How to determine if Zoltan's benign view is correct? He concluded his note by writing that \"given that our call for a zero-to-negative FRA-OIS spread by the end of June was predicated on the end of SLR extension and an assumption that the Fed will try to fix a quantity problem with prices, not quantities, today’s adjustments mean that FRA-OIS won’t trade all the way down to zero or negative territory.\"</p><blockquote>FRA-OIS from here will be a function of how tight FX swaps will trade relative to OIS, but Treasury bills trading at deeply sub-zero rates is no longer a risk...</blockquote><p>While Bills have occasionally dipped into the negative territory on occasion, so far they have avoided a fullblown plunge into NIRP, which may be just the positive sign the market is waiting for to ease the nerves associated with the sudden and largely unexpected end of the SLR exemption.</p><p>* *&nbsp; *</p><p>Finally, for those curious what the immediate market impact will be, NatWest strategist Blake Gwinn writes that the Fed announcement that they’re letting regulatory exemptions for banks expire at the end of the month \"really threads the needle and \"assuages concerns about the potential long-term impact on the markets\" as<b>the SLR \"ends it but defuses a lot of the knee-jerk market reaction” by pledging to address the current design and calibration of the supplementary leverage ratio to prevent strains from developing</b>.</p><p>“I was never worried about a day-one bank puke of Treasuries or drawdown in repo or anything like that on no renewal,” Gwinn said. “My concern was the longer run,” like as reserves continue to rise, would the SLR “become a nuisance and drag on Treasuries and spreads” Gwinn concludes that with the statement, the Fed is<b>\"really speaking to those fears and basically saying, ‘don’t worry, we are on it’.”</b></p><p>Well, with yields spiking to HOD in early quad-witch trading, the market sure seems quite skeptical that the Fed is on anything.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed Disappoints Market, Lets SLR Relief Expire: What Happens Next</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Disappoints Market, Lets SLR Relief Expire: What Happens Next\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 22:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/stocks-bopnds-tank-after-fed-lets-slr-relief-expire><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>As washinted at, and discussed in depth here,the Fed decided - under political pressure from progressive Democrats such asElizabeth Warren and Sherrod Brown- to let the temporary Supplementary ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/stocks-bopnds-tank-after-fed-lets-slr-relief-expire\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/stocks-bopnds-tank-after-fed-lets-slr-relief-expire","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199154789","content_text":"As washinted at, and discussed in depth here,the Fed decided - under political pressure from progressive Democrats such asElizabeth Warren and Sherrod Brown- to let the temporary Supplementary Leverage Ratio (SLR) exemption expire as scheduled on March 31, the one year anniversary of the rule change.The federal bank regulatory agencies today announced that the temporary change to the supplementary leverage ratio, or SLR, for depository institutions issued on May 15, 2020, will expire as scheduled on March 31, 2021.The temporary change was made to provide flexibility for depository institutions to provide credit to households and businesses in light of the COVID-19 event.This outcome is theone (again) correctly predictedby former NY Fed guru Zoltan Pozsar who following the FOMC said that \"the fact that the Fed made this adjustment practically preemptively – the o/n RRP facility is not being used at the moment, so there are no capacity constraints yet, while repo and bill yields aren’t trading negative yet –suggests that the Fed is “foaming the runway” for the end of SLR exemption.\"Knowing well this would be a very hot button issue for the market, the Fed published thefollowing statementto ease trader nerves, noting that while the SLR special treatment will expire on March 31, the Fed is \"inviting public comment on several potential SLR modifications\" and furthermore, \"Board may need to address the current design and calibration of the SLR over time to prevent strains from developing that could both constrain economic growth and undermine financial stability\" - in short, if yields spike, the Fed will re-introduce the SLR without delay:The Federal Reserve Board on Friday announced that the temporary change to its supplementary leverage ratio, or SLR, for bank holding companies will expire as scheduled on March 31. Additionally, the Board will shortly seek comment on measures to adjust the SLR. The Board will take appropriate actions to assure that any changes to the SLR do not erode the overall strength of bank capital requirements.To ease strains in the Treasury market resulting from the COVID-19 pandemic and to promote lending to households and businesses, the Board temporarily modified the SLR last year to exclude U.S. Treasury securities and central bank reserves. Since that time, the Treasury market has stabilized. However, because of recent growth in the supply of central bank reserves and the issuance of Treasury securities, the Board may need to address the current design and calibration of the SLR over time to prevent strains from developing that could both constrain economic growth and undermine financial stability.To ensure that the SLR—which was established in 2014 as an additional capital requirement—remains effective in an environment of higher reserves, the Board will soon be inviting public comment on several potential SLR modifications.The proposal and comments will contribute to ongoing discussions with the Department of the Treasury and other regulators on future work to ensure the resiliency of the Treasury market.The Fed's soothing wods notwithstanding,having been primed for a favorable outcome, the Fed's disappointing announcement was hardly the news traders were hoping for and stocks tumbled...Bond yields spiked...... while the stock of JPM, which is the most exposed bank to SLR relief (as noted yesterday in \"Facing Up To JP Morgan's Leverage Relief Threats\")....... slumped.In case you've been living under a rock, here's why you should care about the SLR decision: First, for those whomissed our primer on the issue, some background from JPM (ironically the one bank that has the most to lose from the Fed's decision) the bottom line is that without SLR relief,banks may have to delever, raise new capital, halt buybacks, sell preferred stock, turn down deposits and generally push back on reserves (not necessarily all of these, and not in that order) just as the