Mtl JP 22:48 GMT May 1, 2023
mkt
are you serious watson ? some still "worry"
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Bloomberg' Paige Smith:
First Republic�s Demise Fails to Mark the All-Clear on Banks
So, is it finally over now? If you ask JPMorgan Chief Executive Officer Jamie Dimon, the crisis is pretty much over.
�No crystal ball is perfect, but yes, I think the banking system is very stable,� Dimon responded
�This is another one-off solution to the liquidity crisis; we worry the market will find another target for funding concerns,� James Fotheringham, an analyst at BMO Capital Markets
I am reminded of Art Cashin's dogs' buffet
Mtl JP 22:06 GMT May 1, 2023
mkt
u.s. treasury -- that would be yellen's dept
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PRESS RELEASES
Secretary of the Treasury Janet L. Yellen Sends Letter to Congressional Leadership on the Debt Limit
May 1, 2023
WASHINGTON - Today, U.S. Secretary of the Treasury Janet L. Yellen sent a letter to all members of Congressional leadership regarding the debt limit.
The Honorable Kevin McCarthy
Speaker
U.S. House of Representatives
Washington, DC 20515
Dear Mr. Speaker:
I am writing to follow up on my previous letters regarding the debt limit and to provide additional information regarding the Treasury Department�s ability to continue to finance the operations of the federal government.
In my January 13 letter, I noted that it was unlikely that cash and extraordinary measures would be exhausted before early June. After reviewing recent federal tax receipts, ....
it appears she screwed up again: now she's trying to scare the kids that the "US could default as soon as June 1"
The full text of the letter can be found here and is available below.
Mtl JP 18:29 GMT May 1, 2023
mkt
blast from the past
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Bloomberg
Biden Vows to Hold Banks Accountable, Urges Stronger Rules
President seeks to reassure public following bank collapses
Costs of failed banks won�t be borne by taxpayers, he says
ByJordan Fabian and Josh Wingrove
March 13, 2023
PAR 18:27 GMT May 1, 2023
EURUSD
Reply
Long EURUSD 1.0970.
Mtl JP 18:22 GMT May 1, 2023
mkt
yess sherlock !
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First Republic�s failure exposes a flawed system where bank CEOs are not held accountable - MarketWatch
eureka
qtn is ... why not
Mtl JP 18:20 GMT May 1, 2023
mkt
euro 1.0975
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maybe whoever wanted / needed to buy some dollars
has their fill. maybe
Mtl JP 15:10 GMT May 1, 2023
mkt
EURO 1.0970
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GAP is stre----tching
Mtl JP 15:07 GMT May 1, 2023
mkt
I am reading some assertions / opinions from jamie
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* "you will see other cracks in the system. That�s to be expected."
* Real estate could also get worse, he said, "and hopefully people are probably prepared for it." oh yeah ... how ?
market crisis surrounding banks, he said, "is over."
"We already get a lot of scrutiny," he said, adding that �we need large successful banks in the largest and most prosperous economy in the world," citing clients from cities and schools to states and countries.
�For anyone who thinks that the United States of America should not have that should call me directly,�
"This was the last of the big banks that was teetering," he told Yahoo Finance. "With this behind the industry it should lead to additional confidence that...the acute stress in the system is behind us." - Wedbush Securities' David Chiaverini
jamie's biggest us bank "will pay $10.6 billion to the U.S. Federal Deposit Insurance Corp (FDIC) as part of the deal" - and the monkies laugh some more: ya attaboy jamie !
not only is it a semi-illiquid day it is filled with goodwill and levity
GVI Forex 14:54 GMT May 1, 2023
mkt
JP look at any chart
Mtl JP 14:42 GMT May 1, 2023
mkt
hahaha hihihi the monkies high in branches slap themselves silly at
jamie the humble charitable poetry
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..."Jamie Dimon said JPMorgan's acquisition of First Republic came after the US government asked the bank to "step up" in a deal that will "modestly" benefit America's biggest bank." ... "Our government invited us and others to step up, and we did," JPMorgan CEO Dimon said in a press release.
"Our financial strength, capabilities and business model allowed us to develop a bid to execute the transaction in a way to minimize costs to the Deposit Insurance Fund.
"This acquisition modestly benefits our company overall, it is accretive to shareholders, it helps further advance our wealth strategy, and it is complementary to our existing franchise."
Mtl JP 14:21 GMT May 1, 2023
mkt
what is "Semi-illiquid type trading" ?
I am adding 1.0990 long
GVI Forex 14:09 GMT May 1, 2023
mkt
ISM PMI
Actual:47.1 vs 46.8 Forecast:
prices paid 53.2 versus 49.0 estimate and 49.2 prior month
employment 50.2 versus 46.9 prior month
Yields
up
Holiday type trading
Calif VB 14:05 GMT May 1, 2023
mkt
wtf any news out?
Mtl JP 14:04 GMT May 1, 2023
mkt
at some point it WILL close
1.10 new long here
add on lower
1.0950 should hold Sup
Mtl JP 14:01 GMT May 1, 2023
mkt
wuoHO ! a GAP
PAR 13:53 GMT May 1, 2023
mkt
Looks like JPM won the lottery this weekend.
Rules are there to be broken.
Mtl JP 13:48 GMT May 1, 2023
mkt
EURO 1.1025+
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makes me think players are pricing ECB's hiking further out
PAR 13:41 GMT May 1, 2023
US BANKS
Reply
Less competition means higher profits.
The big getting bigger.
The rich getting richer.
Oligopolies in banking and technology.
Mtl JP 10:32 GMT May 1, 2023
mkt
US 10-YR 3.46% +0.008; 6:28am
Mtl JP 10:28 GMT May 1, 2023
mkt
EURO 1.1000
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atm I am selling the puppy
Mtl JP 10:19 GMT May 1, 2023
mkt
Degenerate Gambler
Keeping an eye on yellen; an eye out for new profit opps
---
opindia.com, 2 days ago
�
US dollar is the biggest financial terrorist in the world: Uday Kotak
Kotak
Mahindra Bank�s MD and CEO, Uday Kotak, made a significant remark against the US dollar on Friday. At a panel discussion for the ET Awards for Corporate Excellence 2023, he referred to the dollar as �the biggest financial terrorist in the world.�
one day later, he turns tail
�
Uday Kotak clarifies his statement, calling dollar as "financial terrorist"
Mumbai (Maharashtra) [India], April 30 (ANI):
Kotak Mahindra Bank Chief Executive Officer Uday Kotak on Sunday clarified his statement which mentioned the dollar as the �biggest financial terrorist in the world�. He reiterated that he had referred to the greenback�s disproportionate power.
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