03-21-2023, 03:44 PM | #7811 |
Colonel
8256
Rep 2,519
Posts
Drives: 9Y0 Cayenne S
Join Date: Mar 2019
Location: Einbahnstraße
|
Bay Area real estate bears no resemblance to the US on average. NorCal and Miami are cartoonish real estate markets. US residential real estate on average across the country is unlikely to see a 2008-style meltdown in the near term.
Last edited by chassis; 03-21-2023 at 06:29 PM.. |
Appreciate
3
|
03-21-2023, 04:03 PM | #7813 |
Brigadier General
1977
Rep 3,262
Posts
Drives: 2018 BMW 440i GC
Join Date: Sep 2007
Location: Eastern MA
|
Miami was inflated by fake snowbird remote workers, that shit cant last forever
|
03-21-2023, 05:15 PM | #7814 |
e90noob
1612
Rep 1,881
Posts |
GameStop (GME) just reported its first profitable quarter in several years
__________________
2008 E90 M3 / LCI trunk + euro tail swap
Production date - 2008-04-22 |
Appreciate
1
antzcrashing1976.50 |
03-21-2023, 11:09 PM | #7815 |
Brigadier General
1977
Rep 3,262
Posts
Drives: 2018 BMW 440i GC
Join Date: Sep 2007
Location: Eastern MA
|
|
Appreciate
0
|
03-21-2023, 11:39 PM | #7816 |
Banned
4999
Rep 4,135
Posts |
|
Appreciate
1
antzcrashing1976.50 |
03-22-2023, 10:34 AM | #7817 |
Lieutenant General
19458
Rep 11,270
Posts
Drives: M4 CS. Former G82, x2 F82, F80
Join Date: Nov 2010
Location: Jacked out of my mind
|
Today is the day! Does the Fed attempt to protect regional/small banks, or do they increase rates yet again to halt rampant inflation? It’s a no win!
I dare not make any predictions, but raising rates at the same time as opening the spigot of QE to save the gamblers would be horrible for the 99%! |
Appreciate
1
TboneS541206.50 |
03-22-2023, 11:36 AM | #7818 | |
Private First Class
1322
Rep 135
Posts |
Quote:
And, please, tell us, which "gamblers" have been saved The shareholders of SVB, FRC, Wells, Schwab? The AT1 Credit Swiss bondholders? All of them, essentially wiped out. Not bailed out by anyone. And in many cases those are pension funds investing people's retirement money. They don't gamble. The only people that they're trying to make whole are the depositors. Sure, many of them had balances over the FDIC limit, but you try running a multi-million dollar business w/o doing that. And, in the case of many SVB clients, they were _required_ by SVB to keep most/all of their money there as a term of their notes. I get it, just because your paranoid doesn't mean they aren't out to get you, but as the prez sez, C'mon man! |
|
Appreciate
2
other_evolved2072.00 wyatth3633.00 |
03-22-2023, 11:58 AM | #7819 | |
Lieutenant General
19458
Rep 11,270
Posts
Drives: M4 CS. Former G82, x2 F82, F80
Join Date: Nov 2010
Location: Jacked out of my mind
|
Quote:
$250k means $250k, the rules have once again been changed on a whim to protect the 1% and to completely screw over everyone else. The banks have once again been told they are allowed to keep their winnings, while the tax payers (or should I say the magic printing machines) will cover the losses. I spoke incorrectly, they are not “gamblers”. They are predetermined winners. |
|
03-22-2023, 12:46 PM | #7820 | ||
Colonel
16946
Rep 2,092
Posts
Drives: 2022 X6///M Comp
Join Date: Aug 2015
Location: NYC
|
Quote:
Quote:
NickyC - If the business depositors weren't covered, they would all go out of business and all their employees would be casualties. Not to mention all their vendors not getting paid. The trickle down is huge. I'm not talking Crypto or high risk businesses. A lot of solid people would be caught up. I'm not for throwing money around, but they had to cover the business depositors. Again, there should be separate rules for businesses.
