eat your 6% inflation **** sandwich chuds
Keep an eye on this Silicon Valley Bank Financial thing
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Last: 2 mo ago by Not Coach Jimbo
Consumer pricing is not coming down wo more rate hikes
I would assume the amount of the "protection" provided to depositors will be disclosed, correct?
There’s a bunch. pic.twitter.com/4y2z1ooxLq
— Chris Chambers 🇺🇸🇮🇪 (@chrischamberscc) March 13, 2023
jt2hunt said:
Consumer pricing is not coming down wo more rate hikes
Don't think anyone's goal is to reverse consumer pricing. Would take a significant recession
Did the fed just nationalise all banks.
Cant wait for Biden to blame anyone but himself in the first sentence of his speech today.
more like money machine back on but maybe still gonna raise interest rates
Its like giving a child a loaded gun with the hammer cocked. What could go wrong?aggiehawg said:Okay. Now I'll panic if he thinks he can say anything that make sense.will25u said:At my direction, @SecYellen and my National Economic Council Director worked with banking regulators to address problems at Silicon Valley Bank and Signature Bank.
— President Biden (@POTUS) March 13, 2023
I’m pleased they reached a solution that protects workers, small businesses, taxpayers, and our financial system. https://t.co/CxcdvLVP6lI’m firmly committed to holding those responsible for this mess fully accountable and to continuing our efforts to strengthen oversight and regulation of larger banks so that we are not in this position again.
— President Biden (@POTUS) March 13, 2023
I’ll have more to say on this tomorrow morning.
Greenspan said, "Irrational exuburance," once and tanked the stock market.
I heard Biden is speaking about the banks at 0900 EST
which obviously seeing as how it's Biden would be 0943 EST
bullish for banks!
which obviously seeing as how it's Biden would be 0943 EST
bullish for banks!
It's already been moved back once this morning.LMCane said:
I heard Biden is speaking about the banks at 0900 EST
which obviously seeing as how it's Biden would be 0943 EST
bullish for banks!
96ags said:It's already been moved back once this morning.LMCane said:
I heard Biden is speaking about the banks at 0900 EST
which obviously seeing as how it's Biden would be 0943 EST
bullish for banks!
Forgot the time change likely.
so this is the end of interest rate increases for the foreseeable future
Liz Warren got her way over Powell after all
Liz Warren got her way over Powell after all
JUST IN: 🇺🇸 President Biden says US taxpayers will not bear any losses on Silicon Valley Bank collapse.
— Watcher.Guru (@WatcherGuru) March 13, 2023
NOW - Biden: "The banking system is safe." pic.twitter.com/CXR6r6SrNJ
— Disclose.tv (@disclosetv) March 13, 2023
technically true in a narrow cynical sense
you just know Ackman has bet tens of millions one way or the other on this one.Stat Monitor Repairman said:Quote:
Billionaire hedge fund manager Bill Ackman is forecasting 'economic meltdown' within hours of the banks opening up on Monday morning following the failure of Silicon Valley Bank.
Ackman is urging for the U.S. government to finally step in and protect all of the bank's depositors, warning inaction could lead to a ripple effect across other smaller banks within the industry.
The worry is that customers will rush to withdraw cash from their accounts fearing instability across the banking system with the very real possibility of a domino effect.
probably going long the banks and hoping the USG bails everyone out.
so at age 52 I'm old enough to remember when Janet Yellen told me the US government would NOT be bailing out SVB. you young pups probably can't remember the world from 36 hours ago:
U.S. government steps in and says people with funds deposited at SVB will be able to access their money
PUBLISHED SUN, MAR 12 20236:16 PM EDTUPDATED SUN, MAR 12 202310:45 PM EDT
Regulators approved plans Sunday to backstop both depositors and financial institutions associated with Silicon Valley Bank.
Officials will unwind both SVB and Signature Bank, ensuring that depositors will have full access to their funds on Monday.
The Federal Reserve stepped in with a separate facility that will provide loans up to one year for institutions affected by the bank failures.
U.S. government steps in and says people with funds deposited at SVB will be able to access their money
PUBLISHED SUN, MAR 12 20236:16 PM EDTUPDATED SUN, MAR 12 202310:45 PM EDT
Regulators approved plans Sunday to backstop both depositors and financial institutions associated with Silicon Valley Bank.
