Bank Run Watch 2023 after Silicon Valley Bank shutdown - Over 97% of SVB's assets were not FDIC insured

NeoGAF Lurker said:
Lots of those people were insisting things weren’t going to shit in 2008 when Lehman, Bear Sterns, etc. were going tits up. Most of the time it’s people convincing themselves not to panic, it isn’t like they have any documentation to back up their assertions. Lots of people are checking out their 401ks and seeing nothing but red, which will freak people out who dumbassedly feel stocks will only go up and there’s never any time where it goes down.

Tbh, governments are just going to make the printers go brrr to paper over these losses. I don’t see major banks falling apart without depositors being made whole. That’s slightly better than in 2008-2009 when governments just gave lots of cash to the banks who kept it and gave themselves nice bonuses with it.
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RodgerDodger said:
Yep Credit Suisse may be at this point. The Swiss National Bank just poured $50 billion into them. How much more do they have in the tank?

And Germany's clearly not gonna help. Who do you think Lagarde actually works for? For decades her only mission has been preventing inflation in Germany. Fuck everyone else.

Speaking of everyone else, has anybody checked on Spain, Greece, Italy or Ireland lately? Are they on fire yet?
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50 billion? Chump change! We can do better than that!

1678984790763.png


Up to 2,000 billion dollars is being printed to keep this house of cards afloat just a little while longer, at least until it's some Republican admin's fault.

When does hyperinflation start kicking in? Or are we in uncharted territory now?


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Bog-standard Poster said:
2021. Then they changed how inflation is calculated, so we only got '8%' inflation. If the same inflation was calculated using pre-2021 calculations, we were between 12% and 15% inflation.
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Since Biden took office, prices have inflated 14%.

archive.ph

Bidenflation Rises To 14.4%, Hurting Americans

archived 16 Mar 2023 14:43:43 UTC
archive.ph archive.ph

HTTP Error 404 said:
50 billion? Chump change! We can do better than that!

View attachment 4793986

Up to 2,000 billion dollars is being printed to keep this house of cards afloat just a little while longer, at least until it's some Republican admin's fault.

When does hyperinflation start kicking in? Or are we in uncharted territory now?


View attachment 4794910
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....and it's about to get higher.
 
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HTTP Error 404 said:
50 billion? Chump change! We can do better than that!

View attachment 4793986

Up to 2,000 billion dollars is being printed to keep this house of cards afloat just a little while longer, at least until it's some Republican admin's fault.

When does hyperinflation start kicking in? Or are we in uncharted territory now?


View attachment 4794910
Click to expand...
OOOOOOOOOOOOH im gonna DOOOOOOOOOOOOOOOOOOOOOOOOOM
 
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Bog-standard Poster said:
in the uk some prices have gone up 20%, but I don't know how much of that is profiteering, seems as these 'struggling' companies are making more money than they ever have.
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That's just shitlibs attempting to blame others for problems they caused. Half the US dollars in existence were printed in the last two years.
 
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RodgerDodger said:
Speaking of everyone else, has anybody checked on Spain, Greece, Italy or Ireland lately? Are they on fire yet?
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There are no such countries. There never were such countries. The party says so. The fact you keep asking about imaginary countries is either a sign of insanity or thought crime. Either way you need to come with us.
 
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HTTP Error 404 said:
50 billion? Chump change! We can do better than that!

View attachment 4793986

Up to 2,000 billion dollars is being printed to keep this house of cards afloat just a little while longer, at least until it's some Republican admin's fault.

When does hyperinflation start kicking in? Or are we in uncharted territory now?


View attachment 4794910
Click to expand...
"Corporate wants you to find the curve on this chart. "

"There is no curve."
 
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Not A Skinwalker said:
This looks like it's not a bailout proper and is instead the Fed swapping treasuries for cash to allow banks like Silicon Valley to regain liquidity without having to lower interest rates.
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I mean... Is that not just functionally exactly the same as lowering interest rates, except only banks get this extra special deal?
 
Meat Target said:
Wokeism may be an oversimplification, sure. But this cunt is extremely assmad that conservatives noticed the correlation between DIE and bad business practices.

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The donation to BLM probably didn't do much. Handing out cash to every affirmative action grad out of Stanford and Harvard with the correct amount of melanin/genitals/place-you-put genitals and a bullshit business plan was more responsible.

To the shock of many, being black and wanting to stick your dick in a man's asshole does not necessarily mean your start up idea is a good one.
 
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