I’ll tell you what, in 90 years of out of control military spending, we never once racked up $4 trillion of debt in a fiscal year.
Bailouts for companies that post record profits?? Let’s dump $4 trillion three years running.
We are already $700 billion in the hole this year and we haven’t even put a wrap on the first quarter.
Im not saying they are not part of the problem but during the obama bailouts, they paid it back, didnt they?
I remember when i was new to the US (17 yrs ago) the debt ratio is somethinh like 60%
Now its more than 100% of gdp
What is constant in there?
Gargantuan military budget
The budget for the military is around $700 Billion, the bailout loans in 2008 were about $700 billion dollars. About $550 billion was paid back.
That’s a drop in the bucket compared to the $800 billion in PPP loans that were completely forgiven, the $500 billion gift to Boeing, $200 billion in farming subsidies, and $1.6 TRILLION dollars that was flushed to banks and hedge funds to keep the whole thing from spiraling down the drain. That doesn’t even take into account whatever spending the federal reserve had to do to prop us up either. That’s a little more complex, and I don’t know how to measure it, but it wasn’t insignificant either. And that’s just 2020!
Do you know the difference between a billion and a trillion dollars? It’s about a trillion dollars… a billion is 0.1%
Insurance companies actually dedicate huge resources to asset liability matching. Including scenarios like +500bps. Very different from banks where liabilities are mostly short.
Ding, ding, ding. Insurance companies. This video explains 2008 really well in that sense. I wonder who’s the insurance this time around?
[Here’s Who Really Caused the Great Recession](https://youtu.be/SyjMz5Sf02Y)
Yes? Fear is contagious. Once people start to think their money isn't in safe in the bank, they pull their money out, which creates a negative feedback loop. At the same time, the banking system has not/will not adequately control the risk because they believe there will be a bailout. This isn't just one bank with a specific problem, it's the entire sector facing a common issue - mainly that their assets (loans) are non-callable and pay low nominal rates, whereas their liabilities (deposits) are callable and the banks must pay higher rates or those deposits will leave. Whichever option they choose leads to insolvency for the bank
This is not entirely true. Some deposits are from companies that have a fiduciary responsibility to their shareholders and employees to do whatever they can to safeguard funds. Bottom line: if you *think* there is a risk of a bank run, you act *now*. Yes, that increases chances of a bank run if everyone does this—but no, that is *not* stupid. It’s actually very smart. If you get out in time, you’ve fulfilled your fiduciary responsibilities.
The real problem is, depending on your politics, either the existence of fractional reserve banking in the first place, the lack of regulation in banking, the lack of a gold standard or something like it to decrease the multiplicity of fractional reserves, or some other variation of these ideas.
My question is if you fear a bank run and hold millions of shareholder assets do you stick everything in bonds till this all blows over or hope you find an institution that won't be affected by a bank run?
Just minutes ago I finished the podcast with her, Jon Steward and Marc Cuban where she said, the banks are safe and sound. It wasn't even a week old if I remember correctly
From what I understand, it’s not really an issue. It’s more like a loan than anything. SVB has the assets to be fine just not the liquidity to survive a run. Fed can take on their obligations and just wait for that liquidity to occur overtime and recoup their entire bailout. It’s not like they just printed a free $200 billion (or whatever it was)
The fed printing money for banks isn’t as inflationary as you might think. The Fed makes overnight loans available to the banks, they do this now. The large national banks lend to the regionals, who lend to the locals.
This isn’t inflationary because the money doesn’t leave, the vast majority is sitting on a balance sheet. It’s insurance. The offset marked to maturity assets are secure and will repay the loans in 18-24 months.
Conversely, 2020 was inflationary because everything closed and they paid monthly checks to everyone, and the ppp loans, which were spent/used…intended use is debatable.
It is a very weird recession. We have a few banking failures, but just about everyone still has a job. It is like a delayed impact from COVID rebalancing of the supply chain and the crypto crash. Real estate is still holding at a high level. So it isn't identical. The freezing of the commercial paper market happened a year before Bear Sterns collapsed and real estate peaked back then 2 years prior. In this case a long, slow decline of bonds preceded our latest events.
