lol, oh man. I just love reading QTR! I get so f*ck'ng depressed and castrated reading up on the latest news. "It's not me, it's the rest of the word. Lord!" as I try to grasp the last thatch of sanity leaving my inebriated soul. It just makes my green Vulcan blood boil. Yet, a few quick minutes reading QTR mind-melding articles has the same effect of drinking green Romulan ale. I feel happy! Thank you QTR!!!
I must say reading "Backing the U.S. dollar with waffles manufactured under the Eggo brand name" is the funniest thing I have read in a long time. I'm glad I didn't have a sip of coffee before reading that. Enjoy your skiing in Aspen this weekend!
around 2018 or so, i was talking to a passenger (i was an uber driver) and he was a VC, i asked him, do you think the bay area (silicon valley) would ever experience bad times (something along those lines) he answered "no, you see silicon valley, is like, in it's own bubble, whatever happens in the country won't really touch us here" in a few years, a tiny microbe (covid) came in and made millions of people flee the state, now, one of the first casualties seems to be SIVB bank... from that question, i knew people were to prideful in silicon valley, and many Americans (sadly) still don't understand what is coming, people get crazy when it comes to their finances, and their livelihood. Sad times are ahead
I’m sorry, but I have been watching “Bankers” screw up so many things for so long I have no faith whatsoever, in their capability of making any type of reasonable business decision. They are the worst business people.
I don’t care what size bank, the bankers I have dealt with are,to be kind, clueless.
Thanks QTR for giving your audience the truth.
The “FED”. What a joke? They should not have bailed out these “too big to fail companies” in 2008. Look where we are now. This is going to get interesting.
Thanks for the morning laugh. "I knew it, I'm surrounded by assholes." Like Chris Cole says about vol, "It's like a closed pipe system with increasing pressure. You don't know which pipe will be the first to blow, but you know it is going to happen."
You all know the drill: if the panic gets bad enough the Fed will step in. But, unlike days past, their options are going to be severely limited by the fact that inflation is nowhere near under control.
IMHO........i doubt very much whether the Fed will let the Market panic get out of control.........yes....on Thurs the markets went down a bit.....but big deal..... in the last 10 to 15 yrs the markets have gone up so ...frickin high............that a few points down ......means nothing at all........so is there a panic yet.........IMHO.......i say no...............will the Fed let the banks go bust.........IMHO..........hell no.........so tell me if you will.........in your honest opinion do you really think that the President of the US and his loyal Fed...Jay Powell........really want to see the banks go bust and another Great Depression on their watch..............if they do and if thats what happens i will eat my hat........lol........of course that would be without salt........my doctor says i can't eat salt.........lol....................
Good article, Chris. I think the real shit hits the fan when, instead of waking up the day after banks like SIVB have fallen 60%+ and the next morning on Twitter people are saying it's now a "trade" for the "degenerates"; instead of that kind of Las Vegas logic, people are crying to the Administration for "justice." When that day comes, we will see sentiment truly shift. Until then, apes are still in the market.
They'll never accept my idea: mint lovely platinum coins at a set price and purity and weight at $1,000 face value and have a lovely "platinum" window effectively backing the U.S. dollar on a 'Platinum Standard.' - Along with flying cars, I will never live to see the day.
JL - Houston, TX. (a state with the beginnings of sound money.
"Curing" inflation by raising interest rates is like curing hypertension by flatlining the patient. It works, but the side effects are hell. If they wanted to rein in inflation (they don't) they would work to bring the cost of diesel down under $4 per gallon. How can we do that? By making lakes of pristine clean diesel from mountains of coal.
The proven process is over a century old. Yet, a couple guys won the Nobel Prize in Chemistry a decade or so ago by creating a process that mimics nature, making the process much more productive and efficient. Ten years is long enough to get a bright idea out of the lab and onto the plant floor.
Of course, the criminally insane Malthusian Marxists squatting in power will howl at the moon at the idea of cheap, plentiful diesel. So what? Thank God and the Founding Fathers for federalism! West Virginia needs to urgently ramp up coal-to-diesel production. If the Feds try to bottle it up in the Mountain State, then truck drivers can just adjust their routes to pass through the state so they can fill up for 25% less.
lol, oh man. I just love reading QTR! I get so f*ck'ng depressed and castrated reading up on the latest news. "It's not me, it's the rest of the word. Lord!" as I try to grasp the last thatch of sanity leaving my inebriated soul. It just makes my green Vulcan blood boil. Yet, a few quick minutes reading QTR mind-melding articles has the same effect of drinking green Romulan ale. I feel happy! Thank you QTR!!!
