Dad_Is_Mad
Dad_Is_Mad t1_j6a4956 wrote
Reply to Found some old Reddit threads from 15 years ago talking about the 07-08 recession by Fantastic_Bar3109
I was a Junior Broker starting in 2007. It really wasn't that bad. I became a full-time Broker in April of 2008. Still really wasn't that bad. The market sucked, but every corporation had +6.00% paper out there to buy, so again wasn't too bad.
The real pain didnt start until October of '08 on till March of '09. I made $386 in 6 weeks. Yeah, it fucking sucked. I could've given away stocks for free and couldn't get anyone to buy. And no one would touch the anyone's paper after Lehman failed and most of the other banks/brokerages had to sell for pennies on the dollar.
This is why I laughed my ass off at all the Crypto Bros yelling at people for having cash. This won't end until people start liquidating assets and selling them for a loss. Whether it's homes, stocks, whatever. Money isn't made during shit like this, it just simply changes hands.
Dad_Is_Mad t1_jdxsp1b wrote
Reply to The economy in 2023 for dummies by Temperature_Foreign
This is an exceptional word salad to get your entire point incorrect. The Fed has absolutely zero control over bond rates that are issued by any corporations ...including banks.
The market sets long-term bond rates via supply and demand and whether they believe inflation will increase or decrease.
IF....the market believes the Fed has set rates too low, inflation expectations go up, and bond rates go up (yield curve steepens). If the market believes the Fed has set rates too high (like the market believes right now) then the expectation for future inflation goes down, and long term bond rates go down and the yield curve flattens or inverts.So basically, your entire fucking essay you wrote is entirely full of regarded bullshit and you should just keep trading 0dte's and leave the analysis to the big boys.
I'll guarantee you two things. One, the market will do whatever it wants. And two, you'll never be on the short-list to replace Jamie Dimon.