/biz/ - Business & Finance

This is what bitcoin is designed for wtf aren't we green af rn?

>>54233779
If central banks pivot this problem would be solved.

>>54233810
because it was a made up narrative that people fell for

KWAB

>>54233816
Im not convinced of that at all. Much depends on the structure of derivatives, and the public doesn’t have a lot of insight into those. Had rates not raised, this fire would not have sparked. But it does not follow that a pivot will fix this.

>>54233779
over 100 bps and the UBS deal falls apart and we're back to looking down at our cumstained hands without a rescue tissue

>>54233844
Its been working so far

>>54233883
Didn't they backtrack on that

>>54233779
Like a poison pill

>>54233883
>>54234055
its over shorties

>>54233883
They cut that from the deal. It would have been in effect for the first one.

>>54233779
oh LINKies..

>>54234301
She crashed civilization

>>54233779
>that spike in late 2022
What happened there? I know stocks were at their lowest then but it seemed like the economy was better in October 2022 than it is now despite stocks being way up since then.

>>54233779
banks are playing pass the parcel and it's covered in ricin

>Europe has CS and UBS
>US has First Republic and JPMorgan

>>54233779
the swiss government will write off all more billions of debt just like they did with CS

>>54233779
Explain this to a goy who has goyim level understanding of what all these usury related words mean

>>54235559
people think is going to do a rugpull soon

>>54235559
That is people buying fire insurance on a burning building. Short got it right.

>>54235559
You can basically gamble on if a company will default on their debt.

>>54235712
Reminder that you can will reality to become. By acting like the bank’s gonna collapse you bring it into reality

>>54233779
this locks in the 0 bepis

>>54233779
Lurking here and trying to fit in with the culture (sorry guys I’m from Reddit actually).

I keep seeing this “sisters” meme culture thing on here. Can someone please give me a quick rundown on it?

>>54236836
No.

>>54236836
N

>>54236836
It's an attempt to make finance gendered. Once people are grouped they can be gamed by catering content to their demographic. There is also benefit to causing infighting, made easier by creating groupings. I doubt it's state sponsored propaganda here, probably some marketing firm or an arm of big money. Happens outside finance, but there's easy money in doing it here.

Keep lurking and you'll start to recognize it and things like it. Every alt coin and no name coin is paid marketing. Etc. Posts like the one I'm making get deleted depending on which mods or jannies are on shift.

There are rumors and tidbits that hit 4chan before fintwit or reddit. Sifting through the noise is tiring but if you do it when you're bored it becomes second nature. Eventually chatgpt will kill open anonymous boards, but we still have some time.

>>54236836
Go back

>>54236836
were all trans

>>54233816
No it won't, CMBS debt is still going go implode because lockdown policies destroyed the office sector

>>54236836

>>54233779
Credit Sissy strikes again

>>54237908
Ouch… so u sayen im not getting my 50 gorillian dollars!?!

>>54236836
we are trans and we call eachother 'sisters'

So, who's saving UBS and who's saving the bank saving UBS?

>>54237974
you

>>54236836
it evolved from "bros" meme which was often used not long ago
you'll see posts like "oh no X bros... did we get too cocky?" or "Y bros... not like this..."

>>54234301
the ethernal anglo strikes again

>>54236836
Nigger

>>54236836
We're very concerned about diversity here. Using the term '-sisters' shows our solidarity to supressed women, people of color and ukraine :)

>>54236836
Lurk more newfag
>or
Class A trolling

oh boy not UBS

>>54235143
Well she and all the other women and the men (xcuse me, simps) that have them power

Didn't they just wipe out 17 billion in risky AT1 bondholders for Creir Suisse? That immediately gets that off their books!

>>54238630
Wrong
>>54237974
Me

>>54236836
girls with dicks

>>54235559
A cashflow is, well, a cashflow: a flow of cash at a point of or during a period of time, e.g. if you buy a 1-year bond for $100 with a 1% yield, you get a $1 cashflow.
A swap is a deal where you agree to swap one cashflow of yours with someone else's cashflow, e.g. if we agree to swap our salaries from our jobs for the next 10 years. If you get a great salary, I win, if I get a great salary, you win in this arrangement.
A credit default is when a borrower can't or won't pay his loan.
A credit default swap is an agreement between me, and, say, an insurer that says: "if have this bond from bank suchandsuch. If they default (I lose my bond-cashflow), you pay me some compensation".
A credit default swap is thus a form of insurance against defaults. In the case of UBS, an example would be this:
>I, fund manager, buy $100M of bonds from UBS at 3% yield ($3M cashflow/year)
>but shit, what if UBS goes tits up?
>Mr. SuperbigInsurer, I'll pay you $200K/year (6% of my yearly $3M cashflow) for an insurance deal: if UBS defaults on these bonds, I get $50M payout from you (50% of the price of the bonds I bought from UBS... better than nothing)
Now, Mr. SuperbigInsurer will charge me maybe 0.5% plus his margin if I bought bonds from the US government, but UBS... you know, you hear stuff in the news. For insuring UBS's bonds, I'll get charged 6%. If some more negative information comes out about UBS, and if some other guy comes along and wants to panic-buy insurance, he might get charged even 20%, or 30%. Thus we can easily see that the price of the insurance moves with the default-risk of what's being insured, similar to how fire insurance costs more in Wildfire County, California, than in Greenland.
Of course, in the case of a truly huge default, there's no guarantee that the insurer will be able to pay. Taking out a CDS on the US government is of dubious value, for instance, because you have bigger problems than CDS in the hypothetical event of the USG defaulting.

>>54233844
>made up narrative? have you seen the genesis block?

>>54233844
made up narrative? have you seen the genesis block?

>>54236836
nigger nigger nigger nigger nigger nigger nigger nigger

>>54235559
By 2030 you will own nothing, you will live in a pod and you will be happy!

>>54233810
These movements don't follow the movements of other markets minute-by-minute. When people say, for instance, that the bond market reflects growth- and inflation-expectations, they don't mean that it magically or inherently does it due to some intrinsic value of the bond market, but rather that the actions of market-rational, voluntary actors will cause it to tend to converge towards that.
I.e. long-term bonds are guaranteed income (up to credit risk, but government bonds in the country's own currency are assumed to not default), so if I expect 5% inflation on average over the next 10 years, I won't buy a bond that pays 3%. Assuming other people think like this too, the long-term yield will be around 5%, since nobody is buying the bonds for less yield (it's an auction where the yield goes up/the price goes down until people buy the bond).
If people use the bond market for some other purpose (e.g. because they can't get anything better, so 3% is maybe better than 0%, even if it's below inflation expectations) or if they're forced to buy/sell (e.g. if your local bank has to sell bonds to get cash to service withdrawals), then it will be pushed away from the value of inflation expectations towards something else.
In the case of Bitcoin, people are not, by and large, using it as a hedge against credit defaults, and especially not on a daily basis where CDS prices spiking in the morning cause some fund manager to log into shitcoinxchange.biz and purchase BTC in the afternoon so that the CDS's price is reflected in the BTC price.

>>54236836
N I G G _ R
Fill in the blank

>>54240900
checked, thanks anon