Fed is injecting hundreds of billions of reserves into the market as the Treasury depletes its TGA account.The massive expansion of the Fed’s balance that has occurred implied an equally massive growth in bank reserves held at Federal Reserve banks. The expiration of the regulatory relief would add ~$2.1tn of leverage exposure across the 8 GSIBs. As well, TGA reduction and continued QE could add another ~$2.35tn of deposits to the system during 2021.While the expiry of the carve-out on March 31 would not have an immediate impact on GSIBs, the continued increase in leverage assets throughout the course of the year would increase long-term debt (LTD) and preferred requirements. Here, JPM takes an optimistic view and writes that\"even the “worst” case issuance scenario as very manageable, with LTD needs of $35bn for TLAC requirements and preferred needs of $15-$20bn to maintain the industry-wide SLR at 5.6%.The constraint is greater at the bank entity, where the capacity to grow leverage exposure to be ~$765bn at 6.2% SLR.\"Goldman's take was more troubling: the bank estimated that under the continued QE regime, there would be a shortfall of some $2 trillion in reserve capacity, mainly in the form of deposits which the banks would be unable to accept as part of ongoing QE (much more in Goldman'sfull take of the SLR quandary).So what happens next?Addressing this topic, yesterday Curvature's Scott Skyrm wrote that \"the largest banks are enjoying much larger balance sheets, but there are political factors in Washington that are against an extension of the exemption.... Here are a couple of scenarios and their implications on the Repo market:The exemption is extended 3 months or 6 months - No impact on the Repo market. It's already fully priced-in.The exemption is continued for reserves, but ended for Treasurys. Since large banks are the largest cash providers in the Repo market, less cash is intermediated into the market and Repo rates rise. Volatility increases as Repo assets move from the largest banks to the other Repo market participants.The exemption is ended for both reserves and Treasurys. Same as above.In other words, Skyrm has a relatively downbeat view, warning that \"since large banks are the largest cash providers in the Repo market, less cash is intermediated into the market and Repo rates rise.\" Additionally, volatility is likely to increase as repo assets move from the largest banks to the other Repo market participants...Perhaps a bit too draconian? Well, last week, JPMorgan laid out 5 scenarios for SLR, of which two predicted the end of SLR relief on March 31, as follow:3. Relief ends March 31, banks fully raise capital Impact on BanksRatesFront-End Rates 4. Relief ends March 31, banks raise capital & de-lever Impact on BanksRatesFront-End RatesGoing back to Zoltan, let's recallthat the repo gurualso cautioned that \"ending the exemption of reserves and Treasuries from the calculation of the SLR may mean that U.S. banks will turn away deposits and reserves on the margin (not Treasuries) to leave more room for market-making activities,and these flows will swell further money funds’ inflows coming from TGA drawdowns.\"More importantly, Zoltan does not expect broad chaos in repo or broader markets, and instead provides a more benign view on the negligible impact the SLR has had (and will be if it is eliminated), as he explained in a note from Tuesday.How to determine if Zoltan's benign view is correct? He concluded his note by writing that \"given that our call for a zero-to-negative FRA-OIS spread by the end of June was predicated on the end of SLR extension and an assumption that the Fed will try to fix a quantity problem with prices, not quantities, today’s adjustments mean that FRA-OIS won’t trade all the way down to zero or negative territory.\"FRA-OIS from here will be a function of how tight FX swaps will trade relative to OIS, but Treasury bills trading at deeply sub-zero rates is no longer a risk...While Bills have occasionally dipped into the negative territory on occasion, so far they have avoided a fullblown plunge into NIRP, which may be just the positive sign the market is waiting for to ease the nerves associated with the sudden and largely unexpected end of the SLR exemption.* *  *Finally, for those curious what the immediate market impact will be, NatWest strategist Blake Gwinn writes that the Fed announcement that they’re letting regulatory exemptions for banks expire at the end of the month \"really threads the needle and \"assuages concerns about the potential long-term impact on the markets\" asthe SLR \"ends it but defuses a lot of the knee-jerk market reaction” by pledging to address the current design and calibration of the supplementary leverage ratio to prevent strains from developing.“I was never worried about a day-one bank puke of Treasuries or drawdown in repo or anything like that on no renewal,” Gwinn said. “My concern was the longer run,” like as reserves continue to rise, would the SLR “become a nuisance and drag on Treasuries and spreads” Gwinn concludes that with the statement, the Fed is\"really speaking to those fears and basically saying, ‘don’t worry, we are on it’.”Well, with yields spiking to HOD in early quad-witch trading, the market sure seems quite skeptical that the Fed is on anything.","news_type":1},"isVote":1,"tweetType":1,"viewCount":144,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3569028586400878","authorId":"3569028586400878","name":"Miaw","avatar":"https://static.tigerbbs.com/bd318611f16b0eb6de098c8b733c85fd","crmLevel":5,"crmLevelSwitch":0,"idStr":"3569028586400878","authorIdStr":"3569028586400878"},"content":"That's y today xlf sector drop","text":"That's y today xlf sector drop","html":"That's y today xlf sector drop"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":883388378,"gmtCreate":1631202362594,"gmtModify":1676530496386,"author":{"id":"3574395209516109","authorId":"3574395209516109","name":"AB_Iphone","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574395209516109","authorIdStr":"3574395209516109"},"themes":[],"htmlText":"Really?","listText":"Really?","text":"Really?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/883388378","repostId":"1173243012","repostType":4,"isVote":1,"tweetType":1,"viewCount":754,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":836117280,"gmtCreate":1629464653540,"gmtModify":1676530049408,"author":{"id":"3574395209516109","authorId":"3574395209516109","name":"AB_Iphone","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574395209516109","authorIdStr":"3574395209516109"},"themes":[],"htmlText":"Baba go","listText":"Baba go","text":"Baba go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/836117280","repostId":"1114951642","repostType":4,"isVote":1,"tweetType":1,"viewCount":412,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}