[Doomsday Economics] Home of Kirbeh's $16 half-slice

The Something Awful Forums > Discussion > C-SPAM > [Doomsday Economics] Home of Kirbeh's $16 half-slice

(Thread IKs: skooma512)

Raskolnikov38: Mar 3, 2007; We were somewhere around Manila when the drugs began to take hold

Mr Hootington posted:

Goldman saying brrrrrring is back
https://twitter.com/PriapusIQ/status/1635103640322211840?t=dZbehkz1CFy6Qcv-ojYkWw&s=19

https://www.youtube.com/watch?v=O1hCLBTD5RM

# ? Mar 13, 2023 03:29

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# ? May 20, 2024 15:43

RadiRoot: Feb 3, 2007

Mr Hootington posted:

Goldman saying brrrrrring is back
https://twitter.com/PriapusIQ/status/1635103640322211840?t=dZbehkz1CFy6Qcv-ojYkWw&s=19

thank gently caress i can finally use this again

efb!

# ? Mar 13, 2023 03:30

FizFashizzle: Mar 30, 2005

How much of these announcements is just the big hitters trying to move the market/influence the fed

# ? Mar 13, 2023 03:33

skooma512: Feb 8, 2012; You couldn't grok my race car, but you dug the roadside blur.

yay new thread

# ? Mar 13, 2023 03:33

spacemang_spliff: Nov 29, 2014; wide pickle

You know what else is facing a liquidity crisis right now?

My rear end

# ? Mar 13, 2023 03:33

net work error: Feb 26, 2011

euphronius posted:

did rich people fail a bank on purpose to slow down Jerome ?

Capital strikes just get more and more interesting. No longer just for countries that elect left leaning governments!

# ? Mar 13, 2023 03:34

Mr Hootington: Jul 24, 2008; I'M HAVING A HOOT EATING CORNETTE THE LONG WAY

Yields are plummeting

# ? Mar 13, 2023 03:34

TeenageArchipelago: Jul 23, 2013

I heard something from the grapevine. The folx are saying that I am too big to fail, and folx I think that they may be right

# ? Mar 13, 2023 03:36

Koirhor: Jan 14, 2008; by Fluffdaddy

Mr Hootington posted:

This was such a monumental mistake that will have unforeseen consequences.

and I bet you anything it can be traced back in a direct line to Larry Summers loving tweet

# ? Mar 13, 2023 03:36

a.lo: Sep 12, 2009

euphronius posted:

did rich people fail a bank on purpose to slow down Jerome ?

that's why they make the big bucks

# ? Mar 13, 2023 03:37

Horseshoe theory: Mar 7, 2005

euphronius posted:

did rich people fail a bank on purpose to slow down Jerome ?

If I was Jerome Powell, I'd double the rate increase for this month just to show them who's boss. :colbert:

# ? Mar 13, 2023 03:38

RadiRoot: Feb 3, 2007

dow futures are up up up!

# ? Mar 13, 2023 03:43

FlapYoJacks: Feb 12, 2009

I hate this stupid loving unethical plutocracy of a sham country. Bail out the banks while letting children and parents starve only 2 weeks prior. This country is gross.

# ? Mar 13, 2023 03:45

ben shapino: Nov 22, 2020

Sure, we can bail out the banks, but would that end sexism? Would that end racism? No, but let's do it anyway

# ? Mar 13, 2023 03:46

HallelujahLee: May 3, 2009

FlapYoJacks posted:

I hate this stupid loving unethical plutocracy of a sham country. Bail out the banks while letting children and parents starve only 2 weeks prior. This country is gross.

listen jack ill have you know that democracy is at stake and these here banks are the pinnacle of democratic rule

# ? Mar 13, 2023 03:46

19 o'clock: Sep 9, 2004; Excelsior!!!

can that fancy fed open up a discount window for first time homebuyers nah that's illegal i feel stupid asking

i feel stupid

# ? Mar 13, 2023 03:46

spacemang_spliff: Nov 29, 2014; wide pickle

Radirot posted:

dow futures are up up up!

# ? Mar 13, 2023 03:46

SKULL.GIF: Jan 20, 2017

Ackman hitting the catnip again.

quote:

https://twitter.com/BillAckman/status/1635109889302315008

quote:

This was not a bailout. During the GFC, the gov�t injected taxpayer money in the form of preferred stock into banks. Bondholders were protected and shareholders were diluted to varying degrees. Taxpayer money was put at great risk. Many people who screwed up suffered minimal to no consequences. Those were bailouts.

Here, shareholders and bond holders have been wiped out. The @FDICgov insurance fund capitalized by premiums paid by banks will absorb any losses. The fund will recoup any losses by assessing more premiums on the banks.

Had the @FDICgov @USTreasury and @federalreserve not intervened today, we would have had a 1930s bank run continuing first thing Monday causing enormous economic damage and hardship to millions.

More banks will likely fail despite the intervention, but we now have a clear roadmap for how the gov�t will manage them.

Bank boards and managements have received a massive wake up call. Being a director or CEO of a bank that fails is no fun: years of litigation, regulatory investigations, personal liability, potential civil and criminal charges, and enormous reputational damage.

