stock market was up today...

[85SugarVol]

SF Fed is knee deep in it. Should be no surprise there.

I did find this interesting though -

Another Daly cheerleader was Greg Becker, the chief executive who presided over collapsed SVB. Until his Friday ouster, he conveniently also sat on SF Fed’s board. It was one big happy woke family.

SVB chief was sitting on the SF FED’s board…

Why woke 'Frisco Fed chief missed Silicon Valley Bank's warning signs

 

[NorthDallas40]

SF Fed is knee deep in it. Should be no surprise there.

I did find this interesting though -



SVB chief was sitting on the SF FED’s board…

Why woke 'Frisco Fed chief missed Silicon Valley Bank's warning signs

I’ve read claims that there were internal communication issues, they warned SVB for years, yadda yadda yadda… all excuses it goes back to their lack of oversight.

 

[85SugarVol]

I’ve read claims that there were internal communication issues, they warned SVB for years, yadda yadda yadda… all excuses it goes back to their lack of oversight.

Lack of oversight indeed.

Which makes all of these questions of what was important to SVB fair game.

 

[lawgator1]

SF Fed is knee deep in it. Should be no surprise there.

I did find this interesting though -



SVB chief was sitting on the SF FED’s board…

Why woke 'Frisco Fed chief missed Silicon Valley Bank's warning signs

Woke bank leadership. Woke fed.


Had absolutely nothing to do with bad management of treasuries. And we see this from the fact that other banks don't have the same problem....

Oh. Wait.

 

[85SugarVol]

Woke bank leadership. Woke fed.


Had absolutely nothing to do with bad management of treasuries. And we see this from the fact that other banks don't have the same problem....

Oh. Wait.

Had everything to do with poor management.

Which begs the question - What was important to SVB?

 

[BreatheUT]

I was cleaning out my work email and noticed an email from a professional organization I've been a part of in the past from early February.

It was called The Power of Venture Capital. Silicon Valley Bank was the host. I was invited to attend. I didn't go but it was a minority event that appeared to focus on new ventures in science and biotech. Below is paraphrased from the event invite.

In the candid event, SVB will demystify and discuss why VC is important and how you can leverage its power to develop your career and generational wealth.

We know soon after the bank crashed.

 

[Velo Vol]

Has "catturd" updated his analysis to reflect this?

 

[W.TN.Orange Blood]

 

[Vol737]

Siap....

Credit Suisse Collapse Burns Saudi Investors

 

[VolStrom]

Looks like the market is taking another dump today over a measly .25% increase in the fed funds rate. I suppose this means I'll get another .05% on my cash account interest.

 

[DC_Vol]

Looks like the market is taking another dump today over a measly .25% increase in the fed funds rate. I suppose this means I'll get another .05% on my cash account interest.

Our economy is *******. Hasn’t shown up yet, but gird thy loins. Huge recession and more inflation is incoming.

 

[hog88]

Our economy is *******. Hasn’t shown up yet, but gird thy loins. Huge recession and more inflation is incoming.

It's going to be brutal next year.

 

[VolStrom]

It's going to be brutal next year.

Next year is an election year, the market will probably be up, unless the kids in charge of the White House don't know what to do?

 

[hog88]

Next year is an election year, the market will probably be up, unless the kids in charge of the White House don't know what to do?

They don't.

 

[Orangeburst]

Oh Boy. Doesn't even factor geopolitical events

 

[NorthDallas40]

Markets are going to be depressed until fed starts easing rates. That will be sometime next year I’d guess to help out Puddinhead. Then there will be a big underdamped relief rally that will over shoot, sell off again, and then settle out.

This all assumes that maintaining credit rates and bond rates where they are doesn’t destroy the lending market.

The nephew in mortgage banking says they’re already starting to process mortgage defaults as the protections have expired/are expiring. Won’t be 2008 bad but it will be a significant event. That’s likely to cause market turmoil also.

 

[DC_Vol]

Markets are going to be depressed until fed starts easing rates. That will be sometime next year I’d guess to help out Puddinhead. Then there will be a big underdamped relief rally that will over shoot, sell off again, and then settle out.

This all assumes that maintaining credit rates and bond rates where they are doesn’t destroy the lending market.

The nephew in mortgage banking says they’re already starting to process mortgage defaults as the protections have expired/are expiring. Won’t be 2008 bad but it will be a significant event. That’s likely to cause market turmoil also.

Well the fed can’t start easing the rates until inflation subsides. And how is inflation going to subside while we are making more money to bail out inept bankers? And where is productivity going to be in H2? It’s not looking rosy.

 

[NorthDallas40]

Well the fed can’t start easing the rates until inflation subsides. And how is inflation going to subside while we are making more money to bail out inept bankers? And where is productivity going to be in H2? It’s not looking rosy.

Oh absolutely because we all know the Fed is an independent entity and would never participate in election year politics at the expense of its mandate or citizens financial interest.

 

[DC_Vol]

Oh absolutely because we all know the Fed is an independent entity and would never participate in election year politics at the expense of its mandate or citizens financial interest.

Well if they choose not to raise rates then the cost of everything continues to spiral up and out of control.

 

[hog88]

Well if they choose not to raise rates then the cost of everything continues to spiral up and out of control.

Yeah but that will be a 2025 problem.

 

[NorthDallas40]

Well if they choose not to raise rates then the cost of everything continues to spiral up and out of control.

I’m not disagreeing with you.

 

[NorthDallas40]

Yeah but that will be a 2025 problem.

Bingo

 

[DC_Vol]

Yeah but that will be a 2025 problem.

I’m not so sure. I think they’d like to thread the needle with rates, inflation, and gdp. But I think the toothpaste is out of the tube. Still printing money and being cautious on rates. The only way this ends is with a huge recession. I think it’s coming in H2.

 

[Go aeiou]

Markets are going to be depressed until fed starts easing rates. That will be sometime next year I’d guess to help out Puddinhead. Then there will be a big underdamped relief rally that will over shoot, sell off again, and then settle out.

This all assumes that maintaining credit rates and bond rates where they are doesn’t destroy the lending market.

The nephew in mortgage banking says they’re already starting to process mortgage defaults as the protections have expired/are expiring. Won’t be 2008 bad but it will be a significant event. That’s likely to cause market turmoil also.

I don't see all the mortgage loan problems. Did the borrowers get adjustable rate mortagages at a time when rates were very low? That just does not make sense. I guess some old loans could suddenly be much higher, but I'd think the borrower of those loans have significant equity.
Also people that run up balances on their credit cards, and suddenly are overextended.

Did he say what the problem is for these people?

 

[Vol737]

The solutions are easy. EVERYONE knows what we should do, what has to be done. The will to enact said solutions is non existent anywhere in our "me first" society, our govt, our economy, our populace. Why? Because nobody is willing to go through the pain and symptoms of withdrawal.