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Old 03-14-2023, 10:57 AM
  #5206  
Diablo Dude
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Originally Posted by fijibubba
The SVB share holders meanwhile are left eating yellow snow. Still a ton of fallout no matter if depositors are made whole or not. Unfortunately someone is always left holding the bag and now will be unlikely able to pay their ADM. That stings, especially when most had no opportunity to liquidate...
This is nothing new.
Any company that is in a Bankruptcy or liquidation process sees its shares worth zero if liabilities are greater than assets.


Last edited by Diablo Dude; 03-14-2023 at 11:01 AM.
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Old 03-14-2023, 11:04 AM
  #5207  
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Originally Posted by Boltsfan
Um, no. The Fed was part of it through quantitative easing, but fiscal stimulus was a huge part, so to say "no one else" is flat out wrong.
Once again, you totally missed my point given the post by Manifold.
Here, let me repeat it for you again . . .



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Old 03-14-2023, 12:00 PM
  #5208  
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Originally Posted by Diablo Dude
Once again, you totally missed my point given the post by Manifold.
Here, let me repeat it for you again . . .

That's a simplistic take, no?

If the central bank could stop inflation, why hasn't it stopped inflation after 1+ year of trying? How could the fed have stopped inflation spiking for cars in 2021/2022 because semiconductor facilities were shut down?
Old 03-15-2023, 12:42 AM
  #5209  
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Originally Posted by Boltsfan
My guess is that the Fed raises 25 bps at the next meeting. They are in a conundrum - they have the earlier inflationary data that is hotter than expected but then SVB, etc. happens. If the March CPI comes in hot or even warm, then I think they will feel compelled to raise 25 bps.

We haven't even seen the full effects of the interest rate hikes, which we will later this year, and things are already breaking. Put on your seatbelts.
I agree that they will and should raise rates by 1/4% next week because inflation is the bigger evil between a mild recession and/or a few bank failures.
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Old 03-15-2023, 11:17 AM
  #5210  
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Market is crashing real hard today. We might see negative adm (also known as back to the norm).
Old 03-15-2023, 12:13 PM
  #5211  
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Originally Posted by Ascend
Market is crashing real hard today. We might see negative adm (also known as back to the norm).
Yep. Pretty soon, dealers will pay us to take cars off of their lot.
Old 03-15-2023, 12:14 PM
  #5212  
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Originally Posted by Ascend
Market is crashing real hard today. We might see negative adm (also known as back to the norm).
I don't read too much into short-term things, but it's certainly possible that things are finally starting to break, and now we're caught between trying to fight inflation (very bad) and not having lots of things break (also very bad). I don't really see a scenario where the economy won't be in trouble in the coming year or so. I know Porsche GT cars are luxury goods, but that doesn't mean demand won't come down if the economy has a lot of problems.
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Old 03-15-2023, 12:51 PM
  #5213  
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Originally Posted by rj2014
Yep. Pretty soon, dealers will pay us to take cars off of their lot.
That did actually happen in early 2010s. Dealers begging us to take rs 4.0 off their lots haha. Rich people will be the last to be affected.
Old 03-15-2023, 01:00 PM
  #5214  
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Originally Posted by Ascend
Market is crashing real hard today. We might see negative adm (also known as back to the norm).
1.5% is crashing to you?

The hyperbole is real.

https://www.motor1.com/news/657059/p...ice-increases/

This is a more concerning thing.
Old 03-15-2023, 01:21 PM
  #5215  
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Originally Posted by CornWood
1.5% is crashing to you?

The hyperbole is real.

https://www.motor1.com/news/657059/p...ice-increases/

This is a more concerning thing.
I am worried just as much as you guys are. My brokerage account took a pretty big hit as well.

msrp doesnt mean **** though. When times are good, people pay 100k over msrp. When times are bad, people get cars below msrp.
Old 03-15-2023, 01:37 PM
  #5216  
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Originally Posted by Ascend
I am worried just as much as you guys are. My brokerage account took a pretty big hit as well.

msrp doesnt mean **** though. When times are good, people pay 100k over msrp. When times are bad, people get cars below msrp.
wasn’t the market up like 2% yesterday though? Why the freak out?
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Old 03-15-2023, 05:06 PM
  #5217  
ipse dixit
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People here sound like women on crash, fad diets. Freaking out at every pound gained or lost on a daily, if not hourly basis, when what we really care about are long term (or at least medium term) trend lines.

Thinking you've gained a pound does not mean your diet sucks or you're fat.

And likewise, losing an extra pound does not mean your diet is working or that you're all of sudden ready to show off your beach bod.

People who act on daily, short term market volatility are just guppies waiting to be fed to the whales, or what we used to call day traders and pikers.
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Old 03-15-2023, 06:28 PM
  #5218  
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Originally Posted by Ascend
I am worried just as much as you guys are. My brokerage account took a pretty big hit as well.

msrp doesnt mean **** though. When times are good, people pay 100k over msrp. When times are bad, people get cars below msrp.
They might pay $100k over when times are good, but you’re not paying $100k under when times are bad.
Old 03-15-2023, 07:34 PM
  #5219  
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Originally Posted by shrimp money
They might pay $100k over when times are good, but you’re not paying $100k under when times are bad.
yep. When market crashes and everyone’s portfolio tanks, it take a lot of ‘would be’ buyers out of the game
Old 03-15-2023, 10:24 PM
  #5220  
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Originally Posted by rj2014
Yep. Pretty soon, dealers will pay us to take cars off of their lot.
Thats funny!
There's a 2 year wait for ordering a 911.

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