/biz/ - Business & Finance

>>17466478
Yes certainly a panic run on the banks helps to mitigate recessions. Great idea. Why don't you just jump off a skyscraper instead of posting here?

>>17466478
What's the tallest building in the Bay Area?

>>17466478
Is there actually any reason to think that banks will fail? (brainlet here)

>>17467366
they've been failing since September

>>17467366
what happens if companies fail ( we have a lot of zombie companies) ?
think it through and you will know

>>17467366
if you're not in a small credit union and a part of a big bank there's a chance it's a zombie bank; basically a walking dead bank that will crumble under the pressure of a recession.
i highly doubt the federal government is going to bail out insolvent banks a second time

>>17467463
>i highly doubt the federal government is going to bail out insolvent banks a second time

>>17466519
Nice try, bankers

>>17467366
None. Since 2008 they undergo (at least in in UK) routine stress testing. In the last assesment (two months ago) they proved resistent to disaster, with no capital inadequacies.

https://www.bankofengland.co.uk/stress-testing

>>17466519
Fuck off faggot.

>>17466519
LOL nobody is talking about mitigating a recession its about leaving the sinking ship

>>17466478
What the fuck should I do with my money? Keep it in suitcases under my bed?

>>17467488
If they do the dollar will crumble with it. We haven’t stomped pumping money in our backs since the Recession.

>>17467516
Stick it in pockets of unused overcoats

>>17467524
Am retarded
>Stopped
>Banks

SPY is down 6% since last month. It's a nothing burger.

>>17466519
nigger we don't want to "mitigate" it.. go the fuck back

>>17466531
>What's the tallest building in the Bay Area?
salesforce building. I can get you a day pass.

>>17467500
>fkn chkd

>>17467592
Yea, and 9% the past week. It's not too late to capitulate, friend.

>>17467516
Buy chainlink

>>17466531
The giant penis tower in downtown sf

>>17467463
there's not enough money to bail them out without completely devaluing fiat currency through printing more Zimbabwe-style

The DJIA bounced hard off of 26,000 but if we break that we're going back down to 5,000, possibly even lower.

>>17468859
11k, cap it

3.3k in under 2 weeks in the S&P

>>17466478
Jokes on you, I owe the bank like 15k

>>17468859
Someone Redpill me on how SQQQ works. In 2019 it was trading at 40 a share for a few weeks and the markets were at 26,000...so why is it not skyrocketing after the 10% correction this week?