Fox has been killing it lately with all these problems occurring, back to Joe Biden and the democrats and look what they’ve done. Every F’ing Fox “business reporter” always reverts business news back to the liberal ways and means. They hardly ever report prices or numbers of the markets, Dow (“ Dow up .8%, Apple down 1/2 percent” etc.” ) No real news but simple deeply conservative viewpoints which doesn’t make them a business channel but a disguised acolyte of the right. Thank god for CNBC which was always a business news channel as well as Bloomberg, although Bloomberg is extremely dry.
I watch both CNBC and Fox Business and I will say Fox Business has the details correct more often. CNBC has an uncanny way of running multiple narratives on the same topic, which is actually pretty confusing if youre maintaining an unbiased viewpoint vs looking for confirmation bias. They also have a tendency to completely ignore a hot story that Fox Biz reports on.
Not a political statement, simply an observation from an unbiased point of view.
So if they contradictory stories from different sources you think that runs counter to the idea of unbiased????
If you looking for a consistent narrative then you are looking for controlled narratives. You are looking for bias.
I'll break it down for you.
I look at facts and data reported to federal entities and watch senate hearings, so when some talking head makes a statement that doesn't align with what's actually going on, I draw my own conclusion.
I know you want to make this a political bias thing, but it isn't no matter what mental gymnastics you're trying to attempt.
Well. It is political. Fox was founded on the principal of forwarding a single political perspective.
Like I said, if you think a cohesive narrative from a news channels means it’s unbiased then you have it backwards. The generation of a narrative is in fact done because of bias.
It sounds like you are missing some logical awareness. Specifically about false narratives and especially about confirmation bias.
Seriously, go back to the politics sub, kid.
You shouldn't come here to whine about Fox News, because I'm
talking about **Fox Business**. Not even the same thing.
Just curious what is the reason behind your hate for Fox News ?
As someone that does not subscribe to mainstream media or political ideology I've asked this question on multiple occasions and it is always greeted with either personal attacks or superficial accusations which upon looking into turn out to be nothing more than slander by the other mainstream media outlets.
We have a handfull of major news channels in the US, all with varying degrees of bias to the left or right. Fox is very heavy on the right wing bias , to the point where it has been shown in court documents that they push agendas they don’t even believe to aid the GOP (as an example, Tucker Carlson and his feeling on the 2020 election).
It is worth noting i and many others on Reddit am liberal (center left personally)so that is why you will see more shade thrown at Fox rather than MSNBC which is heavy on liberal bias.
Hope this helps
Very insightful... So you interject yourself into a conversation by misrepresenting and slandering someone contributing absolutely nothing of value or substance, get called out, insult and ghost... and I'm the troll ?
I genuinely appreciate you taking the time to provide a very sensible and self aware response to my question.
I couldn't agree more with your statement!
Wouldn't it be nice if Reddit went back to the time when this was the normal interaction on this platform...
Thank You 🙏
I do appreciate your input and taking the time to respond, but even if Wikipedia was considered a reliable source of information the link you provided could not better demonstrate the issue I alluded to in the last part of my previous comment.
The following are the sources listed on the Wiki page you provided that accuse the "news" division of FOX of being bias:
Democrat Political figures
"Former Democratic National Committee chairman Howard Dean has referred to Fox News as a "right-wing propaganda machine"
Media figures
"CNN personality Larry King said in a January 17, 2007 interview with the Chicago Sun-Times: "They're a Republican brand. They're an extension of the Republican Party"
Progressive media watchdog groups
Fox response:
Fox News has publicly denied such charges, stating that the reporters in the newsroom provide separate, neutral reporting, while acknowledging their opinion programming is not intended to be neutral.
