(Thread IKs:
skooma512)
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forkboy84 posted:It's just such a good summary of the braindead neoliberalism, it's the logical extension of "too big to fail". Now it's too big to fail so we have to guarantee their dumb & dumber risks. it's a cabinet with windowed doors you just keep shut all the time because you can see that the dishes inside have all fallen over and you know opening it will result in some breaking
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# ? Mar 16, 2023 13:39 |
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# ? Jun 8, 2024 08:51 |
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forkboy84 posted:It's just such a good summary of the braindead neoliberalism, it's the logical extension of "too big to fail". Now it's too big to fail so we have to guarantee their dumb & dumber risks. Counterpoint: Herbert Hoover didn't get re-elected after he let Andrew Mellon do that.
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# ? Mar 16, 2023 13:44 |
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dk2m posted:the way to understand what’s happening right now is not at all what orthodox economics wants to tell you. this is sort of an effort post. Great post
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# ? Mar 16, 2023 13:44 |
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Horseshoe theory posted:Counterpoint: Herbert Hoover didn't get re-elected after he let Andrew Mellon do that. Perfect thing to do in your 2nd term
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# ? Mar 16, 2023 13:45 |
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woke up to the fed printing another 2 trillion. I will now buy number because number must rise. Good profits to you all. Buy TSLA.
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# ? Mar 16, 2023 13:48 |
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Mr Hootington posted:I think what is really cool about all this is every bank made a lot of stupid moves and are relying on the peons to deposit money so the banks can service unservicable debt that is compounding. If Joe gives me my 600 bones he owes me I would gladly deposit it at a nice bank
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# ? Mar 16, 2023 13:49 |
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https://twitter.com/YahooFinance/status/1636249295027314688?s=20
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# ? Mar 16, 2023 13:53 |
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forkboy84 posted:It's just such a good summary of the braindead neoliberalism, it's the logical extension of "too big to fail". Now it's too big to fail so we have to guarantee their dumb & dumber risks. it's not the word I hate I guess it's the people who use it unironically
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# ? Mar 16, 2023 13:54 |
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really hope i'm placed in his technofiefdom and not elon musk's
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# ? Mar 16, 2023 13:55 |
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coelomate posted:I agree. I think 0.25% is the base case, and I keep hoping Jerome goes hard and does 0.5% anyway just because him doing something surprising would be funny. Do not, my friends, grow addicted to low interest rates. It will take hold of you, and you will resent its absence.
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# ? Mar 16, 2023 13:57 |
forkboy84 posted:My favourite term I've learned since the Doomsday Economics threads begun is moral hazard I'm still angry about "excess savings".
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# ? Mar 16, 2023 13:59 |
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I was promised bank death not bailouts
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# ? Mar 16, 2023 13:59 |
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gently caress COREY PERRY posted:I was promised bank death not bailouts https://www.youtube.com/watch?v=mF7VcLQ0o6U
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# ? Mar 16, 2023 14:03 |
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SKULL.GIF posted:I'm still angry about "excess savings".
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# ? Mar 16, 2023 14:03 |
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gently caress COREY PERRY posted:I was promised bank death not bailouts but that’s what happens when banks die, their amazing J-POW triggers go off and they are immediately reborn, more beautiful, resplendent, and rich than ever before! isn’t the monetary cycle just magical?
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# ? Mar 16, 2023 14:05 |
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10 minutes until the ECB interest rate decision
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# ? Mar 16, 2023 14:05 |
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excess farts
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# ? Mar 16, 2023 14:06 |
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Ah the the $2trillion (not qe) is theoretical. If all the bonds currently on the books as a loss are traded in then it is a $2trillion injection. https://twitter.com/EpsilonTheory/status/1636347265752133633?t=LLoYiR9rrotvVJYjT079Hg&s=19 I honestly don't see how someone buying a $1 bond, having it drop to $.80 in value, then trading it back for $1 isn't just willing into existence $.20
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# ? Mar 16, 2023 14:10 |
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gently caress COREY PERRY posted:I was promised bank death not bailouts if it makes you feel any better steering from infinite money glitch -> raising rates -> infinite money glitch so fast means it's going to work less well this time. We got around 3 years out of the infinite money glitch but still hadn't drained all of the excess money from the economy before we started mass printing trillions again They are honestly threatening the concept of currency at this point. If the 2020 printing wasn't enough we are now feeling 20%+ inflation they are lying about and pretending is 7% while the printer needs turned back on meaning we need to raise rates higher but banks are already collapsing due to the rates. So they need to print to bail out more banks but that causes inflation so they need to raise rates. Not sure how much time this print cycle buys us but it's obvious no one in charge of the economy has any idea what they are doing so who knows.
