i notice we arent talking about the $200 bn wells fargo borrowed last quarter to keep the lights on

[sonatine]

thats probably something some of us might want to pay attention to.

[Tellafriend]

i read someone with a good mind who continues to say BOA will likely end up having a run made on it as a result of buying an extraordinary amount of 30 years during some period maybe a decade ago when rates were so low and (i think) at the fed's nudging (but i could be making that part up). regardless, if he's right, those bonds are badly underwater and gonna get worse. using 2009 standards they are too big to fail. but wait, weren't they the ones turning magas into the feds during jan 6? lullz.

[sonatine]

i read someone with a good mind who continues to say BOA will likely end up having a run made on it as a result of buying an extraordinary amount of 30 years during some period maybe a decade ago when rates were so low and (i think) at the fed's nudging (but i could be making that part up). regardless, if he's right, those bonds are badly underwater and gonna get worse. using 2009 standards they are too big to fail. but wait, weren't they the ones turning magas into the feds during jan 6? lullz.

you touch upon a really important concept here; how would 2008/2009 be dealt with today?

im not a macro guy so i let claude do the math... if we had to bail out the banks today in circumstances like 2009, according to claude, the dollar would be devalued an additional 20-50%.

thats on top of the 15% its currently down in the last 12 months or so.

[desertrunner]

Embedded Tweet

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[Sanlmar]

We are just about to loosen banking regulations very Billy. Banks will be allowed to hold Treasuries in unlimited amounts for example.

Loosen money supply through lending money into existence and all that.

I’m tempted to buy the dip. I’m just admitting to a reflex. I’ll dig in tonight

[sonatine]

We are just about to loosen banking regulations very Billy. Banks will be allowed to hold Treasuries in unlimited amounts for example.

Loosen money supply through lending money into existence and all that.

I’m tempted to buy the dip. I’m just admitting to a reflex. I’ll dig in tonight

just doing the devils advocate thing; is it a dip buy because youve been reflexively trained that theres zero downside risk in the economy or is it based on a vote of health and stability?


its a deceptively funny question i suppose because the dip buyers are making money hand over fist by setting aside any and all concerns and when the hammer falls they will likely be sitting on hoards large enough to not care.


note my deliberate use of 'they' not 'we' because reasons. very... very frustrating reasons.

[sonatine]

[simpdog]

Will the hammer ever fall though?

It seems like we're on the edge of a rough spot but everything is at ATHs and Trump is clamoring for the interest rates to drop so we can go even higher.

Neither party cares about fiscal responsibility or debt. Perhaps the AI Optimus Tesla Bot elected in 2040 will balance the books for us.

[Sanlmar]

We are just about to loosen banking regulations very Billy. Banks will be allowed to hold Treasuries in unlimited amounts for example.

Loosen money supply through lending money into existence and all that.

I’m tempted to buy the dip. I’m just admitting to a reflex. I’ll dig in tonight

just doing the devils advocate thing; is it a dip buy because youve been reflexively trained that theres zero downside risk in the economy or is it based on a vote of health and stability?


its a deceptively funny question i suppose because the dip buyers are making money hand over fist by setting aside any and all concerns and when the hammer falls they will likely be sitting on hoards large enough to not care.


note my deliberate use of 'they' not 'we' because reasons. very... very frustrating reasons.

The quick response for our times is that fundamentals means not a wit … the market is about allocation … that combined with the forthcoming enormous easing

Here’s a fun thought in that vein…. value the market in gold not dollars. See?

[sonatine]

just doing the devils advocate thing; is it a dip buy because youve been reflexively trained that theres zero downside risk in the economy or is it based on a vote of health and stability?


its a deceptively funny question i suppose because the dip buyers are making money hand over fist by setting aside any and all concerns and when the hammer falls they will likely be sitting on hoards large enough to not care.


note my deliberate use of 'they' not 'we' because reasons. very... very frustrating reasons.

The quick response for our times is that fundamentals means not a wit … the market is about allocation … that combined with the forthcoming enormous easing

Here’s a fun thought in that vein…. value the market in gold not dollars. See?

i literally dont know how, its all so confusing, im so confused. my only comfort being that im in great company apparently.

[Sanlmar]

The quick response for our times is that fundamentals means not a wit … the market is about allocation … that combined with the forthcoming enormous easing

Here’s a fun thought in that vein…. value the market in gold not dollars. See?

i literally dont know how, its all so confusing, im so confused. my only comfort being that im in great company apparently.

I’m looking forward to wading in together with that big slice of chocolate cake I have in the fridge and a latte. I’ll be up til 4:00am.

Stupid All Star Game ya know?

Quick napkin math. Gold is up 10% ytd. Dollar down 10%? Market is up 10%. Now if you are leveraged like a degen then you’re a man I can respect.

[lol wow]

i just got this https://www.lowes.com/pd/GE-Profile-...B&gclsrc=aw.ds

for 2200 all in delivered cuz this little mensch at best buy honored some sale so i zelled him 30 while we were checking out i feel like im supporting the economy

[RichardBrodiesCombover.]

Standard depth? What are we doing here

[GrenadaRoger]

not so sure what is going on there

195 billion borrowed true, but 7 year cap on asset size lifted (was a punishment imposed in 2017 for employees being pressured to sell multiple accounts)--so timing of borrowing seems related to investing in new business loans

WF is paying dividends and buying back shares--things you don't do if in trouble financially

WF was profitable in 2nd quarter and projects earnings for next year (albeit no increase)

Sonatine, we counting on you to let us know when it is a good time to panic