In todays news...

[JackyJoll]

Don't know if anyone else is following this but Joe Blogs is one of my go-tos for opinion pieces.

That does look like it might be one of your go-tos!

[wheelnut]

Not that I know much about this but I think SVB is a little unusual in that it held a high amount of deposits against few loans (a lot of cash (venture capital supplied) rich start up companies). They had to do something with the cash so they sank it in to bonds. The rapid interest rate rises made the bonds they were long term locked in to less viable. They were still liquid long term but the rush of withdrawals caused them to sell the bonds off at a loss leaving a hole. Not sure if other banks are as exposed but the fast interest rate rise won't be helping.

As with everything in the economy, it's about confidence.

[Screwdriver]

Except of course it is not that unusual. The Biden admin refuse to accept they have caused a recession, they even had it renamed but they can’t (or won’t) stop the effect of this very real recession.

Don’t know what the effect will be over here in UK banks but then I don’t have enough money to worry about it.

[wheelnut]

Except of course it is not that unusual. The Biden admin refuse to accept they have caused a recession, they even had it renamed but they can’t (or won’t) stop the effect of this very real recession.

Don’t know what the effect will be over here in UK banks but then I don’t have enough money to worry about it.

I think mainstream banks have more diverse portfolios than SVB so I don’t think there’s any great worry at the moment. I suspect it’s concentrated a few minds though and it’s hard to believe that the Fed (and the BoE) didn’t see this as a real risk of rapid interest rates rises after such a long time of ultra low rates.

[DefTrap]

Says all you need to know about the BBC row...

[dern]

I think it tells us everything we needed to know about the immigration row more than the bbc row. The Tory’s are nasty bastards without compassion and just trying to drum up support from nasty bastards to save their skin.

[JackyJoll]

[mangocrazy]

it’s hard to believe that the Fed (and the BoE) didn’t see this as a real risk of rapid interest rates rises after such a long time of ultra low rates.

It's the ultra-low rates over an extended period of time (over 12 years) that are the distortion. And half a percent every couple of months is hardly a rapid rate rise for those with memories longer than 15 years.

[Docca]

It's official, Gary Wanniker is plank of the week....

Mike would appear to be in a bit of hot water about his James O’Brian tweet.



Then there was this:




GB News/TalkRadio/ general right leaning nastiness. They’re all the same, as are their fans

[Count Steer]

Radio Ant!

[Ant]

Mike Graham, legend! James OBrien, pompous champagne socialist who lives in cloud Cuckoo land, like most of the selfish lefties do who support Gray's anti semitism and would rather see trafficked people die in the channel rather than have the illegal immigration stopped. Deranged lefties.

[Count Steer]

Mike Graham, legend! James OBrien, pompous champagne socialist who lives in cloud Cuckoo land, like most of the selfish lefties do who support Gray's anti semitism and would rather see trafficked people die in the channel rather than have the illegal immigration stopped. Deranged lefties.

6.39pm and pissed already.

[Ant]

Mike Graham, legend! James OBrien, pompous champagne socialist who lives in cloud Cuckoo land, like most of the selfish lefties do who support Gray's anti semitism and would rather see trafficked people die in the channel rather than have the illegal immigration stopped. Deranged lefties.

6.39pm and pissed already.

Pissed and shouting from the top of my voice....

Defend those statuuuuuuuueeeeeeeeeeeeessssssaaaaaaahhhh

[weeksy]

Mike Graham, legend! James OBrien, pompous champagne socialist who lives in cloud Cuckoo land, like most of the selfish lefties do who support Gray's anti semitism and would rather see trafficked people die in the channel rather than have the illegal immigration stopped. Deranged lefties.

6.39pm and pissed already.

Pissed and shouting from the top of my voice....

Defend those statuuuuuuuueeeeeeeeeeeeessssssaaaaaaahhhh

Don't you get bored of it?

[Mr Moofo]

6.39pm and pissed already.

Pissed and shouting from the top of my voice....

Defend those statuuuuuuuueeeeeeeeeeeeessssssaaaaaaahhhh

Don't you get bored of it?

Apparently he doesn't.
Or doesn't have anything better to do

[Count Steer]

Pissed and shouting from the top of my voice....

Defend those statuuuuuuuueeeeeeeeeeeeessssssaaaaaaahhhh

Don't you get bored of it?

Apparently he doesn't.
Or doesn't have anything better to do

I suspect the Internet is the nearest thing he has to family...it's the one thing that can't leave.

[Ant]

And what about anyone else with an opinion which differs from yours?

As I've always said, the left cannot have a debate without resorting to name calling and bitter attacks.

[Count Steer]

And what about anyone else with an opinion which differs from yours?

As I've always said, the left cannot have a debate without resorting to name calling and bitter attacks.

Ooh..upset are we? Snowflake.

[Ant]

And what about anyone else with an opinion which differs from yours?

As I've always said, the left cannot have a debate without resorting to name calling and bitter attacks.

Ooh..upset are we? Snowflake.

I'll assume your family up and left, hence the comment. Upset? No , in fact you fascinate me a bit. Let's look at upset then....I have my view and you've gone on the attack.....how very left wing of you.....

[Count Steer]

And what about anyone else with an opinion which differs from yours?

As I've always said, the left cannot have a debate without resorting to name calling and bitter attacks.

Ooh..upset are we? Snowflake.

I'll assume your family up and left, hence the comment. Upset? No , in fact you fascinate me a bit. Let's look at upset then....I have my view and you've gone on the attack.....how very left wing of you.....

Don't like being challenged?

Toughen up.

Buttercup.