Time4Pizza

Live streaming my trading activity daily with up-to-the-second account totals.

[Time4Pizza @Time4Pizza]

Freshest take on today’s market https://t.co/f8XCmJOeGB

[Time4Pizza @Time4Pizza]

https://t.co/f8XCmJOeGB

[Time4Pizza @Time4Pizza]

What would be worse honestly… that Western Alliance is looking for a buyer… or that they aren’t looking for a buyer considering their business model is dead

[Time4Pizza @Time4Pizza]

Western Alliance says reporting by the Financial Times this morning that it is looking for a buyer is “categorically false”!

… at least until this coming Tuesday when it will announce that it is looking for a buyer.

[Time4Pizza @Time4Pizza]

@elerianm @UBS @firstrepublic Spot on. And how do you think whack a mole ends?

[Time4Pizza @Time4Pizza]

Time to GTFO out of markets until something more concrete occurs. Something could (and will) break at any moment, causing a crash. On the other hand, God only knows how many billions in liquidity are being injected daily right now

This ends BADLY, but timing it isn’t easy

[Time4Pizza @Time4Pizza]

@zerohedge OUCH

[Time4Pizza @Time4Pizza]

What’s going to happen on Wednesday, if they don’t end up CUTTING rates, is they will be left unchanged

The banking crisis is being caused by a mismatch in interest rates. The Fed isn’t going to exacerbate that when rates where they are are doing the job

[Time4Pizza @Time4Pizza]

Odds are currently at 75% for a 25bps hike

What are those bettors smoking?? If the Fed bumps rates at all and doesn’t leave them unchanged on Wed it will cause an absolute panic. Panic. Period.

Banks are collapsing. The Fed is not gonna raise rates

[Time4Pizza @Time4Pizza]

@imnblue @elerianm How about all the 3% mortgages and business loans handed out when rates were at zero and money was being dumped into the economy? They are the exact same thing as those bonds, except riskier

All the debt created during the boom is now losing money in real terms and toxic

[Time4Pizza @Time4Pizza]

@JubCapital First, they always say that. There’s never been a bank that’s gone under that hasn’t said everything is fine

Second, CS has assets over a trillion dollars. The Swiss NATIONAL GDP is $800B. Any guarantees by Swiss authorities to make investors whole is immediately suspect

[Time4Pizza @Time4Pizza]

Thanks Joe!! For zero explanation about why this happened

[Time4Pizza @Time4Pizza]

I do love how people are sticking to the story that repricing US treasuries are what caused these bank failures…

Btw, treasuries are literally the definition of Risk Free investments

This was not caused by repricing treasuries. See: stablecoins

[Time4Pizza @Time4Pizza]

There’s a toxic coin out there right now, perhaps more than one. We all knew this day would come. Bitcoin has its place, and maybe a couple of others, but crypto sector is mostly bullshit coins

This is crypto issue people. Buy your puts tomorrow accordingly

[Time4Pizza @Time4Pizza]

Alright, I know everyone is still hung up on the bailout, and rightfully so. It’s bullshit. But let’s start thinking about to make some money…

This looks less and less like a VC/banking issue, and more and more like a crypto issue… (thread)

[Time4Pizza @Time4Pizza]

The three biggest crypto banks just got shut down in one week. People blamed treasuries for SBV, which was always odd. Frankly it was odd that tech was where a panic was beginning… but it’s not so odd to think crypto might be where the dam begins to break…

[Time4Pizza @Time4Pizza]

@KenzieSigalos But seriously, when the three largest crypto banks fail or are shut down in the space of a week… and one of them blames it on treasuries…

This is common sense folks. These banks were holding a very very toxic asset. And crypto coin is the only logical conclusion

[Time4Pizza @Time4Pizza]

@KenzieSigalos Morons?

[Time4Pizza @Time4Pizza]

Something that lost 100% of its value, not a few bps like treasuries

[Time4Pizza @Time4Pizza]

If this was about repricing treasuries SVB would have found a buyer, if they ever would have been in trouble in the first place. And you don’t preemptively kill another regional bank because they lost 5% on their treasuries

These banks were holding something much worse