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(Thread IKs: skooma512)
 
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Mr Hootington
Jul 24, 2008

I'M HAVING A HOOT EATING CORNETTE THE LONG WAY

coelomate posted:

if you're a billionaire you should have your billions in short term us treasuries. no bank risk and 4.5% interest dummy.

Bank accounts aren't GOOD. They suck. They're just necessary for payroll and poo poo.

It is 4% now

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coelomate
Oct 21, 2020


https://twitter.com/DeItaone/status/1635260024330293248

do it jerome the euros think it's cool

https://twitter.com/FirstSquawk/status/1635260446063349761

hmmm

coelomate has issued a correction as of 13:52 on Mar 13, 2023

comedyblissoption
Mar 15, 2006

the entire reason people use insured deposits and pay the associated fees is they are making a bet that the bank will fail

there is insurance because banks routinely fail! it's not some unforeseen circumstance!

not investing giant dragon hordes of money and wanting liquidity is its own bet!

Mr Hootington
Jul 24, 2008

I'M HAVING A HOOT EATING CORNETTE THE LONG WAY
Lol krugman
https://twitter.com/paulkrugman/status/1635260909403897858?t=AsC5BDdFQ7ggKD8NvXZl0g&s=19


Lol markets insane
https://twitter.com/DeItaone/status/1635258413251985410?t=qf1-juD6HAzN6-7UQEcmeQ&s=19

coelomate
Oct 21, 2020


Mr Hootington posted:

It is 4% now

Heh, yeah, markets are definitely thinking we may have a PIVOT. But not that bad yet.

fed funds is 4.57 as of friday and IIRC declared in the 4.5 - 4.75 range. Yields will girate but short term ones shouldn't dip meaningfully below that. I see a 1 month quote at 4.489 right now

Marx Headroom
May 10, 2007

AT LAST! A show with nonono commercials!
Fallen Rib
ceci n'est pas une bailout

Knitting Beetles
Feb 4, 2006

Fallen Rib
I didn't know bank runs cure inflation, but I'm not an economist

Nothus
Feb 22, 2001

Buglord

What is he talking about? Everyone knows Uncle Sam will step in an fix everything with the money printer if they gently caress it up too badly

comedyblissoption
Mar 15, 2006

also, putting so much money in a single uninsured deposit and institution such that the very existence of your own business and being able to make payroll disappearing overnight is its own terrible bet! random people off the street have better financial acumen

Spaced God
Feb 8, 2014

All torment, trouble, wonder and amazement
Inhabits here: some heavenly power guide us
Out of this fearful country!



Blood?

SKULL.GIF
Jan 20, 2017


Mr Hootington posted:

2 year treasurers yield is down .52BPS. :prepop:

This is because people are rushing to move money from equities into bonds.

Nodelphi
Jan 30, 2004

We are all quite capable of believing in anything as long as it's improbable.

Ham Wrangler
Goons: Blood!

*extracts blood from goons*

Goons: No, not like that…

FUCK COREY PERRY
Apr 19, 2008



bank death
Bank Death
BANK DEATH

Mr Hootington
Jul 24, 2008

I'M HAVING A HOOT EATING CORNETTE THE LONG WAY
A good Clip and she is right.
https://twitter.com/0ddette/status/1635259675485831170?t=k96MMRgv-VHZEbi6kBZPEw&s=19
https://twitter.com/0ddette/status/1635261561320374272?t=rJiOzaXC8GQ1eCXhuJ1sGg&s=19

SKULL.GIF
Jan 20, 2017


2008: Banks have a liquidity crisis, Fed steps in to guarantee liquidity
2023: Banks have a solvency crisis, Fed steps in to guarantee solvency

What happens now?

Rectal Death Adept
Jun 20, 2018

by Fluffdaddy

SKULL.GIF posted:

2008: Banks have a liquidity crisis, Fed steps in to guarantee liquidity
2023: Banks have a solvency crisis, Fed steps in to guarantee solvency

What happens now?

Buy the dip, number go up

Pepe Silvia Browne
Jan 1, 2007
Banks have an existential crisis

shrike82
Jun 11, 2005

someone should benchmark an inverse skull.gif index

SKULL.GIF
Jan 20, 2017


shrike82 posted:

someone should benchmark an inverse skull.gif index

We've been in a bear market for 14 months now.

coelomate
Oct 21, 2020


brandon about to take the mic and tell us it's fine and to go back to bed

coelomate
Oct 21, 2020


"Before I leave for California I want to briefly speak about what's happening at SVB and Signature Bank"

coelomate
Oct 21, 2020


We can have confidence in our banking system and our deposits everyone!

breathe easier

coelomate
Oct 21, 2020


"I instructed my team to act quickly to protect capital and investors"

gradenko_2000
Oct 5, 2010

HELL SERPENT
Lipstick Apathy

Mr Hootington posted:

A good Clip and she is right.

good posts

Mr Hootington
Jul 24, 2008

I'M HAVING A HOOT EATING CORNETTE THE LONG WAY

coelomate
Oct 21, 2020


"Treasury Secretary Yellen and a team of regulators took immediate action to bail out fart apps, fart app investors, and fart app speculators."

19 o'clock
Sep 9, 2004

Excelsior!!!

comedyblissoption posted:

also, putting so much money in a single uninsured deposit and institution such that the very existence of your own business and being able to make payroll disappearing overnight is its own terrible bet! random people off the street have better financial acumen

but I have a lot invested in this bet

SKULL.GIF
Jan 20, 2017


Early but it doesn't sound like Brandon's telling us anything new. Just recapping the weekend

https://i.imgur.com/RFzS1q6.gifv

coelomate
Oct 21, 2020


"That's how capitalism works, Jack"

SKULL.GIF
Jan 20, 2017



https://twitter.com/DeItaone/status/1635265194594291716

my bony fealty
Oct 1, 2008


does he not know airplanes have wifi you can buy

this is the third "oh no I have to get on airplane while news is happening" tweet I've seen about this, from people who can clearly afford a $10 wifi pass

Iron Crowned
May 6, 2003

by Hand Knit

SKULL.GIF posted:

We've been in a bear market for 14 months now.

when does it become a twink market?

Sweeper
Nov 29, 2007
The Joe Buck of Posting
Dinosaur Gum
investors took a risk, but people keeping money over fdic limits did not take a risk

thanks joe

Floor is lava
May 14, 2007

Fallen Rib
man he sounds sleeper than me this morning

declare today national nap day

Zeroisanumber
Oct 23, 2010

Nap Ghost

SKULL.GIF posted:

2008: Banks have a liquidity crisis, Fed steps in to guarantee liquidity
2023: Banks have a solvency crisis, Fed steps in to guarantee solvency

What happens now?

Bet it on black in Vegas. Might as loving well.

my bony fealty
Oct 1, 2008

Iron Crowned posted:

when does it become a twink market?

wake me up when its a cougar market

RealityWarCriminal
Aug 10, 2016

:o:

my bony fealty posted:

does he not know airplanes have wifi you can buy

this is the third "oh no I have to get on airplane while news is happening" tweet I've seen about this, from people who can clearly afford a $10 wifi pass

it's an excuse

Death By The Blues
Oct 30, 2011
https://twitter.com/business/status/1635265083751165952

He looks so bad

RealityWarCriminal
Aug 10, 2016

:o:
recession averted. we did it.

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Sweeper
Nov 29, 2007
The Joe Buck of Posting
Dinosaur Gum
well announcement was a bunch of poo poo as expected I suppose, too bad

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