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Post by Swampy on Mar 11, 2023 23:42:57 GMT -5
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Post by Swampy on Mar 11, 2023 23:44:58 GMT -5
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Post by Sir John on Mar 11, 2023 23:55:40 GMT -5
One comment first, the FDIC has total assets that amount to about 2% of the total deposit liability that it MAY be called upon to cover.
Guess who will make up the difference.
And where I will be looking for a better picture is WALL STREET! If that explodes and is followed by a few days of worse to come then I will start digging. Not really, but this may or may not be that long predicted "Black Swan". My guess is that Wall Street is over valued by about 15,000 points.
SJ
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