Go Ahead... Make This Up! I dare you.
From Greg M
Lions and friends…
Just when you thought that it could NOT POSSIBLY get more insane…
So, today the smaller/regional bank sector got HAMMERED! With CNBC, Bloomberg, and Fox business commentators trying their hardest to draw attention away from what was happening… especially after we just heard from Powell, Biden, and Dimon that “The Banking System Is Sound.”
Fast forward to NOW.
CNBC is now blaming THE WEATHER.
YES!!!!!!!!!!!!!!!!!!!!!!!!!!! THE WEATHER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
So, its “The Weather” which is causing issues with the banks…
GO AHEAD! Make This Up!…………. Its IMPOSSIBLE!
GM
Look Greg, the complex dynamics of the weather obviously baffle you. At least CNBC has this nailed. You see, specific air convection mixed with precipitous precipitation factors mixed with air density and humidity inclusive of complex variability has caused systemic bank instability on top of intensely fluctuating barometric pressure values.
I dunno Greg, seems pretty damn obvious to me.
Couldn’t be the weather! …but TRAFFIC, it definitely could be the traffic! Traffic always makes me pull my money out of banks, but it’s never been the weather 🤣