I can't tell you; don't have an ATM card. I only use them overseas to avoid carrying cash. If Elon banned you, I guess you can't sit on The Federal Reserve Board.
"The trouble is that too few get poor — really, suitably poor — in the busts. To the titans of finance goes the upside. To we the people, nowadays, goes the downside."
It's the same model for toxic Superfund sites.. privatize profits & socialize losses.. win - win!
In the mid-80’s, at lunch with a couple friends, we decided to visit a music store. I bought two CDs, a Metallica (don’t remember which one), and a Best of Patsy Cline. One friend looked down at my purchase and then up to me, and said, “Sometimes you frighten me.” Your tastes are eerily similar.
The past week has been profoundly demoralizing. It’s not just Ackman, who’s beyond any doubt a charlatan, but many others acting shocked that deposits should ever be at risk, anywhere, ever, and now people are calling for universal, unlimited deposit insurance. We might as well create a nationalized bank and be done with it. A large number of powerful people clearly don’t believe in capitalism. No wonder young people see it all as rigged and want their piece of the action in the form of cancelled student debt.
Thanks. Many people have stood up for me, which I appreciate. It'd probably take 2 seconds to unban me - I'll delete whatever they want me too, but they're so screwed up I don't care anymore.
The one benefit of the twitter ban is the return to substack. I missed the collection of posts all put together. Really helps you through a banking crisis.
I tried to get you unblocked too.
Now i also got banned. Good thing is i have time to read your posts now. TWTR is too distracting.
Why wasn't the CEO apology video done behind bars? Alf does a great job of recapping the "crime" at SVB.
https://themacrocompass.substack.com/p/banking-crisis
Can’t be the only one that sees Bill the Cat Acking up a hairball every time Bill Ackmans says “this is not a bailout.”
Unsure if this qualifies as financial advice or not. ACK. thbbbbt
“Oil!” Is under appreciated. Movie even better! I tweeted out that Grant op-ed a few hours ago. Wisdom.
I can't tell you; don't have an ATM card. I only use them overseas to avoid carrying cash. If Elon banned you, I guess you can't sit on The Federal Reserve Board.
"The trouble is that too few get poor — really, suitably poor — in the busts. To the titans of finance goes the upside. To we the people, nowadays, goes the downside."
It's the same model for toxic Superfund sites.. privatize profits & socialize losses.. win - win!
In the mid-80’s, at lunch with a couple friends, we decided to visit a music store. I bought two CDs, a Metallica (don’t remember which one), and a Best of Patsy Cline. One friend looked down at my purchase and then up to me, and said, “Sometimes you frighten me.” Your tastes are eerily similar.
Very eclectic here too.
I'm certain the South Park guys would be better Fed managers than the current bunch.
How dare you do that to CPT Kangaroo.
♤
So how is this affecting Janet’s speaking fees? I hope we can backstop her from further losses.
The past week has been profoundly demoralizing. It’s not just Ackman, who’s beyond any doubt a charlatan, but many others acting shocked that deposits should ever be at risk, anywhere, ever, and now people are calling for universal, unlimited deposit insurance. We might as well create a nationalized bank and be done with it. A large number of powerful people clearly don’t believe in capitalism. No wonder young people see it all as rigged and want their piece of the action in the form of cancelled student debt.
^YES! Great comment
Keep this content coming, loving it.
Thank you
You had me at Captain Kangaroo.
I have not seen "Inside job". Thanks for linking that!
I was pulling for you to Elon on Twitter.
Absolutely absurd and unacceptable
Thanks. Many people have stood up for me, which I appreciate. It'd probably take 2 seconds to unban me - I'll delete whatever they want me too, but they're so screwed up I don't care anymore.
I'd be grateful if you ever want to post to my own forum, https://patrick.net/
Heck, that sounds familiar. You were around back in the day, pre-2008?
Yes, my site was the top blog about the housing market before the 2008 crash, at least for a while.
But now it's more about politics and economics in general.
I remember you. Good work!
Your posts here are gold Rudy keep it up. Redic that twitter keeps banning you.
Good, you were one of the first people I discovered. No one on Twitter has made me laugh more, lol Keep doing what you do!
The one benefit of the twitter ban is the return to substack. I missed the collection of posts all put together. Really helps you through a banking crisis.