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Warm Up
- Back from Central America!
- Largest bank failure since 2008!
- Fed will keep raising until something breaks - HELLO!!!!!!!!!!!!!
- Worst Fed Ever!
- General lack of any business sense - math clearly not a priority in last generations
- - No attention to detail - oversight sucks- management is limp
- Sunday Night STICK SAVE! (A joint statement from the various regulators involved said there would be no bailouts and no taxpayer costs associated with any of the new plans. )
Market Update
- Capitalism is Dead - Moral Hazard Lives On!
- 2-day panic attack with region banks - SVB Blowup
- DJIA down for the year
- California Banking system is imploding - RUN-ON-Bank
- CPI - not slowing down too much - 6% YoY
- Everyone now banking on less Fed hikes due to banking crisis - or none... Or cuts! (85% chance for 0.25% increase next week)
Coming up this week on Andrew's TDI Podcast - Guest, Anthony Scarramucci
BONE TO PICK
- All these tik-tok nubes - want to be a millionaire but have no idea what that means - LET me explain something from someone who works with lots of money all the time... It takes work and then more work
- - You can't just make it, you need to keep it. That is just as hard.
---- Making it is not just seeing it on social media - it is a grind and something special - hard work - which it seems is not what people want.
----- Sit at home, no oversight, playing on phone, personal time and personal boundaries that are above work AND not watching the details.
--- This is what creates the mess we see today - Then we want government to bail us out! Childish!
