(Thread IKs:
skooma512)
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euro markets are not convinced
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Mar 13, 2023 10:35
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Mola Yam posted:if nothing matter Me in 2025, a homeless guy wearing a crumpled cashmere suit jacket, slumped in a doorway holding a "please help" sign: Sure mister but you can you spare me $250 million so I can get a coffee and breakfast?
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Mar 13, 2023 10:36
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Mola Yam posted:if nothing matter You could have... but then the Fed raised rates!!!
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Mar 13, 2023 10:37
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had a flash of clarity where i realized the next X years are just whipsawing rapidly between liquidity crises and rapid inflation, shaking society apart like a limp infant.
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Mar 13, 2023 10:42
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Mola Yam posted:had a flash of clarity where i realized the next X years are just whipsawing rapidly between liquidity crises and rapid inflation, shaking society apart like a limp infant. 
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Mar 13, 2023 10:44
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Vox Nihili posted:the bank has to go broke and get taken over by the government for it to happen, the bankers themselves still lose all their money the billionaires with billions of uninsured liquid deposits apparently dont have to worry about any of this bond or interest rate or insured deposit poo poo the proles do!
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Mar 13, 2023 10:44
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Mola Yam posted:had a flash of clarity where i realized the next X years are just whipsawing rapidly between liquidity crises and rapid inflation, shaking society apart like a limp infant. blasting the money printer to avoid recession so much that you threaten to destroy the concept of your currency to the point where you have to raise interest rates so high you threaten to destroy the economy you built with the printer only to have to break the printer back out to avoid a complete systemic collapse is how the economy works idiot
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Mar 13, 2023 10:48
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US futures starting to turn red
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Mar 13, 2023 10:48
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Mola Yam posted:had a flash of clarity where i realized the next X years are just whipsawing rapidly between liquidity crises and rapid inflation, shaking society apart like a limp infant. Just one society. Don't worry. Civilisation will endure as will we all.
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Mar 13, 2023 10:49
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nice 
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Mar 13, 2023 10:55
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fanfic insert posted:US futures starting to turn red Turning red you say? 
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Mar 13, 2023 11:00
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so the fed and treasury is saying that if you bought a low interest bond a couple years ago as a non-banker, you were a rube. a sucker. a buffoon. you could've just parked the money in a uninsured deposit without the associated fees and your bank could literally die and you would be better off.
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Mar 13, 2023 11:03
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comedyblissoption posted:so the fed and treasury is saying that if you bought a low interest bond a couple years ago as a non-banker, you were a rube. a sucker. a buffoon. you could've just parked the money in a uninsured deposit without the associated fees and your bank could literally die and you would be better off. well yeah the treasury can do what it wants. what are you gonna do, vote?
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Mar 13, 2023 11:05
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the bank in this scenario of course died specifically for the exact thing that the uninsured depositor didn't want to do: park their money in illiquid treasury bonds and other assets that pay gently caress all with the risk of rising rates lmao
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Mar 13, 2023 11:08
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Happy to be posting with you all from a colony tying itself firmly the the sinking US ship 
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Mar 13, 2023 11:17
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Antonymous posted:how come the page count number is so low I thought number go up The mods have sinned against number. We must send our posts in atonement.
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Mar 13, 2023 11:29
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Mar 13, 2023 11:30
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Antonymous posted:how come the page count number is so low I thought number go up fed bought all the derivative posts
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Mar 13, 2023 11:30
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post consolidation on a 1:10000 basis, only the very best posts were retained. things are not looking good
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Mar 13, 2023 11:32
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Lpzie posted:i know just the goon that should run GoonBank.... Free cumshitter
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Mar 13, 2023 11:33
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free zaurg
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Mar 13, 2023 11:33
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why do new threads get made? why dont we let page number soar as high as possible?
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Mar 13, 2023 11:34
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WrasslorMonkey posted:Free cumshitter is that the guy who ran away with the goon fund? was that ever flushed out?
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Mar 13, 2023 11:34
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get ready today is gonna be wild https://twitter.com/bnodesk/status/1635224216139362305 
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Mar 13, 2023 11:35
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Just keep this rickety poo poo heap moving forward until the election in 18 months You can do it joe
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Mar 13, 2023 11:37
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comedyblissoption posted:so the fed and treasury is saying that if you bought a low interest bond a couple years ago as a non-banker, you were a rube. a sucker. a buffoon. you could've just parked the money in a uninsured deposit without the associated fees and your bank could literally die and you would be better off. The lesson was to park your money in aluminium rods or something tangible. Note: you might need to own your own warehouse otherwise the rods might not be there when you go to collect later.
