EPTTrading/Investing Thread - Page 129
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plasmidghost
Belgium16168 Posts
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{CC}StealthBlue
United States41117 Posts
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Zambrah
United States7393 Posts
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{CC}StealthBlue
United States41117 Posts
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iPlaY.NettleS
Australia4395 Posts
https://www.cnbc.com/2023/03/14/cramer-fed-on-the-cusp-of-a-soft-safe-landing-in-inflation-fight.html The collapse of multiple banks, the potential folding of start-ups and the general unease in the economy all suggest the Federal Reserve is on the "cusp of a soft, safe landing," CNBC's Jim Cramer said Tuesday. "Until last week's banking fiasco, I think [Federal Reserve Chair] Jay Powell was losing the war against inflation," Cramer said. But the bank run which led to the failure of Silicon Valley Bank and the concurrent tech troubles are signs that Powell is winning the battle, if not the war, he added. | ||
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Sermokala
United States14104 Posts
Who would have guessed that the US had a good banking system and the swiss were the ones that were going to start the second great recession? | ||
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RvB
Netherlands6271 Posts
On March 16 2023 11:44 Sermokala wrote: Cramer is the biggest loser pile of junk I've ever seen. Meteorologists have science and data on the most chaotic and unpredictable thing ever yet have a much better track record than that hack fraud. Who would have guessed that the US had a good banking system and the swiss were the ones that were going to start the second great recession? I don't see how you can come to that conclusion considering the Swiss central bank did the same as the US central bank by providing liquidity in exchange for assets. | ||
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plasmidghost
Belgium16168 Posts
On March 16 2023 10:59 iPlaY.NettleS wrote: CNBCs Jim Cramer is now spinning the banking crash as a positive because it means the fed is winning the war on inflation. https://www.cnbc.com/2023/03/14/cramer-fed-on-the-cusp-of-a-soft-safe-landing-in-inflation-fight.html I love Cramer because I can tell any friends and family interested in trading that if they do the opposite of what he recommends, they'll make easy money | ||
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{CC}StealthBlue
United States41117 Posts
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plasmidghost
Belgium16168 Posts
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{CC}StealthBlue
United States41117 Posts
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{CC}StealthBlue
United States41117 Posts
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{CC}StealthBlue
United States41117 Posts
The biggest banks in the U.S., including JPMorgan Chase Co., are discussing a joint rescue of First Republic Bank FRC that could include a sizable capital infusion to shore up the beleaguered lender, people familiar with the matter said. Source | ||
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{CC}StealthBlue
United States41117 Posts
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SC-Shield
Bulgaria837 Posts
Just when oil is going down in price, but he is one of the smartest investors so who am I to question him :D | ||
KwarK
United States43729 Posts
On March 17 2023 04:19 {CC}StealthBlue wrote: So SVB was insolvent late last year? What? Why didn't the FDIC move in on them then? https://www.youtube.com/watch?v=K2Je5AWPdh8 All banks are insolvent if you forced them to fire sale their assets today to repay all cash by end of day. That’s not necessarily the right way to evaluate a bank. | ||
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plasmidghost
Belgium16168 Posts
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Sermokala
United States14104 Posts
On March 16 2023 15:40 RvB wrote: I don't see how you can come to that conclusion considering the Swiss central bank did the same as the US central bank by providing liquidity in exchange for assets. Proportionatly the Swiss problem is much much much worse than the American problem. The swiss central bank lost something like $150 billion last year and has now loaned tens more billions to the private bank. That would be easily in the trillions range if it was equal to America. | ||
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plasmidghost
Belgium16168 Posts
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plasmidghost
Belgium16168 Posts
On the US side of things, BofA is pouncing | ||
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