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skooma512)
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Cpt_Obvious posted:How are they going to print their way out of this mess without lowering interest rates? shut the gently caress up, freedom hater https://www.youtube.com/watch?v=TmoeZHnOJKA&t=18s
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Mar 16, 2023 14:31
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Congrats to First Republic for dropping 30%
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Mar 16, 2023 14:31
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forkboy84 posted: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. looks stable in the 5 minutes after the announcement: 
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Mar 16, 2023 14:31
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Yeah that speech is dovish as gently caress. Markets would rip 3% if j-pow gave a speech like that.
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Mar 16, 2023 14:34
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Fun little detail. They have a list of all the volume of trades (I dunno over what time period but doesn't matter, it's the same for every stock). Credit Suisse at 135.87M, the next most traded on the Swiss exchange is UBS at less than 1/10th of that, 12.14M. Penny stock rear end bank
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Mar 16, 2023 14:35
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Lol. All of this stupid bullshit just mean that our rent is gonna sky rocket in couple of months doesn't it?
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Mar 16, 2023 14:40
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NeonPunk posted:Lol. All of this stupid bullshit just mean that our rent is gonna sky rocket in couple of months doesn't it? If you're not in a house you can afford rip
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Mar 16, 2023 14:40
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CS and UBS are kind of rotating villains. in 2008, UBS got the biggest bailout in Swiss history with an emergency 9.3% stake at 6 Billion CHF, plus a 62 billion franc guarantee for for bad securities. now the shoe's on the other foot. if Credit Suisse actually somehow survives and completes restructuring, they may win back some reputation as having "reformed" just in time for tons of UBS crimes to come to light
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Mar 16, 2023 14:44
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remember the sturm und drang around TARP, priced @800 Billie? simpler times…
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Mar 16, 2023 14:46
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2 trillion is a wild amount w/o any Public Discourse
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Mar 16, 2023 14:47
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um actually, it's up to 2 trillion so it's fine
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Mar 16, 2023 14:53
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Junkiebev posted:2 trillion is a wild amount w/o any Public Discourse tack it on to the 10 trillion or w/e it was that got transferred to private hands 3 years ago with so little discussion that Bill Maher said it never happened lol
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Mar 16, 2023 14:53
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NeonPunk posted:Lol. All of this stupid bullshit just mean that our rent is gonna sky rocket in couple of months doesn't it? fortunately the rent you actually pay doesn't contribute to inflation, just what a bunch of suburbanites think they could rent their mcmansions on roads with no sidewalks out for
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Mar 16, 2023 14:53
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Junkiebev posted:remember the sturm und drang around TARP, priced @800 Billie? Lol the "Paycheck" Protection Program grift was $930b
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Mar 16, 2023 14:55
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Doomsday Economics https://twitter.com/Reuters/status/1636316402704433154
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Mar 16, 2023 14:56
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Pepe Silvia Browne posted:tack it on to the 10 trillion or w/e it was that got transferred to private hands 3 years ago with so little discussion that Bill Maher said it never happened lol I mean, either way, it makes TARP sound quaint as gently caress like grandpa talking about five cent candy bars
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Mar 16, 2023 14:57
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SKULL.GIF posted:Doomsday Economics nice vacation you've got planned....... it'd be a shame if something were to happen to it
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Mar 16, 2023 14:58
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SKULL.GIF posted:Doomsday Economics Guess I'd never have paid time off if I had a job.
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Mar 16, 2023 14:58
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I think TARP may very well be the last financial action that was subject to The Discourse
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Mar 16, 2023 14:59
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Guess that puts an end to unlimited PTO since the whole reason for it was to skirt around PTO as comp on seperation.
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Mar 16, 2023 14:59
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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. Not sure I understand this objection. Why would any eligible financial institution with unrealized losses in bonds not take advantage of the program? Even if they're not in any real financial distress it's free money, and not participating is leaving money on the table. According to the Federal Reserve eligible institutions have until at least March 2024 to apply, so it will be a while before the full amount "loaned" is known: quote:Program Duration: Advances can be requested under the Program until at least March 11, 2024.
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Mar 16, 2023 15:00
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the banks are rock hard this morning. thank you for asking.
