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Sigh Yep. This is why I no longer bet again the banks. Rules for thee.

Keeping my powder dry until I see what level the Jenga tower collapses to. Might be some very good opportunities to get good companies on sale over the course of the next month. Still haven't ruled out CS. It's a brand. We'll have to see how it shakes out.

Banking is undefeated Dec. That's all I'm going to say. Rootin' for those calls to happen for you regardless.

Also hearing that pretty much all the brokers aren't honouring puts on crashing bank stonks. SBNY in particular. They're straight up not allowing holders with expiration dates as of current US date to exercise them. It's fucking madness. Be careful moving forward if you want to play options on...

My feeling, especially based on Yellen's recent statements, is that the fed will allow some to fail to concentrate wealth in the hands of the big fish. Smaller banks will likely eat shit.The message I took away from that session was more or less 'Only ever deposit your money in a bank that can't...

Declan I wouldn't be overly bullish on bank collapses. Most--the vast majority of them are not SVB, which was so bad that around 80% of its assets were toxic bonds that were totally uninsured and not backed by liquidity. Basically they were running almost entirely on leverage that was backed by...

Now that we do agree on.

I assure you that real inflation is substantially higher than 6.1% in the US. Remember, CPI although a very good metric, doesn't catch everything in the basket, and to get a clearer picture of things you have to look at PPI also. The price of heating oil in the EU has nothing to do with...

Ok, that's it. I'm going to bed. https://www.cnbc.com/2023/03/16/credit-suisse-shares-soar-30percent-on-swiss-national-bank-loan-announcement.html

Right. So here's my theory about this, having lived through the GFC etc et al. The answer is: Nothing. Nothing need be sacrificed. The 2000's taught me that the banking and finance sectors are invincible. They're basically like the facehugger stage of the xenomorph species in the Alien...

Stacking silver and calling oneself a trader is like rutting a fleshlight and telling everybody you hit perfect pussy every night. The day I shadow penne ante metal bugs is the day I quit trading for good. The argument always boils down to something like this: 'Just you wait, faggot. Just you...

There is as much chance of Deutsche Bank defaulting as there is of Margot Robbie calling me tonight to ask me if she can come over dressed as Harley Quinn, cook me a chasu ramen, and sit on my face. Forget about it.

Too big to fail is real. Credit Suisse defaulting would be fairly catastrophic, they won't let it happen. I'm still seriously contemplating picking it up, which means I won't and will miss a 300-500% return on it in 2 to five years.

Not gonna lie, many's the time I've considered buying CS and many's the time I will consider it again. I can't imagine a world without it in it. It's like Mcdonalds. Even with what's happening right now, it's definitely trading absurdly under fair value.

They were never going to let all these elite shitlibs go to the woodshed. We know that the larger number of depositors actually had holdings in excess of 250K. I'm not entirely convinced that SVB's collapse wasn't orchestrated. The whale accounts pulled their money before the collapse. Wouldn't...

Well, it's technically not a bank bailout. But the way they're paying for it is by hiking fees of members of others banks, and they're also taking back the bonds owned by SVB in exchange for providing the liquidity to bail out depositors. So people who had nothing to do with it will get fucked...

I'm not the right guy to ask. FOREX/finance isn't really my deal. My horse sense says no. Will probably be contained to domestically within the US. Fed has ostensibly said they're going to bail out depositors, the way they're doing it is greasy and sets a bad precedent. It superficially sounds...

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