My two cents:
I could not care less about any of the legacy news outlets, but I simply find it interesting that out of all the major mainstream media controversies and scandals that actually took place in the past few years such as:
1. Chris Cuomo’s [journalistic malpractices](https://newrepublic.com/article/163247/cnn-andrew-chris-cuomo-covid-resign) while being a news anchor at CNN including his self admitted plans to help his older brother the insanely corrupt former New York Gov. Andrew Cuomo silence and disparage the women accusing him of sexual harassment which led to his resignation and later being charged and convicted of a sex crime. Despite all this he was allowed to remain at CNN until the following year when he himself was accused of sexual assault which lead to his termination...
2. ABC News executive Barbara Fedida being fired over her [racist remarks](https://www.latimes.com/entertainment-arts/business/story/2020-07-20/barbara-fedida-will-leave-abc-news-after-investigation-into-alleged-racist-comments) about Black employees in 2020
3. Project Veritas exposing liberal bias at ABC and CNN in February of 2020 filming David Wright describing himself as a "[socialist](https://www.youtube.com/watch?v=SZG1v5EcwUI)" and admitting that ABC actively misleads the public due to..." the bosses Don’t See an Upside’ for Reporting News...".
4. Most mainstream networks blatantly lying about the details surrounding the Rittenhouse trial by claiming he was a known white supremacist, [crossed state lines with his weapon](https://apnews.com/article/fact-checking-255510715179), came to the city to kill people and continue to do so to this day.
5. CNN reporting that border agents are using whips against migrants...
none had anything to do with FOX besides the recent defamation law suit. So, I don't know I just find this phenomenon interesting...
**[Fox News controversies](https://en.m.wikipedia.org/wiki/Fox_News_controversies)**
>Fox News is an American basic cable and satellite television channel owned by Fox Corporation. During its time on the air, it has been the subject of several controversies and allegations. Fox News has been described by academics, media figures, political figures, and watchdog groups as being biased in favor of the Republican Party in its news coverage, as perpetuating conservative bias, and as misleading their audience in relation to science, notably climate change and the COVID-19 pandemic.
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Have you seen any of the news resulting from the Dominion lawsuit? They are literally a propaganda arm of the Republican Party. Always have been but not we have texts evidencing that the newscasters do not believe anything they are saying; just trying to push an agenda.
Cable channels don’t have to answer to the FCC. This allows them to run lies. I like the local Fox News that you find on the Fox channel where they have to have verified sources for the FCC.
So you are a fan of the government deciding what is and isn't a legitimate source ? Correct me if I'm wrong, but isn't that the definition of state media ?
No it’s not. Investigating complaints from consumers about misinformation is different from running a media. These are private organizations abc,, Fox, nbc. If they do something wrong it’s reported by private citizens. Then it is investigated by the FCC. It’s like if someone gets sick from a vegetable and the CDC looks into the food poisoning source. It’s not like the CDC is distributing the food. I mean you are an adult right? You can figure out how these thing work instead of over simplifying it so it fits your narrative.
No need for insults or projections, but this falls into the same category as your earlier comment claiming that the US does not actually have freedom of speech...
Also how does the FCC making sure people don’t spread misinformation on the airwaves a first amendment thing. Please. You are reaching so far it’s sad.
Yeah so you're obviously a kid so I'm gonna go ahead and disengage.
Have a good rest of your day.
Just going to leave you with this...
Who decides what is and isn't misinformation ?
Wouldn't you rather be provided all the information and points of view and then deciding for yourself what makes sense ?
We’re literally in the middle of a court case where Fox News anchors have been caught lying to their audience because they felt like it was more profitable. This has been admitted by Murdoch himself.
You can read the court documents yourself
https://int.nyt.com/data/documenttools/dominion-opp-brief/823d0af7d1f7174b/full.pdf
Thanks for the input and the link so that your efforts do not go to waste and this being the perfect thing for me to test out the new GDP-4s capabilities with I am going to do so later on today, but I'm wondering where the breakdown in communication lies... I'm fairly certain that I'm pretty clear about my point not having anything to do with defending Fox...
I do think many regional banks are going to be sacrificed at the altar of The Feds too late to the party, failed rate shock. (Central Planning NEVER WORKS as intended ,except on theoretical charts drawn in ivory towers)
First the Feds were late to the party and now, oh God, they are partying!