I must say reading "Backing the U.S. dollar with waffles manufactured under the Eggo brand name" is the funniest thing I have read in a long time. I'm glad I didn't have a sip of coffee before reading that. Enjoy your skiing in Aspen this weekend!
around 2018 or so, i was talking to a passenger (i was an uber driver) and he was a VC, i asked him, do you think the bay area (silicon valley) would ever experience bad times (something along those lines) he answered "no, you see silicon valley, is like, in it's own bubble, whatever happens in the country won't really touch us here" in a few years, a tiny microbe (covid) came in and made millions of people flee the state, now, one of the first casualties seems to be SIVB bank... from that question, i knew people were to prideful in silicon valley, and many Americans (sadly) still don't understand what is coming, people get crazy when it comes to their finances, and their livelihood. Sad times are ahead
I’m sorry, but I have been watching “Bankers” screw up so many things for so long I have no faith whatsoever, in their capability of making any type of reasonable business decision. They are the worst business people.
I don’t care what size bank, the bankers I have dealt with are,to be kind, clueless.
Thanks QTR for giving your audience the truth.
The “FED”. What a joke? They should not have bailed out these “too big to fail companies” in 2008. Look where we are now. This is going to get interesting.
Well looks like the roller coaster ride is getting to the interesting point in the amusement park.
Thanks for the morning laugh. "I knew it, I'm surrounded by assholes." Like Chris Cole says about vol, "It's like a closed pipe system with increasing pressure. You don't know which pipe will be the first to blow, but you know it is going to happen."
You all know the drill: if the panic gets bad enough the Fed will step in. But, unlike days past, their options are going to be severely limited by the fact that inflation is nowhere near under control.
IMHO........i doubt very much whether the Fed will let the Market panic get out of control.........yes....on Thurs the markets went down a bit.....but big deal..... in the last 10 to 15 yrs the markets have gone up so ...frickin high............that a few points down ......means nothing at all........so is there a panic yet.........IMHO.......i say no...............will the Fed let the banks go bust.........IMHO..........hell no.........so tell me if you will.........in your honest opinion do you really think that the President of the US and his loyal Fed...Jay Powell........really want to see the banks go bust and another Great Depression on their watch..............if they do and if thats what happens i will eat my hat........lol........of course that would be without salt........my doctor says i can't eat salt.........lol....................
Good article, Chris. I think the real shit hits the fan when, instead of waking up the day after banks like SIVB have fallen 60%+ and the next morning on Twitter people are saying it's now a "trade" for the "degenerates"; instead of that kind of Las Vegas logic, people are crying to the Administration for "justice." When that day comes, we will see sentiment truly shift. Until then, apes are still in the market.
Chris M
What a Ride! :)
I love this blog. No matter how dire the news, it still makes me laugh.
One of your best!
Brother we need a QTR podcast ASAP!!! I don't care if SVB is a one off or a harbinger of doom... but things seem to be getting spicy
They'll never accept my idea: mint lovely platinum coins at a set price and purity and weight at $1,000 face value and have a lovely "platinum" window effectively backing the U.S. dollar on a 'Platinum Standard.' - Along with flying cars, I will never live to see the day.
JL - Houston, TX. (a state with the beginnings of sound money.
"Curing" inflation by raising interest rates is like curing hypertension by flatlining the patient. It works, but the side effects are hell. If they wanted to rein in inflation (they don't) they would work to bring the cost of diesel down under $4 per gallon. How can we do that? By making lakes of pristine clean diesel from mountains of coal.
The proven process is over a century old. Yet, a couple guys won the Nobel Prize in Chemistry a decade or so ago by creating a process that mimics nature, making the process much more productive and efficient. Ten years is long enough to get a bright idea out of the lab and onto the plant floor.
Of course, the criminally insane Malthusian Marxists squatting in power will howl at the moon at the idea of cheap, plentiful diesel. So what? Thank God and the Founding Fathers for federalism! West Virginia needs to urgently ramp up coal-to-diesel production. If the Feds try to bottle it up in the Mountain State, then truck drivers can just adjust their routes to pass through the state so they can fill up for 25% less.
Our Bullshit Economy!!! Let’s go
You wrote a great article and it's very much appreciated and from every perspective.