# Game Over (Game On?) for Financial Markets? **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [September 14, 2008, 6:45pm UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908 "2008-09-14T18:45:10Z")\ **Posts on this page:** 20\ **Page:** 108
**Author:** ![Onyx\_Z32](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/onyx_z32/32/7581_2.png) [@Onyx\_Z32](https://forums.speedlife.net/u/Onyx_Z32)\ **Post date:** [December 16, 2022, 11:18pm UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2141 "2022-12-16T23:18:43Z")
Game over for auto market? (Tweets are parts of a bigger thread) > > > ---
**Author:** ![ubengineering](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ubengineering/32/5171_2.png) [@ubengineering](https://forums.speedlife.net/u/ubengineering)\ **Post date:** [December 18, 2022, 9:21pm UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2142 "2022-12-18T21:21:21Z")
moved mine to discover recently, was at keybank (.05%) ---
**Author:** ![drvnkd](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/drvnkd/32/109615_2.png) [@drvnkd](https://forums.speedlife.net/u/drvnkd)\ **Post date:** [December 19, 2022, 12:01am UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2143 "2022-12-19T00:01:14Z")
Please advise for this decent rate on savings or CDs. My old man had CDs for my kids when he passed, so now i will need to park it someplace for 3-5 years. ---
**Author:** ![livin4hockey](https://avatars.discourse-cdn.com/v4/letter/l/d2c977/32.png) [@livin4hockey](https://forums.speedlife.net/u/livin4hockey)\ **Post date:** [December 19, 2022, 2:19am UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2144 "2022-12-19T02:19:30Z")
I’ve used [Bankrate.com](http://Bankrate.com) just from a google search result. A few years back I had some money set aside for our next house purchase and decided to open up an account with CIT bank and was pretty happy with them. Then the world shut down and we bought a house and I haven’t been able to really take advantage since. I did see though that they’re advertising 3.85% currently to new customers. Bask Bank is offering 4.03% so I may jump ship to there. Edit- these are savings account rates, haven’t looked into CDs ---
**Author:** ![LUC1F3R](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/luc1f3r/32/7299_2.png) [@LUC1F3R](https://forums.speedlife.net/u/LUC1F3R)\ **Post date:** [December 19, 2022, 2:19pm UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2145 "2022-12-19T14:19:33Z")
If its for your kids id probably roll it all into stocks. Pick a few companies that look promising long term and leave it there. If it was for anyone near retirement age id say online savings, rates are great right now. ---
**Author:** ![drvnkd](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/drvnkd/32/109615_2.png) [@drvnkd](https://forums.speedlife.net/u/drvnkd)\ **Post date:** [December 19, 2022, 5:48pm UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2146 "2022-12-19T17:48:03Z")
Thanks. I think I’m old enough that I still don’t really trust an online only bank even though I do most all banking online now. The kids will get access to the money in 3-5 years when they hit 21. Not a ton, but 4% seems a lot better than the 0.04 from the current BOA account. ---
**Author:** ![Onyx\_Z32](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/onyx_z32/32/7581_2.png) [@Onyx\_Z32](https://forums.speedlife.net/u/Onyx_Z32)\ **Post date:** [January 4, 2023, 12:21pm UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2147 "2023-01-04T12:21:10Z")
Can only go up from here! ![20230104_072028](https://canada1.discourse-cdn.com/flex034/uploads/speedlife/original/3X/a/0/a06fe860b14728d21282d32826ee7dc5f6de01f1.jpeg) ---
**Author:** ![drvnkd](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/drvnkd/32/109615_2.png) [@drvnkd](https://forums.speedlife.net/u/drvnkd)\ **Post date:** [February 8, 2023, 3:20pm UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2148 "2023-02-08T15:20:40Z")
Damn it. Any good companies need project managers? (what’s the difference between a PM, and hooker? There are some things a hooker won’t do) #prayforLinde now that its been on mad money again [Linde CEO Sanjiv Lamba on Jim Cramer’s Mad Money - YouTube](https://youtu.be/YqXrr_9Jbx4) ---
**Author:** ![Motocrossx23](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/motocrossx23/32/5120_2.png) [@Motocrossx23](https://forums.speedlife.net/u/Motocrossx23)\ **Post date:** [February 8, 2023, 3:43pm UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2149 "2023-02-08T15:43:58Z")
Look at Wendt, my buddy just left as PM and I don’t think they replaced him yet. ---
**Author:** ![HouseS2K](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/houses2k/32/100273_2.png) [@HouseS2K](https://forums.speedlife.net/u/HouseS2K)\ **Post date:** [February 8, 2023, 11:07pm UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2150 "2023-02-08T23:07:06Z")
You ain’t leaving hoe 🤣 ---
**Author:** ![Onyx\_Z32](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/onyx_z32/32/7581_2.png) [@Onyx\_Z32](https://forums.speedlife.net/u/Onyx_Z32)\ **Post date:** [February 9, 2023, 1:00am UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2151 "2023-02-09T01:00:58Z")
> [@drvnkd](#): > > #prayforLinde now that its been on mad money again #inversekramer ---
**Author:** ![drvnkd](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/drvnkd/32/109615_2.png) [@drvnkd](https://forums.speedlife.net/u/drvnkd)\ **Post date:** [February 14, 2023, 1:07pm UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2152 "2023-02-14T13:07:31Z")
![Screenshot_20230212-224805_Instagram](https://canada1.discourse-cdn.com/flex034/uploads/speedlife/original/3X/6/5/65a0e45a9b6eb68966e98ce0ff9b84f17245e96c.jpeg) ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [February 17, 2023, 2:56pm UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2153 "2023-02-17T14:56:36Z")