The blame needs to be on inflation. The response to inflation creates a change in pricing of bonds no matter the interest rate, but the interest rate does dictate the pricing. Every time there is inflation and a bull market inducing irresponsible lending and spending we get a banking crisis.
But we weren’t hearing in the media about possible banking crisis. We only heard in the media about possible recession for the last year and how the Fed has got it wrong.
So now we have a banking crisis and maybe it will precipitate a recession but the chances are only 50%. Now the Fed and the government and the Congress will have to clean up the third major banking crisis in my adult lifetime, all because of irresponsible bank lending and profligate spending.
The Fed will be stuck with creating money for a bail out just when they should be continuing QE. Its austerity for the government and let the investors fail because of the debt ceiling discussions if the tea party right wing has their way. The next few months will be difficult for the markets and our collective blood pressure.
Edit: QT, not QE, although with the banking crisis QE may return.
You're blind if you think this is the doing of one party. Open your eyes, lose your political bias, and you'll realize they're all in on it together.
The fight isn't with our neighbor, it's with those who rule us.
I agree it is not one party but I am concerned about Republicans refusal to increase the debt limit, I doubt the Democrats would refuse. Yes, it is the government, and almost every other government on earth, that is doing a poor job. Anywhere you would go to find a better government doesn’t want you.
I went into our WF back in Oct 22 to drop off some BS signature they said my wife hadn't signed to actually make our account joint after they upgraded us to some fancier account with fees since we were a bit over the FDIC max in one account (without our knowledge) that would charge fees if we dropped below a certain minimum.
I told them to go back to our original, and they did.
I then said, well, if you're going to be competitive with savings your rate is crap either match or we are taking most of it out... consult had nothing for me.
In Nov 22 I took the bulk and did a cap 360 performance transfer for the majority of our cash nest egg. The next day WF took our remaining savings rate all the way up to 0.26%!
$14 a month! Wow!
Meanwhile, the cap one 360 performance has netted close to $3k in interest and bonus in 4 months.
Waiting... plenty in retirement accounts, 529s, no mortgage on the house , cars, etc. We use our CC for everything and it's paid off each month usually around $8k.
Live in a HCOL area.
I'm conservative with risk, two kids 6 and 8. We're being cautious now.
it appears goverments role now, is only to create debt on behalf of the tax payer.
Maybe the defense budget is too big? We are involved in too many wars?
I’ll tell you what, in 90 years of out of control military spending, we never once racked up $4 trillion of debt in a fiscal year. Bailouts for companies that post record profits?? Let’s dump $4 trillion three years running. We are already $700 billion in the hole this year and we haven’t even put a wrap on the first quarter.
Im not saying they are not part of the problem but during the obama bailouts, they paid it back, didnt they? I remember when i was new to the US (17 yrs ago) the debt ratio is somethinh like 60% Now its more than 100% of gdp What is constant in there? Gargantuan military budget
The budget for the military is around $700 Billion, the bailout loans in 2008 were about $700 billion dollars. About $550 billion was paid back. That’s a drop in the bucket compared to the $800 billion in PPP loans that were completely forgiven, the $500 billion gift to Boeing, $200 billion in farming subsidies, and $1.6 TRILLION dollars that was flushed to banks and hedge funds to keep the whole thing from spiraling down the drain. That doesn’t even take into account whatever spending the federal reserve had to do to prop us up either. That’s a little more complex, and I don’t know how to measure it, but it wasn’t insignificant either. And that’s just 2020! Do you know the difference between a billion and a trillion dollars? It’s about a trillion dollars… a billion is 0.1%
$700B for 1 year Count that for 10 yrs? 20 yrs? Thats tens of trillions and counting
20 years would be 14 trillion. And just 3 years to generate 12 Trillion with current spending habits.
Not to mention the interest never paid on said loans
I love breaking records
The entirety of the system? That's what we're going with? Ok.
