dennisgorelik: 2020-06-13 in my home office (Default)
In the last few days stock market panicked about potential invasion of Russia to Ukraine.
I decided to find out who is spreading this panic.
I found that the primary source of the panic is Jake Sullivan.
He was born in 1976-11-28, so Jake Sullivan is half a year younger than me and about the same age as Putin was when he became the head of the Federal Security Service.
https://en.wikipedia.org/wiki/Jake_Sullivan#Biden_administration
On November 22, 2020, Sullivan was announced as President-elect Joe Biden's choice to be National Security Advisor.
Jake Sullivan serves as a National Security Advisor for 1.5 years already.
https://www.usatoday.com/story/opinion/2021/08/16/afghanistan-disaster-why-bidens-foreign-policy-team-failed-america/8145997002/
Biden wanted out of Afghanistan. It was on Sullivan to figure out how to achieve the president’s goal while ensuring we avoided potential pitfalls and problems. That’s clearly not what happened.
This is what Jake Sullivan said about potential Russian invasion to Ukraine:
https://en.wikipedia.org/wiki/Jake_Sullivan#Biden_administration
On December 7, 2021, Sullivan warned that Russia's Nord Stream 2 natural gas pipeline project will end in the event of Russian invasion of Ukraine.[39]

On January 14, 2022, Sullivan accused Russia of sending saboteurs into Ukraine to stage "a false-flag operation" that would create a pretext for Russia to invade Ukraine.[40] Russian Foreign Minister Sergey Lavrov dismissed the U.S. claim as "total disinformation."[41]

On February 11, 2022, Sullivan publicly warned about the likelihood of a Russian invasion of Ukraine prior to the end the 2022 Winter Olympics, urging all Americans to leave Ukraine immediately and indicating that there may be "no prospect of a U.S. military evacuation" once the invasion commences.[42] He claimed that "Russia has all the forces it needs to conduct a major military action."[43] Ukrainian President Volodymyr Zelensky said that warnings of an imminent Russian invasion are "causing panic and not helping" and asked for firm proof that Russia plans to invade Ukraine.[44]

Jake Sullivan claims remind me claims of Bush W crew about "weapons of mass destruction" in Iraq in 2002-2003. Somebody else was connecting the same dots:
https://www.npr.org/2022/02/11/1080164367/russia-ukraine-invasion-olympics-sullivan?t=1644670750017
Asked about past U.S. intelligence estimates that were proved wrong, including in the runup to the Iraq War, when Bush administration officials claimed that Iraq possessed weapons of mass destruction, Sullivan said things are different this time.

"In the situation in Iraq, intelligence was used and deployed from this very podium to start a war. We are trying to stop a war, to prevent a war, to avert a war," he said.
I think that Jake Sullivan prediction that "Russia is about to invade Ukraine" - is a false alarm.
Even if Putin will invade Ukraine, it is unlikely to happen now when everyone is watching.
dennisgorelik: 2020-06-13 in my home office (Default)
Previous housing bubble peaked at 2006:
https://fred.stlouisfed.org/series/CSUSHPINSA


Now I see several signs of the new bubble:
- Real-estate prices are at all times high and rapidly grow.
- Interest rate is very low (Federal Funds rate is 0.25%)
- Rent prices are falling. That means that significant share of renters start to buy houses.

It is hard to predict when this bubble will burst.
We still could be 1-2 years away from the peak.

Next: Housing prices: Covid-bubble vs CDO-bubble
dennisgorelik: 2020-06-13 in my home office (Default)
S&P 500 dropped 5.18% (down to 2,398.10)
UAL that I bought yesterday dropped 30.29%
GUSH (that I already sold) - dropped 26.40%

VIX - after significant move closed at 76.45 - only 0.71% higher than yesterday.
dennisgorelik: 2020-06-13 in my home office (Default)
API's of some of our business partners are down today, thanks to Amazon S3 being down in their North Virginia data center.

Amazon's failure is the hottest topic on Hacker News today with 1500+ upvotes after just couple of hours:
https://news.ycombinator.com/item?id=13755673

Admins joke about Amazon uptime status panel that falsely report "green" simply because it relies on failed S3 service:
https://twitter.com/awscloud/status/836656664635846656

--------
https://www.theatlantic.com/technology/archive/2016/01/amazon-web-services-data-center/423147/
The ease with which AWS was able to get off the ground by leasing colocation space in northern Virginia in 2006 is the same reason that US-East is the most fragile molecule of the AWS cloud: it’s old, and it’s running on old equipment in old buildings.
--------

Fortunately, when I chose datacenter for Amazon SES - I picked Amazon's "West" datacenter. It is up.
I expected Amazon's primary (North Virginia) datacenter to fail again. Today I got the confirmation.

PostJobFree itself is hosted on SoftLayer - that never had any major downtime like Amazon has every few years.

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dennisgorelik: 2020-06-13 in my home office (Default)
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