Our gov�t did the right thing. This was not a bailout in any form. The people who screwed up will bear the consequences. The investors who didn�t adequately oversee their banks will be zeroed out and the bondholders will suffer a similar fate.

Importantly, our gov�t has sent a message that depositors can trust the banking system. Without this confidence, we are left with three or possibly four too-big-to-fail banks where the taxpayer is explicitly on the hook, and our national system of community and regional banks is toast.

Our government did the right thing for the country. We are very fortunate it did so.

# ? Mar 13, 2023 03:47

Al!: Apr 2, 2010

ben shapino posted:

Sure, we can bail out the banks, but would that end sexism? Would that end racism? No, but let's do it anyway

# ? Mar 13, 2023 03:48

SKULL.GIF: Jan 20, 2017

"Three... or possibly four"

Wells Fargo is a problem.

# ? Mar 13, 2023 03:48

Stairmaster: Jun 8, 2012

you are all gonna look so silly when deutsch bank is the next one to eat poo poo

# ? Mar 13, 2023 03:51

Nix Panicus: Feb 25, 2007

SourKraut posted:

At least until China stops funding our spending; then all bets are off!

About that

quote:

NEW YORK/BEIJING -- China's U.S. government bond holdings hit the lowest in over 12 years at the end of December, while its gold trove grew against a backdrop of American interest rate hikes and bilateral tensions.

Chinese holdings of Treasury securities fell for the fifth straight month in December to $867 billion, data published Wednesday by the U.S. Treasury Department shows.

The figure fell $173.2 billion, or 17%, in 2022 -- the biggest drop since 2016. China was not the only nation to sell down its Treasury holdings -- all foreign holdings of Treasury securities fell 6% in 2022 -- but its move was large.

https://asia.nikkei.com/Business/Markets/Bonds/China-s-U.S.-Treasury-holdings-hit-12-year-low-on-rate-hikes-tensions

:rubby:

# ? Mar 13, 2023 03:51

Centrist Committee: Aug 6, 2019

SKULL.GIF posted:

Ackman hitting the catnip again.

savor this weekend goons, the gaslighting from the noise machine to deny the bailout is going to be insufferable

# ? Mar 13, 2023 03:52

shackleford: Sep 4, 2006

https://twitter.com/HauteTake/status/1635090073514577920

# ? Mar 13, 2023 03:52

Mola Yam: Jun 18, 2004; Kali Ma Shakti de!

Stairmaster posted:

you are all gonna look so silly when deutsch bank is the next one to eat poo poo

DB and Citi will be the last banks left

# ? Mar 13, 2023 03:52

Lux Anima: Apr 17, 2016; Dinosaur Gum

net work error posted:

This is definitely a new chapter and innovation in kicking the can down the road.

a.lo posted:

that's why they make the big bucks

# ? Mar 13, 2023 03:53

ThatBasqueGuy: Feb 14, 2013; someone introduce jojo to lazyb

DancingShade posted:

Printing infinite money is the solution until taking a loaded wheelbarrow of bundled cash to the local store still isn't enough to buy a dozen eggs due to inflation.

we have digital currencies, number doesnt matter

# ? Mar 13, 2023 03:53

A Bakers Cousin: Dec 18, 2003; by vyelkin

The Something Awful Forums > Discussion > C-SPAM > [doomsday economics] it was my fault for believing too much in the "We've got the Meats" spiel

# ? Mar 13, 2023 03:53

Nix Panicus: Feb 25, 2007

StratGoatCom posted:

New Thread Title:

[Doomsday Economics] Bank Marathon

# ? Mar 13, 2023 03:54

Eric Cantonese: Dec 21, 2004; You should hear my accent.

TeenageArchipelago posted:

I heard something from the grapevine. The folx are saying that I am too big to fail, and folx I think that they may be right

Lay off the peanut M&Ms.

# ? Mar 13, 2023 03:54

19 o'clock: Sep 9, 2004; Excelsior!!!

i wonder what matt damon's take on this is, from a financial perspective

# ? Mar 13, 2023 03:55

Horseshoe theory: Mar 7, 2005

Nix Panicus posted:

About that

https://asia.nikkei.com/Business/Markets/Bonds/China-s-U.S.-Treasury-holdings-hit-12-year-low-on-rate-hikes-tensions

No worries since someone bought those bonds! Bing bong!

# ? Mar 13, 2023 03:55

TeenageArchipelago: Jul 23, 2013

Eric Cantonese posted:

Lay off the peanut M&Ms.

# ? Mar 13, 2023 03:55

Janitor Ludwich IV: Jan 25, 2019; by vyelkin

new bull market

# ? Mar 13, 2023 03:57

genericnick: Dec 26, 2012

Bar Ran Dun posted:

I think this is what actually happened.

Yeah, lmao.

# ? Mar 13, 2023 03:58

Nix Panicus: Feb 25, 2007

Horseshoe theory posted:

No worries since someone bought those bonds! Bing bong!

Wild that someone bought a ton of pre 2022 low interest rate bonds. Wonder who that could be? Do we know anybody with a large stockpile of low interest rate bonds?

# ? Mar 13, 2023 03:59