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Post by Sigurdur on Mar 8, 2023 22:01:14 GMT
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Post by missouriboy on Mar 8, 2023 22:06:42 GMT
The fastest way to fix inflation is to raise taxes 3% across the board while REDUCING the rate of Federal spending by 3%. Discretionary spending today is approximately $1.5trillion. A 3% drop is pocket change to the Federal Budget. The signal would be gigantic. Terminate one of every three bureaucrats GS16 and higher. |
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Post by missouriboy on Mar 8, 2023 22:12:12 GMT
They have forgotten what their fathers and particularly their grandfathers knew. Sooner or later you have to pay it all back ... with interest. And removing that monkey from your back requires considerable toil. |
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Post by Sigurdur on Mar 9, 2023 0:01:47 GMT
Lots of toil!!
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Post by code on Mar 10, 2023 18:55:20 GMT
Curious if anyone has access to or has/had read a recent report that painted SVB in a negative light? Moody's etc? I was curious and popped over to Weiss ratings to see what they thought, and found Weiss had given SVB a rosy B rating. weissratings.com/en/bank/24735 |
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Post by Sigurdur on Mar 10, 2023 20:35:08 GMT
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Post by walnut on Mar 11, 2023 1:01:22 GMT
Curious if anyone has access to or has/had read a recent report that painted SVB in a negative light? Moody's etc? I was curious and popped over to Weiss ratings to see what they thought, and found Weiss had given SVB a rosy B rating. weissratings.com/en/bank/24735 Great work Chairman Powell. |
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Post by blustnmtn on Mar 11, 2023 13:08:00 GMT
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Post by missouriboy on Mar 11, 2023 15:27:18 GMT
Problem seems to be that there is "no downside" to "malinvestment" results for the managers that knowingly make them. And if the Government and its regulations says that is OK, then WHO should be burned at the stake when the scheme collapses like a poorly constructed California house in a formerly 500-year flood zone. Did something change on the ground? Or was it strictly MIC (morons in charge) or TIC (thieves in charge)? |
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Post by blustnmtn on Mar 11, 2023 20:56:07 GMT
Problem seems to be that there is "no downside" to "malinvestment" results for the managers that knowingly make them. And if the Government and its regulations says that is OK, then WHO should be burned at the stake when the scheme collapses like a poorly constructed California house in a formerly 500-year flood zone. Did something change on the ground? Or was it strictly MIC (morons in charge) or TIC (thieves in charge)? I think it’s an even mix of lunatics, group think and betas unwilling to challenge the trend. |
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Post by missouriboy on Mar 11, 2023 22:00:10 GMT
Problem seems to be that there is "no downside" to "malinvestment" results for the managers that knowingly make them. And if the Government and its regulations says that is OK, then WHO should be burned at the stake when the scheme collapses like a poorly constructed California house in a formerly 500-year flood zone. Did something change on the ground? Or was it strictly MIC (morons in charge) or TIC (thieves in charge)? I think it’s an even mix of lunatics, group think and betas unwilling to challenge the trend.
Interesting (maybe) that this coincides with the last years of solar cycle 25 going into Astro's God awful next solar cycle crash. I spent my youth reading science fiction. No need to change now.
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Post by walnut on Mar 12, 2023 1:43:26 GMT
How deflationary will the SVB bank failure prove to be for the economy?
Sent message. How deflationary will the SVB bank failure prove to be for the economy?
Hello, this is Bing. According to some sources1234, SVB Financial Group, a major lender to tech companies and startups, has failed to raise enough capital to cover its losses on bond sales and is in talks to sell itself. The bank’s collapse has triggered a global banking rout and a sharp drop in US stock markets. Some analysts have warned that the failure of a highly-indebted bank could have a deflationary effect on the economy by reducing credit availability, consumer spending, and business investment2. However, other factors such as inflation expectations, monetary policy, and fiscal stimulus may also influence the deflationary pressures5. The situation is fluid and uncertain, and the full extent of the economic consequences is yet to be seen. What are you interested in knowing more about?
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Post by missouriboy on Mar 12, 2023 3:24:28 GMT
How deflationary will the SVB bank failure prove to be for the economy? Sent message. How deflationary will the SVB bank failure prove to be for the economy? Hello, this is Bing. According to some sources1234, SVB Financial Group, a major lender to tech companies and startups, has failed to raise enough capital to cover its losses on bond sales and is in talks to sell itself. The bank’s collapse has triggered a global banking rout and a sharp drop in US stock markets. Some analysts have warned that the failure of a highly-indebted bank could have a deflationary effect on the economy by reducing credit availability, consumer spending, and business investment2. However, other factors such as inflation expectations, monetary policy, and fiscal stimulus may also influence the deflationary pressures5. The situation is fluid and uncertain, and the full extent of the economic consequences is yet to be seen. What are you interested in knowing more about? Talks just like an economist.  |
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Post by missouriboy on Mar 13, 2023 2:59:35 GMT
I like to follow real estate prices and issues in select areas of the US. Ran across this guy today. He's a millennial in his 30s and does real estate in Florida. Some interesting observations on the current situation and people in general. May be a long deep downturn. They say that money talks ... and cash screams. And right about now people are starting to figure out just how screwed they really are.
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Post by nonentropic on Mar 13, 2023 6:35:27 GMT
yes the interest rate cycle from 1960 to 1980 then to 2020 and now back up to say 2030 will look quite cyclic and the underlying asset prices which are driven by yield or interest rates more generally will be a learning process and the young are the lambs to the slaughter.
All a bit jumbled but us old bastards understand this through the process of bleeding in the past.
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