Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Also right out of Hill Street Blues: Trump will never be convicted or anything. Impossible to find a jury without at least one Trumpian juror, and serious felonies require a unanimous verdict. Good luck.
@Crash- Not really a question of me "being happy". It's simply that by lowering ourselves to the same level as Trump and his band of low-class bastards we diminish ourselves too.
I'm quite capable of using that sort of language myself. I did my fou…
If I were you I'd go with Mark's reaction. :)
It's just a small bet on Schwab. I really don't see major problems there, insiders buying significantly, I guess that we'll just have to see what happens.
Undiscussed in the above comments is the aspect that the "bonus" coverage was as much designed to temporarily stabilize the entire small/medium banking sector as to cover the uninsured SVC depositors. If a contagious series of bank runs had ensued i…
bigly
adverb
• boastfully; haughtily: He pronounces his opinions bigly, as if they are divine mandates.
• strongly, with great force.
• in a blustering or boastful manner; haughtily.
• in a tumid, swelling, blustering manner; haughtily; violently.…
Lot's of different opinions on that. Trump has been known to use "big league" in written material, but evidently not "bigly" (which is, actually, in the dictionary as an accepted word).
@sma3- If you had followed my link to Ms Pender's article you would have seen that she has provided reference links to all of her underlying sources. She is a real pro... one of a very small handful still at the Chronicle.
Here's the link which she…
"... they first began brewing it 6,000 years ago. You’d think it would taste better by now."
Hey, give it a chance...maybe just needs a bit more aging?
@motmot- Unfortunately the "Off-Topic" section is largely overlooked by the great majority of MFO users. Your post would certainly fit well in the "Other Investing" category, where it will get much more attention.
To change the posting category, ju…
"one convincing guest this morning who strongly asserted the Fed is done raising rates and the 2% inflation target will be abandoned"
@hank- well, that really wouldn't surprise me all that much. I'd think that at this point Powell would try to cut …
"Do enough of that sort of thing and that ain't so hot either. "
I didn't mean to suggest a direct symmetry. Just pointing out that a major imbalance in bank/S&L income vs outgo, if carried on long enough, is likely to result in problems of one…
"I did come across a 5%, 5 year CD with this credit union."
@Jan- a bet on a long-term CD at a high interest rate has it's own risks for the issuing credit union or bank, and that risk is sort of the opposite from what took down Silicon Valley Bank…
@TheShadow- yes, I noticed that apparent disconnect also. Evidently M* has a different definition of "small" and "mid" than Virtus Funds does.
As was said in the early days of the internet and computer technology- "the nice thing about standards is…
Unspoken in the background is a certain amount of "payback" for the Chinese setting rules that made China inaccessible for US applications such as Google, Facebook, etc.
A typical scene from the Santa Cruz mountains area-
Damage to a main freeway (Hwy 580) just to the east of the San Francisco area-
The storm cut loose barges which then crashed into a bridge in SF, near the Oracle Park baseball stadium-
Alo…
WASHINGTON (AP) — The Federal Reserve extended its year-long fight against high inflation Wednesday by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banki…
Well, wrong again, as usual. I thought that Powell might pass on an immediate rate hike, but he did in fact go with the 0.25% as most of you folks predicted. Maybe I should send my brain back to the factory for an upgrade.
Hey Mark- thanks for that report - who knows what's next? We lost part of a tree in front of the SF home, but no real damage. So far, so good up at the Russian River place. This series of storms (known locally as the "pineapple express" because they…
@hank- yes, I agree. That's why I'm guessing that the Fed may just do nothing tomorrow other than talk a lot, and then wait a few months to raise again. That shouldn't make much if any difference in the actual inflation situation... what's a few wee…
@Crash- Not on this list, at least-
Banks With Highest Uninsured Deposit Balances
Bank of New York Mellon ____ 96.5%
SVB Financial Group________. 93.9%
State Street ________________ 91.2%
Signature _________________- 89.7%
Northern Trus…
Banks With Highest Uninsured Deposit Balances
Bank of New York Mellon ____ 96.5%
SVB Financial Group________. 93.9%
State Street ________________ 91.2%
Signature _________________- 89.7%
Northern Trust _____________- 83.1%
Citigroup ____…
"I thought Yellen’s public statement this morning rather unusual"
But the basic problem remains: the confidence trick, where trust in banks makes them trustworthy and distrust in banks makes them fail. Bankers and bank regulators... know it in thei…
