Silicon Valley Bank Collapse "Second-Biggest" in U.S. History

Now rich people who can keep money in fixed term deposit can earn lots of interest.
They become richer.
Poor people have to pay more interest to their mortgage loans and become poorer.
 
Saint said:
Now rich people who can keep money in fixed term deposit can earn lots of interest.
They become richer.
Poor people have to pay more interest to their mortgage loans and become poorer.
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So what?
Poor people who keep money in fixed term deposit can earn interest and rich people who have mortgage loans may pay more in interest. Anyone with a fixed mortgage will be the same.
 
Seattle said:
If you move to a large city that already has plenty of plumbing businesses it's a problem as well so don't do that.
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Agreed. But if you are already living there (in, say, a crappy apartment with 3 other people) starting a plumbing business there may be your only way to make that happen.
Most people who can't afford a house in a large city would be better off to not be in a large city. If it takes central planning or "affordable housing" for you to exist, you're probably in the wrong place.
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Sure. And those same people would probably be better off in another country. And you can push that as well if you like.

For every complex problem there is a solution that is simple, obvious - and wrong.
 
billvon said:
Agreed. But if you are already living there (in, say, a crappy apartment with 3 other people) starting a plumbing business there may be your only way to make that happen.

Sure. And those same people would probably be better off in another country. And you can push that as well if you like.

For every complex problem there is a solution that is simple, obvious - and wrong.
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You can also grasp at straws and make any hypothetical situation impossible to solve.
 
Poor people have no money to keep in fixed term deposit, small amount of money won't earn significant interest.
Rich people will become richer.
 
Saint said:
Poor people have no money to keep in fixed term deposit, small amount of money won't earn significant interest.
Rich people will become richer.
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The principle and proportion are still the same.

Of course rich people will become richer. An average person will make money. Poor people are poor. What doesn't that has to do with anything though?
 
Fed increased rate hurt small businesses and normal low income people, APEC+ reduce output caused oil price to go up, how can FED bring down inflation?
 
Saint said:
Fed increased rate hurt small businesses and normal low income people, APEC+ reduce output caused oil price to go up, how can FED bring down inflation?
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They don't have that many tools so it's likely to be further rate hikes. Before the OPEC reduction if was starting to look like a pause in rate hikes was likely. That's less so the case now.
 
Seattle said:
They don't have that many tools so it's likely to be further rate hikes. Before the OPEC reduction if was starting to look like a pause in rate hikes was likely. That's less so the case now.
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We do need to consider finding a better model.
 
It has been estimated that the FED's rate hikes will cost over one million jobs.

(Thoughts of riding with a driver that stomps the gas, then stomps the brakes---then the gas then the brakes---repeat)
 
More and more countries will trade without using US Dollar.
US dollar will lose its dominance soon.
 
Saint said:
More and more countries will trade without using US Dollar.
US dollar will lose its dominance soon.
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That is what American has become actually. We don't live within our means, the system breaks, the government creates a "program" to hand out money in one way or the other to fix the most immediate problem while never fixing the problem.

School loans are too high, then just forgive them, you've screwed up banking with conflicting regulations, bail out the banks, unions screwed up the auto industry then bailout the auto industry.

We're past the point of being able to pay our debt. There isn't enough money in the world. All that is left is to continue deflating the currency until we get hyperinflation. It sounds crazy but that's the path that we are on and it's the only way that it can go.

No one is "special". "You" don't deserve a "living wage". You get what you deserve. If you can't live on it, worker harder or smarter. Preferably smarter.

If you aren't making enough money as a "life coach", sell life insurance. It sucks but you will be able to support yourself and soon you will figure out how to do something that society values that doesn't suck as much.

That's the way of the world before all the systemic distortions. Or just go for central planning, equality, and stand in line for bread.
 
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