Leading Economic Indicators forecasting a Q1/Q2 recession.
Bad Economic Predictions
Bad Economic Predictions
Leading Economic Indicators forecasting a Q1/Q2 recession.
It's not me, it's someone else.
Bad Economic Predictions
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
Bad Economic Predictions
Another train derails in Ohio.
No chemicals this time.
This is what happens when you focus on getting record profits every quarter instead of putting money into your company.
No chemicals this time.
This is what happens when you focus on getting record profits every quarter instead of putting money into your company.
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
Bad Economic Predictions
Also when the government cuts back on oversight + rules.
It's not me, it's someone else.
Bad Economic Predictions
True, but if the company was actually concerned with its business, it wouldn't need the government to impose a lot of rules. They would already be concerned about keeping their employees, their reputation, and their customers' products safe.
The company AND your government currently don't give two shits about their employees, their reputation, their customers' products, or us.
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
Bad Economic Predictions
Anyone blaming Biden for the recent railroad union busting, yet?
"Be bold, and mighty forces will come to your aid."
Bad Economic Predictions
Why would it? Adam Smith's invisible hand is broken. Ds and Rs hold the strings and run it like a fucking marionette.
Yes, human beings' natural greed will always play a role in shitty owners trying to run things in a shitty manner, but it would be scaled down without the Wall St. influence. Or should be all things being equal. If people actually had a choice on where to shop and work.
Random comments on Twitter, but nothing else. Honestly, the union busting itself was a dogshit move, but isn't the issue with these accidents. The railroads being publicly traded and government corruption are why tracks are in a terrible state and why railroads aren't operating efficiently.
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
Bad Economic Predictions
SVB and another bank fail; Others might be in trouble due to bank runs.
Little bit of chaos out there, but the Fed has stepped in to make sure that customers will not be harmed (not using "taxpayer money" but rather a fund paid for by existing banks, like FDIC); Bond holders and equity holders will be wiped out.
Fed's goal is to stop any more bank runs from happening, which is a good thing, imho.
Little bit of chaos out there, but the Fed has stepped in to make sure that customers will not be harmed (not using "taxpayer money" but rather a fund paid for by existing banks, like FDIC); Bond holders and equity holders will be wiped out.
Fed's goal is to stop any more bank runs from happening, which is a good thing, imho.
It's not me, it's someone else.
Bad Economic Predictions
BANDAID
BANDAID
BANDAID
"Economy's great."
BANDAID
BANDAID
"Economy's great."
"Be bold, and mighty forces will come to your aid."
Bad Economic Predictions
I've seen quite a bit of finger pointing at the Fed that their constant interest rate bumping is why these banks failed.
Truth?
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
Bad Economic Predictions
The correct finger to point would be at the banks who failed to take into account the possibility of the Fed raising rates in their securitization models. They had a gross mismatch between their deposit liquidity and their asset liquidity.
It's not me, it's someone else.
Bad Economic Predictions
FYI, the articles I've seen on this were mostly CNN if politics matter here?
The biggest thing that was pointed out in the articles is that banks like SVB put huge money into treasury bonds, but when the fed raised rates, it basically made those bonds less valuable. They reported they were going to take a big hit as they sold those bonds at a loss, Wall St got wind, and everything came crashing down.
The biggest thing that was pointed out in the articles is that banks like SVB put huge money into treasury bonds, but when the fed raised rates, it basically made those bonds less valuable. They reported they were going to take a big hit as they sold those bonds at a loss, Wall St got wind, and everything came crashing down.
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
Bad Economic Predictions
There are voices on the left and right yelling at the Fed for raising rates, so I don't know that this one is neatly political.
Yes, that's how it goes.
They had locked up money into multi-year bonds, but had deposits that people could take out in a single day. Liquidity mismatch. What's interesting is just how fast people can move/act, causing the failures. No one wanted to be caught with their money locked up.
It's not me, it's someone else.
Bad Economic Predictions
For the record, a bank bailout for clients who have >250,000 in the bank is a great look as we're on the edge of telling poor college student to go fuck themselves on their school loan bailouts.
"Be bold, and mighty forces will come to your aid."
Bad Economic Predictions
Those students CAN go fuck themselves.
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
Bad Economic Predictions
But people who knew the federally protected bank limit deserve a bailout?
All.im saying is why the preferential bailouts for the people who kinda don't need it.
All.im saying is why the preferential bailouts for the people who kinda don't need it.
"Be bold, and mighty forces will come to your aid."
Bad Economic Predictions
They can go fuck themselves too.
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell