I've concluded that that's the point.
Search found 1694 matches
- Thu Mar 16, 2023 10:12 am
- Forum: Politics
- Topic: Jan 6 footage on Tucker
- Replies: 35
- Views: 38160
- Thu Mar 16, 2023 10:09 am
- Forum: Other Discussions
- Topic: Trying to Understand Wide Divergence in Quotes Between Platforms
- Replies: 2
- Views: 1595
Re: Trying to Understand Wide Divergence in Quotes Between Platforms
Thanks, Jalanlong. I think you're right. I looked closely at Fidelity's numbers this morning (as detailed in its "Positions" section), and it does appear that it's showing yesterday's data until about 9:45 EST. Even after that time, market prices are delayed significantly, so if you're interested in...
- Wed Mar 15, 2023 9:38 am
- Forum: Other Discussions
- Topic: Silicon Valley Bank Failure
- Replies: 130
- Views: 346764
Re: Silicon Valley Bank Failure
So... Is it stupid to have money in any bank that isn't one of these? "Systemically important": Meaning what? That the reach of their malfeasance has become so extensive that the federal government has no realistic choice but to continue propping them up? There are a number of commentators, one of ...
- Tue Mar 14, 2023 12:40 pm
- Forum: Other Discussions
- Topic: Silicon Valley Bank Failure
- Replies: 130
- Views: 346764
Re: Silicon Valley Bank Failure
While the FDIC was stepping in to make all depositors whole at SVB, the Fed was setting up the lifeline for all depository institutions called the Bank Term Funding Program. Pretty cool, they will make term loans to institutions on assets AT PAR. So if a bank holds a bond or MBS portfolio that has ...
- Tue Mar 14, 2023 11:15 am
- Forum: Politics
- Topic: Jan 6 footage on Tucker
- Replies: 35
- Views: 38160
- Tue Mar 14, 2023 11:14 am
- Forum: Politics
- Topic: Jan 6 footage on Tucker
- Replies: 35
- Views: 38160
- Tue Mar 14, 2023 8:52 am
- Forum: Other Discussions
- Topic: Trying to Understand Wide Divergence in Quotes Between Platforms
- Replies: 2
- Views: 1595
Trying to Understand Wide Divergence in Quotes Between Platforms
I'm hoping that someone can explain to me why, at any given time, the quotes on particular securities vary so dramatically between platforms. I have money at Fidelity and Ameritrade and use both of those platforms to monitor what's going on in the market. This morning, I was (once again) stunned by ...
- Tue Mar 14, 2023 7:58 am
- Forum: Other Discussions
- Topic: Silicon Valley Bank Failure
- Replies: 130
- Views: 346764
Re: Silicon Valley Bank Failure
Long before its epic collapse, Silicon Valley Bank (SVB) was a darling of the left. It allied in cash and manpower with a liberal nonprofit run by California Gov. Gavin Newsom's wife and fully embraced the environmental, social and governance (ESG) platform now being banned in some red states, whil...
- Mon Mar 13, 2023 4:58 am
- Forum: Other Discussions
- Topic: Silicon Valley Bank Failure
- Replies: 130
- Views: 346764
Re: Silicon Valley Bank Failure
Silicon Valley Bank's chief administrative officer, Joseph Gentile, was the CFO for Lehman Brothers Global Investment Bank.
https://mishtalk.com/economics/the-stun ... ks-failure
https://mishtalk.com/economics/the-stun ... ks-failure
- Sun Mar 12, 2023 7:12 pm
- Forum: Other Discussions
- Topic: Silicon Valley Bank Failure
- Replies: 130
- Views: 346764
Re: Silicon Valley Bank Failure
Vanguard is Silicon Valley Bank's largest shareholder. https://investorplace.com/2023/03/5-investors-that-are-betting-big-on-silicon-valley-bank-sivb-stock/ VTI is among the funds affected, though minimally. https://www.morningstar.com/articles/1143550/which-funds-are-taking-the-biggest-hit-on-silic...
- Sun Mar 12, 2023 3:41 pm
- Forum: Other Discussions
- Topic: Silicon Valley Bank Failure
- Replies: 130
- Views: 346764
Re: Silicon Valley Bank Failure
Some interesting observations from Bill Ackman: The gov’t has about 48 hours to fix a-soon-to-be-irreversible mistake. By allowing @SVB_Financial to fail without protecting all depositors, the world has woken up to what an uninsured deposit is — an unsecured illiquid claim on a failed bank. Absent @...
- Sun Mar 12, 2023 12:58 pm
- Forum: Other Discussions
- Topic: Silicon Valley Bank Failure
- Replies: 130
- Views: 346764
Re: Silicon Valley Bank Failure
The more I read, the more I realize how deeply involved this bank was in the whole ESG thing. https://www.breitbart.com/clips/2023/03/12/bernie-marcus-woke-silicon-valley-bank-was-more-concerned-about-global-warming-than-shareholder-returns/ One astute guy on the internet asked a very good question:...
- Sun Mar 12, 2023 10:03 am
- Forum: Other Discussions
- Topic: Silicon Valley Bank Failure
- Replies: 130
- Views: 346764
Re: Silicon Valley Bank Failure
Hedge funds are offering to buy startups’ deposits stranded at Silicon Valley Bank for as little as 60 cents on the dollar, pitching expensive but crucial lifelines to founders unable to access their cash after the lender collapsed yesterday, people familiar with the matter said. Firms better known...
