Misc Stock Market

[Rain Cold]

Word on the street is Schwabb might be next bank to belly up.

What street?

 

[drfranklin]

Word on the street is Schwabb might be next bank to belly up.

that would be catastrophic...8th largest bank by assets in the US...$7.38T in client assets

 

[No snow for you]

that would be catastrophic...8th largest bank by assets in the US...$7.38T in client assets

Vast majority of those assets are investable assets which would not be impacted unless Schwab co mingles the funds (ALA John Corzine). Also that would involve SIPC and FDIC. But I bet a Morgan Stanley or Goldman would love to buy them on the cheap.

 

[Broken024]

What street?

You know, that one street next to that other street.

 

[NCSNOW]

What street?

Main Street News lol.

"The Federal Reserve’s higher interest rates after 12 years of zero interest rates are devaluing the asset side of banks’ balance sheets. This frightens depositors and they withdraw their deposits. Depositors also are withdrawing their money because they can get much higher interest rates on safe US Treasuries. According to some reports, $1 trillion has already been withdrawn from US banks. Bloomberg is reporting rumors that Schwab’s $7 Trillion empire based on low rates is cracking from bond losses. In the face of this vulnerability of the financial system, the Federal Reserve raised interest rates further."

 

[NCSNOW]

More News for thought.

Why the Dollar-based International System Is Breaking Up |

www.paulcraigroberts.org

 

[NCSNOW]

Heres some interesting Commercial real estate trends. Even though we see RDU,Charlotte on plus side. Even they are trending down. Commericial real estate is in big trouble,has been as many know.

 

[severestorm]

 

[severestorm]

Wow another loss for the Dollar. Things are happening very fast right now...

China, Brazil Strike Deal To Ditch Dollar For Trade

China and Brazil have reached a deal to trade in their own currencies, ditching the US dollar as an intermediary, the Brazilian government said Wednesday, Beijing's latest salvo against the almighty greenback.

www.barrons.com

 

[NoSnowATL]

?

 

[severestorm]

FED’S COLLINS: FED WILL HAVE TO RAISE RATES AGAIN TO HELP LOWER TOO HIGH INFLATION

 

[NoSnowATL]

FED’S COLLINS: FED WILL HAVE TO RAISE RATES AGAIN TO HELP LOWER TOO HIGH INFLATION

AKA we haven't ------ the people of the US enough so lets pull out all the guns we have.

 

[severestorm]

AKA we haven't ------ the people of the US enough so lets pull out all the guns we have.

yup, sounds about right....

 

[Jimmy Hypocracy]

poots

 

[KyloG]

Market is insane...quarter end pile into tech. SPX is extremely overbought...3rd highest reading in past 5 years.

 

[severestorm]

 

[severestorm]

 

[severestorm]

Wow...

 

[KyloG]

SPY with bearish engulfing daily setting up...market was very overbought. But it seems like they aren't going to just let the market completely unwind. Very tough.

 

[severestorm]