(Thread IKs:
skooma512)
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Jay’s here to gently caress banks and print money… and he’s all out of money.
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Apr 30, 2023 13:45
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| # ? May 25, 2024 17:59 |
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Stereotype posted:cool so the fed explicitly knew that if they kept raising a number this specific bank would fail, but then they did it anyway and didn't warn anyone everyone knew that. The bank disclosed its asset mix quarterly! The asset mix itself was "fine" until there was a bank run, so while they were in a position where a bank run would kill them, it took idiot VCs triggering the bank run to actually kill them. The fed didn't stop raising rates because, unironically, that's the bank's idiot management problem and not the fed's problem. The fed knows raising rates will cause many business to struggle, and some to fail - including the banks they supervise.
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Apr 30, 2023 13:49
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maybe SVB should have shown some personal responsibility and not left itself open to higher interest rate risk
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Apr 30, 2023 14:00
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ArmZ posted:maybe SVB should have shown some personal responsibility and not left itself open to higher interest rate risk I mean, close to literally true. The other banks hedged their risk or didn't pile on as much 
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Apr 30, 2023 14:16
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it's amazing to me that people will freak out over activist judges or un-elected people doing much of anything but no one seems to care about Jerome
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Apr 30, 2023 14:24
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RealityWarCriminal posted:it's amazing to me that people will freak out over activist judges or un-elected people doing much of anything but no one seems to care about Jerome Yeah its almost like the punitive and ultimately deadly power of economic control is obfuscated politically and culturally or something It's got to be real easy to wage class war when your offensive strikes are regarded as immutable forces of nature akin to the weather and not deliberately engineered sabotage
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Apr 30, 2023 14:30
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 the economy bad lever has actually been pulled and no one cares
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Apr 30, 2023 14:36
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this would be p funny but I'm not getting my hopes up https://twitter.com/aftxcreditor/status/1652430145305604097
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Apr 30, 2023 14:46
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coelomate posted:I mean, close to literally true. The other banks hedged their risk or didn't pile on as much i think the specific way they loaded all their investments into long term treasuries they managed to fit into a category which meant that they didn’t require the oversight they would normally have had with the risk profile they created
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Apr 30, 2023 15:06
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Stereotype posted:cool so the fed explicitly knew that if they kept raising a number this specific bank would fail, but then they did it anyway and didn't warn anyone doesn't the bank have people there that realize how exposed their position is?
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Apr 30, 2023 15:07
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FizFashizzle posted:doesn't the bank have people there that realize how exposed their position is? its a very hard thing when salaries depend on doing the opposite
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Apr 30, 2023 15:09
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To be fair, arguing that the Fed should have paused because of known risks is a bit like saying that you shouldn't remove life support because the patient is brain dead and will never breathe on their own again. You either have to take widespread regulatory action to force banks out of these positions or admit that the economy can never again survive without a low rate environment. "The Fed actually cannot control interest rates because some banks are dumb" is not a statement of confidence in the US economy.
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Apr 30, 2023 15:17
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The wise shepherd knows that sometimes you just want to have mutton for dinner.
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Apr 30, 2023 15:48
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FizFashizzle posted:doesn't the bank have people there that realize how exposed their position is? That makes number not go up though.
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Apr 30, 2023 15:53
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The economy is humming and there is a boom without end
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Apr 30, 2023 16:01
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FizFashizzle posted:doesn't the bank have people there that realize how exposed their position is? Lol I was literally fired from my last job for pointing out the obvious and refusing to ‘correct’ myself.
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Apr 30, 2023 16:05
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The Fed: "Not my problem - blame the FDIC!"
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Apr 30, 2023 16:07
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Zodium posted:can you elaborate a bit on what problems niches not going away after a mass extinction poses for this view? what is an example of the solution sets that arise from it you mean? I understand what you're saying, but I think I don't grasp your meaning. assumption: that the complex system of an ecosystem which changes by evolution is analogous to the complex system of human economy and that it over time also changes by evolution. assumption 2: that a mass extinction in an ecosystem is functioning in an equivalent way to a violent revolution in a state or economy in terms of what happens to the system. if niches in ecosystems eventually reappear after extinction events, then economic niches would eventually reappear after revolutionary events, filled by different species (societal groups/individuals), but doing the same things to survive after an interregnum The specializations you are posting about are niches. Classes are categories of economic niches.
