Money & Economics

Marcus by Goldman has 4% 12mo CDs and %3.65 savings accts (the $1500 signing bonus expired though)
 
Not a great sign …

$1.4 TRILLION CITI JUST STARTED DUMPING U.S. STOCKS.
THE FIRM IS WORRIED THERE'S NO "QUICK END" TO THE WAR.
THEY DEFINETELY KNOWS SOMETHING...
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Citigroup managing $1.4T starting to reduce exposure to U.S. equities right now is not a small signal.Markets are already reacting to war risk, rising oil, and tightening financial conditions. When capital at this scale begins moving, it usually means positioning is changing fast behind the scenes.Something bigger may be building here.
Watch closel

 
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The decision to ban Russian gasoline exports for Russian producers from April 1st for 6 months has reportedly been made - Tass

 
I’m not smart enough to know the full picture, but having followed things closely for the past month, I don’t recall seeing a single day where the markets crashed DOWN and Gold AND Oil moved in tandem UP… it’s actually a bit spooky

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I really with I understood this better.

Its not completely due to the war. That just poured gasoline on the fire.
It is also related to Trumps other 12 months of fuckups.

Its very complicated stuff and no one single answer or problem source.

I just hope this guy is wrong:
Rumors are the Gulf countries are trying to cash in their UST's. Apparently (?) the US is not letting them? So they're selling what they can--gold.


 
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The decision to ban Russian gasoline exports for Russian producers from April 1st for 6 months has reportedly been made - Tass



I suspect this has a lot to do with the Russia Oil refineries not able to produce enough for local consumption due to the Special Military Operation in Ukraine
 
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Among other things.
When you have a fuel crisis of your own you dont need suppliers running off and selling it to someone else for more money
 
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A true statement, IMO, but in this case I say the defect lies with the markets. I've always been amazed that some company or commodity can be golden one day and crap the next day (or vice versa), when nothing has changed in its fundamentals. More than by logic or fundamentals, the markets seem to be moved by fear, rumor, and herd mentality. It's more like an online casino than something principled and disciplined. Trump's pin-ponging is just making it mpre visible.

Markets were not made for Trump’s never-ending ping-pong
 


I believe there is a very high chance the Houthis attempt to close the Bab el-Mandeb Strait,

So, possible to see Oil go much higher