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Mar 13, 2023 11:38
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https://twitter.com/Convict_No9653/status/1635076794113232896?t=4IsHKwzbw3PnCJk3S6lvzg&s=19
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Mar 13, 2023 11:38
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i've been asking in another thread but can someone explain how this isn't a bailout - it smells like one but apparently it isn't? (this isn't a SYQ just me trying to figure out wtf happened)quote:i dont get it. will the firesale of every asset this bank owns be enough to cover all deposits?? if so why was there a bank run in the first place. if not where's the money coming from. i don't see how this comes from 'shareholders' pockets they already bought the stock? quote:the deposit book of the bank has some market cap value (otherwise there's have been no share price because there's no cash flow). crudely if there was 1 billion in deposits and you bought 1 billion of treasuries at 4% you've now got 40 million of profit to pay your shareholders. that deposit book is worth something quote:a lot of SVB's assets were 10 year US treasury bonds bought a year or so ago when the interest rate on those bonds was poo poo, ~1.7%. quote:if you plan to "hold to maturity" on the bond i.e. buy a 10 year bond for 100 and hold it for 10 years, you can value it in your balance sheet at 100. That bond will pay x% every year which is called a coupon, basically just like any other loan (nobody mention zero coupon bonds or day count fractions plz) quote:not being hostile here, i am struggling to understand how this isn't the case (i have a bad brain and its 2am here). basically the federal reserve has said all the bonds worth like 300 bucks on the open market can actually be given up as collateral worth 1000 bucks, and therefore some other entity will get a loan worth that amount from the feds to pay back depositors? quote:i’m skipping a lot of posts to say it isn’t a bailout because the feds aren’t giving the banks any money. they’re shifting bonds that have a $100 face value to their balance sheet while giving the bank $100 in cash they need to cover deposits. in one year, the bank returns the $100 and the fed gives them the bond back. if they don’t return the $100, the fed keeps the bond and is no worse off.
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Mar 13, 2023 11:39
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Edgar Allan Pwned posted:why do new threads get made? why dont we let page number soar as high as possible? Because we're communists, Ed
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Mar 13, 2023 11:40
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Brrrmph posted:is that the guy who ran away with the goon fund? was that ever flushed out? no cumshitter doxxed a goon, iirc while drunk
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Mar 13, 2023 11:41
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Ramrod Hotshot posted:are you referring to a bailout, which they will assume is guaranteed? Vox Nihili posted:the bank has to go broke and get taken over by the government for it to happen, the bankers themselves still lose all their money I’m taking about the new BTFP (Bank Term Funding Program) that the FDIC is rolling out for not yet failed banks. It’ll allow the ~600 billion plus in unrealized losses for live banks to Not Matter because they can get loans from the feds equal to those unrealized losses while they wait out their bond maturities. https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312a.htm
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Mar 13, 2023 11:41
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mila kunis posted:i've been asking in another thread but can someone explain how this isn't a bailout - it smells like one but apparently it isn't? (this isn't a SYQ just me trying to figure out wtf happened) Well you see it's bad optics to do a bailout therefore we didn't do one of those, we invented a new term. It's like when dumb gently caress economists were talking about inflation going down when they actually meant inflation is growing slightly slower Economics and finance is the profession of barefaced lying
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Mar 13, 2023 11:42
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mila kunis posted:i've been asking in another thread but can someone explain how this isn't a bailout - it smells like one but apparently it isn't? (this isn't a SYQ just me trying to figure out wtf happened) Meanings of words change and will continue to change as rapidly as needed to ensure whatever happens today isn't something that can be legally defined as something else previously occurring in the past.
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Mar 13, 2023 11:42
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Lol starting a new thread when the financial apocalypse didn't materialize was the right call I just skimmed through the last two megathreads which goes back to 2017 and I wish we had it even further back - years of goons calling for number to go down and it refusing (USER WAS PUT ON PROBATION FOR THIS POST)
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Mar 13, 2023 11:42
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Glumwheels posted:I can’t help but think Peter thiel caused this mess for a specific reason, he did cash out Wednesday and started the bank run can't thtop the thiel!
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Mar 13, 2023 11:45
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Goa Tse-tung posted:no cumshitter doxxed a goon, iirc while drunk there but for the grace of God go I
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Mar 13, 2023 11:46
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First Republic is eating deep poo poo pre market, and I can’t explain it. Their capitalization actions combined with the FDIC’s magic new BTFP bucks should get them off of death row. Other bank stocks are hurting too and again, they got a sneaky bailout in the form of being able to borrow a buck on 50 cents collateral which is a pretty nice thing! What gives? Either the markets are being silly, or the medicine has not killed the infection. Actually, even if the market is wrong, if that wrongness still leads to bank runs and there will be blood. Here we go!
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Mar 13, 2023 11:46
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mila kunis posted:i've been asking in another thread but can someone explain how this isn't a bailout - it smells like one but apparently it isn't? (this isn't a SYQ just me trying to figure out wtf happened) it isn't a bailout because the term has bad connotations and the government doesn't want to look bad so they are splitting hairs on the term. Like calling tax increases "fund raising" or refusing to call multiple quarters of negative growth a recession before the midterms. It's the financial equivalent of "Died with Covid not Of Covid." debate poisoned posters seeing some technical semantics to argue about are running defense with dictionaries because they are dumb it is a bailout Rectal Death Adept has issued a correction as of 11:51 on Mar 13, 2023 |
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Mar 13, 2023 11:48
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Joe Biden told me it wasn’t a bailout, Jack. You see the investors in the fart app, the fart app, and 6 other banks that deserve to be put to the sword all get a secret stash of new money just for them to survive something the rules said should kill them. But it’s not a bailout because (cut to commercial)
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Mar 13, 2023 11:53
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| # ? May 24, 2024 11:34 |
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Mormon soaking isn’t sex and this isn’t a bailout
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Mar 13, 2023 11:54
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