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bernorange

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  1. bernorange
  2. bernorange
    Wordle 635 4/6 ⬜⬜🟨⬜⬜ 🟩⬜⬜🟨🟨 🟩⬜🟨🟩🟩 🟩🟩🟩🟩🟩 Not bad; not great Daily Quordle 416 4️⃣6️⃣ 8️⃣7️⃣ m-w.com/games/quordle ⬜⬜🟨🟨🟩 🟨🟨⬜⬜⬜ ⬜⬜⬜⬜⬜ ⬜⬜⬜⬜⬜ ⬜⬜⬜⬜🟨 🟨⬜⬜⬜⬜ 🟩🟩🟩🟩🟩 ⬜⬜⬜⬜⬜ ⬛⬛⬛⬛⬛ ⬜🟨🟨⬜🟨 ⬛⬛⬛⬛⬛ 🟩🟩🟩🟩🟩 🟨⬜🟨🟨⬜ 🟨🟨⬜⬜⬜ ⬜⬜⬜⬜⬜ ⬜⬜🟨⬜⬜ ⬜⬜⬜🟩⬜ ⬜🟨⬜⬜⬜ ⬜⬜🟨🟨⬜ ⬜⬜⬜⬜⬜ ⬜⬜⬜⬜🟩 ⬜⬜🟩⬜🟩 ⬜🟨⬜⬜⬜ 🟨🟨⬜⬜⬜ ⬜⬜⬜⬜🟩 🟩🟩🟩🟩🟩 🟩🟩🟩🟩🟩 ⬛⬛⬛⬛⬛
  3. bernorange
    Wordle 634 3/6 🟩⬜🟩🟨⬜ 🟩🟨🟩⬜⬜ 🟩🟩🟩🟩🟩 Daily Quordle 415 7️⃣6️⃣ 4️⃣5️⃣ quordle.com ⬜⬜🟩⬜⬜ ⬜⬜⬜🟨⬜ 🟨⬜🟨⬜⬜ ⬜⬜⬜⬜🟩 ⬜⬜🟨🟨⬜ ⬜⬜🟨⬜🟨 ⬜⬜⬜🟨⬜ 🟨⬜⬜⬜⬜ 🟩⬜⬜⬜🟨 🟨⬜⬜🟩⬜ ⬜🟨⬜⬜⬜ 🟩🟩🟩🟩🟩 🟩🟩🟩🟩🟩 ⬛⬛⬛⬛⬛ 🟨🟨⬜⬜⬜ ⬜🟨🟨⬜⬜ ⬜⬜🟨⬜⬜ ⬜⬜⬜⬜⬜ ⬜🟩⬜⬜🟨 ⬜⬜🟨⬜🟨 🟩🟩🟩🟩🟩 🟨⬜⬜⬜🟨 ⬛⬛⬛⬛⬛ 🟩🟩🟩🟩🟩
  4. bernorange
    Baby brain <> adult brain
  5. bernorange
    100% of deposits would have been parked at the Fed. Depositors wouldn't lose anything unless the Fed failed.
  6. bernorange
    The Fed was really scared about the implications of this when they considered The Narrow Bank's application for a Fed Master Account.
  7. bernorange
    * necro bump * Massie is savage.
  8. bernorange
    They don't have Taco Bell in DC?
  9. bernorange
    FWIW: https://www.kitco.com/news/2023-03-13/Shorts-decimated-crypto-funds-see-record-outflows-amid-banking-concerns.html
  10. bernorange
    Wordle 633 4/6 🟩🟨⬜⬜⬜ 🟩⬜⬜⬜🟨 🟩🟩⬜🟩🟩 🟩🟩🟩🟩🟩 After the tiles flipped on guess #3, I had an, "Oh... Fuck me!" moment. Glad I didn't read this thread this morning before playing. Daily Quordle 414 4️⃣7️⃣ 5️⃣6️⃣ quordle.com ⬜⬜🟨⬜🟨 ⬜🟨⬜⬜⬜ ⬜⬜🟨⬜⬜ 🟨⬜⬜⬜⬜ ⬜🟩🟨⬜⬜ ⬜⬜🟨⬜⬜ 🟩🟩🟩🟩🟩 🟩⬜⬜⬜⬜ ⬛⬛⬛⬛⬛ 🟨⬜⬜🟨⬜ ⬛⬛⬛⬛⬛ 🟩⬜⬜⬜⬜ ⬛⬛⬛⬛⬛ 🟩🟩🟩🟩🟩 ⬜⬜⬜⬜⬜ ⬜⬜⬜⬜⬜ 🟩🟨⬜⬜⬜ ⬜⬜🟩⬜⬜ ⬜🟨🟨⬜🟨 ⬜⬜🟨⬜🟨 🟨🟨⬜⬜⬜ 🟩⬜⬜🟨⬜ 🟩🟩🟩🟩🟩 ⬜🟨⬜🟨⬜ ⬛⬛⬛⬛⬛ 🟩🟩🟩🟩🟩
  11. bernorange
  12. bernorange
    Read the news today that the Fed is essentially guaranteeing 100% of deposits at all banks and it reminded me of The Narrow Bank's quest to get a Master Account at the Fed. Read back to post #50 https://www.surlyhorns.com/board/topic/7236-our-monetary-system-is-insane/?do=findComment&comment=953704 and post #72 https://www.surlyhorns.com/board/topic/7236-our-monetary-system-is-insane/?do=findComment&comment=1249796 or you can find more details here: https://www.pmbug.com/threads/narrow-banking.3846/ It seems like the entire banking system is now a narrow bank but with added risk opportunities for the banks.
