(Thread IKs:
skooma512)
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triple sulk posted:https://www.ycombinator.com/blog/changes-at-yc/ less than 24 hours from bailout to layoffs
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Mar 13, 2023 22:09
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| # ? May 26, 2024 07:19 |
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causing a food chat derail on what should be a red letter day for focusing and celebrating blood and seething at econ and sillicon valley bullshiters is evidence that the cia knows exactly how to defuse populist furor with trite bullshit 
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Mar 13, 2023 22:11
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This is no way to keep up with number
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Mar 13, 2023 22:11
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Woke Mind Virus posted:less than 24 hours from bailout to layoffs the efficiency of the tech sector is amazing, isn't it? im simply flabbergasted and have been all weekend
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Mar 13, 2023 22:12
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BULBASAUR posted:putting into BOFA atm BOFA was I think the lowest of the ones we checked, though tbf they didn't just give an upfront table for which term length gave what apy so we coulda missed in when just flipping through their drop down menus.
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Mar 13, 2023 22:16
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That's an insanely fast turnaround.quote:https://twitter.com/zerohedge/status/1635388636307898371
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Mar 13, 2023 22:16
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Woke Mind Virus posted:less than 24 hours from bailout to layoffs all my job leads are dead. no one's answered emails since thursday. market is hosed
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Mar 13, 2023 22:17
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garry tan is a piece of poo poo
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Mar 13, 2023 22:19
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triple sulk posted:all my job leads are dead. no one's answered emails since thursday. market is hosed I’m sorry. that really sucks
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Mar 13, 2023 22:21
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triple sulk posted:all my job leads are dead. no one's answered emails since thursday. market is hosed Yield curve de-inverting after being that deeply inverted, historically, points to a very very imminent recession. Given the sharpness of the move, the recession is likely to be similarly sharp. I tell this not to discourage you but so you know you need to hurry.
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Mar 13, 2023 22:21
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what actually happened today
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Mar 13, 2023 22:21
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JAY ZERO SUM GAME posted:what actually happened today still nothing
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Mar 13, 2023 22:22
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JAY ZERO SUM GAME posted:what actually happened today Everyone was afraid there'd be a mass bank run, all the regional banks dropped 40% to 85% (before rebounding later today). The stock market dropped, but then once it became clear the Fed and the FDIC was protecting the banks via massive bailouts, everything rallied bigly because they're now anticipating at the very least a rate pause next week, and possibly a rate cut. Historically, however, rate cuts tend to precede economic recessions and the final legs down on a bear market before we finally bottom out.
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Mar 13, 2023 22:23
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JAY ZERO SUM GAME posted:what actually happened today Bank stocks dropped like a rock, VCs and startups successfully got their money out of the two bank corpses Thats about it
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Mar 13, 2023 22:23
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JAY ZERO SUM GAME posted:what actually happened today Rich people turned raisins into grapes
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Mar 13, 2023 22:25
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SKULL.GIF posted:That's an insanely fast turnaround. 10 sigma grindset
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Mar 13, 2023 22:25
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I'm all in
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Mar 13, 2023 22:25
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SKULL.GIF posted:Yield curve de-inverting after being that deeply inverted, historically, points to a very very imminent recession. Given the sharpness of the move, the recession is likely to be similarly sharp. there's almost nothing i can really do aside from get some poo poo rear end job or pivot careers entirely, but anything i'd probably want to do would not be particularly viable unless i wanted to leech off my spouse's income. while on paper i can fill one of probably three or four different roles right now which does open up my options, the competition wipes out that opportunity unless i magically get lucky over the coming weeks and one of these places actually wants me (and isn't doomed) i *might* be able to get some kind of IT job in philly's government, but their hiring systems are an absolute disaster from what information i've gathered
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Mar 13, 2023 22:27
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 even if he's not lying and it's unfortunate timing, you think you can wait a little while than literally the first loving day after you get bailed out?
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Mar 13, 2023 22:28
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well theres always tomorrow
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Mar 13, 2023 22:29
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triple sulk posted:there's almost nothing i can really do aside from get some poo poo rear end job or pivot careers entirely, but anything i'd probably want to do would not be particularly viable unless i wanted to leech off my spouse's income. while on paper i can fill one of probably three or four different roles right now which does open up my options, the competition wipes out that opportunity unless i magically get lucky over the coming weeks and one of these places actually wants me (and isn't doomed) Probably just gotta keep plugging away knowing that it's going to be an extremely bad week for hiring Maybe take a couple days hiking or something to get away from hellworld for a bit
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Mar 13, 2023 22:32
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Vox Nihili posted:Bank stocks dropped like a rock, VCs and startups successfully got their money out of the two bank corpses School lunch is now Lunchables brought you by the Kraft Corporation!
