/biz/ - Business & Finance

In 2008 Ben Bernanke and lots of other officials kept repeating "the banking system is strong!" for an entire year prior to the collapse of Bear and Lehman. Lol. This year the buzzphrase is "the banking system is resilient!". Literally the same thing but they probably tweaked it a little to try to avoid lingering associations in people's minds about what happened in 2008

Ooooof, I told you that was a retail rally off the back of the CPI. You nazi tardos didn't wanna listen. You never do. Commies like me are always gonna beat you cuz we're smarter than you.

Now me? Me? Intelligent, educated, non greedy non capitalist? I sold teh absolute top there. I told you "this is a retail rally, don't buy it, this is for suckers"

I only made 3% on my trades. Only 3%. It's not that much money, you might say. But what you don't understand is I made off with that 3% of YOUR money. YOUR money which is now MY money.

Thanks a bunch, you nazi losers.

AND ANOTHER THING. Now you see I went to college for economics. So that allows me to understand the situation in the markets better. While you all say "hurr hurrrrr colleges! Colleges are indoctrination! Everything they teach is fake!"

AND YET IM FUCKING RICH thanks to the knowledge I attained in college!
LIKE MANY COLLEGE GRADUATES ARE!
Yes indeed, thanks to the value of my combined psychology and economics educations, I am able to apply those non-STEM skills to the world and become wealthy.

That's the value of education. Whilst you worthless hillbillies who rail against it waste away in your rightwing trailers, dying of diseases of despair and your own pathetic, filthy ignorance.

No go out and vote MAGA or something because you hate me so badly, so the republicans will deregulate me and cut my taxes, and make me ever richer. You are hopeless lots

It's not gonna be a sustained pump. Futures are pricing higher rates as we speak. I'm looking at the fucking futures pricing right now. Mark my words, this is a sucker's pump. I'm in but I just set a bunch of shallow stops.

The 2-10 is spreading, too. This is a suckerpump and you're all super stupid

It's tight but the fact is there's more data from February to suggest that CPI will be higher than lower
¯\_(ツ)_/¯

OK can you all admit you were wrong now that consensus is pretty much settled that at least 25 bps is still coming at the next meeting? Or will you continue to double down and cherrypick the one bank that says there will be a pause and post about it? I wonder which way the comments in this thread will go. Such wonder. Such wonder

For all of you idiots with the bull sentiment tonight, as the global economy is about to come tumbling down again, let me try to tell you something that might knock some sense into you

You're dumbfucks, so you don't know this:
PRIOR to the 2008 Bush admin bailouts, TARP, the fed:

1) Bailed out Bear Stearns (yes, before it collapsed again months later)
2) Gave JP Morgan 28 billion to give to Bear Stearns to help bail them out
3) Did a whole bunch of other stuff I can't list it all

Now on top of that, the FDIC took control of IndyMac the summer before the collapse. As well as congress taking more control of Freddie Mac and Fannie Mae

The point is, you and everyone who is making the market pump right now is stupid as fuck not to be able to understand the context of history here and how utterly irrational all of your optimism on the literal eve of destruction is. You are all very stupid

Point is, you don't understand what a "bailout" is really. The 2008 bailout by the Bush administration was a wholly different process than what's happening now. What's happening now is akin to all of the stupid shit the govt tried to do to keep it's private sector afloat in the run up to 2008. Same mistakes being repeated and investors are just as dumb once more

You're thinking "Oh, this is just like when they did the congressional bailouts (TARP) in 2008" nope. We're not even close to that point in this wreckage yet.

I was in college and was early on in my academics studying economics when all of this happened. I didn't understand a lot of it then but I still sort of remember it happening first hand.

If the stablecoins go, binanceUSD will go, Binance will go. We won't even have to wait until monday or tuesday's CPI report to find out that capitalism is forever dead and the US economy is irrepairably tanked.

There's easily over 150 billion dollars locked up in stablecoins alone.
Binance isn't really all that big is the truth. And it's financials arent' all that transparent. People put so much faith in a company that's not very public or transparent. When it goes, it will take out coinbase. The entire crypto sector will die and there's literally trillions of dollars at stake here. Way more money on hand than anything Lehman Bros or Bear Stearns combined were dealing with in 2008 and those were some of the biggest finance institutions in the world.

I admit I've made posts for the last few days predicting the end of your little bitchcoin pump. And the initiation of a fairly sizable bitchcoin dump. And I admit it hasn't technically happened yet. Although it's more or less crabbed. It's crabbed for a tad longer than I thought it would. I thought today would be a surefire dumperino, and it wasn't. It was a craberino.

But still, I'm gonna say what I told you yesterday morning. This is not a good market to be having your money in right now. And it's almost definitely not going up anymore. IF it does, it only will be a small amount. Whereas if it dumps it almost certainly will be a significant amount. So it's all-around a bad trade. Just a bad trade.

It's not that I get everything right and it's not like this is 100% but it's fairly close into that territory.

The issue is that there is no bull-case. There's tons of bear-case, but no bull-case. So that's the issue. And indeed, even as I'm writing this post it's possible this market may just be poised to fall of it's lil' cliff.

Also I will repeat my phrase I told you this morning too. "Communism will win". Seethe CHUDs.

Sometimes it's easy to get a read on markets and sometimes it's harder. You're in for a volatile week this week. Odds are that there will be a giant dump throughout the course of the day today. Nothing is 100% but I wouldn't be putting my money in, that's for sure. Cheers.