RE:RE:Oh ohTXRogers wrote:
You know Z, I have pondered these previously predicted bank failures by all the commentators and macro-thinkers.
Even our much admired Group Captain Alasdair.
But what if they were actually all correct? What if by every GAAP metric and measure , some of these banks actually have failed? But they didn't. A phone call was made in the late afternoon, and by morning the books were all corrected.
You see, nothing is as it appears these days. Solvency and bankruptcy are really not measurable by any normal standard. So I am reluctant to say who may be right or wrong in their predictions concerning bank failures and the financial system.
The Wizard of Oz is holding his own. And it's not clear which curtain conceals his day to day actions in The Emerald City.
Tx
For the umpteenth time, Humpty and Alice had the definitive argument on all of this . Failure ,by its normal definition is not allowed within the banking system at any cost . Never normal applies to everything today down this rabbit hole .
”The question is” said Alice “whether you can make words mean so many different things”
Management of Perspective Economics and what actually does “NORMAL” mean ?
Exactly the opposite ....depending on who actually says it . Humpty and Alice knew .
FW