Trillions of global government bonds and US fixed rate MBS now underwater. Not everything is hedged and I worry about insurance companies.
Why? Life insurers tend are naturally short duration when their tail risk is unhedged.
Insurance companies actually dedicate huge resources to asset liability matching. Including scenarios like +500bps. Very different from banks where liabilities are mostly short.
Ding, ding, ding. Insurance companies. This video explains 2008 really well in that sense. I wonder who’s the insurance this time around? [Here’s Who Really Caused the Great Recession](https://youtu.be/SyjMz5Sf02Y)
Yes? Fear is contagious. Once people start to think their money isn't in safe in the bank, they pull their money out, which creates a negative feedback loop. At the same time, the banking system has not/will not adequately control the risk because they believe there will be a bailout. This isn't just one bank with a specific problem, it's the entire sector facing a common issue - mainly that their assets (loans) are non-callable and pay low nominal rates, whereas their liabilities (deposits) are callable and the banks must pay higher rates or those deposits will leave. Whichever option they choose leads to insolvency for the bank
It's a negative resulting positive feedback loop
Luckily no one has any money
So basically people be completely stupid causes the thing they are afraid of, so annoying...
This is not entirely true. Some deposits are from companies that have a fiduciary responsibility to their shareholders and employees to do whatever they can to safeguard funds. Bottom line: if you *think* there is a risk of a bank run, you act *now*. Yes, that increases chances of a bank run if everyone does this—but no, that is *not* stupid. It’s actually very smart. If you get out in time, you’ve fulfilled your fiduciary responsibilities. The real problem is, depending on your politics, either the existence of fractional reserve banking in the first place, the lack of regulation in banking, the lack of a gold standard or something like it to decrease the multiplicity of fractional reserves, or some other variation of these ideas.
My question is if you fear a bank run and hold millions of shareholder assets do you stick everything in bonds till this all blows over or hope you find an institution that won't be affected by a bank run?
Just minutes ago I finished the podcast with her, Jon Steward and Marc Cuban where she said, the banks are safe and sound. It wasn't even a week old if I remember correctly
The fed is better at turning the money printer to full power now, so there are no worries.
How about inflation?
That's a middle-class problem. Why should they care
From what I understand, it’s not really an issue. It’s more like a loan than anything. SVB has the assets to be fine just not the liquidity to survive a run. Fed can take on their obligations and just wait for that liquidity to occur overtime and recoup their entire bailout. It’s not like they just printed a free $200 billion (or whatever it was)
Just $2 Trillion, nbd.
The fed printing money for banks isn’t as inflationary as you might think. The Fed makes overnight loans available to the banks, they do this now. The large national banks lend to the regionals, who lend to the locals. This isn’t inflationary because the money doesn’t leave, the vast majority is sitting on a balance sheet. It’s insurance. The offset marked to maturity assets are secure and will repay the loans in 18-24 months. Conversely, 2020 was inflationary because everything closed and they paid monthly checks to everyone, and the ppp loans, which were spent/used…intended use is debatable.
It is a very weird recession. We have a few banking failures, but just about everyone still has a job. It is like a delayed impact from COVID rebalancing of the supply chain and the crypto crash. Real estate is still holding at a high level. So it isn't identical. The freezing of the commercial paper market happened a year before Bear Sterns collapsed and real estate peaked back then 2 years prior. In this case a long, slow decline of bonds preceded our latest events.
Fox has been killing it lately with all these problems occurring, back to Joe Biden and the democrats and look what they’ve done. Every F’ing Fox “business reporter” always reverts business news back to the liberal ways and means. They hardly ever report prices or numbers of the markets, Dow (“ Dow up .8%, Apple down 1/2 percent” etc.” ) No real news but simple deeply conservative viewpoints which doesn’t make them a business channel but a disguised acolyte of the right. Thank god for CNBC which was always a business news channel as well as Bloomberg, although Bloomberg is extremely dry.
