Daniel Rubin ✅@johnserwach @ForeignSubstance @plutus
Yeah nobody is keeping there overage at some small cap credit union. Unless they have an exclusivity clause like SVB put on all their clients
Plutus@rubecube12 @johnserwach @ForeignSubstance
Same dude who wants to break-up FANG because they are oligopolies but it's fine to kill small banks and leaving just the top 4 is ok.
I keep receipts Danny.
John Serwach ✅@ForeignSubstance @plutus @rubecube12
Dan, did you pass that stone yet ?
@ForeignSubstance @johnserwach @plutus
https://www.instagram.com/reel/Cpx2YW3DCEx/?igshid=YmMyMTA2M2Y=
The Betches Sup on Instagram: "Justin Wolfers, professor of public policy and economics at the University of Michigan, reacts to claims that diversity and representation caused the SVB bank collapse on @11thhourmsnbc with @stephruhle. Per usual: It’s the white men."
9,646 Likes, 169 Comments - The Betches Sup (@betches_sup) on Instagram: "Justin Wolfers, professor of public policy and economics at the University of Michigan, reacts to..."
@rubecube12 @ForeignSubstance @plutus
Kelton once again is the only voice of sanity in this madness—
@johnserwach @rubecube12 @ForeignSubstance
How many banks have to blow up before we realize it’s the conditions they are operating under and not the excesses of a few bank executives. Dick Fuld at Lehman was 100 times more deceptive during GFC than Becket ever was at SVB yet no one singularly put the blame on Lehman.
Powell’s mishandling if monetary policy should not reflect on Biden. Yet I feel many democrats go out of their way in defending Powell.
@plutus @ForeignSubstance @johnserwach
21 trips. 350. We're growing at 10% nominally. Where are all those cash gains going? Not the market
@ForeignSubstance @johnserwach @plutus
GDP NOwcast 3.2% with 6% inflation. = 9.2% nominal growth. You're the one spewing alternative facts concocted out of who knows where. Like Elon and FSD
@rubecube12 @ForeignSubstance @johnserwach Atlanta Fed doesn’t know it’s head from its arse. They could revise it 200 bps in a month and have done in the past. I track shit on the ground.
@plutus @rubecube12 @ForeignSubstance
Just going to leave this here. Help you guys open your mind to what’s going on, or not— or as Dan might say “how come?”
https://stephaniekelton.substack.com/p/magical-thinking-monetary-thinking?utm_medium=email
@johnserwach @rubecube12 @ForeignSubstance
I've been up on MMT for 7 year; chattin up Tankus, who provides a lotta the substance for her
@johnserwach @rubecube12 @ForeignSubstance This ain’t a sign of health and only SVB’s fault https://twitter.com/WallStJesus/status/1637121880678338560/photo/1
@rubecube12 @ForeignSubstance @plutus yeah the discount window is not where they want to go. How long till the market figured that out.
@johnserwach @rubecube12 @ForeignSubstance
Arresting just for Stormy - has to be more or else lame
@rubecube12 @ForeignSubstance @plutus Justice is blind—
Desantis is done - probably eats his candy bars with his hands too—
@johnserwach @rubecube12 @ForeignSubstance
How much dirt does Guo Wengui have on Trump - I bet plenty. Did he spill beans - ummm...
https://twitter.com/CNBC/status/1636334791862755330?s=20
@johnserwach @rubecube12 @ForeignSubstance
Guo wengui built his fortune by collecting & leveraging compromising information on all sorts of powerful and connected people. There is 0 chance he didn’t try this on DJT
@ForeignSubstance @plutus @rubecube12
Not sure what he’s gonna do? Make a deposit ? Tell people “banks are safe? Tell other rich people “banks are safe”?
@johnserwach @ForeignSubstance @rubecube12
Co-invest...
@rubecube12 @plutus @ForeignSubstance
I don’t think so- he hasn’t sufficient liquid funds for that- he has maybe $150B - this is gonna need more like 2T - not a damn thing buffets gonna do.
@johnserwach @rubecube12 @ForeignSubstance Buffett is not brought in for the money but to instill confidence while he gets sweetheart terms. The situation is worse than even I imagined - not just a regional bank problem or shadow banking or CRE.
@johnserwach @rubecube12 @ForeignSubstance it’s always been a specious argument posed by Will and Danny - “well the Fed is forced to tighten because they were so behind the curve”. The issue was never binary (tightening or not) but pace and magnitude. Duration risk at this speed was always an issue as Whalen and Bove posited months and months ago. There is a severe lack of understanding of how real economy works by the Fed -
@johnserwach @rubecube12 @ForeignSubstance just because consumers are still spending like mad doesn’t mean the cap mkts/lending environment isn’t in disarray. They have no fookin clue what they are doing. Most importantly there is no adequate evidence that supply chain resolution has NOT been the much bigger driver in shift to disinflation. Fed will never admit because it obviates the need for them.
@ForeignSubstance @plutus @rubecube12 supply chains have been the only issue.
Someday, someone, will understand that not ALL inflation is at risk.
I suspect the government is extracting brutal terms from the entire banking industry even as we speak. #AboutTime
@johnserwach @ForeignSubstance @rubecube12 even though severe hiking doesn’t work - Danny wants it anyways just to inflict pain - schady…
@johnserwach @plutus @ForeignSubstance
If there is a pause hiking will continue at a slower pace until rates are higher than inflation. I dont want anything. I'm just saying what I see.
@plutus @rubecube12 @ForeignSubstance
Is inflation in the room with us now ?
@johnserwach @rubecube12 @ForeignSubstance yes it’s called Uber eats when food delivery should be free
@ForeignSubstance @rubecube12 @plutus
That’s a choice, not a mandate.😉
@johnserwach @ForeignSubstance @rubecube12 knives are our Daly is suppose to be a dove but taking cues from administration- [Tweeted](https://twitter.com/zerohedge/status/1637440483600355328)
@johnserwach @ForeignSubstance @rubecube12 let’s get it through our heads Danny 95% of democrats in congress wants Fed easing only masochists like Manchin and Tester don’t.
@plutus @ForeignSubstance @rubecube12 is Bernie the half ? Since he’s a little in and a little out ?