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Posted by
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If people cannot trust the banks to put cash will they not move it to the markets?
Posted by Tvilletiger
on 3/12/23 at 8:38 pm
1
15With all the cash that cannot be insured why would they not now all move it to stocks. Should we see a nice bump in the stock market? I am sure I am not getting it all.
re: If people cannot trust the banks to put cash will they not move it to the markets?Posted by Bard on 3/12/23 at 8:44 pm to Tvilletiger
on 3/12/23 at 8:44 pm to TvilletigerThis is a bump in the road. If you see BoA or Cap One go down, then you should start worrying. Until then, there's no reason to create more panic than what already exists.
There will likely be a bit more withdrawals over the next few days than normal, but once people realize their bank isn't going anywhere things will calm down again.
Also, people are insured up to $250k. How many people do you know who have more than $250k in a bank?
There will likely be a bit more withdrawals over the next few days than normal, but once people realize their bank isn't going anywhere things will calm down again.
Also, people are insured up to $250k. How many people do you know who have more than $250k in a bank?
re: If people cannot trust the banks to put cash will they not move it to the markets?Posted by Scruffy 
on 3/12/23 at 8:46 pm to Tvilletiger
on 3/12/23 at 8:46 pm to Tvilletigerquote:I am as much of a doomsayer as many, and more than most, but a “run on the banks” isn’t in the cards.
With all the cash that cannot be insured why would they not now all move it to stocks. Should we see a nice bump in the stock market? I am sure I am not getting it all.
Your average American doesn’t pay enough attention to resort to such a situation in modern day.
It would have to be a catastrophic event, which this bank failure is not.
Capital One or BoA would have to fail to even get close to that point.
This post was edited on 3/12 at 8:47 pm
quote:If it were to happen, I don’t think that would be a comfort to most people.
Also, people are insured up to $250k. How many people do you know who have more than $250k in a bank?
What would the timeline be on receiving that?
Most people don’t have a cash supply at home for emergencies (good idea to have some cash set aside).
re: If people cannot trust the banks to put cash will they not move it to the markets?Posted by SlowFlowPro 
on 3/12/23 at 8:50 pm to Scruffy
on 3/12/23 at 8:50 pm to Scruffyquote:
Most people don’t have a cash supply at home for emergencies (good idea to have some cash set aside).
If there is a run on a bank like BOA or Capital One, I don't know if paper money will be that valuable anymore either
re: If people cannot trust the banks to put cash will they not move it to the markets?Posted by Scruffy on 3/12/23 at 8:51 pm to SlowFlowPro
on 3/12/23 at 8:51 pm to SlowFlowProquote:Also true.
If there is a run on a bank like BOA or Capital One, I don't know if paper money will be that valuable anymore either
We can start trading in bullets or bottle caps.
re: If people cannot trust the banks to put cash will they not move it to the markets?Posted by Bard on 3/12/23 at 9:11 pm to SlowFlowPro
on 3/12/23 at 9:11 pm to SlowFlowProquote:
If there is a run on a bank like BOA or Capital One, I don't know if paper money will be that valuable anymore either
Which is why it's smart to diversify in gold, silver and lead. If the first two aren't able to get you through, the world is at a point where you can rely only on the third.
re: If people cannot trust the banks to put cash will they not move it to the markets?Posted by SlowFlowPro on 3/12/23 at 9:19 pm to Bard
on 3/12/23 at 9:19 pm to Bardquote:
Which is why it's smart to diversify in gold, silver and lead. If the first two aren't able to get you through, the world is at a point where you can rely only on the third.
I talked about this on the poli board. 99.9% of us aren't built to "rely on lead" as you put it.
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re: If people cannot trust the banks to put cash will they not move it to the markets?Posted by Tarps99 
on 3/13/23 at 5:41 am to Tvilletiger
on 3/13/23 at 5:41 am to Tvilletigerquote:
With all the cash that cannot be insured why would they not now all move it to stocks. Should we see a nice bump in the stock market? I am sure I am not getting it all.
Have you seen the market lately?
Terrible returns on most stocks. Why would I put my money in the market where I can lose 5, 10, 15, 20, 30, 50%, or more of my money if the stock market tanks?
The only decent investment right now is Treasuries. You get decent interest rates now that rates are rising. If liquidity is needed, short term treasuries. You can buy them in as short as 1 month terms.
quote:
Also, people are insured up to $250k. How many people do you know who have more than $250k in a bank?
I would guess that the majority of wage earners have their money tied up in their employer's payroll account with over $250,000.
So in the sense that they may not get paid on a Friday, a good many more people than you are giving credit to.
re: If people cannot trust the banks to put cash will they not move it to the markets?Posted by boogiewoogie1978 
on 3/13/23 at 8:22 am to Tvilletiger
on 3/13/23 at 8:22 am to Tvilletigerquote:
If people cannot trust the banks to put cash will they not move it to the markets?
Why would people lose trust? Also, I keep my money in a local federal credit union because of shite like this.
re: If people cannot trust the banks to put cash will they not move it to the markets?Posted by TrussvilleTide 
on 3/13/23 at 9:25 am to Bard
on 3/13/23 at 9:25 am to Bardquote:
Which is why it's smart to diversify in gold, silver and lead. If the first two aren't able to get you through, the world is at a point where you can rely only on the third.
If paper money goes down all that will be relevant for the future is the third
re: If people cannot trust the banks to put cash will they not move it to the markets?Posted by bayoudude on 3/13/23 at 10:14 am to Tvilletiger
on 3/13/23 at 10:14 am to Tvilletigerquote:
With all the cash that cannot be insured why would they not now all move it to stocks.
Didn’t work out well for those heavily invested in the markets in 1929
re: If people cannot trust the banks to put cash will they not move it to the markets?Posted by lowspark12 
on 3/13/23 at 10:18 am to Tvilletiger
on 3/13/23 at 10:18 am to TvilletigerHow many banks failed in 2008 and the FDIC made depositors whole?… 500?
re: If people cannot trust the banks to put cash will they not move it to the markets?Posted by NorCali on 3/13/23 at 10:28 am to Tvilletiger
on 3/13/23 at 10:28 am to TvilletigerYes, see the run on the US treasuries. all are down as cash is moved there and returns go down because of high demand.
Supposedly Gold is to but I haven't looked at the numbers
Supposedly Gold is to but I haven't looked at the numbers
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