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https://twitter.com/MarketWatch/status/1635052821052796928?s=20
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Mar 13, 2023 00:06
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guillotine
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Mar 13, 2023 00:06
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Ramadu posted:https://twitter.com/unusual_whales/status/1635053808987545600 My t-shirt...
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Mar 13, 2023 00:06
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Ramadu posted:https://twitter.com/unusual_whales/status/1635053808987545600 looking at my calendar and by god they’re right
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Mar 13, 2023 00:06
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Ramadu posted:https://twitter.com/unusual_whales/status/1635053808987545600 coelomate posted:"The futures - they are soaring" -- CNBC anchor 
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Mar 13, 2023 00:06
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This is the soft landing
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Mar 13, 2023 00:07
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Mar 13, 2023 00:07
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triple sulk posted:america is loving garbage
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Mar 13, 2023 00:08
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Ramadu posted:https://twitter.com/unusual_whales/status/1635053808987545600 This is technically true -- these 3 banks have been nuked from orbit, they're gone, all senior management and shareholders wiped out. Value down to 0. Guaranteeing the deposits for TECH BRO BANK and LOL CRYPTO BANK is still gross, but it's not a 2008 bailout.
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Mar 13, 2023 00:08
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Lots of companywide emails for a Sunday evening....
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Mar 13, 2023 00:08
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triple sulk posted:loving gross. sick to my stomach over this poo poo the rich are getting richer i'm literally shaking
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Mar 13, 2023 00:09
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coelomate posted:This is technically true -- these 3 banks have been nuked from orbit, they're gone, all senior management and shareholders wiped out. Value down to 0. how is it not a bailout if the money is ultimately available to them, they were bailed out
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Mar 13, 2023 00:09
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Honestly, I don't get the whole $250,000 thing if they're going to backstop 100% regardless. Just say FDIC deposits are fully guaranteed - bing bong, so simple!
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Mar 13, 2023 00:10
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https://i.imgur.com/90n8qMw.gifv https://twitter.com/zerohedge/status/1635054454104891392
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Mar 13, 2023 00:10
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anyway now that jpow has bailed out three banks that blew up because (checks notes) jpow jacked up rates, how do you think that will impact (checks notes) jpow's willingness to continue raising rates at the next meeting in (checks notes) 10 days?
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Mar 13, 2023 00:10
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No consequences and no more rate hikes. Markets are going to rip tomorrow.
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Mar 13, 2023 00:10
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eeewwww zerohedge
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Mar 13, 2023 00:11
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somethings got to give lol. if they raise rates banks blow up, if they dont raise rates inflation soars
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Mar 13, 2023 00:12
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triple sulk posted:how is it not a bailout SVB had a market cap of ~$12 billion in December. Everyone holding that equity got wiped out. The depositors just had money in a bank, and were not expecting to take on credit risk of their bank. Their deposits have been guaranteed, but uh, with magic FDIC capitalism treasury future loans, and not congressionally approved funds from the treasury / tax payers. It's a weird one, and this nuance either (a) doesn't matter or (b) is gonna be lost on a lot of people
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Mar 13, 2023 00:12
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Mar 13, 2023 00:12
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ArmZ posted:eeewwww zerohedge Worst Person You Know, OP.
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Mar 13, 2023 00:12
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coelomate posted:SVB had a market cap of ~$12 billion in December. Everyone holding that equity got wiped out. if the startups do not all shut down as a result of this, it is a bailout it would still be a bailout if they did and the rich people got their money, but nevertheless
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Mar 13, 2023 00:13
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Xaris posted:bonafide we need a ton more actual electrical engineers to deal with various switchboard design, turbines, pumping plants, traffic controls, SCADA, etc. sounds like a job for chatgpt and maybe some of those boston dynamics dogs. bing bong so simple, pay me a billion dollars for my startup aughtomatr
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Mar 13, 2023 00:14
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ArmZ posted:eeewwww zerohedge their analysis sucks but the graphs they make and post are useful for people to make their own, better analysis with
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Mar 13, 2023 00:14
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And I was wrong, [Non-Doomsday Economics] was the correct thread title all along. Well played.
