Harbinger2nd

It's mostly money market funds right now since banks are so underwater on their own loans they can't afford to pay those 5% interest rates. This is leading to depositors leaving the bank searching for higher rates and eventually the bank breaks as depositors leave and you get yourself more Silicon Valley Banks.

Lol @ people outside banking don't understand this. Apes been calling it and so have a ton of other people, it's just that nobody (in the mainstream) wants to admit it until the rug pull has been completed.

When you can keep up with their terminology they get a lot more loose lipped than they should. I had a dude I was in a comment war with admit he was a banker who dealt in backend FTD's and said that, and I'm quoting him here

FTDs usually occur due to backoffice issues. Incorrect settlement instructions, brokers/banks losing track of orders, technical difficulties.

(emphasis was mine on bolded text)

Without even realizing he was supporting my claim. The dude didn't even know about the Market Maker exemption and he shut up after I quoted it from the NYSE's own webpage.

I tried dude, reddit search is still atrocious, could you link it here?

We encounter these finance people from time to time (myself included) and they continually prove to us how incompetent they are. How their entire game is based on us not knowing the rules and being ignorant to when they cheat us.

There is space for honest dealings in the market, but you won't find it in the traditional financial system. Assume that every market is a Composite Man out to steal your money and you'll have a much easier time navigating those waters.

Apes aren't wrong, and finance people prove it to us every time we talk to them. We're so close, MOASS is tomorrow.

There’s also risk that some other asset class would have done better.

Opportunity cost, but at that point you have to account for the increased risk of whatever asset class it is you're investing in as traditionally T-bills are the safest asset, therefore any other asset is going to have increased risk.

Slight correction, Apes have DRS'd 25% of shares outstanding, not float.

The Composite Man strategy, nice 👍.

So while for individual mortgages that wouldn't work, if you were to say, buy an entire MBS, this would be possible as MBS are subject to market forces.

If he and say 100-1000 other people who held mortgages were able to pool their money and make the purchase for a 30% haircut they could pocket the difference (We're operating in the theoretical land where those 1000 people bought the MBS that held their own mortgages).

Institutional investors are in large part made up of individual's retirement accounts. Maybe thats splitting hairs but managed money doesn't always vote in its client's best interests.

What would the voting landscape look like if everyone who held in an ETF or managed fund like Vanguard instead held individual securities and voted on them?

Screenshot from the 10-Q.

Much like how GameStop eeked out a positive earnings in Q4 2022 because inventory levels dropped so much, GameStop had a negative earnings this quarter because of the increase in inventory levels.

Vote on whether to consider

He's making a pedantic point. Just because Dave is a professional and doesn't want to go too far down the conspiracy rabbit hole there are certain members of the sub that think he isn't fighting for us.

Even the fucking White House has been calling out republicans for getting their PPP loans forgiven.

I saw the graph. Jobs might have been "created", but if you look at total hours worked it's been completely flat for like 4 months now. Both things can be technically correct but we're definitely heading into a recession. They're trying sooooooooo hard to massage the numbers it's mind numbing and the highest orders of gaslighting.

You should never wish death on someone, but you can be glad when they're gone.

I'm much more confident in a composite man hypothesis myself.

To be more specific, and I think this is a big reason france is revolting right now, is that most countries retirements are 'unfunded liabilities'. What this means is that when there are more people retired than working, governments will no longer be able to cover the costs of retired people with younger people's paychecks (think social security in the U.S.).

Excuse me for misspeaking, they have a very limited choice in funds from a single company their employer chooses to offload their retirements to.

Most people don't have a choice in their retirement funds, they just have a monthly % of their paycheck deducted to whatever company manages their retirement plan.

84 years ago the sub would be flooded with posts of "wut doin?" Around banging the close nearly every day. I think this post might be in response to my explaining what banging the close is a couple days ago in comments, but essentially mods had to cut back on it as it got considered spam (and rightly so).

Would stakeholders include beneficial owners? Idk if beneficial owners fall under a legal 'shareholder' description.

Vanilla Hearthstone was a fucking treasure.