Comments by "DrScopeify" (@drscopeify) on "CNBC Television"
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Except that he is right about food prices and immigration, if you want cheap food then let them in. Maybe you think that the food you buy is magically grown, picket and transported to the store but no, it takes a person with 2 hands to yank out of the ground you food, every freaking item you buy is picked by a human, so you need cheap labor or else you will see food prices explode like never in history. It's not just that non immigrants want holidays off, weekends off, high pay, but they are lazy too, you pay an America to pick fruit the guy will be on his phone 50% of the time and work slowly and lazy. The guys coming over are DESPERARTE for money to send back home to their family, they are willing to risk death to come here so they work hard very hard and for cheap so you can buy food cheaply in return.
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Except that he is right about food prices and immigration, if you want cheap food then let them in. Why are you blocking farmers from access to cheap labor? Maybe you think that the food you buy is magically grown, picket and transported to the store but no, it takes a person with 2 hands to yank out of the ground you food, every freaking item you buy is picked by a human, so you need cheap labor or else you will see food prices explode like never in history. It's not just that non immigrants want holidays off, weekends off, high pay, but they are lazy too, you pay an America to pick fruit the guy will be on his phone 50% of the time and work slowly and lazy. The guys coming over are DESPERARTE for money to send back home to their family, they are willing to risk death to come here so they work hard very hard and for cheap so you can buy food cheaply in return.
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@tabbycat8511 Banking laws and regulations were designed around a low interest rate reality, if you actually know the regulations you will see clearly how they were formed. Customer's did not make much return on their deposits and savings accounts or CDs so the banks pushed hard for other ways to counter-balance their liabilities to assets ratio requirements by pivoting to investment banking, M&As, direct investments all kinds of products and services and transactions, but if rates will remain high for the long term, then the banks will need to re-balance their entire platform going forward. Some banks were caught in a bind as the treasuries they held form excess cash flow during COVID were all put in to the long end bonds, and those collapsed in value as the FED hiked rates and the 10 year notes moved fast and we entered an Inverted Yield Curve, the banks as such, were stuck with paper they would take a loss on if cashed out and those that had to cash out risked going insolvent due to this problem. The Banks overall have since 2022, taken their coupon payments and so are now doing better, the banks however are still holding paper that they can't really sell so either they wait until the 10 year is up and finally roll the paper over to higher return or the yield curve un-inverts, rates fall and the banks are able to cash out early without taking a loss but that would mean rates have to fall dramatically and I really don't see that happening
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