The strategy of banks requiring wealthy clients to give them deposits or primary banking relationships in exchange for loans may be ending, advisers say.
www.cnbc.com
"The SVB crisis has only accelerated a broader push by wealthy investors over the past year to move cash out of bank balances and into Treasurys and money markets. With the rapid Federal Reserve hikes, Treasurys and money markets can now offer a 4% or 5% risk-free return — often double the yield on a savings or checking account."
Dunno. I dont own this stock either. I was just pointing out that you can get a 6% dividend on a big name stock. Wasn't too many years back the stock really surged.....trippleing in value during the past ten years or so......IIRC. Been a turd lately.
I was ok with the big internet deer personalities stealing my food plotting system and pitching it as something they invented. But this is getting crazy. Now wall street is copying my homework too. Gonna have to start charging you guys for my ideas or at least ask for a month of the year to be dedicated to me and my work.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
I bought some more 2-mo treasuries in yesterday's auction, and they haven't settled yet. I'm betting they've got way more people/entities to deal with as they get ever more popular by the day. Two weeks ago, they were settled within a couple hours of the auction. I've got another order for monday to buy a block of 6-mo treasuries.
Need a big rally in the stock market to open tomorrow. Need to get that 6-mo treasury rate back up to 5.2% where it was a week ago before the auction happens. Hoping for one more good auction before QE Omega is launched.
They are so desperate to hide the truth they arrested Trump I really thought they would would pick door number one and go with WWIII guess Biden’s handlers figured it would be easier for his Chinese task masters to take over the US with door number two let’s try a civil war to weaken the country even more to go along with the banking collapse they brought about.
I knew it was going to be an interesting week. Wonder what they have planned for door number three if this doesn’t result in the civil war they are hoping for???