Clay Jones for March 25, 2023

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    LookingGlass Premium Member 6 months ago

    And I’m sure that the “crash” of 1929 was ALSO a result of the “WOKE” policies!!!


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    danketaz Premium Member 6 months ago

    Yeah, someone woke up and smelled the coffee.

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    ibFrank  6 months ago

    So, if the bankers had been asleep they wouldn’t have failed?

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    S&C = Dismayed&Depressed   6 months ago


    It’s funny how deregulation works.. it’s even more comical watching the repugs trying to find any excuse to cover that up.

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    Lolapoo Premium Member 6 months ago

    GOP messaging using the KISS (Keep It Simple, Stupid) principle to appeal to their base.

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    Grandma Lea  6 months ago

    republicans are about as woke as the boiler crew of the Titanic

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    aristoclesplato9  6 months ago

    So if it was short of capital, how do they justify all the money spent on woke programs, climate change, political donations to the Dems, etc. They were bleeding funds to woke causes while losing their shirts by ignoring their investment positions.

    They focused and spent on the wrong things.

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    Olddog1  6 months ago

    The bonds themselves weren’t all that risky. They were safe from default. The problem was that the bank people never saw higher interest rates in their lifetime and didn’t anticipate a lower value for long term bonds with rising rates. Then they couldn’t handle short term deposits from employers who had to make payroll.

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    mourdac Premium Member 6 months ago

    Please, Clay, you’ve been doing this long enough. Don’t try to bring facts to any arguements with the Rethuglicons.

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    FrannieL Premium Member 6 months ago

    Best explanation I’ve seen yet.

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    The Nodding Head  6 months ago

    Perfect. I often face the problem of presenting a reasoned analysis about current problems to some who have already absorbed bumper sticker explanations.

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    rs0204 Premium Member 6 months ago

    The people who buy into the whole “woke” right-wing propaganda, don’t care about knowing the truth. The truth of a subject isn’t easy, isn’t black & white, it is shrouded in layers of grey.

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    Masterskrain Premium Member 6 months ago

    This would be funnier if it wasn’t such an accurate depiction of just how pathetic the Republicans have become over the last few decades.

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    piper_gilbert  6 months ago

    My dog bit me. He must be woke. I hate stopping at traffic lights. They must be woke. People talking loud on their cellphones at the movies are definitely woke. Slow elevators, parking meters, warm milk, long commercial breaks, and tooth aches are really woke. See a pattern here?

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    Alberta Oil Premium Member 6 months ago

    Well yah.. but surely it’s Joe’s fault that it happened now.

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    Frankfreak  6 months ago

    For about 5-6 years now have been seeing a resergence of companies wanting people to use their homes for loans again, and people wanting to buy homes to flip. Did this not cause a problem before?

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    Dapperdan61  Premium Member 6 months ago

    When you explain in detail something to republicans they don’t understand they immediately say woke. That is getting very very repetitious and rather being insulting it is more annoying than anything else

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    willie_mctell  6 months ago

    One word beats a paragraph every time. :(

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    Ally2005  6 months ago

    What’s a four letter word (magat limit for comprehension) for everything republicons don’t like? WOKE, and repeat……………..WOKE, and repeat……………………

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    ShadowMaster  6 months ago

    The big reason people complain is they lost investments. An investment isn’t a deposit. An investment is a gamble that it will pay off and give you a great ROI. But it can fail.

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    TwilightFaze  6 months ago

    Businesses rise and businesses fall. It’s just a fact of life. Nothing woke about it, fat man.

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    librarylady59  6 months ago

    Ain’t the truth. :-)

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    IndyW  6 months ago

    Always Trump’s fault, no matter when or what it is.

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    grange  6 months ago

    The elephant reduces it to as many words as your average MAGA can comprehend.

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    Valiant1943 Premium Member 6 months ago

    The economist is awake & the GOP is not…glad to see that they are admitting their shortcomings.

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    Saurischia Premium Member 6 months ago

    My understanding is that the investments were not risky in that they were in US Treasuries – the safest investment on the planet. The main problem is that because of deregulation, they didn’t have enough liquid assets to fill the demand for customers cashing out. The risk for any bond is that when interest rates go up, the value of the bond itself goes down so that investors make an “equivalent” interest rate to what the market is currently paying. The fact that SVB didn’t have enough capitalization to fill the demand by their customers, they were forced to sell the “safe” long term Treasury bonds at a discount. This is why people are trying to blame the Fed for raising rates to combat inflation. The woke BS is nonsense.

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    smartgrr  6 months ago

    I’d rather be woke than asleep…or with my head stuck in the sand

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    Radish the wordsmith Premium Member 6 months ago

    “There it is, the modern Republican Party in a nutshell: Reading MAGA B.S. to your kids while taking Rosa Parks out of our schools and libraries.” Michael Steele

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    Jack7528  6 months ago

    Higher interest rates on secured low-risk government bonds fail. They paid little interest, cause they don’t go up but pay out at the rate when bought. Interest rates go up those government bounds are useless. Biden caused this. Had nothing to do with Trump. If it did why did a bank, Signature, fail with Barney Frank on the board? You know the Frank in Dodd-Frank.

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    ferddo  6 months ago

    GQPs don’t like it when people wake up to the consequences of GQP policies…

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    AtomicForce91 Premium Member 6 months ago

    Investing in woke causes does not pay the bills.

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