Zzen
Potato del Grande
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Investing General Discussion
- Thread starter Furious
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
From 0.25 to 5%? That might be enough to get actual deflation in real estate and the stock correction would have been 3x what we have seen so far, it isn't hard to imagine investment banks caught on the wrong side of that being insolvent.
I agree with you directionally but the problem is that a hike like you're suggesting would do damage to the economy that would take a generation to un-do. Companies that are low on cash would simply die. The housing market would implode for everyone not buying in all cash. Small businesses would be slaughtered. No one would take out loans to start new businesses. Rents would skyrocket. People would literally be on the street.
The gradual approach is necessary but it could go faster.
karma
Molten Core Raider
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I spend enough time playing with metal at home that the delivery driver for the closest metal supplier knows my name and house. A few months ago they were honoring quotes for 2 weeks, which is down from 30 days several years ago. Lately, the quote expires at the end of the day. Ordering metal is sorta like playing the stock market now, no telling what will happen tomorrow!
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Furry
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We can get there fast or in slow motion. I’d rather get to fixing things now, though I understand why all the bobble heads want to pretend it’s not bad yet.
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Something's wrong with my Fidelity account, I'm not down today so far...
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Sanrith Descartes
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Ok. I dont count Investment banks. Fuck them. Glass-Steagall repeal was always a mistake. GS and MS could go belly up and I woudn't care. Actual lending banks make lots of money on loan interest. For those IBs that bought lending banks, well they will learn to cope.
What really happened during the Volcker years?
The inflation-adjusted fiscal deficit shrank, meaning monetary policy did not act by itself.
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Sanrith Descartes
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I disagree. Volcker proved that a giant shock to rates doesn't destroy the economy. Quite the opposite actually. It healed it.
Sanrith Descartes
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Its not the power hour yet. Dont jinx it.
"perfectly normal market action"
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The damage caused took from boomers till zoomers. More then a generation to cause it. There is no quick fix here.
Sanrith Descartes
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Sanrith Descartes
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COIN
Look at that EBITDA. Guess we know why the founders sold the shit out of their shares. Remind me again how many shares ARKK owns.
Look at that EBITDA. Guess we know why the founders sold the shit out of their shares. Remind me again how many shares ARKK owns.
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Ishad
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So are we getting the fusion dance version of the dot com bubble of the 90s with the 2008 housing crash?
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Jysin
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All working as intended. What can possibly go wrong?
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Arden
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Shit like this is why I'm still at 90% cash with my IRA. Signs of a very unhealthy economy
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Big Phoenix
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