It's being proposed by Biden but will never pass congress and likely the senate will reject it too
Wealthy VC, PE and hedge funds give hundreds of millions each year to politicians.
Posturing to raise the debt ceiling limit. But with the growing and expansive national debt, it will have to be addressed via new/increased taxes (more $ in) and spending cuts (less $ out). Has to happen.
A lot of these companies are total bullshit but in totality it has given America its only edge: innovation.
Agreed, just thought that provision would be generating a bit more hoopla.
It’s not going to pass. That is just a political document
Agree. “Filtering out” the garbage is ultimately healthy in the long-term.
Just a stupid political idea that has no hope of passing (either the House or Senate). No worries.
Below 30% now. Watch the Fed's narrative quickly change, especially with a good CPI on Tuesday (which is forecasted). If the banking/financial system has more problems, the Fed will be rightfully blamed.
More wishful thinking. If a good CPI is forecasted, why the tough talk earlier in the week? Don’t think the Fed caused SVB or Silvergate to fail.
BTC trend has been down since $69k. The move from 15 - 25 was just to bring some more suckers in. No end in sight…bye bye.
Because the Fed has acted like jerks all year long. Tough talk since they are still butthurt from screwing up 2021 and the "transitory" story. Inflation is coming down nicely, but one poor month of data and the freaked out once again.
The Hikes grab the headline but the real issue will be the prolonged period of high interest rate. High employment, wage growth and continue spending provides a cover for the Fed.
record receipts, what we need is spending cuts. Im amazed people think it's ok to give as much as we do in taxes and NOT demand cuts to spending.
Totally wrong. MBS was nowhere near the top of the list of SIVB’s problems. They were way overexposed on a shit bond portfolio and word got out; and the self-fulfilling prophecy ensued175 billion in accounts with 169 billion uninsured funds in large accounts
Lots of Intel and DoD start-ups
Roku had 500 million it doesn't expect back.
Structural problems - ever see a magician pull hankies out of a hat and they keep coming?
Some posts from Ed Dowd a reformed hedge funder (10 year manager at BlackRock)
"The buried lede on #SBV is that they got caught sideways on losses in relatively safe mortgage backed securities. They made a 10 year bet that went south on interest rate increases. It was interest rate risk not credit risk.
Now how many other banks made this mistake?
In other words they got the macro wrong and suffered the tyranny of bond math. When rates go from zero to 5 % in a year it’s devastating.
This is just getting started and many others likely screwed this up.
Unrealized losses system wide."
Edward Dowd on GETTR : This was passed to me and I don’t know source but it reads like a sell side trading desk analysis on #SVB. Possible daisy ...
This was passed to me and I don’t know source but it reads like a sell side trading desk analysis on #SVB. Possible daisy chain events.gettr.com
lots of great comments I agree with under his page175 billion in accounts with 169 billion uninsured funds in large accounts
Lots of Intel and DoD start-ups
Roku had 500 million it doesn't expect back.
Structural problems - ever see a magician pull hankies out of a hat and they keep coming?
Some posts from Ed Dowd a reformed hedge funder (10 year manager at BlackRock)
"The buried lede on #SBV is that they got caught sideways on losses in relatively safe mortgage backed securities. They made a 10 year bet that went south on interest rate increases. It was interest rate risk not credit risk.
Now how many other banks made this mistake?
In other words they got the macro wrong and suffered the tyranny of bond math. When rates go from zero to 5 % in a year it’s devastating.
This is just getting started and many others likely screwed this up.
Unrealized losses system wide."
Edward Dowd on GETTR : This was passed to me and I don’t know source but it reads like a sell side trading desk analysis on #SVB. Possible daisy ...
This was passed to me and I don’t know source but it reads like a sell side trading desk analysis on #SVB. Possible daisy chain events.
it was the return differential that got them, not the credit side of things.
Fed will not be able to raise rates with banking system stress or uncertainty that could create liquidity issues. That is like adding gas to a fire. Right or wrong, Fed will have some heavy discussion on this behind closed doors. Swap spreads are widening on 10yr banks and agency debt spreads are as well.
Bingo! CPI should deliver a good number and give the Fed enough cover to change the narrative without admitting they f'ed up once again.
It's over. If the Fed breaks stuff on purpose and causes pain to the public, Powell and other Fed officials will get impeached and removed from office.
by the next jobs and cpi no one will remember how to spell SVB
but you see, it wasn't some coin shit little bank
I don't know what cpi will be and inflation is still elevated but you cannot have banks, high profile banks, going under in such dramatic fashion
Tech sector will start bleeding jobs soon, especially when all the crypto start-ups disappear.
capitalism. There was money to be made plus FOMO.
Problem is the true capitalists never seem to lose and regulators are either incompetent or in on the scam.
Last admin loosened regulations on smaller financial institutions supposedly because of the associated in-house costs. So less "stress testing." That's just nuts.
the smart money doesn’t take bets. They position themselves for the upside with very little downside.