> **[Biden's SEC is coming for your investment account](https://www.foxnews.com/opinion/bidens-sec-is-coming-your-investment-account)** > > Biden's SEC is coming for your investment account with regulations that would mess with the golden age of retail investing and give a less-competitive result. ---
**Author:** ![bing](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bing/32/7211_2.png) [@bing](https://forums.speedlife.net/u/bing)\ **Post date:** [February 26, 2023, 10:01pm UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2154 "2023-02-26T22:01:19Z")
> **[Federal Reserve rate hikes likely to cause a recession, research says](https://www.pbs.org/newshour/economy/federal-reserve-rate-hikes-likely-to-cause-a-recession-research-says)** > > Can the Federal Reserve keep raising interest rates and defeat the nation's worst bout of inflation in 40 years without causing a recession? Not according to a new research paper. on the alliin podcast they referenced a report that came out last week that stated at the US FED inteads to get the interest rates up to 5.5%, or aout 1% up from where it is now. still trying to find their source but this pbs link maybe references the same report from this week? seems to me they are working on getting people accustomed to continued increases. I don’t think they will be able to stop at 5.5% tbh… likely rates have to nearly double from here and get into the 7.5% or 8.5% range. > Using the historical data, the authors project that if the Fed raises its benchmark rate to between 5.2 percent and 5.5 percent — three-quarters of a point higher than its current level, which many economists envision the Fed doing — the unemployment rate would rise to 5.1 percent, while inflation would fall as low as 2.9 percent, by the end of 2025. > > Inflation at that level would still exceed Fed’s target, suggesting that the central bank would have to raise rates even further. ---
**Author:** ![ubengineering](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ubengineering/32/5171_2.png) [@ubengineering](https://forums.speedlife.net/u/ubengineering)\ **Post date:** [February 27, 2023, 8:57am UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2155 "2023-02-27T08:57:06Z")
If you have cash sitting in a brick and mortar bank get that shit moved to a HYSA at an online bank or buy treasuries. ---
**Author:** ![drvnkd](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/drvnkd/32/109615_2.png) [@drvnkd](https://forums.speedlife.net/u/drvnkd)\ **Post date:** [February 27, 2023, 1:23pm UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2156 "2023-02-27T13:23:14Z")
> [@ubengineering](#): > > HYSA I’m old and still not sure I trust an online only bank, even though I almost never go to the bank. ---
**Author:** ![ubengineering](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ubengineering/32/5171_2.png) [@ubengineering](https://forums.speedlife.net/u/ubengineering)\ **Post date:** [February 27, 2023, 8:40pm UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2157 "2023-02-27T20:40:32Z")
I used Discover. They’re well known and insured. Check out nerd wallet! ---
**Author:** ![bing](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bing/32/7211_2.png) [@bing](https://forums.speedlife.net/u/bing)\ **Post date:** [February 27, 2023, 10:54pm UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2158 "2023-02-27T22:54:32Z")
Peter Schiff, in his latest podcast, says that priced in to the market right now are 0.25% increases in each of the next 3 meetings in March, May and June. Also said growing chances of 0.50% increase in March. also said do not expect inflation below 4% in any year for the rest of the decade. this dude does tend to be right, though timing is always an issue. [![](https://canada1.discourse-cdn.com/flex034/uploads/speedlife/original/3X/b/6/b6cd125bdf06be88857b80b7ae78b4cc8dea2ed1.jpeg "🔴 Hotter Inflation Chills Stock Market - Ep 874") ](https://www.youtube.com/watch?v=VxKLQGIRMPM) these comments were in the last 10 minutes. ---
**Author:** ![ubengineering](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ubengineering/32/5171_2.png) [@ubengineering](https://forums.speedlife.net/u/ubengineering)\ **Post date:** [February 28, 2023, 11:59am UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2159 "2023-02-28T11:59:30Z")
I hope he’s wrong about bitcoin though lol has been so far! Inflation needs to stay up until we get our debt obligations under control. I’m sure that will be heavily influenced by whoever is sitting in the white house over the next two elections. ---
**Author:** ![bing](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bing/32/7211_2.png) [@bing](https://forums.speedlife.net/u/bing)\ **Post date:** [March 11, 2023, 10:06pm UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2160 "2023-03-11T22:06:29Z")
so how are we feeling about SVB boys? the All-In Besties are calling this a Silicon Valley extinction-level event > **[E119: Silicon Valley Bank implodes: startup extinction event, contagion risk,...](https://open.spotify.com/episode/6i7aG5OQ34KW7yVqVk99k5?si=e39a63b594d444ce)** > > Listen to this episode from All-In with Chamath, Jason, Sacks & Friedberg on Spotify. (0:00) Bestie intro! (1:57) Overview of the SVB collapse and bank run (17:53) Who or what is to blame? Debating venture debt (37:11) Contagion risk, second- and... and there are probably a lot more of these kinds of failures yet to come. amazing how difficult it would be for regular people to foresee this stuff too. a brief look at the #'s and you’d never know on the surface of things. Still several more interest rate hikes yet to come as well. [Previous page](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908.md?page=107) [Next page](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908.md?page=109)