by Chris Black The inflation is here to stay, whether you raise the rates or not. The only reason you would raise rates to try to do something with inflation is if you were purposefully trying to collapse the economy. …
by Chris Black Gun manufacturers love to sell you these gimmicky guns on the basis that they’re “more concealable,” but if that’s the selling point then why the reduced barrel length? When you conceal a handgun, the barrel is going …
by Chris Black The fact is that every single year, there are more domestic STEM graduates in the US than there open positions in those fields. There’s absolutely no legitimate reason why they couldn’t fill the positions. It’s just cheaper …
by Chris Black I am not a fan of the “Get Woke, Go Broke” talking point. This is more like “Get Woke, Get Incompetent.” Forget being broke. Just wait until ideologues and POCs like this are in charge of critical …
By Matthew Piepenburg The latest headlines, of course, are all pointing toward the ripple effect of Silicon Valley Bank (SVB), and they should be. This banking metaphor for the tech sector in particular and the previously described disaster in California as a …
by Dismal-Jellyfish Source: https://public-inspection.federalregister.gov/2023-05351.pdf Reminder, changes in the Calculation of the National Securities Clearing Corporation’s Excess Capital Premium Charge take effect TODAY. The Excess Capital Premium (ECP) charge is a component of the Clearing Fund that is designed to mitigate the …
by oompaloompa224 The recent Fed announcement has inflationary implications that will cause an even bigger inflationary banking crisis. Banking institutions will now gain the ability to borrow from the Fed at the face value of their bond holdings. So if …
by Dismal-Jellyfish Source: https://www.dtcc.com/-/media/Files/pdf/2023/2/24/a9264.pdf Subject: Implementation Date of Changes in the Calculation of the National Securities Clearing Corporation’s Excess Capital Premium Charge On the morning of the effective date, the ECP charge will be calculated using the proposed changes, which compares …
h/t Qplus17
North Korea Launches Missiles From Submarine, South Korea Says South Korea’s Joint Chiefs of Staff (JCS) disclosed that the missile was fired from the eastern coastal city of Sinpo on Sunday morning, but did not provide additional information at the …
Jane Fonda suggests murdering pro-life protestors on The View:
Among the demonstrators are representatives of leading trade unions, workers in transport, energy, industry and other sectors, medical workers, teachers, youth and student organizations, supporters of the yellow vests movement, as well as radical black bloc youth. — 🅰pocalypsis 🅰pocalypseos …
Go Woke, Go Bust Oh so woke, oh so green, oh so diverse Silicon Valley Bank (SVB) just went bust. One can go to its website—still up for who knows how much longer—and see that it claims assets of $212 …
The AI race is totally out of control. Here’s what Snap’s AI told @aza when he signed up as a 13 year old girl. – How to lie to her parents about a trip with a 31 yo man– How …
This is Melissa. Melissa used to be in charge of deciding what’s political disinformation on Twitter. Thank God Elon took over. https://t.co/rxpFBBFl6Z pic.twitter.com/moPeN5Dnzv — Dr. Anastasia Maria Loupis (@DrLoupis) March 13, 2023
Pope Francis, 86, hinted that priests may not have to be celibate in the future It comes after growing calls to drop rule that was introduced in the 11th century The Catholic Church is open to reviewing its thousand-year-old practice …
Jeffrey Gundlach: Imminent recession UST yield curve now aggressively steepening after sustained inversion is highly suggestive of imminent recession. — Jeffrey Gundlach (@TruthGundlach) March 13, 2023 The Banking System is Safe and Effective.
There’s something very ugly happening right now: VCs & startup execs who stand to lose their deposits at SVB are going *out of their way* to push a narrative that there’ll be a bank run on Monday if SVB depositors …
h/t Number1GoatFan
by Infamous_Sympathy_91 Banks don’t want to lend to each other because they’re scared too.
by sped_izzo Federal Reserve Board announces it will make available additional funding to eligible depository institutions Goldman Sachs no longer expects the Fed to hike rates in March, cites stress on banking system With the fed now trying to prevent …
by quiethandle EDIT: The Fed will charge the 1 year overnight index swap rate plus 10 basis points for these loans. Sounds like right now that works out to roughly 5%, so this might be a high enough interest rate to …
So BoA is throwing Schwab under the bus? Starting to eat their own. h/t Araphoren
View post on imgur.com View post on imgur.com View post on imgur.com View post on imgur.com View post on imgur.com View post on imgur.com https://finance.yahoo.com/quote/WAL/ https://finance.yahoo.com/quote/PACW h/t dr0id
Let’s review the Federal Reserve Bank’s many roles, & how each of them enabled the SVB failure/malfeasance: (1) Santa Claus.By keeping interest rates artificially low, FED stimulated the economy, & nudged those with capital into the VC space creating demand …
