OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

[WASHED KING]

Not currently

Ok. I shall wait.

Still praying for the downfall of the economy and foreclosures.

 

[degenerate423]

Not sure if this is true, but looks like a Fed meeting on Monday…

 

[noskey]

Lol most of YC is with SVB - just had a company I advise for tell me

So RIP any promising startups in the Bay?

 

[executive76]

 

[gvhp2223]

where is Mr. Treasury Yields Don't Matter to make sense of all this?

 

[executive76]

 

[shibadekobe]

 

[superantigen]

Any thoughts on keeping money in those high yield, online savings banks at this time?

I mean, those yields are designed to draw in and keep clients, i.e maintain liquidity, which makes me think that there has to be some serious, risky leveraging going on.

...

 

[moderndarwin]

Good time to buy banking stocks? When blood in the water

 

[jayj819]

Any thoughts on keeping money in those high yield, online savings banks at this time?

I mean, those yields are designed to draw in and keep clients, i.e maintain liquidity, which makes me think that there has to be some serious, risky leveraging going on.

...

No - I have a substantial balance in SoFi. Not concerned at all. The high yield savings products are generally FDIC insured.

Just to point out the “risky leverage” comment - SoFi pays me 3.75% on HYS, but they’re able to get 4.5%+ on short term treasuries. They keep the spread. At scale this is significant. And in theory, treasuries are “risk free”.

Would dispel the thinking that consumer banking products under FDIC limits at healthy rates are risky. All good as long as you’re protected.

 

[xbiker47]

Good time to buy banking stocks? When blood in the water

One would assume so

 

[shibadekobe]

Good time to buy banking stocks? When blood in the water

Loaded some calls in harder hit names like FRC, WAL, ZION, SBNY etc...RIP if FED doesn't contain this but feel they will.

 

[noskey]

Ackman fudding means he's buying.

 

[superantigen]

Protect all depositirs...aka..."Socialize the risk"... this train is never too late. #clown.

The fine print is pretty clear...250k...nothing more.


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[moderndarwin]

Seems like lots of protections went into banking after 2008. Interesting that this is happening again. Maybe continuing to restrict and regulate banks is a good thing. It makes no sense to me that a bank takes money and then does risky things with it. Seems like an overall not great approach.

That said I don’t understand the banking world at all.

 

[アミーゴ]

Roku had 500m in cash

 

[usabasketball08]

I’m still buying. Throwing money in VOO and forgetting about it.

 

[shibadekobe]

 

[shibadekobe]

 

[executive76]

 

[executive76]

 

[xbiker47]

Monday going to be real interesting

 

[usabasketball08]

Delete

 

[shibadekobe]

 

[superantigen]

You really can't make this ishh up.


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