Is The Economy Just Now Falling Apart

bormotello

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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.
Coincidence?
photo1678558849.jpeg

 

Declan

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Coincidence?
View attachment 583
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.
 

Declan

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




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
 

Declan

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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.
 
M

Mad as Fish

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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.
Not much change going to be left over for Piss Pants to go buying pop pops for his mate Zelensky.
 

Declan

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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
 

Declan

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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
 

Declan

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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
 

Declan

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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.
 

Declan

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Looks like the Dow can't stay positive on the day.
 
Z

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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.

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.
 

Fishalt

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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..
I was surprised to learn how much Europe still relies on heating oil. No such thing downunder, everything's gas.
 

Anderson

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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!
 

Declan

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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!
Works great til it doesn't.

But buying the dip has worked now for almost 40 years.
 

Fishalt

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Works great til it doesn't.

But buying the dip has worked now for almost 40 years.
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.
 

Jay Homer Simpson

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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
 

Declan

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




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.
 

Declan

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Declan

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Screenshot_20230321-152031_Finance.jpg



I am calling a low here and have loaded up on June Call Options at $50 and $55
 

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