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(Thread IKs: skooma512)
 
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webcams for christ
Nov 2, 2005

Mr Hootington posted:

Lmao at bank stocks eating poo poo because investors are terrified they will not be made whole if a bank implodes.

Credit Suisse is a good preview for what that will look like:

e:

All Time:


Today (lol):

webcams for christ has issued a correction as of 14:47 on Mar 13, 2023

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webcams for christ
Nov 2, 2005


Matt Levine back in 2022:

webcams for christ
Nov 2, 2005

PostNouveau posted:

Does a bank's stock price matter at all for depositors? Seems like that was the main concern for widespread financial meltdown.

Not to most Credit Suisse depositors at least

webcams for christ
Nov 2, 2005

big FX swings too DXY down 0.7% and the Swiss Franc nearing an 18-month high

webcams for christ
Nov 2, 2005


lol

webcams for christ
Nov 2, 2005

https://twitter.com/business/status/1635280449609273344

webcams for christ
Nov 2, 2005

Bloomberg with a very good visualization

webcams for christ
Nov 2, 2005

SKULL.GIF posted:

We lost 3 banks over the course of a week last week.

We're about to lose 3 more in one day.

this is normal, actually

webcams for christ
Nov 2, 2005

this is good for bitcoin

webcams for christ
Nov 2, 2005

still skeptical that share values cratering alone is enough to bring down more banks today. I want to see figures on how much depositors are pulling out- more decisive imo

webcams for christ
Nov 2, 2005

Dick Bove is correct:

webcams for christ
Nov 2, 2005

Thank You Joe

https://twitter.com/bbcbreaking/status/1635291796627660801

webcams for christ
Nov 2, 2005

wait what lmao

https://twitter.com/firstsquawk/status/1635298380594442241

webcams for christ
Nov 2, 2005

still seething about this



e:

webcams for christ
Nov 2, 2005

Edgar Allan Pwned posted:

we're emptying our banks? does this include ally

afiak more people are dumping bank shares than emptying their accounts

webcams for christ
Nov 2, 2005

I like this take

https://twitter.com/BloombergAsia/status/1635305355352653825?s=20

Ven Ram posted:

When any entity in the global economy goes under, it’s traditional to blame policy tightening — and it’s no different following the collapse of Silicon Valley Bank.

But the truth is actually the opposite: it’s those low global interest rates for way too long that prevailed in the run-up and in the immediate aftermath of the pandemic that spawned complacency. When the top end of the Federal Reserve’s benchmark was a mere 0.25%, the European Central Bank’s policy rate was -0.50% and the Bank of England’s a mere 0.10%, it was easy to think that even a rebound in interest rates would be anemic.

We got an initial warning shot about the danger of ultra-low interest rates when the pension fund industry was thrown into turmoil last year in the UK. Extremely low rates had forced them to leverage on swaps, and we know how the gilts’ market was upended last autumn. We have got a fresh taste of it again.

webcams for christ
Nov 2, 2005

Good Soldier Svejk posted:

couldn't it just be that they were mismanaged?

yes. "cheap" money for years and years made it so that all kinds of dipshits could leverage themselves to the tits. but would've likely been less prevalent in a scenario where interest rates were higher

webcams for christ
Nov 2, 2005

actionjackson posted:

so depositers will be made whole through an "insurance fund?" what is that?

the government is levying a "Fee" (don't call this a tax!) on banks to fund their actions. the banks totally reassure us the costs of this "Fee" definitely won't be passed onto customers

webcams for christ
Nov 2, 2005


lmao

webcams for christ
Nov 2, 2005

https://twitter.com/HeerJeet/status/1635299084390092801

webcams for christ
Nov 2, 2005

:69snypa:

https://twitter.com/lines_down/status/1635317041862438912

webcams for christ
Nov 2, 2005


CS will get even better terms from the SNB than SVB did from the FDIC

webcams for christ
Nov 2, 2005

https://twitter.com/RepThomasMassie/status/1635316221108449280

and some bloomberg updates:

quote:




webcams for christ
Nov 2, 2005


yeah gently caress it sure if you're gonna load children up with lunch debt might as well be to the benefit of Kraft Foods

webcams for christ
Nov 2, 2005


AI loving rules. really happy for the things OpenAI is doing for our Information Economy

webcams for christ
Nov 2, 2005


Unusual Whales often posts in bad faith like FXHedge, and to a lesser extent Zerohedge

webcams for christ
Nov 2, 2005

Glumwheels posted:

They’re all chuds FYI

yeah that's like 99% of fintwit, including our dear Walter Bloomberg but he has the good sense to keep a lid on it. his discord server is an absolute cesspool

webcams for christ
Nov 2, 2005

https://twitter.com/financialjuice/status/1635339956100136963

5% inflation is here to stay

webcams for christ
Nov 2, 2005

FlapYoJacks posted:

I was going to post more school lunch examples from around the world but it started to make me really sad when I saw that a lot of places in Africa are providing better school lunches than here. :smith:

oh my how depressing that even AFRICANS have better school lunches than Americans!

webcams for christ
Nov 2, 2005

https://twitter.com/josephpolitano/status/1635349877822750720

https://twitter.com/josephpolitano/status/1635352010638901249

webcams for christ
Nov 2, 2005

lol accountability

https://twitter.com/business/status/1635406157178126338

e: gently caress

webcams for christ
Nov 2, 2005

This is how Bloomberg is spinning the CPI print

https://twitter.com/economics/status/1635624355567742976

webcams for christ
Nov 2, 2005

Number seems pleased initially

webcams for christ
Nov 2, 2005

good visualization

https://twitter.com/robinbrooksiif/status/1635629596140765188

webcams for christ
Nov 2, 2005

https://twitter.com/josephpolitano/status/1635625832432431106

webcams for christ
Nov 2, 2005

Meta folds on NFTs

https://twitter.com/web3isgreat/status/1635430939168849923

certainly related:

https://twitter.com/firstsquawk/status/1635629318591193090

webcams for christ
Nov 2, 2005

Eric Cantonese posted:

I get why you guys are dunking on Twitter economists for admitting that they don't know what's going on, but I at least appreciate them saying they don't know what's going on rather than just stubbornly admitting that their original position was correct.

what drives me insane is that both economists and even posters itt (myself definitely included) are generally always talking about inflation on the Fed's terms: they're solely responsible for Price Stability (divined to be 2% inflation), and that the appropriate mechanism for disinflation is raising interest rates, and all of the downstream consequences that implies (aka Volcker Shock). when I'm having conversations about inflation with irl friends, I find myself constantly having to throw out disclaimers about how this arrangement is a political choice, and how reasonably-targeted Taxes can be extremely deflationary in a much more direct way, but of course new taxes are barely more of a realistic hope than Full Communism in the USA any time soon

webcams for christ
Nov 2, 2005


good for them I guess. we need more of the right kind of class traitor

webcams for christ
Nov 2, 2005

Americans can't afford new H&M anymore

https://twitter.com/bloombergasia/status/1635677593272823809

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webcams for christ
Nov 2, 2005

SKULL.GIF posted:

If anything Twitter was the reason the unprecedented bailout happened.

The FDIC has ensured all depositors were made 100% whole since 2008. they remained consistent with the precedent. it's mainly noteworthy because of the size of the SVB bailout really caused everyone to realize the 250k limit is only on paper, and they updated their policy on underwater treasuries

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