  13. bernorange
    Related to my previous post (emphasis is mine): https://www.cnbc.com/2023/03/13/signature-bank-third-biggest-bank-failure-in-us-history.html
  14. bernorange
    The Fed never approved The Narrow Bank's application for a Master Account, but with their new guarantee for all depositors at all banks, it's like all banks are now narrow banks - but with exciting risk opportunities for the banks!
  15. bernorange
    Bold emphasis is mine: https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312b.htm The Fed has essentially announced that they are going to backstop 100% of depositors across the entire banking system. This is how fragile the banking confidence game has become. If this ever gets tested by a loss of confidence broad based banks run, it's going to require the Fed to conduct massive (digital) money printing.
  16. bernorange
    Wordle 632 4/6 ⬜🟩🟨⬜⬜ ⬜🟩⬜⬜🟩 ⬜🟩🟩🟩🟩 🟩🟩🟩🟩🟩 I got lucky with guess #3. There were a lot of possible words to choose from. Daily Quordle 413 7️⃣6️⃣ 4️⃣5️⃣ quordle.com ⬜🟨⬜⬜⬜ ⬜⬜⬜⬜⬜ 🟩🟩⬜⬜⬜ ⬜⬜🟨🟨⬜ ⬜⬜⬜⬜⬜ ⬜🟩⬜⬜⬜ ⬜⬜🟩⬜⬜ ⬜⬜⬜⬜⬜ ⬜⬜🟩⬜⬜ ⬜⬜⬜⬜⬜ ⬜⬜⬜⬜⬜ 🟩🟩🟩🟩🟩 🟩🟩🟩🟩🟩 ⬛⬛⬛⬛⬛ ⬜🟩⬜⬜⬜ 🟨🟨⬜⬜⬜ ⬜⬜⬜⬜🟨 ⬜⬜⬜⬜⬜ 🟩⬜⬜⬜⬜ ⬜⬜⬜🟨🟨 🟩🟩🟩🟩🟩 ⬜⬜🟩⬜⬜ ⬛⬛⬛⬛⬛ 🟩🟩🟩🟩🟩 Quordle seemed tricky today, but I managed.
  17. bernorange
    The episode felt slightly rushed to me. I remember when I played the game that the reveal on the surgery meaning Ellie had to die was a gut punch and Joel struggled with the issue a little bit before going full Denzel. Ellie's reaction in the show felt about right. My memory might not be super accurate as it was many years ago though. I remember in the game navigating that hospital in Denzel mode was a PITA. Woe to you if you wasted and ran out of ammo. Show Joel made it look easy.
  18. bernorange
    Crypto took a hit with Sivergate, but it looks like the crypto market isn't panicking on SVB/Circle/USDC news.
  19. bernorange
    Eyes wide open: https://nypost.com/2023/03/11/why-the-us-dollar-has-become-an-at-risk-currency/
  20. bernorange
    Not sure how that chart was calculated, but this report paints a different picture: https://www.marketwatch.com/story/20-banks-that-are-sitting-on-huge-potential-securities-lossesas-was-svb-c4bbcafa?siteid=msnheadlines
  21. bernorange
    Now that people are waking up to the reality of risk in the banking system, we're facing a version of the Prisoners Dilema. Folks will act or not according to their own self interest and risk levels. FDIC limits are too low for businesses that need to carry millions in cash. SVB carries real lessons for risk mgmt and govco response will likely inform decision making.
  22. bernorange
    Breaking News: Social media post triggers San Andreas fault line causing half of California to fall into the sea. The Oscars have been cancelled.
  23. bernorange
  24. bernorange
    I didn't say that it was. The SVB failure is directly related to the Fed raising rates and is an example of "something breaking".
  25. bernorange
    SVB et al: https://www.surlyhorns.com/board/topic/4200-tin-foil-hats-and-the-total-perspective-vortex-redux/?do=findComment&comment=5100309

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