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Mar 16, 2023 15:03
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SKULL.GIF posted:Doomsday Economics lol oh boy is that huge especially since most people get sick days rolled into vacation as general PTO anymore
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Mar 16, 2023 15:03
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miss your productivity numbers because you're sick all the time (because we let a disease run rampant)? We're taking your sick time away, eat poo poo.
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Mar 16, 2023 15:04
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SKULL.GIF posted:Doomsday Economics Ok, everybody take off the week of Jan 1 every single year, got it
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Mar 16, 2023 15:07
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This really fucks with people who have been banking PTO for a payout when they leave the job and/or retire, too.
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Mar 16, 2023 15:08
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SKULL.GIF posted:Doomsday Economics Thank you Bush appointed judges!
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Mar 16, 2023 15:08
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i think the uber/lyft one also got struck down as well this week screwing over gig workers even more
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Mar 16, 2023 15:09
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SKULL.GIF posted:Doomsday Economics lmfao well, i'm glad my dad got to retirement age at least 
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Mar 16, 2023 15:10
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HallelujahLee posted:i think the uber/lyft one also got struck down as well this week screwing over gig workers even more Yes. In california
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Mar 16, 2023 15:10
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The 3rd Circuit panel said that while a salary is a fixed amount of compensation paid out at regular intervals, paid time off is a fringe benefit that has no effect on a worker's wages and can be paid irregularly, such as when an employee leaves a company. New Jersey-based Bayada operates in 23 states and has about 28,000 employees. The company's lawyers did not immediately respond to a request for comment. Nor did lawyers for the plaintiffs. A group of Bayada employees, including nurses, physical therapists and social workers, sued the company in Scranton, Pennsylvania federal court in 2016. They said that because Bayada deducted PTO when employees did not reach a weekly productivity quota, they were paid based on how much they worked and were not salaried employees exempt from overtime pay under the federal Fair Labor Standards Act. Love our totally legitimate courts
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Mar 16, 2023 15:13
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SKULL.GIF posted:Doomsday Economics thank god i have unlimited time off aka no pto. can't take away from me what i dont have!
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Mar 16, 2023 15:13
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Pepe Silvia Browne posted:lmfao well, i'm glad my dad got to retirement age at least Is he 70 yet? Because I can see them trying to grow the labor pool by changing the age requirement to 70 and kicking off everyone under 70
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Mar 16, 2023 15:15
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Does this supersede states that have laws requiring employers pay out PTO? I know in places like CA it's literally the law they have to pay out accrued PTO (hence why SV startups all gravitated so quickly towards "unlimited" PTO)
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Mar 16, 2023 15:15
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spacemang_spliff posted:The 3rd Circuit panel said that while a salary is a fixed amount of compensation paid out at regular intervals, paid time off is a fringe benefit that has no effect on a worker's wages and can be paid irregularly, such as when an employee leaves a company. sweet satan lol
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Mar 16, 2023 15:15
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webcams for christ posted:CS and UBS are kind of rotating villains. in 2008, UBS got the biggest bailout in Swiss history with an emergency 9.3% stake at 6 Billion CHF, plus a 62 billion franc guarantee for for bad securities. now the shoe's on the other foot. if Credit Suisse actually somehow survives and completes restructuring, they may win back some reputation as having "reformed" just in time for tons of UBS crimes to come to light Just shotgun marry Credit Suisse and UBS - bing bong, so simple!
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Mar 16, 2023 15:17
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Blood is paused everywhere but First Republic, which is eating more and more poo poo.
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Mar 16, 2023 15:17
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our dumbass nation is a bit weird but im guessing a federal law supersedes state law
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Mar 16, 2023 15:18
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Beached Whale posted:Does this supersede states that have laws requiring employers pay out PTO? I know in places like CA it's literally the law they have to pay out accrued PTO (hence why SV startups all gravitated so quickly towards "unlimited" PTO) You know it will. States rights begins and ends at exploiting and oppressing the populace.
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Mar 16, 2023 15:18
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| # ? May 24, 2024 13:44 |
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coelomate posted:Blood is paused everywhere but First Republic, which is eating more and more poo poo. Huh. From what I'm looking at, various tech stocks seem to be inching back up, but all three of the major US indexes are down.
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Mar 16, 2023 15:19
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