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Mar 13, 2023 00:14
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Raskolnikov38 posted:somethings got to give lol. if they raise rates banks blow up, if they dont raise rates inflation soars Powell's mandate is inflation. We'll see how much collateral damage is worth getting back to 2%.
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Mar 13, 2023 00:14
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Nonsense posted:Monday is going to be amazing
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Mar 13, 2023 00:14
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coelomate posted:This is technically true -- these 3 banks have been nuked from orbit, they're gone, all senior management and shareholders wiped out. Value down to 0.
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Mar 13, 2023 00:15
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Penisaurus Sex posted:Powell's mandate is inflation. We'll see how much collateral damage is worth getting back to 2%. Powell's left hand has no reason to stop raising rates because his right hand has a magic bank-unfailing-eraser
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Mar 13, 2023 00:15
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Penisaurus Sex posted:Powell's mandate is inflation. We'll see how much collateral damage is worth getting back to 2%. Destroy all the banks but the Too Big Too Fail! *taps head*
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Mar 13, 2023 00:15
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lmao you know just the normal "dying bank" template
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Mar 13, 2023 00:15
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500 good dogs posted:lmao you know just the normal "dying bank" template Given the impending failures of all banks but the Too Big To Fail at Powell's hands, YES!
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Mar 13, 2023 00:17
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Raskolnikov38 posted:somethings got to give lol. if they raise rates banks blow up, if they dont raise rates inflation soars As that ZH chart shows, Wells Fargo is my bet for the first Big 4 bank to pop like a balloon. Ash1138 posted:three? it was only one bank two days ago It was two, two days ago: Silvergate went down and then Silicon Valley Bank blew up at the end of last week. The third, Signature Bank got shut down like a hour ago by the Feds glowmen. First Republic is likely to be next.
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Mar 13, 2023 00:17
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Raskolnikov38 posted:their analysis sucks but the graphs they make and post are useful for people to make their own, better analysis with yeah but I still feel icky about it
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Mar 13, 2023 00:17
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coelomate posted:Powell's left hand has no reason to stop raising rates because his right hand has a magic bank-unfailing-eraser I think we're going to find out soon if the distinction between 'failed' and 'depositors were made whole' matters. SVB is certainly not the only bank ran by idiots, and they are also certainly not the only bank levered up in a bunch of rapidly devaluing fixed rate assets.
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Mar 13, 2023 00:17
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Ash1138 posted:three? it was only one bank two days ago yeah thread moves fast lmao silvergate - crypto bank - mid last week silicon valley bank - friday signature bank ny - crypto bank - failure into receivership was snuck in with today's rescue amount
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Mar 13, 2023 00:17
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Raskolnikov38 posted:their analysis sucks but the graphs they make and post are useful for people to make their own, better analysis with you're right but it still feels icky
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Mar 13, 2023 00:17
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are zerohedge's crimes funny at least?
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Mar 13, 2023 00:18
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Mr Hootington posted:This is a crypto bank Not entirely. It was a medium-sized bank that has existed since 2001, with 2000 employees and $60 billion in outstanding loans. They focused on banking for rich entrepreneurs--"DePaolo described the target audience as "the guy who started his business in Brooklyn and is now worth $20 million"." Basically, it's the New York version of SVB, albeit less prestigious and well-connected. Crypto was only a portion of their exposure.
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Mar 13, 2023 00:18
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Raskolnikov38 posted:so the fdic has 125 billion on hand, can call another 100 billion into existence at any time, and now theres an extra 25 billion floating at the fed to bailout banks Signature and SVB control $267 billion. FRC is having bank lines and got rocked on friday, if they have issues they control another $191 billion. Not sure what exactly the FDIC needs to cover but with the 2 banks that failed and the 1 that is in trouble that's $458 billion. I assume they are hoping that any withdrawals and runs on the failed banks are easy to manage. If they calm markets and depositors down and money doesn't move that much then problem solved. They don't need to worry about SVB's balances if they guarantee deposits and let people withdraw 10-20 billion. Everyone gets it out of their system and forgets about it. I guess there would be a problem if this doesn't stop a wider collapse in finance or if the withdrawals outpace the emergency funds they have in place and emergency guarantees start bouncing.
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