Non-Political Market/Economy/Finance/etc. Thread

[kim carnes]

I would think all deposits being guaranteed at svb that it would stop the run on FRC, PACW etc but who knows

[Stupid Fitz]

Kim give it to me straight, how bad are we talking here.

Small to mid sized banks that have a lot of business accounts are prob in real trouble. Basically every business owner/account holder is like, "eff it, I'm moving to (Insert Giant Too Big to Fail Bank Here).

[nicname]

Is the consolidation of banks a good or bad thing? Saw something where there were a lot more banks and branches 10 years or so ago than there are now.

[mocat]

wsj oped weighs in

https://twitter.com/bcmerchant/status/1635331043216736256?s=20

[Stupid Fitz]

wsj oped weighs in

https://twitter.com/bcmerchant/status/1635331043216736256?s=20

I bet it was the 2 veteran's fault for sure.

[KITNfury]

Maybe a banking scare will push me to positive in crypto.

[kim carnes]

Is the consolidation of banks a good or bad thing? Saw something where there were a lot more banks and branches 10 years or so ago than there are now.

If banks close due to a panic induced run on deposits rather than mismanagement then I would not view that as a good thing

[Pete]

Is the consolidation of banks a good or bad thing? Saw something where there were a lot more banks and branches 10 years or so ago than there are now.

If banks close due to a panic induced run on deposits rather than mismanagement then I would not view that as a good thing

Agree, and generally speaking fewer things means less competition and higher prices/worse service.

[cfbandyman]

SVB and Signature.  Who's next on the Jim Cramer "They're Solid" hit parade?

lmao

https://twitter.com/jimcramer/status/1634222320398086145?s=46&t=odWzhuZU7P443NcVwlC1iQ


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[sys]

Is the consolidation of banks a good or bad thing? Saw something where there were a lot more banks and branches 10 years or so ago than there are now.

consolidation is good, imo, but i don't like that some banks are probably going to be forced into it.

it seems likely that there will be increased regulation on mid-sized (50-250b) banks.  i think that will make it basically uncompetitive to be a small mid-sized bank so banks are gonna have to decide if they want to stay under 50b or merge to get enough scale to be able to afford regulatory costs.

maybe congress/the fed will have mercy on the small mids and only bump regulations on the over 100b banks or something.

[sys]

i feel like i have a decent understanding of the issues with svb and signature bank and on a basic level understand what happened and why and the ongoing issues with us regional banks.  but i have no idea what is happening with credit suisse.  as far as i can tell european banks just constantly lose money in all environments and never make any money ever and then randomly fail and some other euro bank takes them over and then loses money for a decade until they get taken over, ad infinitum.

https://twitter.com/RobinWigg/status/1637433273201700864

[Pete]

Makes shake shack seem like a pretty good deal.

[bucket]

I’m scooping up some financial services companies this morning. Not SIVB. Full disclosure: I’m an idiot with no idea of what I’m doing.

 

My regional bank hasn't folded yet and hasn't reported "needing help" but this may have been a mistake.

[IPA4Me]

Good read for those wanting to play in CPI tomorrow.

https://retailcapital.substack.com/p/how-is-cpi-impacting-the-market-from?utm_source=post-email-title&publication_id=668742&post_id=120143677&isFreemail=true&utm_medium=email

[steve dave]

Jobs remain red hot

https://twitter.com/firstsquawk/status/1659175353766510596


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[GregKSU1027]

So if I were to buy a bank do I get all of the money in it or nah? It's like a personal atm after purchase right?

[wetwillie]

Jobs remain red hot

https://twitter.com/firstsquawk/status/1659175353766510596


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You would think we were at 20% unemployment based on my LinkedIn feed.  Recruiters are getting downsized significantly.

[star seed 7]

Are they still posting 4 paragraphs about how to hustle?

[steve dave]

4.05 inflation print

 

[wetwillie]

Break it down for the non economists amongst us

[mocat]

Break it down for the non economists amongst us

i think you can only get over 4.0 if you take some weighted ap classes

[kim carnes]

if sd and cramer are creaming themselves that means we’re in trouble

[DaBigTrain]

Wake me up when we start printing dump trucks worth of money again

[steve dave]

Break it down for the non economists amongst us

year over year inflation was lower than expected this month. means jerome will possibly hold on dropping the rate hammer next go around. it's already assumed they wouldn't raise at this week's meeting. but consensus (?) was that they'd do another rate hike next one (so this would just be a pause, not a pivot). now there is some feeling that we may have a longer pause or have plateaud if inflation continues to fall.

https://twitter.com/awealthofcs/status/1668599639472308224

[wetwillie]

I did a bit of reading and the inflation number dropping is being attributed to prices dropping due to “energy”.  Is that basically oil pricing or is it more complex than that?