Comments by "Daniel Bradford" (@Falconlibrary) on "Silicon Valley Bank troubles may cause Fed to start cutting rates, says Larry McDonald" video.

  1. Three things: 1. Should've raised it 50 bps at the LAST meeting. How can the Fed misread the data this badly? 2. The Fed won't raise by 50 bps at the next meeting because the free money addicts on Wall Street will throw a tantrum, and Powell has made it clear THE MARKET is his only real concern. 3. I said a year ago the same thing I'm saying today: Powell is Arthur Burns, not Paul Volcker. Powell's slavish obedience to THE MARKET and his innate timidity in fighting inflation have doomed us to a DECADE of stagflation--worst of all possible worlds. That's all.
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  2. Every US bank is badly managed. On a scale of 1 to 10, with 10 being the best, I'd give the BEST one a 6. And most are at 3 or 4. Banks are propped up by corporate socialism. We saw that in 2008 and you're about to see it again. A criminal corporation poisoned an entire town in Ohio. No help for them. Some badly managed banks run by idiots and criminals are about to go under--oh no! Here's a trillion dollar check, call if you need more!
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  3. pictures you doing your former job by shaking a Magic 8 ball
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