file:///var/mobile/Library/SMS/Attachments/ba/10/1C02B358-7C7A-4BA6-9E20-66AAAA7C2F81/IMG_9556.png
Someone pls tell POTUS that refilling the SPR with crude at $67 is a good idea. Mmmkay. Thxmch.
Can someone pls help. Serious question.
My Global feed is all Chinese spam bots which makes it useless.
How can you set a filter?
J-Pow’s only credible course of action is to raise 50 bps and deal with the crying and the breakage. That’s what he told Congress a week ago
System already in place in the event another bank wobbles.
Sure. It will cause pain. But one difficult decisive move will cause the markets to rebalance and crush inflation expectations.
This paradoxically enables a quicker recovery than if inevitable choices were dragged out throughout 2023.
Bitcoiners should have deployable assets ready to buy that potentially severe dip. It may be the last one of the cycle.
Is the big fat BIS guy that declared victory against crypto eating an entire Humble Pie right now?
Seeing images of people standing outside branches to withdraw money. It’s like the media can only recycle “It’s a Wonderful Life” imagery. And it’s incorrect.
A phone with a banking app caused the majority of transactions.
And now that it’s proven that social media causes bank runs [hat tip Liz W], you can be assured that transfers via Apps will have limits and restrictions “because of safety”.
Democratic leaders are going to have a very tough time explaining to the (ex) richest and most powerful people in San Fran and Santa Clara that 86% of the assets in SIVB are not eligible for FDIC insurance.
That’s $151 Billion. Out of $175 in bank assets. That the local economy is gonna take a massive hit on.