Is The Economy Just Now Falling Apart

Declan said:
Silicon Valley Bank calls NYPD on investors trying to pull cash out https://www.dailymail.co.uk/news/ar...ull-cash.html?ito=native_share_article-bottom


That makes for gruesome reading.
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Coincidence?
photo1678558849.jpeg

www.svbsecurities.com

Joseph Gentile | Leerink Partners

Joseph Gentile is the Chief Administrative Officer at Leerink Partners. Prior to joining the Firm in 2007, Mr. Gentile served as the CFO for Lehman Brothers’ Global Investment Bank where he directed the accounting and financial needs within the Fixed Income division. Prior to that, he served as...
www.svbsecurities.com www.svbsecurities.com
 
bormotello said:
Coincidence?
View attachment 583
www.svbsecurities.com

Joseph Gentile | Leerink Partners

Joseph Gentile is the Chief Administrative Officer at Leerink Partners. Prior to joining the Firm in 2007, Mr. Gentile served as the CFO for Lehman Brothers’ Global Investment Bank where he directed the accounting and financial needs within the Fixed Income division. Prior to that, he served as...
www.svbsecurities.com www.svbsecurities.com
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These pricks, despite being useless, still seem to continue on like the battery bunny.

America is about bravado and brass necks. These shythehawks are so convinced they are superior that so do others.

Nobody says, the emperor has no clothes.
Nobody says, this lad is a useless fool in a fancy suit.
 
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Looking very dicey. This is Saturday in California.
 
Fed and FDIC discussing backstop to make SVB depositors whole and stem contagion fears: Source

www.cnbc.com

Fed and FDIC discussing backstop to make SVB depositors whole and stem contagion fears: Source

Financial regulators are discussing two different facilities to manage the fallout from the closure of Silicon Valley Bank.
www.cnbc.com www.cnbc.com



Looks like they are going to insure ALL DEPOSITS.

Well they can do that theft with one bank but not with many more. So it is a gamble, to prevent runs.

We shall see in 4 hours how markets react
 
finance.yahoo.com

Regulators seize Signature Bank in third-largest US bank failure

Signature Bank becomes the second regional bank to failure in two days as regulators seek to restore calm to the banking world before markets open.
finance.yahoo.com finance.yahoo.com

Signature Bank becomes the second regional bank to failure in two days as regulators seek to restore calm to the banking world before markets open.




And another bank is taken over.


AND ALL DEPOSITS ARE COVERED.
 
Declan said:
finance.yahoo.com

Regulators seize Signature Bank in third-largest US bank failure

Signature Bank becomes the second regional bank to failure in two days as regulators seek to restore calm to the banking world before markets open.
finance.yahoo.com finance.yahoo.com

Signature Bank becomes the second regional bank to failure in two days as regulators seek to restore calm to the banking world before markets open.




And another bank is taken over.


AND ALL DEPOSITS ARE COVERED.
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Not much change going to be left over for Piss Pants to go buying pop pops for his mate Zelensky.
 
Maybe a third bank will fail. They will have to scramble for cash with the debt limit reached.

So.etimes things don't break for a few days
 
Well we have seen some hours in suspended amination. The Dow futures were up about 375 and now 10 hours later they are just beginning to roll over and are up just 55.

Gold and silver are up.

The dollar is down. Watch the dollar
 
And 4 hours later the Dow futures are down about 175.

I see silver up over a dollar on very heavy volume.

Silver is heavily traded down so there would be major stress if the futures head up and would kill the shorts
 
Well gold is up 50 bucks anywY, that is a start.
 
Bottom line is that something has to give , and it looks like the dollar. But it is deceptive as the other currencies are dead ducks also.
 
Looks like the Dow can't stay positive on the day.
 
Declan said:
Bottom line is that something has to give , and it looks like the dollar. But it is deceptive as the other currencies are dead ducks also.
Click to expand...

China's efforts to get the Islamic Republic of Iran and Saudi Arabia to patch things up seem to bearing some fruit and this could very possibly mean that the "petro-dollar" may soon be in trouble. Maybe moving to Madrid might be a good idea after all.
 
Declan said:
Today the price of West Texas Crude is again up above 82 dollars. Heating oil is going to be 45% higher than last year, about $600 extra.

Everything is set up for a dramatic turn of events now..
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I was surprised to learn how much Europe still relies on heating oil. No such thing downunder, everything's gas.
 
Made some good money yesterday on Bitcoin, purchased at a low month back, and was thinking I had wasted 10k, but yesterday it climbed 10% before dropping, a nice 1k profit.

The moral of the story is when shit is about to hit the fan, cash in!
 
Ramsay Bolton said:
Made some good money yesterday on Bitcoin, purchased at a low month back, and was thinking I had wasted 10k, but yesterday it climbed 10% before dropping, a nice 1k profit.

The moral of the story is when shit is about to hit the fan, cash in!
Click to expand...
Works great til it doesn't.

But buying the dip has worked now for almost 40 years.
 
Declan said:
Works great til it doesn't.

But buying the dip has worked now for almost 40 years.
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Honestly, every man and their dog thinks they're Gordon Gecko now, but the truth is the vast majority of them (95%) would be better off just continually adding to an Index like the SPY. It's nice to get things on sale, but buying the dip is very high-risk and you still have to be able to work out which way the puck is flying. Problem with that is the easiest person to convince is yourself.

Best dip I've bought over the last few was AMD, during the last tech collapse. Total no-brainer.
 
I think the best comparison of the world economy today is a fella who's been on a lot of opioid pills for decades, the withdrawal will kill him if he stops or liver and kidney failure will kill him if he keeps going
 
The $17 billion wipeout of Credit Suisse bondholders has not gone down well

www.cnbc.com

The $17 billion wipeout of Credit Suisse bondholders has not gone down well in Europe

Credit Suisse’s additional tier one bonds are set to be wiped out following the struggling bank’s takeover by UBS.
www.cnbc.com www.cnbc.com



With all this money being lost and all these jobs being lost in high tech and elsewhere, we are just waiting for the disastrous reports to be issued.

We are 10 months into declining real estate sales and reports are that there are huge numbers behind on their car payments.

This Wednesday the Fed will announce it rate stance. It can't really go 0.5 so it is expected to be 0.25 and an announcement of a hold going forward.
 
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I am calling a low here and have loaded up on June Call Options at $50 and $55
 
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