@jimcramer Now there’s a run on all the other startup $$$ in SIVB. Surprise there. Who ever heard of 1 bank that holds all the $$$ for risky ventures. That’s insane!!!
@jimcramer Raise rates too high too quick and VCs start using their own $$$ again. This isn’t rocket science. SIVB bought too many Treasuries with brand new deposits. Now the VCs want it back because its cheaper than loans, and SIVB has to cash out their securities before maturity. At loss.
@MomAngtrades Majority spending was from large companies using cheap loans to make expansive investments with explosive ROIs. Rate hikes help the little guy: retirees w/interest income, inflation decreasing, dollar strengthening, and savings encouragement. (The gov could spend less though).
Delta Airlines bleeding red in Q4 2022, but 2022 profits soar to $2.6 billion! As airlines cut costs and hike fares, are they taking us for a ride? #airlineprofits#COVID19#DeltaAirlines