Jim Cramer advising Mad Money viewers that "Bear Stearns is fine," in Spring 2008
Six days later Bear Stearns fell -90% and was bailed out at $2 per share
1/21. One thing physical newspapers give you that their online versions don't is serendipity. You have the potential to stumble, purely by chance, across an article so profound that it can move you to tears.
Thinking more on this subject of commodities, as the RUB soars and Asia/EU currencies swandive. The US pulled off a bigger rug pull last month than any crypto scammer could ever dream of. And it took a clownshow Biden administration to reveal the Emperor has no Clothes.
@Convertbond When was that last time the FED carried $9T on its balance sheet?
$9T pumped into the economy and all they could come up with was -1.4% GDP.
But that's ok cuz they pumped stocks, corporate debt and home prices to astronomical highs.
It should all work out just fine.🤣
@josephwang Hey Josh, do you have any more resources on how the Fed interest rates influence other reserve banks around the world? You briefly touch on it in Central Banking 101 when discussing FX-swaps & FX hedging costs. Many thanks
Most people are unsympathetic to the effects of China’s ridiculous Zero-Covid policy on the general population
But what about the cats?
https://t.co/DlX6YmNJGl
1/8
Jeff's comments are spot on and deserve expansion in a 🧵
It is part of a disturbing trend over the last few months of financial institutions and Govts "just taking" (stealing) other people's money in broad daylight.
@CliffordAsness@jdorman81
https://t.co/YWDsLpZNiJ
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