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# ? Mar 16, 2023 14:11 |
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Red Baron posted:but that’s what happens when banks die, their amazing J-POW triggers go off and they are immediately reborn, more beautiful, resplendent, and rich than ever before! Bankdalf the white.
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# ? Mar 16, 2023 14:12 |
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Mr Hootington posted:Ah the the $2trillion (not qe) is theoretical. If all the bonds currently on the books as a loss are traded in then it is a $2trillion injection. well yeah the original tweet read "JP MORGAN: FEDERAL RESERVE’S EMERGENCY LOAN PROGRAM MAY INJECT AS MUCH AS $2 TRILLION OF FUNDS INTO THE US BANKING SYSTEM AND EASE THE LIQUIDITY CRUNCH""
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# ? Mar 16, 2023 14:12 |
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Edgar Allan Pwned posted:idk why but today feels more doomer than usual https://www.youtube.com/watch?v=QnNbgaFtzS8
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# ? Mar 16, 2023 14:13 |
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webcams for christ posted:well yeah the original tweet read "JP MORGAN: FEDERAL RESERVE’S EMERGENCY LOAN PROGRAM MAY INJECT AS MUCH AS $2 TRILLION OF FUNDS INTO THE US BANKING SYSTEM AND EASE THE LIQUIDITY CRUNCH"" yea but now that they know how much they could get do you think they’ll really be happy with anything less than that? have they ever been happy with everything?
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# ? Mar 16, 2023 14:14 |
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First Republic Bank is down 1/3 premarket...
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# ? Mar 16, 2023 14:15 |
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https://www.youtube.com/watch?v=9o2Oc2g-vTk
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# ? Mar 16, 2023 14:16 |
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50bps hike from ECB!
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# ? Mar 16, 2023 14:16 |
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first repossessed bank
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# ? Mar 16, 2023 14:17 |
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https://twitter.com/BusinessInsider/status/1636238613036822528?s=20
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# ? Mar 16, 2023 14:19 |
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what if we just gave everyone some hyperinflation who cares if some dumbo has to pay $500 to buy 1 egg i the amazing titan of industry still have my 900 trillion
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# ? Mar 16, 2023 14:20 |
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European Stocks go down (they are green for the day on the Euro Stoxx 50 but it's dropped 30 points in 3 minutes)
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# ? Mar 16, 2023 14:20 |
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forkboy84 posted:European Stocks go down (they are green for the day on the Euro Stoxx 50 but it's dropped 30 points in 3 minutes) Oh wait, make that dropped 45 points in 5 minutes. Rules
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# ? Mar 16, 2023 14:21 |
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https://twitter.com/DeItaone/status/1636356054610063362 https://twitter.com/financialjuice/status/1636356598258888706
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# ? Mar 16, 2023 14:23 |
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webcams for christ posted:50bps hike from ECB! Small possibility this could blow up credit suisse even with the injection lol The speech will be "dovish"
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# ? Mar 16, 2023 14:24 |
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Number is going to be mad that it didn't get a pause or pivot
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# ? Mar 16, 2023 14:24 |
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but it said in my magical ball that it was going to be paused
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# ? Mar 16, 2023 14:26 |
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Mr Hootington posted:Small possibility this could blow up credit suisse even with the injection lol I agree with JPMorgan on this prediction, but skeptical of UBS: https://twitter.com/FirstSquawk/status/1636262823742386178 I think they'll have to carve CS up into smaller bits Mr Hootington posted:The speech will be "dovish" Full ECB Statement
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# ? Mar 16, 2023 14:27 |
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How are they going to print their way out of this mess without lowering interest rates?
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# ? Mar 16, 2023 14:28 |
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"ECB has credibility restored."- cnbc contributer goldfish finance advisor clap trugdeon
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# ? Mar 16, 2023 14:29 |
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Mr Hootington posted:Small possibility this could blow up credit suisse even with the injection lol Sitting on investing dot com waiting for this poo poo to update. So far the most recent CS price is from before the ECB announcement.
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# ? Mar 16, 2023 14:29 |
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# ? Jun 8, 2024 08:51 |
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webcams for christ posted:I agree with JPMorgan on this prediction, but skeptical of UBS: The hope now is they can hold CS together until the takeover is finalized.
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# ? Mar 16, 2023 14:31 |