-
Posts
13,408 -
Joined
-
Last visited
-
Days Won
7
Content Type
Profiles
Forums
Events
Blogs
Gallery
Everything posted by nuckin_futz
-
-
Once again, I wish I had your confidence.
-
Upper body injury when he got here. Played 4 games then shut down for remainder of season. Wish I had your confidence.
-
-
So the legacy blue check marks are going away and they will be a paid for thing now. Can someone explain to me the point in removing blue check marks and making them entirely a paid for thing? It's the verified accounts that attract the eyeballs and get viewed more. What is the point in making the sought after content harder to find? This will effectively reduce the value of the blue check marks to zero. So would pay for one? Strangely appropriate however that they're implementing this on April 1st.
-
[Signing] Panthers re-sign Zac Dalpe
nuckin_futz replied to -Vintage Canuck-'s topic in Trades, Rumours, Signings
I had no idea he was still alive. -
[PGT] Vancouver Canucks at Dallas Stars | Mar. 25, 2023
nuckin_futz replied to -Vintage Canuck-'s topic in Canucks Talk
This exact post could have been posted 1 year ago. -
This does bring back memories. Prior to game 7 and the riot my buddy and I had gone to Boston and caught games 3,4 and 6. To this day Boston is my least favourite city. The party that could have taken place after game 6. Vancouver fans in Boston had it all planned out. Everyone was going to gather at the Boston Common and celebrate. What could have been. Make shift man cave in Boston hotel room. Jersey arms linked in solidarity. We are all Canucks. ........
-
This has to be one of the funniest pics ever. First of all his arms are barely thicker than the stick. Secondly his belt looks like he had to make 5 or 6 extra holes in it to keep his pants from falling off. Thirdly I suspect that shirt is a child's size small. As for this documentary, it doesn't need to be made. I found myself almost in the middle of it after leaving the arena in a disappointed daze. My buddy and I ducked into a Japanese restaurant until it settled down somewhat. Was weird watching it unfold on TV when it was happening just blocks away. As far as sports riots go it wouldn't make the top ten. Twelve years after the fact it's just an unnecessary pile on.
-
John Garrett to retire after this season
nuckin_futz replied to -Vintage Canuck-'s topic in Canucks Talk
Was just going to say this. We have been spoiled in this market going from Larscheid straight to Cheech. Next guy has some big shoes to fill. -
A .5% gap in rates isn't nearly enough to sink the CAD. Not when the ECB, BOE, BOJ, RBC are all considerably lower. IMO there is no US bank crisis. There would be if names like Citi, JP Morgan, BOA, Wells Fargo were involved. I just don't see another leg in inflation coming. If you're interested .......... A comparison of the changes from February to March statements A look at February and March statements
-
Federal Reserve hikes rates by 25 bps, as expected Highlights of the March 22, 2023 Federal Reserve interest rate hike The market was pricing in 81% of a 25 bps hike before the decision while the vast majority of economists were also predicting a hike with a handful predicting no change or a cut Prior rate was 4.50-4.75% Ahead of the decision, the market was pricing in a year end target rate at 4.36% May 3 meeting was priced at 4.93% before the meeting Year-end dot unchanged at 5.1% Fed statement deletes reference to 'ongoing increases' in rates
-
Canada February CPI 5.2% versus 5.4% expected Details of the Canada CPI for the month of February 2023 Canada CPI falls to 5.2% year on year Prior report 5.9% (were expecting 6.1% at the time) CPI MoM 0.4% vs 0.5% expected. Prior MoM 0.5% food prices rose 10.6% year-over-year for the seventh consecutive month of double digit increases energy prices fell -0.6% year-over-year following a 5.4% increase in January. Gasoline prices fell -4.7% the first yearly decline since January 2021 Core measures CPI YoY core 4.7% vs 4.8% expected. Prior core YoY 5.0% CPI core MoM 0.3% vs 0.1% last month Median 4.9% versus a 5.0% last month Trim 4.8% vs 5.1% last month Common 6.4% vs 6.6% last month The CPI year on year is at its lows level since April 2020. The year-over-year deceleration in February 2023 was due to a base-year effect, for the second consecutive month, which is attributable to a steep monthly increase in prices in February 2022 which rose +1.0%. For the full report on inflation in Canada click here
-
Fed Funds Futures are pricing in a rate of 4.38% for year end.