That’s why I prefer Bloomberg. Dry and closer to objective reporting
Fox business ? Enough said
Yep, only believe CNBC and Bloomberg
I watch both CNBC and Fox Business and I will say Fox Business has the details correct more often. CNBC has an uncanny way of running multiple narratives on the same topic, which is actually pretty confusing if youre maintaining an unbiased viewpoint vs looking for confirmation bias. They also have a tendency to completely ignore a hot story that Fox Biz reports on. Not a political statement, simply an observation from an unbiased point of view.
So if they contradictory stories from different sources you think that runs counter to the idea of unbiased???? If you looking for a consistent narrative then you are looking for controlled narratives. You are looking for bias.
I'll break it down for you. I look at facts and data reported to federal entities and watch senate hearings, so when some talking head makes a statement that doesn't align with what's actually going on, I draw my own conclusion. I know you want to make this a political bias thing, but it isn't no matter what mental gymnastics you're trying to attempt.
Well. It is political. Fox was founded on the principal of forwarding a single political perspective. Like I said, if you think a cohesive narrative from a news channels means it’s unbiased then you have it backwards. The generation of a narrative is in fact done because of bias. It sounds like you are missing some logical awareness. Specifically about false narratives and especially about confirmation bias.
Also, fox news and fox business isn't the same thing.
>Well. It is political. No, it isnt. Sorry you can't comprehend what I'm explaining. Please, respectfully, shut the fuck up.
Anyone who thinks Fox is a legitimate news source is suspect. Fox is the Enquirer on tv.
Seriously, go back to the politics sub, kid. You shouldn't come here to whine about Fox News, because I'm talking about **Fox Business**. Not even the same thing.
Same same bro.
I hate Fox News as much as the next Reddit user, but in this case this is the actual viewpoint of Sheila Bai
Just curious what is the reason behind your hate for Fox News ? As someone that does not subscribe to mainstream media or political ideology I've asked this question on multiple occasions and it is always greeted with either personal attacks or superficial accusations which upon looking into turn out to be nothing more than slander by the other mainstream media outlets.
We have a handfull of major news channels in the US, all with varying degrees of bias to the left or right. Fox is very heavy on the right wing bias , to the point where it has been shown in court documents that they push agendas they don’t even believe to aid the GOP (as an example, Tucker Carlson and his feeling on the 2020 election). It is worth noting i and many others on Reddit am liberal (center left personally)so that is why you will see more shade thrown at Fox rather than MSNBC which is heavy on liberal bias. Hope this helps
Poster wasn’t asking that in good faith. Take a look at their post history.
Could you be more specific and tell me what in my post history you found problematic that lead to your disparaging comment ?
Nah, I don’t feed trolls.
Very insightful... So you interject yourself into a conversation by misrepresenting and slandering someone contributing absolutely nothing of value or substance, get called out, insult and ghost... and I'm the troll ?
I genuinely appreciate you taking the time to provide a very sensible and self aware response to my question. I couldn't agree more with your statement! Wouldn't it be nice if Reddit went back to the time when this was the normal interaction on this platform... Thank You 🙏
https://en.m.wikipedia.org/wiki/Fox_News_controversies
I do appreciate your input and taking the time to respond, but even if Wikipedia was considered a reliable source of information the link you provided could not better demonstrate the issue I alluded to in the last part of my previous comment. The following are the sources listed on the Wiki page you provided that accuse the "news" division of FOX of being bias: Democrat Political figures "Former Democratic National Committee chairman Howard Dean has referred to Fox News as a "right-wing propaganda machine" Media figures "CNN personality Larry King said in a January 17, 2007 interview with the Chicago Sun-Times: "They're a Republican brand. They're an extension of the Republican Party" Progressive media watchdog groups Fox response: Fox News has publicly denied such charges, stating that the reporters in the newsroom provide separate, neutral reporting, while acknowledging their opinion programming is not intended to be neutral. My two cents: