Huge bank losses in the markets

If you wanted to get a loan, get it done ASAP on a fixed interest!
 
finance.yahoo.com

Credit Suisse intends to borrow up to 50 billion Swiss francs from Swiss National Bank

The planned move came after Swiss regulators pledged a liquidity lifeline to Credit Suisse in an unprecedented move by a central bank after the flagship Swiss lender's shares fell by as much as 30% on Wednesday. "Credit Suisse is taking decisive action to pre-emptively strengthen its liquidity...
finance.yahoo.com finance.yahoo.com

The planned move came after Swiss regulators pledged a liquidity lifeline to Credit Suisse in an unprecedented move by a central bank after the flagship Swiss ...


That is big money
 
Declan said:
The planned move came after Swiss regulators pledged a liquidity lifeline to Credit Suisse in an unprecedented move by a central bank after the flagship Swiss ...


That is big money
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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.
 
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jpc said:
www.reuters.com

Credit Suisse's biggest backer says can't put up more cash; share down by a fifth

The head of Credit Suisse Group's largest shareholder, Saudi National Bank (SNB) , said on Wednesday it would not buy more shares in the Swiss bank on regulatory grounds.
www.reuters.com www.reuters.com

Genies out of the bottle. Deutsch Bank is another one to watch closely.
Heading for tense events.
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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.
 
PlunkettsGhost said:
Silver heading for 22 today
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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 fuckin' wait until the apocalypse man. I'll be wiping my arse with your worthless Fiat and then go buy a lambo with a handful of indian head Pennies!

Yeaaaaah. In that scenario, your metals won't be worth shit. A crate of beans or two kilograms of bullets will be worth more than the stack in that wall safe you bought from aliexpress.

"It's got intrinsic value!'

Yeah, no shit. Not for you. You can't unlock it. You don't have the instrumentation to convert it into whatever high-tech capacity it is required for in various industries, sitting in the garden shed. What are you gonna do--hammer out a few ounces into the worst cuban-link chains ever made and flog them to the starving crowds huddled around burning car tyres, eating rats, during Armageddon? You can't eat it, you can't burn it, you can't drink it, you can't live in it. It is ostensibly worthless in such a scenario. Ironically, it in the aforementioned circumstance you'd be fucked due to a lack of extrinsic value.

Hell, silver isn't even a good hedge against inflation. Even gold is meh and silver is present in the world at factor of 19x that of gold. It just sits there and doesn't do shit for a decade and occasionally spikes only to average out to a fraction of what you could have made swing-trading.

Whole thing is retarded. You'd be better off tasking advantage of taxation inefficiencies through a super fund.
 
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Fishalt said:
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.
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Too big to fail is the term.
And it's a very valid point.
But what will be sacrificed to keep DB floating?
 
jpc said:
Too big to fail is the term.
And it's a very valid point.
But what will be sacrificed to keep DB floating?
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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 franchise. You can't rip them out without killing the host. Governments understand this. If banks fail, where do people get the money to buy things, take personal and business loans? The answer is they don't, and chaos ensues. The banks know the fed HAS to bail them out, otherwise everything collpases.

Zero-balance, fractional finance backed by an infinite money supply issued by a self-regulating bureaucracy is black magic.

The entire system is a giant ponzi-scheme stretching into infinity. Tomorrow will never come, because states have the power to issue their own fiat and are only ever in debt to themselves. There are no fixed lending or borrowing terms for state-issued fiat. It's an infinite loop. The only moderating power to market rates is inflation, and most people don't even really understand how this works.

Here's the thing: The Fed could print enough money to fill the stratosphere, and it wouldn't matter so long as the velocity of money in circulation is controlled. Everybody likes to laugh at the money printer go brrrrrrrrrrrrrrrrrrrrrrrr but the reality is, that shit works. In actuality, it's rarely ever--if ever--the case that over circulation of money is what drives up CPI. 99.5% of the time it's sociological or market-driven. Most of that number can be attributed to good ol' supply and demand. Generational inflation-creep is literally just a consequence of people having generally more money and wanting more shit.

'Ewmegahd! Houses cost 100000% more than they did in muh grandad's day!'