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Mar 13, 2023 22:33
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wow the not-nobel price winners in economics who wrote about how they totally did the right thing to do bailouts in 2008 were right all you need to do is give endless cash to rich people and nothing will ever go bad today was the end of history, the epilogue finally closed
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Mar 13, 2023 22:34
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how can there be a recession coming? we gave the techbros and vc ghouls everything they wanted??
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Mar 13, 2023 22:35
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Lpzie posted:I'm all in the ball pit is only for kids 4 ft or shorter
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Mar 13, 2023 22:36
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Turnquiet posted:causing a food chat derail on what should be a red letter day for focusing and celebrating blood and seething at econ and sillicon valley bullshiters is evidence that the cia knows exactly how to defuse populist furor with trite bullshit I think it's more like not much happened since like noon or so
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Mar 13, 2023 22:36
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Woke Mind Virus posted:less than 24 hours from bailout to layoffs Well yeah gotta juice the numbers to justify even higher bonuses!
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Mar 13, 2023 22:42
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Studio posted:the ball pit is only for kids 4 ft or shorter i demand a bailout
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Mar 13, 2023 22:43
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silicone thrills posted:the bosch tryptic with all the tiny little demons and pale people all loving and killing each other is so fuckin perf people tend to think that the ending to pasolini's the canterbury tales is set in hell, but it's actually ny's capitol district
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Mar 13, 2023 22:43
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PoundSand posted:Anyone getting into short term CD's with these record high rates? We had some money sitting around the last year or two cause it didn't seem like a good idea to park it anywhere near stocks or index funds with how badly our 401ks were making GBS threads themselves, just pulled the trigger on stuffing some in at 5% for 11 months and 4.5% for 19 months this weekend. I figure they might go up a bit more depending on how much the fed wants to squeeze interest rates, or maybe after the banks start crashing they'll back off and all these promo rates will evaporate. I spend all my money on rent, food and drugs OP.
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Mar 13, 2023 22:46
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Invest in eggs. They last longer than puts and you can eat them if they become worthless.
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Mar 13, 2023 22:48
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In Training posted:I spend all my money on rent, food and drugs OP. also instead of CDs I just put it into vanguard fmm not like I have much anyways but probably equal risk to my SF bank
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Mar 13, 2023 22:48
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I just heard the president is saying no bail outs.
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Mar 13, 2023 22:49
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incredibly funny that a meme run on stocks lead to the finacialization of this thread is also being used to crash actual banks by VC lmao. Anyway does anybody have a summary of what kind of bailout SVB is getting? I hear people saying THIS WILL HE USED TO MAKE SURE EMPLOYEES FET PAID WHILE PUNISHING THE BANK but everyone is going to say that because bailing out bank executives is probably the single least popular action in the country
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Mar 13, 2023 22:49
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Covok posted:I just heard the president is saying no bail outs. sources are telling me the white house is planning to ban bailouts today
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Mar 13, 2023 22:51
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The money supply increasing while the price of weed and video games remains stagnant, the master does nothing and leaves nothing undone
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Mar 13, 2023 22:51
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Agean90 posted:incredibly funny that a meme run on stocks lead to the finacialization of this thread is also being used to crash actual banks by VC lmao. The bank is already dead, only the depositors get the bailout out of FDIC funds. So it's more of a VC/startup bailout than a bank bailout. All the SVB bank execs are probably going to get sued into the ground by the shareholders who lost everything within 24 hours. In any case they don't have a job anymore. Other banks could still suffer a similar fate since the FDIC is backstopping people who made deposits but not the banks and their own assets and investments.
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Mar 13, 2023 22:54
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so scratch part of what i said. one of the people finally followed up. so that's something at least, even if i think it probably won't go anywhere
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Mar 13, 2023 22:54
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Stinky Wizzleteats posted:The money supply increasing while the price of weed and video games remains stagnant, the master does nothing and leaves nothing undone Console games increased to $70. Inflation will not spare the gamers.
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Mar 13, 2023 22:59
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| # ? May 26, 2024 07:19 |
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Cramer is "very concerned" They have lost the Cramer crowd.
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Mar 13, 2023 23:06
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