Officials will unwind both SVB and Signature Bank, ensuring that depositors will have full access to their funds on Monday.
The Federal Reserve stepped in with a separate facility that will provide loans up to one year for institutions affected by the bank failures.
Lmao.
it's hilarious what is happening when you think about itcone said:
so this is the end of interest rate increases for the foreseeable future
Liz Warren got her way over Powell after all
super low ZIRP rates for too long and massive spending causes massive inflation
massive inflation leads to eventually raising rates
raising rates leads to bank failures
bank failures lead to lowering rates
right back where we were 13 months ago! Except with a 6.7% inflation rate instead of a 1.6% inflation rate
What does this mean?
it is pretty funny
i expect the conditioning to accept the 6% as an acceptable floor will start by end of week
i expect the conditioning to accept the 6% as an acceptable floor will start by end of week
I know very little about finance, but wouldn't a reversal of current monetary policy make the stock market go wild? Leading to more inflation?
fed is going to start cutting rates
feel free to interpret the knock on effects of that reversal
feel free to interpret the knock on effects of that reversal
i mean, that would definitely be a scenario to consider
The whole last few years is just a huge whiplash
Trading halted on several banks in the market.
If we make it smoothly to 10 this morning, I think the Fed may not be done with rate hikes. They are laser focused on inflation and it doesn't look like this will be much more than a bump in the road.
Maybe they skip a meeting to let the dust settle, but they may still see room for a 25-50 bps.
Maybe they skip a meeting to let the dust settle, but they may still see room for a 25-50 bps.
we learn no lessons, we accept no pain
This entire system has been based on kicking the can down the road.
This message has been self-censored to comply with the state policies of F16 and the mandates following the Cultural Cleansing Post Purge of 2021. All efforts have been made to ensure that this post does not offend anyone.
2 month skip and a quarter point.96ags said:
If we make it smoothly to 10 this morning, I think the Fed may not be done with rate hikes. They are laser focused on inflation and it doesn't look like this will be much more than a bump in the road.
Maybe they skip a meeting to let the dust settle, but they may still see room for a 25-50 bps.
aggiehawg said:Okay. Now I'll panic if he thinks he can say anything that make sense.will25u said:At my direction, @SecYellen and my National Economic Council Director worked with banking regulators to address problems at Silicon Valley Bank and Signature Bank.
— President Biden (@POTUS) March 13, 2023
I’m pleased they reached a solution that protects workers, small businesses, taxpayers, and our financial system. https://t.co/CxcdvLVP6lI’m firmly committed to holding those responsible for this mess fully accountable and to continuing our efforts to strengthen oversight and regulation of larger banks so that we are not in this position again.
— President Biden (@POTUS) March 13, 2023
I’ll have more to say on this tomorrow morning.
Greenspan said, "Irrational exuburance," once and tanked the stock market.
Vibes are strong today plebs. #Bitcoin pic.twitter.com/uUJcNrUvD6
— Pastor Coin (@pastorcoin) March 13, 2023
If you followed some of the crypto collapses this last year,we've got phrases like,
"Steady lads- deploying more capital"
"Funds are safu"
POS. Assures people “Assets are fine” to not cause a bank run before he eventually halts all withdrawls a few hours later while keeping deposits open longer… Pure Evil.
— Crypto94 - Owner of Infinity Gainz (@CryptoExpert101) November 10, 2022
He trapped thousands of people and millions of $$
No different than Do Kwon and his “deploying more capital” pic.twitter.com/bV2AU2Jnuf
What bitcoin’s detractors don’t understand is monetary economics, computer science, software engineering, network protocols, and electrical systems.
It ain't much, but it's honest Proof of Work.
It ain't much, but it's honest Proof of Work.
i wish i shared your optimismQuote:
I think the Fed may not be done with rate hikes.
but the meme is already out there that the interest rate increases are tanking the banks and going to result in severe job losses (Senator Warren's rhetoric)
i could absolutely see them crying uncle here
The minute the President is telling everyone that things are ok, you can believe the opposite.
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