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Post by jeepers on Mar 13, 2023 20:58:27 GMT
Feels like we’re going to need this soon.
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Post by PatrickEwing on Mar 13, 2023 21:25:48 GMT
Yup, It’s all pretty low down on the news list too.
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Reviewer
Junior Member
Posts: 4,444
Member is Online
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Post by Reviewer on Mar 13, 2023 21:36:04 GMT
I want to know Gary Lineker’s views before I decide whether to worry.
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cubby
Full Member
doesn't get subtext
Posts: 6,355
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Post by cubby on Mar 13, 2023 21:46:02 GMT
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geefe
Full Member
Short for Zangief
Posts: 8,323
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Post by geefe on Mar 13, 2023 22:16:13 GMT
Eurgh. Don't.
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Post by freddiemercurystwin on Mar 13, 2023 22:36:23 GMT
FFS guys I come here to get away from this shit, I think there's plenty here who relish bad news.
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malek86
Junior Member
Pomegranate Deseeder
Posts: 3,247
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Post by malek86 on Mar 13, 2023 22:36:57 GMT
I think it's might be the global civilisation crash of 2023, wherever I turn it's just bad news all around.
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ekz
New Member
O_o
Posts: 695
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Post by ekz on Mar 13, 2023 23:25:14 GMT
$16 for a pint of beer. The end is truly nigh.
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Mar 13, 2023 23:59:26 GMT
Maybe from the madness something beautiful will grow.
Nah.
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Post by Bill in the rain on Mar 14, 2023 7:06:23 GMT
Lots of nice people won oscars which was nice and happy news. Let's focus on that.  |
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dogbot
Full Member
Posts: 8,738
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Post by dogbot on Mar 14, 2023 7:08:10 GMT
And spring is just around the corner.
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sport✅
Junior Member
notice me senpai
I want to claim my tits
Posts: 2,314
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Post by sport✅ on Mar 14, 2023 7:21:48 GMT
For you this was a global financial crisis, for me it was Tuesday.
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aubergine
Junior Member
I must get over myself
Posts: 2,181
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Post by aubergine on Mar 14, 2023 7:39:57 GMT
Maybe from the madness something beautiful will grow. Nah. I saw he’d spent a week digging a hole for himself. I could have dug that much in a single tweet, and started to sense the gulf between his dreams, and his powers. |
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mcmonkeyplc
Junior Member
General Martok Qapla!
Posts: 3,080
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Post by mcmonkeyplc on Mar 14, 2023 9:36:26 GMT
This might be famous last words, but this is pretty much a tech industry problem, not an economy wide issue.
Bank focused on tech industry does stupid things, tech industry it serves suffers.
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dogbot
Full Member
Posts: 8,738
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Post by dogbot on Mar 14, 2023 9:46:09 GMT
This might be famous last words, but this is pretty much a tech industry problem, not an economy wide issue. Bank focused on tech industry does stupid things, tech industry it serves suffers. You don't think there's a knock on effect? Everything is linked together these days. Bank shares globally have tumbled since SVB happened. Not just tech banks, either. Santander and Commerzbank were both affected, for example. Those are both significant universal banks. |
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MolarAm🔵
Full Member
Bad at games
Posts: 6,839
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Post by MolarAm🔵 on Mar 14, 2023 9:50:53 GMT
This may be controversial, but I think we're all going to be basically fine.
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zagibu
Junior Member
Posts: 1,946
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Post by zagibu on Mar 14, 2023 9:51:04 GMT
Don't worry about the banks! They will have a glorious time once the war in Ukraine is over and they can profiteer off the reconstruction processes there.
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Post by drhickman1983 on Mar 14, 2023 9:56:53 GMT
It's almost like the current system is totally unfit and brittle and any external pressure can cause it to collapse.
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dogbot
Full Member
Posts: 8,738
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Post by dogbot on Mar 14, 2023 9:58:40 GMT
Don't worry about the banks! They will have a glorious time once the war in Ukraine is over and they can profiteer off the reconstruction processes there. Yeah, something tells me they'll be fine. This is all cyclical anyway. |
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mcmonkeyplc
Junior Member
General Martok Qapla!
