Monday, May 15, 2023

here is what the former CEO of SVB says ... in The Mercury News

 " The fastest pace of rate hikes by the Federal Reserves in decades combined with negative social media sentiment contributed to the failure of SVB's failure ... " 

& I say, hey chief, first take some accountability that you are a plain idiot, as rest of the bank CEOs (a few thousands or so) could see it coming & didn't issue low rate mortgages to their friends ... & second, IF you didn't know or do something when Feds were raising the rates throughout last year, you should only be paid minimum wage & not suited for being the CEO of a bank ... which you are right now ..!

Friday, May 5, 2023

Apr NFP 253K, far more than expected by experts ...

 but Jan and Feb were revised much lower than reported previously

unempl 3.4% is one of the lowest

BRK invests additional $10B in GooG stock ...

And GooG issues new stock to generate $80B to invest in AI buildup ..  now that's smart .. but who's?