10 depositors had $13.3B in SVB, that's why the FDIC bailed them out.
(Spoiler alert: They were Chinese accounts)
This wasn't about systemic risk, it was about bailing out the billionaires who were caught.
Each time I notice that a setup that I like gets crowded, I double check & try to hop on a new setup.
Crowded trades are the worst trades. If many gurus shill the same project, that's actually a red flag for me. Not because their intentions are bad, but because it's too late.
A final XRP/FLR claim ratio for the Spark token distribution.
If everything goes as planned you should expect 15% of your FLR tokens to receive this Sept 2022
$FLR $SGB
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Important earnings reports out this week. IMO we see some downside.
Big Corps with debt (most have substantial) are going to be paying more intrest, higher commodity prices and wages. Yes consumers are spending, but not at a rate to cover these costs.
Corp recession imminent ⚠️
Downtrend is weakening.
The legs down are getting shorter and with less drop percentage, and the bounces are weaker and shorter. Based on this and some other time extensions, bottom is very close timewise.
People with $50,000 in the bank wouldn't go out and buy a $50,000 car but people with $1000 in the bank go out and get $50,000 cars on finance.
There's your problem.
Dr. Malone - inventor of the mRNA tech that was used by Pfizer and Moderna to develop their covid injections:
"The more DOSES you receive..., the HIGHER your RISK for INFECTIONS, DISEASE and DEATH compared to the unvaccinated."