/biz/ - Business & Finance

Pretty hilarious how fast advocates pivoted on banks these last few weeks. Fucking amateur hour. So now we have

-all the cheap money dried up via rate increases

-job market worsening

-bankruptcies up, record credit card debt, auto loan defaults up

-housing market in a standoff, will start to fall once more jobs lost

-banks arent buying, retail cant afford to buy, high net worth investors sitting on cash getting 5%+ in savings accounts, tbills, etc

And we’re supposed to be bullish…Who are these secret buyers that are gonna pump the price?