SVB Failed! Silicon Valley Bank.

[CB750F]

I think what's really BS is the Fed helping these banks out again. So you're going to let banks recklessly invest then reward them with another bailout? While this is a plus for thier customers it does nothing to punish the banks. You're right something is broke...our whole system!

https://www.thestreet.com/technolog...r-money-regulators-say?puc=yahoo&cm_ven=YAHOO

Agree Rob.
No one can take a 10-20% haircut, now, that's a problem.
Not sure how true, but 'they' are saying it would be that % for
those above the 250k.
It's only 100k here in Canada!!!! YICKS That's like 50k for you guys!

Sponsored

 

[CB750F]

just a personal opinion but I think it may be prudent for the Fed to pause another rate hike this qtr and see what happens, there is some downward pressure on prices, simply because people are increasingly tapped out in either savings or credit , the supply chain has gotten healthier but companies are reluctant to drop prices - most are still very profitable as consumers thus far haven't markedly changed their spending.

Would hope this banking incident serves as a red flag for the country to come to grips with its true financial status - overly burdened with debt and decades of overspending - but it won't, the house of cards will continue to rise until it collapses.

I was thinking your delusional till I got to last sentence ?

 

[AzScorpion]

I was thinking your delusional till I got to last sentence ?

I thought the same until his last sentence. lol

Agree Rob.
No one can take a 10-20% haircut, now, that's a problem.
Not sure how true, but 'they' are saying it would be that % for
those above the 250k.
It's only 100k here in Canada!!!! YICKS That's like 50k for you guys!

BTW it's Dave not Rob. ?

 

[CB750F]

I see where you're coming from but peoples personal debt is (mostly) their own fault. Most live WAY beyond their means and have a hard time defining wants and needs. My ex was a classic example. She always would say "I deserve" this or that which most times were something materialistic and expensive. Which was why she was thousands in debt with cc and always behind on her bills. Heck look at todays stock market. By all rights it should be in the red but it's not. Why, people people love bailouts! ?‍

I might sound heartless but I'm sick of watching people get bailed out, and propped up for doing the wrong thing. We get the ? end every time this happens. The Fed needs to stick to their plan and continue to raise rates otherwise inflation will continue to run rampant. But tomorrow will be the tell tail sign when the CPI numbers come in.

I concur.
Just remember, people can't handle the truth.
Or don't want to see it.
Love Jack.

https://www.google.com/search?q=a+f...#fpstate=ive&vld=cid:1da651a6,vid:9FnO3igOkOk

 

[CB750F]

I thought the same until his last sentence. lol


BTW it's Dave not Rob. ?

I'm French man, I can't tell the difference. You English names are
all the same. ?

 

[Fordup]

It's over, nothing to see here, no taxpayer money, not a problem, move on. This really makes me trust my Ranger transmission more then our leaders.
Wokness, ESGs, and crypto have a hold in many more institutions then the 2 that failed. I will wait for the fat lady to sing before declaring there's not more to come.

 

[dtech]

I see where you're coming from but peoples personal debt is (mostly) their own fault. Most live WAY beyond their means and have a hard time defining wants and needs. My ex was a classic example. She always would say "I deserve" this or that which most times were something materialistic and expensive. Which was why she was thousands in debt with cc and always behind on her bills. Heck look at todays stock market. By all rights it should be in the red but it's not. Why, people people love bailouts! ?‍

I might sound heartless but I'm sick of watching people get bailed out, and propped up for doing the wrong thing. We get the ? end every time this happens. The Fed needs to stick to their plan and continue to raise rates otherwise inflation will continue to run rampant. But tomorrow will be the tell tail sign when the CPI numbers come in.

people have become pawns, increasingly manipulated by the media and politicians - who because of supreme court rulings, influence peddling, etc are controlled by wealthy interests. The stock market is a great example, the top wealthiest 10% of the population own 80% of the stock market, the high values benefited a lot of CEOs and execs whose comp is largely tied to valuation, like you I punched out 50% of my stock holdings in Dec 2021, wishing I would have sold more. The folks who get hurt the worst when the bubble bursts are those whose retirement savings are in the market. Democracy was/is great but not when the wealthiest are allowed to impose their interests on the legislative process. There have been ideas to rein this in but none have gone anywhere.

