Back in the summer, I bought boatloads of stock of the 3 failed banks, first republic, silicon and synchrony for cents per share. Now are are on the way up, and if things pan out favorably, I will have enough to retire. Kind of ironical I am banking( pun intended) on failed banks to save me from this dumpster fire.
9 replies (most recent on top)
@noy+1q7JLKqI Powell never said WHEN there will be rate cuts in 2024, and the narrative was already changing with 24 hours to downplay his comments. By that time, the insiders had already dumped the pump. They can keep continually hiking and then do a cut.
The crash ALWAYS, ALWAYS happens AFTER the cut. Look at the 10Y-2Y and 10Y-FEDFUNDS. When both cross back over 0.00, there is a RECESSION 100% of the time. They are LYING. Nobody wants US treasuries!
Oh, it's MUCH, MUCH worse than what anybody thinks.
https://www.fdic.gov/analysis/quarterly-banking-profile/qbp/2023sep/qbp.pdf#page=1
Why was this latest QBP over a MONTH late and had the charts removed? Got your gold and silver yet?
Those stocks are near worthless now
@1bdn+1q7JLKqI Agree. After the fdic gets depleted the taxpayers are the reinsurers of the fdic insurance. Of course, by then the taxpayers are paying for all types of green new deals per Yellen's request. We will have armies of tax auditors going after Charlie and the rich.
Anyway I hope for OP's sake this is a trade not an investment.
@noy No, it'll ultimately be the taxpayers who lose. Again.
Or you could just go to the casino. That's basically what you just said
Your grasp of the truth has slipped.
You are a Jackazz, Fool.
Do you think in the next cycle it will be the big banks that "fail" Fail means here shucking off businesses like mortgages (Wells) or Munis (Citibank). Here there might not be a JPM to buy this.
Now that we have had the Fed pivot we will be able to bounce off of the "soft landing". Government spending propelled roaring 20's redux.