/biz/ - Business & Finance

>>54099141
inflation increase is incoming
>heckin joe biden heckin trump
you're a fucking moron if you think the president is anything more than a figurehead in these matters

>>54099141
>took money from the "Exchange Stabilization Fund"
>a fund that is used to stabilize USD currency pairs internationally.
>gave it to SVB depositors
>despite this hundreds of companies constantly halted trading today

>>54099177
Trump: "Operation Warp Speed hail Israel you Blackies want some money I promise I'll give you gibs trust the science here's my friend from Pfizer with a little speech for you"

Biden: "Relax and shut the fuck up Jack, we got this"

>>54099141
catholics are 50 50 which is why they used to be unelectable, crazy trump didnt just non stop remind people of that during the election. catholic joe, pope first, nation second

>everything good that happens can be attributed to me
>everything bad that happens is trumps fault

>>54099243
babbys first politicks

>>54099141
based and full of shit pilled

>>54099141
ITS NOT ME ITS THE OTHER GUY I SWEAR,
NO ITS CHINA
WAIT NO RUSSIAN BOTS
WAIT NO AYLLIUMS, THE BALLOON!!1

>>54099243
I unironically think in this situation Trump would have said, "Ahhhh Ahhhh we cannot let these Institutions fail! I'm gonna Warp Speed a bailout so that everyone WINS! What have we got to lose Patriots!!??? Ahhhh...Make America Great Again!""

>>54099243
Biden did make sure to tell us the "former administration" rolled back some parts of dodd frank that would've prevented this.
however he failed to mention which administration nor what parts of dodd frank were rolled back that would've prevented this.

>"The Bankers can fuck themselves, Bidens don't play that malarkey,Jack. You either sink or swim, Pal. No favorites here, no treats, this isn't Halloween and we're out of candy if it was. Now eat shit and get off my porch, we gotta country to run!!"

I'm just thinking he's based

>>54099141
joe biden is so demented he literally gets lost in the white house and shits his pants. Then he brags about getting his "butt wiped" tot he press.

>>54099141
>Did he? I mean, someone has to come out on the losing end here.
Inflation is the price for what Biden's admin is doing, so the American public loses. Either the Fed reduces rate rises (to stop more banks collapsing) or they end up having to print money to bail out the sector as more and more banks fail.
US banks are sitting on +$620 billion (bigger than the 2008 financial crisis bailout) in unrealised losses that they'll have to realise if the bank run continues. His speech today was him begging America not to take their money out of banks. His problem is that it's not only rational, but the smart thing to do to take your money out now - if you're wrong you can just put your money back in, if you're right you just saved your company/cash-pile.

>>54099177
Yeah idk why ppl still fall for it. All US presidents follow a very similar line, dictated by the CIA. Trumps only difference was that he kept shittalking like he was on /int/ or sth but in the end did exactly what the CIA told him to do.
In a way the US is very similar to Russia. Both are aggressive in their foreign policy, have a lot of influential oligarchs/capitalists that influence politics, have the secret service in power, both try to extort the EU for money, both are nuclear powers etc. Only difference is the US makes its citizens believe theyre "free" to think what they want and then in a suble way manipulate the masses where as Russia doesnt hide the fact theyre dictating the "free thought of the people"

>>54099141
don't worry, goyim, we can still support ukraine

https://m.youtube.com/watch?v=dNebYfhUJME

>>54099381
That's what everyone has been doing and will do for every economic crisis no matter what.

>>54099141
Posting in a fed thread

Jews

>>54099141
Biden is based because neoliberalism is based. Most /pol/tards are confused because they only use USA as a metric and not the entire world. Also they are too dark, dumb, and poor to take advantage of the new world. More white dick is going into foreign countries and rich 3rd world women are using sperm banks. Bleaching is the final solution to the non-white question.

>>54099887
They're trotting out so many different people to say everything is fine. There's no way shit isn't fucked to some degree. NYSE halted trading on a good bit of banks today. That doesn't happen when everything is okay.

>>54100258
nigger you've been on 4chan for like 3 weeks

>>54099311
ywnbaw

>>54099141
>the last administration
didn't have any bank closures

>>54100163
the same was true of donald trump after they forced the zionist bannon out (goy, bye!). its been true since they took over ancient rome using their cult christianity

>>54100270
Bingo. Presidents don't get on TV to say "everything's fine" if everything is fine.

>>54099381
Banks that aren't designated as systematically important are exempt from fed stress testing and loan makeup disclosures and a bunch of other shit.
The issue is that the fed stress testing is a make-belive feelgood horseshit to begin with. You can't guard against idiosyncratic shocks by definition because they are idiosyncratic, yet (((banksters))) in the US refused to sign on to the full Basel rules, because the extra capital buffers would cut into their margins.

The clown factor is that banks bought legislation to be partially exempt from Dodd-Frank, because - according to them - they aren't systematically important, yet not only was the fed and treasury forced to backstop SVB like it was a systematically important bank, but they were forced to backstop ALL bank deposits, because in the current tightening macro backdrop and retarded cattle mentality bank runs are actually a real possibility.

The fundamental issue is how to unfuck the banking system itself? Because of QE big banks have too much reserves thus have no financial incentive to raise interest on deposits held at them, but if a risk does exist for those deposits why should anyone put deposits into banks without adequate compensation? If the cattle figure this out it's bank runs and failures, if they don't figure it out the market is mispricing risk which creates malinvestment and exuberance which leads to catastrophe, but the only tools that can deal with that result in even more moral hazard being introduced into the banking system with even more distortion to risk pricing.

The reasons SVB failed is they refused to hedge their interest rate risk and took on unjustifiable duration risk, because they wanted short term profits.
Incentives are completely out of whack with the outcomes the system is designed to produce: Private banks either maximize short term profits or they provide multiple essential financial functions to the entire economy above all else. These are contradictory.

>>54100035
The average person is a complete buffoon. Just look at how easily all the right wing energy from the trump era has been completely redirected into talking about trannies. Immigration? The 2020 election's validity? Elite pedophilia? Who cares, a Jew is dangling a tranny in front of me! It's no surprise that even people still have retarded mindsets like the president is a dictator or a master economist or some dumb bullshit

>>54099141
He's been lying about everything, hes senile and has CTE, what do you think?

>>54100287
To be fair /pol/ is shit because 90%+ are Trumptards from 2016 or later, but I will help you. For example look at feminist issues, they have the women wageslaving and happy to do so. Which women do you think do more of teh wageslaving and which have careers? What kind of men do they choose for reproduction? I will let you ponder which races win in this situation and who loses.

HINT: why are incel groups full of short/dark/asian/poor?

Neoliberalism is just colonization except the darkies thank you for it.

t. admiral in this ocean of piss commissioned 2007.

P.S. pic related, are you going to be a inmate, guard, or warden?

>>54099141
>Banks are safe
printer go brrrrrrr
>We saved the economy
printer go brrrrrrr
totally safe.

>>54100258
>Bleaching is the final solution to the non-white question.

>>54101412
>WERE GERMAN, WE CANT TAKE THOSE DUTCH WOMEN AS BRIDES

>>54099141
He is based.

All USDChads will agree