- Sat Mar 11, 2023 3:07 pm
- Forum: Other Discussions
- Topic: Silicon Valley Bank Failure
- Replies: 130
- Views: 346764
Re: Silicon Valley Bank Failure
From Jim Rickards: The behavioral and complex dynamics of bank runs and crypto runs are identical with one important difference: Banks have the Fed behind them, cryptos don't. From Tom Luongo: Lots of smoke here that SVB was a directed hit against another stablecoin and the [crypto] infrastructure.
- Sat Mar 11, 2023 10:39 am
- Forum: Politics
- Topic: Socialism - Should we be worried
- Replies: 65
- Views: 39065
Re: Socialism - Should we be worried
It's an unfortunate aspect of human nature that compels people to keep up with the Joneses. Before the internet and television gone wild, the biggest concern of most social climbers was their next door neighbor's new sports car. Now they have to keep up with imaginary people who do not work and yet ...
- Sat Mar 11, 2023 7:30 am
- Forum: Other Discussions
- Topic: Silicon Valley Bank Failure
- Replies: 130
- Views: 346764
Re: Silicon Valley Bank Failure
Here is a partial list of depositors who didn't get out in time: USDC - Crypto Stablecoin run by Circle - Silicon Valley Bank is one of six banking partners Circle uses for managing the ~25% portion of USDC reserves held in cash. While we await clarity on how the FDIC receivership of SVB will impact...
- Sat Mar 11, 2023 6:30 am
- Forum: Other Discussions
- Topic: Silicon Valley Bank Failure
- Replies: 130
- Views: 346764
Re: Silicon Valley Bank Failure
It's being reported that Circle, the second largest issuer of Stablecoin, held something like $10 billion in cash reserves at SVB. https://www.coindesk.com/markets/2023/03/10/scrutiny-falls-on-43b-usdc-stablecoins-cash-reserves-at-failed-silicon-valley-bank/ U.S.-based stablecoin issuer Circle held ...
- Fri Mar 10, 2023 5:02 pm
- Forum: Other Discussions
- Topic: Silicon Valley Bank Failure
- Replies: 130
- Views: 346764
Re: Silicon Valley Bank Failure
Less than 3 percent of accounts have less than $250,000? Who the heck was depositing money there?Genevieve Roch-Decter, CFA
@GRDecter
Only 2.7% of Silicon Valley Bank deposits are less than $250,000.
Meaning, 97.3% aren't FDIC insured.
Ouch.
- Fri Mar 10, 2023 3:42 pm
- Forum: Other Discussions
- Topic: Silicon Valley Bank Failure
- Replies: 130
- Views: 346764
Silicon Valley Bank Failure
From a Twitter thread from yesterday:
"Most people don't realize how crucial Silicon Valley Bank is. Billions of dollars in venture debt. Untold amounts of warrants and convertible notes in early-stage firms. If SVB fails, this could be the Lehman moment for the startup world."
"Most people don't realize how crucial Silicon Valley Bank is. Billions of dollars in venture debt. Untold amounts of warrants and convertible notes in early-stage firms. If SVB fails, this could be the Lehman moment for the startup world."
- Fri Mar 10, 2023 2:27 pm
- Forum: Other Discussions
- Topic: Dopa Mucuna
- Replies: 1
- Views: 345
Dopa Mucuna
Has anyone had any experience with this supplement? It's a naturally-occurring substance that appreciably raises levels of dopamine, the neurotransmitter primarily responsible for motivation and the feeling of well-being. Supposedly it's effective at countering depression, improving cognition and le...
- Fri Mar 10, 2023 2:01 pm
- Forum: Other Discussions
- Topic: Cartel violence ignites calls for U.S. military intervention in Mexico
- Replies: 2
- Views: 1356
Re: Cartel violence ignites calls for U.S. military intervention in Mexico
Haha. You very funny.
Wasn't somebody saying that the Mexican cartels own Congress?
Wasn't somebody saying that the Mexican cartels own Congress?
- Fri Mar 10, 2023 1:08 pm
- Forum: Other Discussions
- Topic: Today's Smackdown
- Replies: 0
- Views: 892
Today's Smackdown
There is some very good commentary going on this morning regarding today's market action. One of the more interesting theories, and one that's been discussed for a while, pits the Fed and the big banks against the ECB and the WEF/Davos crew, speculating that the Silicon Valley Bank failure is part o...
- Fri Mar 10, 2023 10:18 am
- Forum: Stocks
- Topic: Unequal Sector Coverage in ETFs
- Replies: 16
- Views: 6188
Re: Unequal Sector Coverage in ETFs
It's not just the sector bias that troubles me. The S&P 500 indices look like a bet on a small handful of popular tech stocks.
- Fri Mar 10, 2023 7:13 am
- Forum: Politics
- Topic: Socialism - Should we be worried
- Replies: 65
- Views: 39065
Re: Socialism - Should we be worried
When my mother was first getting started, it was common for single people to live in a boarding house. A room with a shared bath and hotplate (if allowed) was the norm. Apparently boarding houses are making a comeback as a commonsense solution to the so-called housing crisis. However, by the looks o...
- Thu Mar 09, 2023 1:13 pm
- Forum: Politics
- Topic: Socialism - Should we be worried
- Replies: 65
- Views: 39065
Re: Socialism - Should we be worried
In a recent article bemoaning the plight of first-time homebuyers, you had to look at the underlying data to see that their affordability analysis was based on a hypothetical $400,000 home. That was a dead giveway for me. I've worked my ass off all my life and have owned two successive homes that I'...