Surviving the crash

[Longwalkhome]

 

[ATCclears]

Expect further interest-rate increases in 2023.

Fed Official Says Hotter Data Will Warrant Higher Rates

Job markets are still “unsustainably hot” and progress on bringing down inflation may have stalled, says Fed governor Christopher Waller.

www.wsj.com

 

[Longwalkhome]

After 19 shoplifting incidents in a year, a store at Washington Square mall is calling it quits

Shoplifters have hit the upscale consignment store 19 times, stealing more than $56,000 in luxury bags, clothing and shoes over the past year.

www.kgw.com

 

[parallax]

Still sticking to buying CD's at 3 month- 6- month. 9 month, 12 month increments getting anywhere from 4%~ 6% range Waiting for the markets to bottom, thinking 2025 will be the bottom ( my crystal ball has always been a little hazy ) Got no credit card debt , no mortgage , no car payment

 

[sobo]

Got no credit card debt , no mortgage , no car payment

Good man! I concur fully!

 

[parallax]

Edit…..

 

[Longwalkhome]

Spending money on wise things now before the prices go crazy. Home projects pay for themselves over and over.

Take care of things and get that maintenance done.

Got a tooth needs removed, $500 to pull it.

 

[Knobgoblin]

7 dollar butter

 

[Howard1955]

View attachment 1378168

7 dollar butter

Might be time to buy a milk cow.

 

[ATCclears]

Silicon Valley Bank (SVB) collapsed Friday in the second-biggest bank failure in U.S. history after a run on deposits doomed the tech-focused lender's plans to raise fresh capital.

The Federal Deposit Insurance Corp. said it has taken control of the bank via a new entity it created called the Deposit Insurance National Bank of Santa Clara. All of the bank's deposits have been transferred to the new bank, the regulator said.

Silicon Valley Bank Closed by Regulators, FDIC Takes Control

The tech-focused lender was seeking a buyer after scrapping a plan to shore up its finances through a capital raise.

www.wsj.com

 

[sobo]

Silicon Valley Bank (SVB) collapsed Friday in the second-biggest bank failure in U.S. history after a run on deposits doomed the tech-focused lender's plans to raise fresh capital.

The Federal Deposit Insurance Corp. said it has taken control of the bank via a new entity it created called the Deposit Insurance National Bank of Santa Clara. All of the bank's deposits have been transferred to the new bank, the regulator said.

Silicon Valley Bank Closed by Regulators, FDIC Takes Control

The tech-focused lender was seeking a buyer after scrapping a plan to shore up its finances through a capital raise.

www.wsj.com

And so the financial crisis/fall/implosion begins... it's all just dominoes now...

 

[Longwalkhome]

And so the financial crisis/fall/implosion begins... it's all just dominoes now...

It began a few years ago with covid and then was accelerated with high fuel prices. Folks don't and won't see it until it's too late.

 

[ATCclears]

Second article, looks like investments in Treasuries bit them after a rise in interest rates


https://www.wsj.com/articles/silico...q2gi71w1swo&reflink=desktopwebshare_permalink

 

[Longwalkhome]

Second article, looks like investments in Treasuries bit them after a rise in interest rates


https://www.wsj.com/articles/silico...q2gi71w1swo&reflink=desktopwebshare_permalink

Destroyed by inflation, once energy prices rose it was just a matter of time before inflation destroyed the economy. Folks can't see it because media works to hide it.

 

[Longwalkhome]

Is your money safe?

More than 85% of Silicon Valley's Bank's Deposits Were Not Insured. Here's What That Means for Customers

freerepublic.com

 

[Andesite]

Is your money safe?

More than 85% of Silicon Valley's Bank's Deposits Were Not Insured. Here's What That Means for Customers

freerepublic.com

I don't have more than the FDIC-insured $250,000 sitting in any one bank, doing nothing for me, so I'm good. IMHO, this case is not a concern for the average person.

 

[Longwalkhome]

I don't have more than the FDIC-insured $250,000 sitting in any one bank, doing nothing for me, so I'm good. IMHO, this case is not a concern for the average person.

Early next week we will know for sure.

https://twitter.com/x/status/1634267470662979592

 

[Andesite]

Early next week we will know for sure.

https://twitter.com/x/status/1634267470662979592

Raise your hand if you have more than $250,000 in SVB - or any bank for that matter. Nothing to see here for the average person. Move along.

 

[Longwalkhome]

Raise your hand if you have more than $250,000 in SVB - or any bank for that matter. Nothing to see here for the average person. Move along.

Yep nothing to see here, move along.

Widespread Panic Hits the Banks as Fears of a Systemic Liquidity Crisis Cause a Massive Bank Run

freerepublic.com

 

[GWS]

Raise your hand if you have more than $250,000 in SVB - or any bank for that matter. Nothing to see here for the average person. Move along.

Nothing to see until all the bankruptcies start cascading downstream of this collapse.