/biz/ - Business & Finance

>>54092792
Everyone who thinks the crash was "fixed" by the Fed this weekend is in for a very tragic Fall season. By October at least 12 more banks will have failed. You can't outprint that domino effect. Currency reset to CBDC on the way.

>March 16th
Bruh

>>54092792
you are making too much sense you dumb /pol/ incel doomer. now let this thread die and return to eating tendies.

>>54093107
Give one rationale reason why more banks should fail, after the Fed has stepped in to give them liquidity.

>>54093344
time is a flat circle

>>54093666
Markets don't close for another two hours and Schwab is still down 10%

>>54093711
>MFW all the cheapies for Christmas

>Bank failing isnt a smoking gun but an inside job

take your meds schizo

Niggas thinking it's another 2009 made it already priced in

>>54093803

>>54093107
It literally was. The OP example was an instance of the Fed pressuring a private bank to save another. They didn't institute any economy-wide bailouts until it was too late. Contrast that to the current "Bank Term Funding Program".

>people were calling this a nothing burger at the time

>>54093464
/pol/ is economically retarded.
>>54093666
FED will cause more inflation by doing QE to save banks which are fucked without said QE's.
There's a massive bubble of overleveraged faggots in all fronts. From real state to crypto. Sooner or later they will have to capitulate because the alternative is permainflation which would expose the central banks as failures to do their #1 task.

>>54093711
It was always called Berenstein in my flat timecircle.

>>54093799
Im not saying it's an inside job dummy. Im pointing at a smoking gun.
They will have to do further QE, lower interest rates etc, causing inflation in order to save the clusterfucked overleveraged, which leads to further inflation, which leads to having to double down eventually, capitulating and raising interest rates again higher than expected, causing an higher than expected crash on all markets.

>>54093666
npc's get spooked easily. The market is a giant confidence game. No amount of FED intervention can save a massive fear contagion.
Panic first, Buy first

>>54093107
>Currency reset to CBDC on the way.

>>54093666
China will change the tiktok algorithm to create a bankrun in the west at the same time as it dumps us tbills and invades taiwan. 90% of people got the clotshot because social media told them to. You don't think they will panic and bankrun if it tells them to?

>>54094729
Interesting. I wonder how much money is evaporated during these dead cat bounces.

>>54094854
tiktok is one of the greatest weapons available to china right now. other governments cannot even hope to compete lmfao

>>54094854
>at the same time as it dumps us tbills
Dumbass. Why would they do that? They need the money invested somewhere. It's not invested in PRC treasury bills for a reason. There's no one who would be more harmed by the tanking of the U.S. economy than China.

>>54094471
knegg ;)

>>54093755
There isn't anything wrong with Schwab

>>54094616
genuinely lol.
and to a lot of people at the time even the worst parts of 2008 were still a nothingburger.

There are no happenings. Nothing must be allowed to happen.
Happenings only exist in the past, never in the present.

>>54092792
What was supposed to be bad about 2008 again? I was in my mid-twenties at the time and I don't remember anything changing in my day to day life. Is this one of those things where a bunch of rich boomers lost 20% of the value of their multimillion dollar retirement portfolios and started screaming like the world was ending or something?

>>54092792
That means...
THE HEDGEHOGS AND BIG BANKS ARE EXIT DUMPING QUIETLY ON US RIGHT NOW!!!

GET YOUR MONEY OUT OF YOUR BANK!!

>>54095006
true.

>>54095030
Pretty much.
>Line go down
AAAAAAAAAAAAAAHHHH
DOOOOOOOOOOOOOOOMPACALIMPS
Happens everytime anything spooky happens in the bubble baby economy.

>>54092792
And Bear Stearns was what first made Epstein popular among some mega-wealthy folks outside US/UK/France... Wells Fargo going down this time would be the ejector seat.

>>54095030
The bot posts are absolutely hilarious today.

2008 is why you're still a poor piece of shit who has to shill on basket weaving forums.

>>54093344
Oh fuck

>>54095030
2008 is literally why gay marriage is legal, niggers run rampant and trannies have story-hour at schools.

>>54094629
Or, we could let the clown show collapse and let the cards fall where they may. It's all funny money to me.

>>54095114
The only bot here is you, you fucking black gorilla nigger. What am I shilling, faggot?

>>54092792
Not true actually. 08 had started in December of 07 in reality. Bear Stearns was bailed out after the first leg down. Two month bounce, followed by a death drop that started in June and ended in January 09.

The clusterfuck is starting now. These are early days.

>>54094629
Nah, /pol/ is just heavily shilled and always has been. It was ground zero for bot invasions of 4chan and the internet at large. But good job cherry picking bot and shill posts lmfao.

You probably think all the demoralization posts on /biz/ today are real.

>>54095030
2008 is why you cant lie about your job and buy a really nice house which made houses skyrocket in value since not everyone qualifies anymore.

>>54095184
Anyone who is trying to downplay this, or 2008, is a shill. Whether you're being paid is irrelevant. You can be a bot, or a paid shill, or just an ignorant twat who is unknowingly doing the bidding of the kikes.