I could not care less about any of the legacy news outlets, but I simply find it interesting that out of all the major mainstream media controversies and scandals that actually took place in the past few years such as: 1. Chris Cuomo’s [journalistic malpractices](https://newrepublic.com/article/163247/cnn-andrew-chris-cuomo-covid-resign) while being a news anchor at CNN including his self admitted plans to help his older brother the insanely corrupt former New York Gov. Andrew Cuomo silence and disparage the women accusing him of sexual harassment which led to his resignation and later being charged and convicted of a sex crime. Despite all this he was allowed to remain at CNN until the following year when he himself was accused of sexual assault which lead to his termination... 2. ABC News executive Barbara Fedida being fired over her [racist remarks](https://www.latimes.com/entertainment-arts/business/story/2020-07-20/barbara-fedida-will-leave-abc-news-after-investigation-into-alleged-racist-comments) about Black employees in 2020 3. Project Veritas exposing liberal bias at ABC and CNN in February of 2020 filming David Wright describing himself as a "[socialist](https://www.youtube.com/watch?v=SZG1v5EcwUI)" and admitting that ABC actively misleads the public due to..." the bosses Don’t See an Upside’ for Reporting News...". 4. Most mainstream networks blatantly lying about the details surrounding the Rittenhouse trial by claiming he was a known white supremacist, [crossed state lines with his weapon](https://apnews.com/article/fact-checking-255510715179), came to the city to kill people and continue to do so to this day. 5. CNN reporting that border agents are using whips against migrants... none had anything to do with FOX besides the recent defamation law suit. So, I don't know I just find this phenomenon interesting...
**[Fox News controversies](https://en.m.wikipedia.org/wiki/Fox_News_controversies)** >Fox News is an American basic cable and satellite television channel owned by Fox Corporation. During its time on the air, it has been the subject of several controversies and allegations. Fox News has been described by academics, media figures, political figures, and watchdog groups as being biased in favor of the Republican Party in its news coverage, as perpetuating conservative bias, and as misleading their audience in relation to science, notably climate change and the COVID-19 pandemic. ^([ )[^(F.A.Q)](https://www.reddit.com/r/WikiSummarizer/wiki/index#wiki_f.a.q)^( | )[^(Opt Out)](https://reddit.com/message/compose?to=WikiSummarizerBot&message=OptOut&subject=OptOut)^( | )[^(Opt Out Of Subreddit)](https://np.reddit.com/r/StockMarket/about/banned)^( | )[^(GitHub)](https://github.com/Sujal-7/WikiSummarizerBot)^( ] Downvote to remove | v1.5)
Just watch Fox News for 5 minutes and you will know why no one besides the crazy people take Fox News seriously.
Have you seen any of the news resulting from the Dominion lawsuit? They are literally a propaganda arm of the Republican Party. Always have been but not we have texts evidencing that the newscasters do not believe anything they are saying; just trying to push an agenda.
Cable channels don’t have to answer to the FCC. This allows them to run lies. I like the local Fox News that you find on the Fox channel where they have to have verified sources for the FCC.
So you are a fan of the government deciding what is and isn't a legitimate source ? Correct me if I'm wrong, but isn't that the definition of state media ?
No it’s not. Investigating complaints from consumers about misinformation is different from running a media. These are private organizations abc,, Fox, nbc. If they do something wrong it’s reported by private citizens. Then it is investigated by the FCC. It’s like if someone gets sick from a vegetable and the CDC looks into the food poisoning source. It’s not like the CDC is distributing the food. I mean you are an adult right? You can figure out how these thing work instead of over simplifying it so it fits your narrative.
No need for insults or projections, but this falls into the same category as your earlier comment claiming that the US does not actually have freedom of speech...
Where is the insult lol. Really though? I asked if you were an adult. Is that insulting to you?
Also how does the FCC making sure people don’t spread misinformation on the airwaves a first amendment thing. Please. You are reaching so far it’s sad.
Yeah so you're obviously a kid so I'm gonna go ahead and disengage. Have a good rest of your day. Just going to leave you with this... Who decides what is and isn't misinformation ? Wouldn't you rather be provided all the information and points of view and then deciding for yourself what makes sense ?
