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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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54060121 No.54060121 [Reply] [Original]

Press conference tomorrow. Feds will offer temporary credit facility at near 0 rates for any bank which asks for it, with repayment in years. Can will be kicked yet once again. This is the only way they can salvage this shit.

>> No.54060142

>>54060121
a bailout by another name.

>> No.54060145
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54060145

>>54060121
if he does this I will short usd and long yen+euro+gbp

>> No.54060170
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54060170

>>54060121
> YELLEN: CERTAINLY NOT LOOKING AT REPEATING BANK BAILOUTS OF PAST
keep coping

>> No.54060221

>>54060145
>shorting a near invulnerable currency and longing failing economies and secular stagnation
ngmi

>> No.54060226

>>54060121
Wait, so banks get salvaged again with people's money?

>> No.54060240

>>54060170
Means they are looking to do bailouts that look different than the past ones

>> No.54060251

>>54060121
Daddy why is the man standing on the desk...

>> No.54060254

>>54060145
>long gbp
HOLY NEVER EVER EVER EVER WILL MAKE IT LOL

>> No.54060289

>>54060221
>>54060254
okay I admit that was a forex larp
but this would unironically kill usd supremacy no cap

>> No.54060314

>>54060121
I will most definitely go long yen if they do this shit. They have so much US debt that they can subsist off of that alone and avoid the worst of the fallout

>> No.54060338

>>54060314
why yen specifically and not gbp or euro? isn't the negative interest rate stuff kinda a death sentence?

>> No.54060409

>>54060338
Euro is too closely tied to the US banking system. Look at what the German banking index did on Friday and you’ll see we are way too connected.
>negative interest on the yen
Yes that is a problem long term, but japans financial system isn’t tied to ours as much and they have an absolute mountain of US debt they can use to fight back any risk making them attractive short term.

>> No.54060427

>>54060409
ok but what if USA defaults?

>> No.54060488

>>54060427
Then it’s a literal global depression and there is no investment vehicle that won’t get obliterated. That’s a fringe risk at best and nobody wins in that scenario

>> No.54060509

>>54060121
So long as they continue to keep rates high, shitting all over Canadian housing, I don't care.

>> No.54060524

>fed reserve does exactly what it’s supposed to do
>prevents disaster
>/biz/ somehow thinks this is bad

>> No.54060585

>>54060409
JPY has been losing ground to every major currency, what are you on about

>> No.54060630

>>54060121
They should charge prime at least on that "line of credit of last resort"

>> No.54060645

>>54060226
Their management would have to be replaced. That should be one of the requisites. They should be banned from running financial institutions

>> No.54061361

>>54060585
I cited a specific circumstance and stated it was a short term play anon. Blindly buying yen is stupid, the move I outlined is calculated