Article

2023-04-03 Economy

Charles Schwab Loses $47 Billion in Market Value in One Month

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Posted by Besoeker 2023-04-03 05:11|| || Front Page|| [12 views ] Top

#1 In other words, Charles Schwab investors lost $47B.

Posted by NN2N1 2023-04-03 06:20|| 2023-04-03 06:20|| Front Page Top

#2 When you're 35 years old, a paper loss is not a big deal. When you're 75, it's a pretty big deal.

Can anyone say, 'death tax?'

Posted by Besoeker 2023-04-03 07:37|| 2023-04-03 07:37|| Front Page Top

#3 Aside from being woke, there are other problems: Schwab has the same problems as struck Silicon Valley Bank, i.e., it "invested in long-dated bonds during a period of historically low interest rates and is stuck with losses on those investments as the Federal Reserve has increased interest rates over the last year."

Posted by Slavising Unineting5672 2023-04-03 08:38|| 2023-04-03 08:38|| Front Page Top

#4
Ask yourself!
What do YOU OWN that the Local. State or Feds do not tax, and will be taken or you placed in jail, if you don't pay?

Before you say AIR, remember the indirect taxes for the Clean Air Act.

The DC Swamp would do well to remember, the America Revolution was started over a small tax on tea.

Posted by NN2N1 2023-04-03 08:46|| 2023-04-03 08:46|| Front Page Top

#5 /\ "Life is short and death is certain."

I brought nothing coming in. I'll take nothing going out.

Posted by Besoeker 2023-04-03 09:48|| 2023-04-03 09:48|| Front Page Top

#6 Who says you can't take it with you?

Posted by M. Murcek 2023-04-03 10:18|| 2023-04-03 10:18|| Front Page Top

#7 When treasury i-bonds yield 6.4% interest, why keep money in a bank that yields 1.3% interest? Just another way of fed f..king!

Posted by Papa Cookie 2023-04-03 11:47|| 2023-04-03 11:47|| Front Page Top

#8 NN2N1 it's not a swamp, it's a sewer.

Posted by Deacon Blues 2023-04-03 13:10|| 2023-04-03 13:10|| Front Page Top

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