All I know is you should shut the fuck up because you sound like a child. Do you not feel shame at your lack of comprehension of the world around you?

>>54095151
>Or, we could let the clown show collapse
>we
Hello, fellow jew billionaire.

>>54095030
Houses were still somewhat affordable then but there was also predatory lending. The issue is that many Adjustable Rate Mortgages were about to end their grace period and the higher wages people were betting on when they got the loan to cover the higher mortgage bills never happened.

I was in my early 20s in 2008 and a couple of years established in a career. Even with a fixed-rate loan if you got laid off when the economy took a giant shit there was no guarantee you could find a job to pay your bills. You either knew someone who got laid off or who was in danger/lost their home. Those who managed to keep their homes are in a MUCH better financial position today compared to the ones who didn't. But today nobody can afford a home so what are you going to lose outside of your job?

>>54095104
Funny story, I was saving up to buy into his fund because I got a tip from someone.

>>54093666
They did it at the expense of the repo market. Libor/SOFR spread went to the moon. Now it's systemic.

>>54095444
Do tell.

>>54095006
Theres a Hebrew word for this but I forget it

FDIC is literally spent already. Good luck to the rest of the bank customers.

>>54095519
just a fairly rich guy from denmark.

>>54095588
You're not in Shipping by anychance?

>>54092792
>6 months
wasnt it ~2 weeks tho?

>>54095631
I'm not in anything anymore. ;(

But I am related to a couple of shipowners.

>>54095030
well your day to day life supposed to get better but because of the 2008 you're still here being an ignorant faggot, and you're still can be considered a lucky one because at least your life remains constant

>>54095327
>Anyone who is trying to downplay this, or 2008, is a shill.
Oh ok, so you're just retarded. Like I said, absolutely nothing changed in my day to day life in 2008. Let's be honest, we both know that you weren't old enough in 2008 to be paying attention to or understand anything that was going on in the world.

>>54095855
>wowzers look it's been 15 years and everything is still the same for me
jesus faggot why the fuck you're celebrating over the fact that you haven't achieved anything in 15 years?
your life is still the same as of 2008, now go get your booster shot and kneel to a nigger statue

>>54095855
The company I worked for was decimated in 2008 and had to close down a couple of years later. What does that anecdotal evidence prove exactly?

>>54093666
the same reason why those 4 banks already failed in the first place nigger

>>54095855
my parents small business about went under, they abstained from wages for a while.
My home state Michigan in general for the decade before that had that giant sucking sound as NAFTA gutted the state from top tier wages to Alabama tier wages. and now new pickups are still 70k kek

>>54095947
>look it's been 15 years and everything is still the same for me
Reading comprehension, you ESL moron. I said that nothing changed in my day to day life during 2008. Does this mean that my life has been at a standstill since 2008? No, it means that whatever was happening during 2008 did not affect my daily life at the time; ie whatever supposed crisis was taking place did not make any noticeable difference for me.

Do you understand yet or do I need to run it through google translate so you can hear it in your native tongue? Just tell me which dialect of hindi you speak and I'll give you something you can understand.

>>54096168
you were mid 20's smoked weed and lived in an apartment. you lived as a nigger, of course you didnt notice a difference.

>>54096246
I was in college at the time so yeah, I was living in an apartment and smoking weed and fucking fresh 18 year olds instead of having boomer rage over my 401k lmao, I should have known it was just some boomers crying over their "investments".

>>54095006
>Happenings only exist in the past, never in the present.
this is true, from the perspective of an oldfag this is what happened
>2008 the stock market is doing poorly but the stock market is not the economy!
>2009 we're not sure if we're in a recession, okay we had a small recession but we believe we have already recovered
>2010 unemployment is high but that's a good thing, the economy is restructuring and the numbers show we have fully recovered and are growing fast
>2011 the 08 crash was a significant recession but actually the fault of poor people irresponsibly buying houses they shouldn't have. the bailouts were necessary and infact didn't cost the taxpayer a dime because they were repaid in full. stop protesting in the streets or we'll shoot you in the face with non lethal peace keeping projectiles
>2012 okay it was the worst recession since the great depression but our economists now know how to handle these things. the economy has fully recovered thanks to obama, remember to vote for obama '12!!!

>>54096313
I was in college too doing the same thing. colleges were unaffected because it was peak you have to go to college meme.
My college has half the enrollment today from when I went.
2-3 hours of class a day, 6 hours of gaming day, thursday or friday night go to a party, bang a chick, go back home every other weekend and drink with hs bros.
Yea it was great, we got to live a retirement life as an 18-22 year old
For long term it was shit

>>54093344
Shit always hits the fan in mid-March due to how balance sheet requirements work. I can't explain it properly but basically things tend to get tighter in mid March and 6 months later in mid September (e.g. 2019 repo crisis, 2020 "covid" market crash)

>>54096610
knegg ;)

Those who know they know