Yeah, ok. That was before union-creep and back then the value of labour was far less, there were less people, cheap rents, more space, and more house and land packages than there was demand, and outsourcing and globalization hadn't cornholed the west yet. Also your grandad didn't want a gaming pc, an x-box, he wasn't paying a net connection and a mobile phone bill and ad finitum,. Honestly, the amount of money in circulation hasn't had as much to do with it as people think.
 
valamhic said:
Inflation is caused by government printing money above requirements in the economy. They say it is caused by
other things, but no, if money was not printed there could be no inflation; The current latest CPI in the US is

6.1 %
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Looks like Swiss National Bank is providing the inevitable bail-out monies
 
The ECB just raised rates. The banking sector is all over the map. You can't do bailouts and raise rates to solve inflation. Two opposing horses pulling the ends of the same rope.
 
Wow, the cat is amongst the pidgens now.
 
I am well loaded with call options in silver and the miners. Long shorts of about 90 days. But if not now, then when.

I feel we are one big bank away from outright panic.
 
Bold Fenian Man said:
Pippa "Pips" Bunce (born Philip Bunce) is a British banking executive. Bunce, who is non-binary and genderfluid, is a senior director at Credit Suisse. They serve as the Head of Global Markets Core Engineering Strategic Programs and as the Co-Chair of the LGBT Ally Program at Credit Suisse
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Burn it all to the ground

#Accelerationism
 
valamhic said:
Inflation is caused by government printing money above requirements in the economy. They say it is caused by
other things, but no, if money was not printed there could be no inflation; The current latest CPI in the US is

6.1 %
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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 oversupply of the Euro in circulation.

If no money was printed, you would get catastrophic deflation, which is bad or worse than inflation.
 
PlunkettsGhost said:
The ECB just raised rates. The banking sector is all over the map. You can't do bailouts and raise rates to solve inflation. Two opposing horses pulling the ends of the same rope.
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Now that we do agree on.
 
Looks like it is going to be an exciting weekend.

The only thing that is keeping the system intact is the fact that regular people are too stupid to know whatvis going on.
 
Declan said:
Looks like it is going to be an exciting weekend.

The only thing that is keeping the system intact is the fact that regular people are too stupid to know whatvis going on.
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The entire system has been bamboozling Jill and Joe for decades, and will continue to do so.

George Gammon describes how broke America is here:



View: https://www.youtube.com/watch?v=7zduYNc5Ssk
 
Sharon Stone broke down in tears on stage saying she lost half her money in this thing.

I'm sure she still has a few mill to get her over it.
 
Declan said:
Looks like it is going to be an exciting weekend.

The only thing that is keeping the system intact is the fact that regular people are too stupid to know whatvis going on.
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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 absolute garbage. This isn't to say that there isn't a shit tonne of unrealised losses on the books of other banks floating out there in the finance universe, but I'd be very, very surprised if DB was holding anything close to what SVB was. Even CS hasn't been nearly a reckless.

Additionally I'd be careful with silver bonds. I don't think those contracts you've got are terrible bets but trying to time them so you don't get turkey-slapped by theta will be difficult. If there are bank runs and silver does spike, I would expect that to correct very rapidly as silver hoarders flood the market with it having sat on negative equity or parity from a couple of years ago when metal fever hit, as well as the routine traders who buy in/out with the tides. Those calls could print. But it's pretty high risk IMO. Most of what is bet on by the average punter in the contract for difference casino expires worthless.
 
Fishalt said:
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 absolute garbage. This isn't to say that there isn't a shit tonne of unrealised losses on the books of other banks floating out there in the finance universe, but I'd be very, very surprised if DB was holding anything close to what SVB was. Even CS hasn't been nearly a reckless.

Additionally I'd be careful with silver bonds. I don't think those contracts you've got are terrible bets but trying to time them so you don't get turkey-slapped by theta will be difficult. If there are bank runs and silver does spike, I would expect that to correct very rapidly as silver hoarders flood the market with it having sat on negative equity or parity from a couple of years ago when metal fever hit, as well as the routine traders who buy in/out with the tides. Those calls could print. But it's pretty high risk IMO. Most of what is bet on by the average punter in the contract for difference casino expires worthless.
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High risk indeed it is, but if you hit, it is life changing. I will put a bit of thought into this evening. I have been traveling and it is difficult to keep up.

Aside from the banks, the fed are caught now, if the raise the rate target it just widens the invert on the yield as the long rates are coming down.The 10 year at 3.43%.

The debt ceiling and upcoming surely bad reports will also shake things.

Today is a big options expiration as well.


Bad news is always released after the close Friday, if possible, so we shall see.
 
Great info from Rafi. Swiss National Bank spent all it's remaining reserve equity on bailing out Credit Suisse. Swish national Bank basically went bankrupt last year based on recorded losses:

suisse.png



View: https://www.youtube.com/watch?v=bBiS128z0EQ
 

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