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From the article: "The FDIC’s deposit insurance fund will be used to cover depositors, many of whom were uninsured due to the $250,000 cap on guaranteed deposits". Unisured? Heck yeah, they're insured to $250K (double that if JTWROS) Those depositors have so much money they don't need any FDIC...

Big time. And obviously, he's not even an American. Meaning that, years ago, I was working closely with a guy from UK (HSBC Bank) He had never been downtown. I told him that Wall Street was originally a wall to keep the Indians out (under the buttonwood tree, etc) He had never heard that, and...

OK, until KFC. How does KFC fit in? I like the movie "Margin Call". The priincipal (Jeremy Irons) says: "Talk to me as you would talk to a young child. Or to a Golden Retreiver. I can assure you, it's certainly not brains that got me into this job."

On this MB, constant back and forth, those who have been in markets for a long time (decades) versus newcomers hoping to turn profitable, and make this their living. Big gap between these two groups. And I have never heard of anybody new to trading ask: "How do I build my BSmeter?" Recent...

To the extent that the banking industry in the U.S. is becoming nationalized (government property) it has successfully resisted the ubiquitous downturn in valuations. For folks looking to "scalp trade // day trade", it probably offers some refuge (with the FED at your back). But for any kind of...

Like all market tops, this one has brush fires coming from unrelated causes and different directions.

5.66% for a triple B ? Treasury notes are still Triple A, 2 Year is 4.60 YTM on Friday (State tax exempt on accrual). This is one of those markets where people think stocks and bonds are warm and fuzzy. Then they turn around and bite you. Just saying :cool::cool:

I don't think so. Congress sets the debt limit, but that's not the money supply. For example, 1) Treasury needs to roll debt over 2) but there are no buyers at current interest rates 3) The FED will step up, buy the debt (with newly created money). And that is why, anyone who says debt doesn't...

Yeah, and what is the reason for BOIL to have been such a great short, compared to the underlying ?? Not trying to be difficult (I understand "time premiums"), just that regulators (FED) have favorite winners and favorite losers. Trade accordingly.

I have an account at Ameritrade. My rep (90 miles away) calls me to say hello occasionally, But I have not received any such notice from Schwab. My account transitions in September. That's all. Another headline looking for a story.

Not sure who the "you" is in your post, me or the OP. If you are addressing that to me, the nascent U.S. had the distinct advantage of being populated with Western Europeans who were extremely eager to improve their lot in life. Couple that with a Code of law that would protect property owners...

Imperialism/colonization is a little more nuanced than that. The growth in wealth in the U.S. traces back to Cyrus J McCormick. His genius was at inventing and designing the first mechanical crop reaper (1845?). But his genius didn't stop there. He also knew his reaper empire would be far flung...

Anybody who likes the idea of EVs likes them for the idea of redundancy. (although few have figured that out). Same situation. with the power grid. If you are lacking confidence in the power grid, same answer: redundancy. Get yourself a large backup generator. Frankly it makes little sense to...

$100K will buy you less than 700 shares of this stock. The stock markets are a whole lot bigger than you think. Next question.

Bottom line, the U.S. Treasury can't afford to pay higher interest on the national debt. Congress has much more important expenditures in mind (bridges to nowhere, slavery reparations, absolving student debt, etc ) Powell will not cut, until the first three alarm fire gets called in (XYZ...

Old saying, Money talks, bullshit walks. Start at 6 months, if the Landlord doesn't like that, give him security for a year (but it has to go to an escrow account. Insist on the name of the law firm it where the funds are escrowed You will be in at any rental you choose.

"Left hand" MACD crossover on the weekly:

schizo Its in all the AGs. Crude eventually .

Do you little girls, Fred fore, Nobert, and maxiner have anything to say? This is supposed to be a forum about stocks. But you can make it whatever you want.

I have never heard that any collateral has been pledged. The FED was established almost 110 years. Until the past few years, the subject of collateral never came up. This is not your father's oldsmobile.