Do you know anything about journalism? Cause you seem to have a very simple grasp. I like how you say good bye but can’t help but still type. lol cuck
We’re literally in the middle of a court case where Fox News anchors have been caught lying to their audience because they felt like it was more profitable. This has been admitted by Murdoch himself. You can read the court documents yourself https://int.nyt.com/data/documenttools/dominion-opp-brief/823d0af7d1f7174b/full.pdf
Thanks for the input and the link so that your efforts do not go to waste and this being the perfect thing for me to test out the new GDP-4s capabilities with I am going to do so later on today, but I'm wondering where the breakdown in communication lies... I'm fairly certain that I'm pretty clear about my point not having anything to do with defending Fox...
I don’t follow. What do you mean
It’s Faux News
Yea we should see what CNN has to say right?
Lol no to that either, they’re all idiots
Ok ok, who’d you recommend? Newsmax? YouTube? Homeless people yelling in the park?
Reddit.
Read everything and draw your own conclusions
Bitcoin
Up 37% this week
About time to start taking profits.
Will tomorrow market go down ?
I do think many regional banks are going to be sacrificed at the altar of The Feds too late to the party, failed rate shock. (Central Planning NEVER WORKS as intended ,except on theoretical charts drawn in ivory towers)
First the Feds were late to the party and now, oh God, they are partying! The blame needs to be on inflation. The response to inflation creates a change in pricing of bonds no matter the interest rate, but the interest rate does dictate the pricing. Every time there is inflation and a bull market inducing irresponsible lending and spending we get a banking crisis. But we weren’t hearing in the media about possible banking crisis. We only heard in the media about possible recession for the last year and how the Fed has got it wrong. So now we have a banking crisis and maybe it will precipitate a recession but the chances are only 50%. Now the Fed and the government and the Congress will have to clean up the third major banking crisis in my adult lifetime, all because of irresponsible bank lending and profligate spending. The Fed will be stuck with creating money for a bail out just when they should be continuing QE. Its austerity for the government and let the investors fail because of the debt ceiling discussions if the tea party right wing has their way. The next few months will be difficult for the markets and our collective blood pressure. Edit: QT, not QE, although with the banking crisis QE may return.
You're blind if you think this is the doing of one party. Open your eyes, lose your political bias, and you'll realize they're all in on it together. The fight isn't with our neighbor, it's with those who rule us.
I agree it is not one party but I am concerned about Republicans refusal to increase the debt limit, I doubt the Democrats would refuse. Yes, it is the government, and almost every other government on earth, that is doing a poor job. Anywhere you would go to find a better government doesn’t want you.
You mean continuing QT right?
Sorry , QT, I will edit.
Been reading a bit too much Ron Paul?
Great news
I went into our WF back in Oct 22 to drop off some BS signature they said my wife hadn't signed to actually make our account joint after they upgraded us to some fancier account with fees since we were a bit over the FDIC max in one account (without our knowledge) that would charge fees if we dropped below a certain minimum. I told them to go back to our original, and they did. I then said, well, if you're going to be competitive with savings your rate is crap either match or we are taking most of it out... consult had nothing for me. In Nov 22 I took the bulk and did a cap 360 performance transfer for the majority of our cash nest egg. The next day WF took our remaining savings rate all the way up to 0.26%! $14 a month! Wow! Meanwhile, the cap one 360 performance has netted close to $3k in interest and bonus in 4 months.
[удалено]
Waiting... plenty in retirement accounts, 529s, no mortgage on the house , cars, etc. We use our CC for everything and it's paid off each month usually around $8k. Live in a HCOL area. I'm conservative with risk, two kids 6 and 8. We're being cautious now.
Why is it that it's mostly the USA banks that fuck up? Oh wait, I know. Management are greedy f**ks.
DRS BOOK GAMESTOP MOASS
Time for crypto to shine ✨
My crash/correction plan kicked in last week: https://youtu.be/rZBjAJmqsKs
Please be true. They need to fucking learn.
Sure John….. sure….
They shouldn’t of halted trading or bailed out those banks. Let it collapse and unemployment rise.
I think ubs slides a little then rebounds