__________________
I thought I was a good person but the way I react when people drive slowly in the left lane would suggest otherwise
|
||
Appreciate
2
other_evolved2072.00 2000cs3956.50 |
03-22-2023, 01:13 PM | #7821 | |
Lieutenant General
19458
Rep 11,270
Posts
Drives: M4 CS. Former G82, x2 F82, F80
Join Date: Nov 2010
Location: Jacked out of my mind
|
Quote:
In testimony last week Yellen essentially admitted that the deposits over $250k are being guaranteed right now at banks of their choosing (in other words their friends). To guarantee all deposits, the Fed would have to backstop around $17 trillion which is unfathomable. I don’t even think the Fed has the phony money printing capacity for that. Perhaps we should not have allowed banks to engage in risky investment practices and have them act as, well, banks. Too late now! Last edited by NickyC; 03-22-2023 at 01:44 PM.. |
|
Appreciate
1
ASAP11022.00 |
03-22-2023, 01:16 PM | #7822 |
Brigadier General
1977
Rep 3,262
Posts
Drives: 2018 BMW 440i GC
Join Date: Sep 2007
Location: Eastern MA
|
Bollinger bands are narrowing
|
Appreciate
0
|
03-22-2023, 01:17 PM | #7823 |
Brigadier General
1977
Rep 3,262
Posts
Drives: 2018 BMW 440i GC
Join Date: Sep 2007
Location: Eastern MA
|
|
Appreciate
0
|
03-22-2023, 03:06 PM | #7824 |
Lieutenant General
19458
Rep 11,270
Posts
Drives: M4 CS. Former G82, x2 F82, F80
Join Date: Nov 2010
Location: Jacked out of my mind
|
So 25bps hike and dovish on future rate hikes, lol. Tell us you’ve chosen the bank bros over fighting inflation without telling us JPow.
The SVB scenario below coming to many more banks soon. Socialize losses at all cost! |
03-22-2023, 04:11 PM | #7825 |
Major General
3668
Rep 9,783
Posts |
Can someone help explain to me why the market tanked today even though the rate hike was in line with expectations? I didn’t watch all of the speech so might have missed things.
|
Appreciate
0
|
03-22-2023, 04:35 PM | #7826 | |
Lieutenant General
19458
Rep 11,270
Posts
Drives: M4 CS. Former G82, x2 F82, F80
Join Date: Nov 2010
Location: Jacked out of my mind
|
Quote:
They raise rates in the middle of a banking crisis which was caused by the said raising of rates, and then cool any talk of increasing deposit insurance. To call them completely incompetent really isn’t fair as there are no good options now. |
|
Appreciate
0
|
03-22-2023, 04:55 PM | #7827 |
Major
872
Rep 1,122
Posts
Drives: Lots of BMWs
Join Date: Aug 2013
Location: RI/MA
iTrader: (0)
Garage List 2018 M4 Vert [0.00]
2006 Z4M Roadster [0.00] 1995 540i [0.00] 2008 BMW M5 [0.00] 2019 i3 Rex [0.00] 2021 X7 40i MSport [0.00] |
It makes absolutely no sense to raise rates .25 today. Now I would say they shouldn't raise them again for 6 months or rest of the year and let things stabilize. Only logic I can see is for inside trading politicians & insiders to make a few bucks on the drop today.
__________________
2008 M5 6spd, 1995 540i 6spd
2018 M4 Vert Comp, 2019 i3 120ah REX 2021 X7 40i MSport, 2006 Z4M 6spd |
Appreciate
1
NickyC19457.50 |
03-22-2023, 09:04 PM | #7828 |
Lieutenant Colonel
3546
Rep 1,762
Posts |
How was he dovish? He was hawkish. The market was pricing in cuts Q4 and he said he's not doing that, basically.
|
Appreciate
0
|
03-22-2023, 09:14 PM | #7829 | |
Lieutenant General
19458
Rep 11,270
Posts
Drives: M4 CS. Former G82, x2 F82, F80
Join Date: Nov 2010
Location: Jacked out of my mind
|
Quote:
I believe the market is pricing in 100bps of cuts by December, so there certainly does appear to be some disconnect between JPow and everyone else. |
|
Appreciate
0
|
03-22-2023, 09:24 PM | #7830 | |
Lieutenant Colonel
3546
Rep 1,762
Posts |
Quote:
|
|
Appreciate
3
|
03-22-2023, 10:29 PM | #7831 |
Lieutenant General
19458
Rep 11,270
Posts
Drives: M4 CS. Former G82, x2 F82, F80
Join Date: Nov 2010
Location: Jacked out of my mind
|
|
Appreciate
0
|
03-23-2023, 10:19 AM | #7832 | |
Brigadier General
11918
Rep 4,875
Posts |
Quote:
__________________
Current: 2018 SO/SS F83 ZCP
Gone: 2015 SO/SO F82 |
|
Appreciate
1
cmyx6go16945.50 |
Post Reply |
Bookmarks |
Thread Tools | Search this Thread |
|
|