/biz/ - Business & Finance

>>54242314
Ahh I love soda I will have some soda. I have no money. What should I drink?

it doesnt release till 2pm eastern right?

>>54242331
Fuck… there’s milk everywhere from last night it’s just everywhere I forgot to clean it up

>>54242314
MORE

I would love it

>>54242348
Tomrrough

WHAT WOULD JEROMEY ROMEY ROME THINK

What would Jerome Powell do if he were here today?
He'd probably raise the interest rates, come what may
Inflation's high and the banks are in dire straits
He's got to do something before it's all too late

What would Jerome Powell do if he were in our shoes?
He'd probably tighten the money supply and make some news
He knows it's tough, but he's got to take a stand
To keep the economy from slipping through our hands

Jerome Powell, oh, Jerome Powell
Raising rates and making us all howl
But he's got a job to do, and he's doing it well
Even if it means sending the markets to hell

What would Jerome Powell do if he were on the ice?
He'd probably skate circles around us, without thinking twice
He's got the grace and the skill to make it all look easy
But raising rates is no game, it's a responsibility

Jerome Powell, oh, Jerome Powell
Raising rates and making us all scowl
But he's got a plan, and he's sticking to it
Even if it means making us all feel like sh...ell

So let's give Jerome Powell credit where credit is due
He's doing his job, and he's doing it true
Raising rates may hurt, but it's better than the alternative
So let's trust Jerome Powell, and let him do what he must.

>Good morning.

>100 Bepis.

>That is all.

>announce 75bp
>8 more banks immediately go under
>faith in the system shattered
>mass printing to save banks
>”heh we did it, we stopped inflation”

>>54242314
Gold is going to moon

>>54242362
Well the solution here is obvious.
>drink the milk
Kills two birds with one stone.

>>54243158
RULES OF NATURE

>>54242314
am i retarded for thinking this is a possible scenario?
>fed goes absolutely ham on everything
>150bps rise "i don't give a shit about the banks, I'm the fed, I have to control inflation"
>dollar milkshake slurped
>europe completely isolated from everyone
>JPM holding fucktons of silver
>new silver-backed dollar
>JPM corners the market and buys up a fuckton of banks
>Fed takes possession of the silver while JPM gets a gorrillion dollars to become gigabank

>>54243278
If BRICS nations release a gold backed currency, a silver backed currency would be the only way the west could compete.

>>54243278
that would actually be a plan, there is no plan, mega rich boomers are pretending to care about their jobs long enough to escape to Switzerland

>>54242314
>economy implodes

>>54243339
Gold demonitised silver in the 19th century because it’s superior money.

If the East adopts Gold and the west adopts silver, the west loses, this competition has already played out and we already know the results.

The only way to beat a hard currency is with a harder currency, and there’s only currency superior to gold that I can think of.

Can someone explain to me why a big raise would be bad??? If a recession is the only way to fight inflation then I say bring on the recession. I am financially retarded.

>>54242314
He won't be allowed to do it, the powers that be will step in.

>>54242535
Based

>>54243797
If I'm understanding this right, a big raise would bring down more banks. Then, the govt either:

A. lols, lmaos
B. guarantee the deposits (by printing money)

B is explicitly bad. A though, its a little more complicated - if banks go under and the govt does nothing, all the companies that have their savings on these banks would also go under and then its a domino effect.

t.another financially retarded anon

>>54243797
Inflation cannot be fought by raising rates. All it would do is destroy the value of dollar and lead to hyperinflation.

Handy guide for bankers

>>54243278
JPM is holding stones that they are selling contracts on as nickel. Do you think they ACTUALLY have silver?

>>54243892
Why would raising rates lead to hyperinflation? I thought the entire point of raising rates was to combat inflation.

>>54242314
25bps at most.
Good news it the markets are expecting 25bps.
If he halts the markets explode

>>54243158
Faith in the system should be shattered. Raise these rates to the heavens, Jerome

>>54243797
companies rely on cheap debt.
everything they've built over the past 20 years or so is based on cheap debt. If debt becomes expensive these companies suffer. layoffs happen, profits decrease and some companies (especially small ones) cant stay operational because they rely on cheap debt the most. raising rates is not the only way to fight inflation, you could increase capital reserves for banks, less govt spending help bring down inflation aswell but they'd rater kill every newborn child in the US before they touch banks or govt spending.

What are the chances that the government does good old fashion bank freezes to prevent bank runs?

>>54242314
The economy would blow up with a 75 bp increase

>>54243981
>Our banking system is sound, even as it's come under some pressure 2008 was an insolvency crisis. Rather what we are seeing are contagious bank runs
-yellen, today's presentation

>>54244052

I'm going to doomsay that we have 3-4 months.

March 2008, Paulson goes on TV and says our financial system is strong. September 2008, Fanny and Freddy are under conservatorship and Lehman Brothers collapses, 6 months.

>"Zero bepis"
>"We will be pausing the rape hikes until 2024."
>"Prudent"


I hope you are ready to hear this tomorrow bears

>>54242314
A competent fed chair would do 50. A cautious and sensible one would do 25.
Powell will do a pause, because he's the one who got us in this mess and he is too much of a coward to do anything but make it worse, checkem.

>>54243966
where are the bathrooms?

>>54242314
Based Powell! I think everyone is so scared about bank failings that he should do 100 basearinos. Show everyone that the banks are strong and there’s nothing to fear!!

>>54244232
0 bps is Bearish as fuck. That means something is broken within this banking liquidity crunch and the Fed is scared. Bulls should be praying for an expected, stable .25 bps hike, nothing more, nothing less. Markets like stability and things to fall in line with expectations, especially now more than ever.

>>54246421
Downstairs

>>54243936
This