Meta layoff news on the horizon, many leaks Multiple smaller firms had layoffs https://twitter.com/KobeissiLetter/status/1633924623086526465?s=20 Liquidity is disappearing all around the board: 1. S&P 500 lost $600 billion in 2 hours 2. Crypto markets down $40 billion today 3. Four biggest US banks down $50 billion today 4. Bond markets trading like meme stocks US stocks and crypto have now lost over $2 trillion in market cap in under 24 hours. Stock market futures just hit a 2-month low and #Bitcoin broke below $20,000. Meanwhile, a collapse of Silicon Valley Bank would mark the 2nd largest bank failure in U.S. history. All the buyers are gone as inflation is here to stay. Tomorrow we will receive the February jobs report. The Fed has stressed multiple times that this will be key in their March interest rate decision. We will also receive key CPI/PPI inflation data next week.
India
3h
473
What do vegetarian Indians eat for protein?
Tech Industry
Yesterday
444
Bitcoin is the only possible future
Tech Industry
Yesterday
3096
1 vs 5 Million - no lifestyle change
Ask Blinders
Yesterday
805
Why is our country owned by Israel? I don't want my tax dollars fund genocide. How can we stop this nonsense?
AMA
Yesterday
596
What TC can I expect moving from Google -> HFT as L4?
Collapse of silicon valley bank - which bank is on the verge?
Domino Effect, hoping not but does not look good. Just pulled my cash out.
Until crypto BS doesn’t hit zero we haven’t hit bottom and fed will have to keep raising.
Is this cnbc?
1. Government spends / prints money to stimulate economy 2. Inflation goes up 3. Interest rates hike up 4. Borrowing becomes hard 5. Unemployment goes up 6. Spending slows 8. Stock market goes crazy They have us distracted on divisive issues while we have we have to settle for a lower quality of life and are used to complying no questions asked, meanwhile; https://www.nytimes.com/live/2023/03/09/us/biden-budget-tax-news Because war. Probs will regret this, but how does this make sense?
You know mostly us ppl still own that money in liquid form
they are just not in the stock market
Cash in a bank is not fully liquid. The fdic takes years to pay back the money. Also the banks could delay transactions if you wanna transfer or buy stocks….