 

[TXRangerTim]

It's over, nothing to see here, no taxpayer money, not a problem, move on. This really makes me trust my Ranger transmission more then our leaders.
Wokness, ESGs, and crypto have a hold in many more institutions then the 2 that failed. I will wait for the fat lady to sing before declaring there's not more to come.

As long as there is (allegedly) no taxpayer money used to fix it then most people will tune out the entire issue. When the next domino tips over, then some people will briefly watch the news until they get the same response or worse happens. Most people today only care about their personal wants.

 

[subquark]

FDIC is up to $500K with a joint account holder.

https://www.fdic.gov/resources/deposit-insurance/brochures/insured-deposits/

Only Dave would know this as he shields that sweet damper money. =D

Plus, that Silicone Valley Bank's got nuthin' on the Graphene Valley Bank!

 

[CB750F]

As long as there is (allegedly) no taxpayer money used to fix it then most people will tune out the entire issue. When the next domino tips over, then some people will briefly watch the news until they get the same response or worse happens. Most people today only care about their personal wants.

True, very sad.

 

[TJC]

Trying not to get political but it's predictable that politicians will seize the day and proclaim that more tax cuts will fix the problems - another patch that has proven to yield only short term relief. Agree with Dave the country as a whole has been living beyond it's means, enabled by increasing levels of borrowing, the debt is a result of wars, ill advised tax cuts, stimulus funding, bailouts and in general out of control federal spending. Economists who warned about the debt levels decades back were scorned same as politicians who warned fed debt posed a risk to national security .

All this can only be really cured by belt tightening, return to sound fiscal policies and pain as it will impact the standard of living for many.

But people will vote for whoever steps up and promises to "fix" the problem without any degree of pain - that is no longer possible.

sorry if this comes across as pessimistic but voodoo economics just don't work.

“A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship.”

- Alexander Tyler​

Professor of History, University of Edinburgh​

​

The statement was made regarding the fall of the Athenian Republic, but we (the USA) have once again validated his thoughts... we witnessing this happen from front row seats.

He also states how this will end... a dictatorship.

My humble prediction - they hold things together until the US announces a digital currency. This further strengthens the control over the money supply as well as the behavior of the citizenry.

 

[CB750F]

“A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse doe to loose fiscal policy, which is always followed by a dictatorship.”

- Alexander Tyler​

Professor of History, University of Edinburgh​

​

The statement was made regarding the fall of the Athenian Republic, but we (the USA) have once again validated his thoughts... we witnessing this happen from front row seats.

He also states how this will end... a dictatorship.

My humble prediction - they hold things together until the US announces a digital currency. This further strengthens the control over the money supply as well as the behavior of the citizenry.

I won't disagree with you.
Then again, maybe Ed is right, nothing to see here.

 

[TJC]

I won't disagree with you.
Then again, maybe Ed is right, nothing to see here.

Things move slow, until they don't!

 

[dtech]

“A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse doe to loose fiscal policy, which is always followed by a dictatorship.”

- Alexander Tyler​

Professor of History, University of Edinburgh​

​

The statement was made regarding the fall of the Athenian Republic, but we (the USA) have once again validated his thoughts... we witnessing this happen from front row seats.

He also states how this will end... a dictatorship.

My humble prediction - they hold things together until the US announces a digital currency. This further strengthens the control over the money supply as well as the behavior of the citizenry.

that's a great quote and so very true - human behavior is largely predictable. If not a formally stated dictatorship - a defacto one - we've seen hints at this in past administrations.

 

[Fordup]

Only Dave would know this as he shields that sweet damper money. =D

Plus, that Silicone Valley Bank's got nuthin' on the Graphene Valley Bank!

Is that listed under GVB ?? Sounds like another slow and slippery investment scheme to launder 5g investors.

Sponsored