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Apr 30, 2023 16:14
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and I’m probably right zodium looking at the long term historical outcomes of both bourgeoisie and socialist revolutions. it means the problem of controls and stability, is always the problem, and it is not erased by revolution.
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Apr 30, 2023 16:19
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https://twitter.com/CGasparino/status/1652681578869301251
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Apr 30, 2023 16:21
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Nodelphi posted:Jay’s here to gently caress banks and print money… and he’s all out of money. oh, he better print some then
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Apr 30, 2023 16:22
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PNC Bank is acquiring ill-fated itself?  (Yes, I know it's First Republic, just kind of funny)
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Apr 30, 2023 16:23
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https://twitter.com/DeekeTweak/status/1652167292640276480?t=7-9lH1aBgUyw_-tD0Dx1dQ&s=19
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Apr 30, 2023 16:26
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Horseshoe theory posted:PNC Bank is acquiring ill-fated itself? It’s that one weird trick banks use to reset their own books.
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Apr 30, 2023 16:26
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no one wants to game any more
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Apr 30, 2023 16:26
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Horseshoe theory posted:PNC Bank is acquiring ill-fated itself? Depends on if the FDIC takes the toxic FRB assets or if PNC has to take the liabilities.
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Apr 30, 2023 16:27
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gradenko_2000 posted:https://twitter.com/DeekeTweak/status/1652167292640276480?t=7-9lH1aBgUyw_-tD0Dx1dQ&s=19 $70 is just like the bare bones game. If you want the full experience you need to drop like $120 on the super deluxe edition that contains the actual contents of the game
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Apr 30, 2023 16:29
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gradenko_2000 posted:https://twitter.com/DeekeTweak/status/1652167292640276480?t=7-9lH1aBgUyw_-tD0Dx1dQ&s=19 It’s almost like Valve figured out that many massive discounts throughout the year on digital goods drive a huge increase in sales numbers. Maybe Sony should look into that.
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Apr 30, 2023 16:29
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I am not at all surprised that screaming about the inflation-adjusted cost of video games is not sufficient to overcome people's gut reaction that $70 is too much loving money to spend on a single video game.
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Apr 30, 2023 16:31
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Pittsburgh
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Apr 30, 2023 16:33
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Woke Mind Virus posted:Pittsburgh Pittsburgh will grow stronger
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Apr 30, 2023 16:37
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Orvin posted:It’s almost like Valve figured out that many massive discounts throughout the year on digital goods drive a huge increase in sales numbers. Maybe Sony should look into that. I randomly played Odyssey because it was on gamepass and they were still hawking full price skins and their weird online currency system. A.) this game is five years old B.) this isn’t dota C.) the skills are so loving broken by the end I could have been holding a stick and jug of wine and murdered Medusa
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Apr 30, 2023 16:39
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Woke Mind Virus posted:Pittsburgh thread title
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Apr 30, 2023 16:41
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ill fated PNC Bank, you heard it here first folks
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Apr 30, 2023 16:45
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Video games have been 60 dollars forever it's almost nostalgic.
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Apr 30, 2023 16:46
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congrats on buying a dead lovely bank pisseburgh
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Apr 30, 2023 16:46
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Like the price tag is so familiar it's part of the culture.
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Apr 30, 2023 16:46
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Paradoxish posted:I am not at all surprised that screaming about the inflation-adjusted cost of video games is not sufficient to overcome people's gut reaction that $70 is too much loving money to spend on a single video game. Mostly because the inflation doesn't hit our loving salaries at all. I haven't a doubt that Sony executives are making 20% more than when 60 bucks hit, but most of us aren't
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Apr 30, 2023 16:47
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FizFashizzle posted:I randomly played Odyssey because it was on gamepass and they were still hawking full price skins and their weird online currency system. I most checked out from the series a long time ago but I honestly enjoyed the combat mechanics of the first game. They were a little clunky but the fact that you had to constantly juggle actions between opponents and there weren’t that many skills or items allowed you just to concentrate on the action at hand.
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Apr 30, 2023 16:50
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| # ? May 25, 2024 17:59 |
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Assassin's Creed Origins did Caesar dirty
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Apr 30, 2023 16:52
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