GBA Presents: RADIO SAVANT-!

SPEED KILLS-

Take a second here and talk about the market. The entire crisis at Silicon Bank was brought on by a Goldman Sachs investment move. Those nice guys at Goldman offered to take some bad performing loans off the books of Silicon. GS obviously would pay way below market value to transfer this negative debt. GS is not altruistic-- they will turn this over and make a fortune...
But the move itself revealed the loans & mismanagement of bonds purchased and that revelation sped around Twitter<---

This is our first Twitter Bank fail. Rich guys who use Twitter started talking about taking their money out and the bank's chances of failure and it snowballed. It snowballed at such a rapid face regulators shut down the bank during the day on a Friday while the stock market was open.

All through the 08' mess banks were closed down on the weekends. Every time. This one was that much worse..or that much faster.

Speed kills.

The absolute interest rate we are at now is not so much we could not overcome. But it's the speed in which we got here that will be looked at now by everyone.

Many smart but stupid Wall street proffesionals have been urging speed the whole time for a variety of reasons. I admit early on I was one-- my thinking we had to quickly get up to a point that we could lower from. I was worried we wouldn't build up enough ammo before things went dark. But about half way through the cycle that went out the window as the Fed starting using.50's and threatening.75's. Well this test of the system certainly failed us and the fed has some amount of egg on it's face.

Inflation must be viewed as along term problem and the fix will be long term. Thus my 4% is the new 2% mantra which I have been saying for a year.

Speed kills-- we don't need it. ~stoney
 
I don't want a world war. But you fly like this at a drone with a good amount of AI in it and the ability to shoot missals what would the AI do?

AI had every right to shoot down this plane.
 
My keyboard batteries are very low. Today is TAX day No 1. A day in which I get pretty depressed over the amount of trades I make. Am I an addict?

I prefer the term Portfolio Manager.
 
Last Word-

The Fed will not get to 2% this is now known.

The Fed has been playing a game and the game is over.

A new word of nominal higher inflation will be very good for tech.

Everything is going to cost a bit more including tech. Deal with it.

Consumption is controlled by the masses. Consume less.

The consumer needs to teach the producer of goods how high they can raise prices.

Until then, lets get this stock market quickly back to S&P 4,080. This is a level I feel is important and an area to base in.

Janet Yellen speaks today and it will be controversial - she will allude to all deposits being protected at every bank. No matter how high above $250,000 you are. How we get to that point? Back to portfolio insurance and banks paying in for it... Yellen needs to thread a needle here promise solvency but not dip into tax payer money.

If she can pull it off the market should take off.
 
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