Posts: 3,080
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Post by mcmonkeyplc on Mar 14, 2023 10:02:18 GMT
This might be famous last words, but this is pretty much a tech industry problem, not an economy wide issue. Bank focused on tech industry does stupid things, tech industry it serves suffers. You don't think there's a knock on effect? Everything is linked together these days. Bank shares globally have tumbled since SVB happened. Not just tech banks, either. Santander and Commerzbank were both affected, for example. Those are both significant universal banks. There will be a knock on effect but not massively. Banks have had to hold a shitload of capital preciously to stop 2008 happening. Small banks that are over exposed to SVB or clients of SVB will be effected yes, the large banks no. Unless everyone behaves like Manchester United against Liverpool in the second half, in which case we're all fucked again.  |
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robthehermit
Junior Member
Subjectively amusing
Posts: 2,462
Member is Online
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Post by robthehermit on Mar 14, 2023 10:13:27 GMT
And spring is just around the corner.  |
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aubergine
Junior Member
I must get over myself
Posts: 2,181
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Post by aubergine on Mar 14, 2023 11:18:30 GMT
This might be famous last words, but this is pretty much a tech industry problem, not an economy wide issue. Bank focused on tech industry does stupid things, tech industry it serves suffers. You don't think there's a knock on effect? Everything is linked together these days. Bank shares globally have tumbled since SVB happened. Not just tech banks, either. Santander and Commerzbank were both affected, for example. Those are both significant universal banks. Yeah, but the stock market is just herds of hungry ducks running away, then towards, then away from things. Yesterday bank fall down, today bank scary, tomorrow hungry ducks buy up cheaper bank shares, ducks all run at banks again. |
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Post by Nanocrystal on Mar 14, 2023 11:24:03 GMT
Maybe from the madness something beautiful will grow. Nah. I saw he’d spent a week digging a hole for himself. I could have dug that much in a single tweet, and started to sense the gulf between his dreams, and his powers. Not poems and rubbish. Science! |
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malek86
Junior Member
Pomegranate Deseeder
Posts: 3,247
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Post by malek86 on Mar 14, 2023 11:26:43 GMT
Maybe from the madness something beautiful will grow. Nah. Yet staring across this barren wasteland, I feel new life will be born beneath the bloodstained saaaaaaand. |
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aubergine
Junior Member
I must get over myself
Posts: 2,181
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Post by aubergine on Mar 14, 2023 11:32:31 GMT
Fuckin’ love The Artilleryman. Such a good metaphor for guys who talk a big game, and a catchy song to sing at them to confuse them.
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dogbot
Full Member
Posts: 8,738
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Post by dogbot on Mar 14, 2023 11:49:50 GMT
You don't think there's a knock on effect? Everything is linked together these days. Bank shares globally have tumbled since SVB happened. Not just tech banks, either. Santander and Commerzbank were both affected, for example. Those are both significant universal banks. Yeah, but the stock market is just herds of hungry ducks running away, then towards, then away from things. Yesterday bank fall down, today bank scary, tomorrow hungry ducks buy up cheaper bank shares, ducks all run at banks again. No argument there; however, it's still not "just a tech industry problem". Any effects from [thread title] will be seen far more widely. |
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zephro
Junior Member
Posts: 2,988
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Post by zephro on Mar 14, 2023 18:52:38 GMT
Like there's a general credit tightening going on which is what caught SVB off guard, but the UK one doesn't seem to have been a massive deal as we've still got more rules in place than what Trump burned.
You never know but it doesn't seem like it's going to infect everything. Other than just being a part of the recession that's already sort of coming/going. The tech sector has been haemorrhaging money, staff and valuation for a bit now. So the interest rates going up was going to have a knock on effect with all that anyhow.
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askew
Full Member
Posts: 6,795
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Post by askew on Mar 15, 2023 19:40:32 GMT
/me waves at Credit Suisse
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dogbot
Full Member
Posts: 8,738
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Post by dogbot on Mar 15, 2023 19:44:47 GMT
It strikes me that "we found material weakness in our accounting controls" is another way of saying "we've been cooking the books".
Not that anyone will remotely be held to account, of course.
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zephro
Junior Member
Posts: 2,988
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Post by zephro on Mar 15, 2023 19:50:43 GMT
Haven't Credit Suisse be in problems for years? Bypassing sanctions, banking for Oligarchs, fines for banking for the Mafia etc?
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