There's far too much talk around these parts about how the dollar will be vanishing from global trade imminently, but the reality is this is a process that takes decades.
First, the greenback makes up nearly 60% of global foreign exchange reserves. That's pretty massive!
1/
A dollar from 1800 is worth just over $0.04 today, but that same dollar invested in stocks would be worth $2.3 million now after 223 years
Gold would be worth just $4.06 ...
You guys don't get it. Cramer isn't just ringing the bell tomorrow. He's moving his entire Mad Money show to the floor of the
@NYSE
.
Be terrified.
We're all going to die.
I like how Bernanke is winning the Nobel Prize in economics because he completely broke price discovery and the economic cycle by engaging in the most aggressive easing ever at the time. Helping the rich get much richer while undermining the core construct of capitalism: failure.
Half of US banks have assets worth less than liabilities
Almost half of America’s 4,800 banks are already burning through their capital buffers. They may not have to mark all losses to market under US accounting rules but that does not make them solvent. Somebody will take those…
Hilarious. The Chief Administrative Officer at
#SVB
used to be the CFO of Lehman Brothers' Global Investment Bank when it collapsed. 🙈
Credit:
@AutismCapital
Bankruptcies in England and Wales are close to their Great Financial Crisis peak
- Rising rates and a slowing economy are increasing stress
- The housing market is under pressure as many mortgages mature in a short time period
- Inflation remains sticky and the highest of…
$MSTR posts *MASSIVE* loss of $94.01/share (or $1.06B).
@saylor
to step down as CEO. Company will split CEO and Executive Chairman role, which Saylor will assume.
Perhaps leveraging in to bitcoin wasn't the best ... strategy. 🤷♂️
The autistic son who enriched parents beyond imagination thrown to the dogs for his crimes
But how can we ignore how involved his parents were?
- Advised FTX on legal matters
- Gained tens of millions of dollars of benefits, including new house and bonus payments
Sketchy ...
I’m going to need a bigger screen. $BA
Boeing prelim Q4 ($1.75) vs $0.20 S&P Capital IQ Estimate;
Revenue $19.98 bln vs $20.10 bln S&P Capital IQ Estimate
The Treasury may issue up to $700B in T-bills just weeks after any debt ceiling resolution, pulling liquidity out of the market.
While the lack of issuance was helpful to offset the impacts of QT, such a sizable issuance is like an amplifier for tightening financial conditions.
Powell speaks at 10:15 am, just after Bullard at 10:00 am.
Now we just need Cramer to call a bottom and we have the full recipe for a trip to $SPX -1000.
@elonmusk
@paulg
Ridiculously high yield? 😂
The yield is set by the market, which is anticipating Fed policy. There is nothing ridiculous about yields of 4-5%, even 6%.
What was ridiculous was the decade+ of financial repression accomplished via zero interest rate policy + QE.