-
The FOMC decision is tomorrow. There is a 0% chance of a rate drop. The market is expecting a .25% hike from 4.75% to 5%. A .25% hike is 83% priced in. ..... What's priced in for the Federal Reserve ahead of Wednesday's decision To hike or not to hike, that is the question Federal Reserve officials are debating what to do next. Balancing the goals of restoring price stability and preventing further banking sector disruption poses a significant challenge for the FOMC. If they back off on rate hikes, it will placate markets but could fuel inflation down the line. Do they have enough credibility and resolve to take a pause now and resume them at the next meeting in early May if markets calm down? Venturing into the "what the Fed should do" versus "what it will do" debate, Powell is determined to counter inflation at any cost This makes me wonder if the FOMC is focusing too much on past issues while financial stability is at risk right now. We're not saying Powell isn't paying attention, though. He's just trying to show that they have other tools besides rates to keep any banking problems under control. It's a tough call and it's difficult to have any conviction from any angle but the safest path forward is to hike by 25 bps and offer little guidance. The problem is that Wednesday's FOMC also comes with a dot plot and the Fed has elevated its importance into something of a promise-to-deliver. So Powell will have the tough task of downplaying the dots. So what's priced in? Right now the market is pricing in an 83% chance of 25 bps. I think some of that is because Timiraos' piece yesterday didn't offer any clue of a leak and if Powell wanted to do 50 bps or no hike at all, a leak might be necessary. The shift to 25 bps also reflects the calm in Europe despite the 50 bps hike from Lagarde and the relative stability in markets so far this week. The problem is that turmoil could reappear immediately after the FOMC decision and that would render everything irrelevant and further damage the Fed's credibility. That's why I think there's a higher risk of no change in rates than markets are currently indicating. Of course, that all depends on the answer to this question: Are rates currently high enough to tame inflation? Beyond Wednesday's meeting, there are a total of 36 bps priced into the June meeting, or 4.96% -- so call it 1.5 hikes in the next two meetings. Afterwards, the path turns lower with the market back at 4.38% at year end.
-
Investing in the stock market - Discussion
nuckin_futz replied to AV's Coin's topic in Off-Topic General
WSJ: JPMorgan owned bags supposed to contain nickel but turned out to be full of stones The Wall Street Journal with the story: JPMorgan Chase owned bags of material kept in a Dutch warehouse that were supposed to contain nickel but turned out to be full of stones, people familiar with the matter said. The London Metal Exchange said last week that sacks thought to hold 54 metric tons of nickel in an unnamed warehouse had failed to comply with its standards. The bags were in a shed in the Dutch port city of Rotterdam, The Wall Street Journal and other outlets reported. The problem: They contained stones instead. Bet they'd love to get their ................. -
Investing in the stock market - Discussion
nuckin_futz replied to AV's Coin's topic in Off-Topic General
UBS is buying Credit Suisse in bid to halt banking crisis London CNN — Switzerland’s biggest bank, UBS, has agreed to buy its ailing rival Credit Suisse in an emergency rescue deal aimed at stemming financial market panic unleashed by the failure of two American banks earlier this month. “UBS today announced the takeover of Credit Suisse,” the Swiss National Bank said in a statement. It said the rescue would “secure financial stability and protect the Swiss economy.” UBS is paying 3 billion Swiss francs ($3.25 billion) for Credit Suisse, about 60% less than the bank was worth when markets closed on Friday. Credit Suisse shareholders will be largely wiped out, receiving the equivalent of just 0.76 Swiss francs in UBS shares for stock that was worth 1.86 Swiss francs on Friday. Extraordinarily, the deal will not need the approval of shareholders after the Swiss government agreed to change the law to remove any uncertainty about the deal. Credit Suisse (CS) had been losing the trust of investors and customers for years. In 2022, it recorded its worst loss since the global financial crisis. But confidence collapsed last week after it acknowledged “material weakness” in its bookkeeping and as the demise of Silicon Valley Bank and Signature Bank spread fear about weaker institutions at a time when soaring interest rates have undermined the value of some financial assets. Shares in the 167-year-old bank fell 25% over the week, money poured from investment funds it manages and at one point account holders were withdrawing deposits of more than $10 billion per day, the Financial Times reported. An emergency loan of nearly $54 billion from the Swiss National Bank failed to stop the bleeding. But it did “build a bridge” to the weekend, to allow the rescue to be pieced together, Swiss officials said Sunday night. “This acquisition is attractive for UBS shareholders but, let us be clear, as far as Credit Suisse is concerned, this is an emergency rescue,” UBS chairman Colm Kelleher told reporters. “It is absolutely essential to the financial structure of Switzerland and … to global finance,” he told reporters. Desperate to prevent the meltdown spreading through the global financial system on Monday, Swiss authorities initiated the search for a private sector solution, with limited state support, while reportedly considering Plan B — a full or partial nationalization. “Given recent extraordinary and unprecedented circumstances, the announced merger represents the best available outcome,” Credit Suisse chairman Axel Lehmann said in a statement. “This has been an extremely challenging time for Credit Suisse and while the team has worked tirelessly to address many significant legacy issues and execute on its new strategy, we are forced to reach a solution today that provides a durable outcome.” The emergency takeover was agreed to after a days of frantic negotiations involving financial regulators in Switzerland, the United States and United Kingdom. UBS (UBS) and Credit Suisse rank among the 30 most important banks in the global financial system, and together they have almost $1.7 trillion in assets. Regulators applaud the takeover Financial market regulators around the world cheered UBS’ action to take over Credit Suisse. US authorities said they supported the action and worked closely with the Swiss central bank to assist the takeover. “We welcome the announcements by the Swiss authorities today to support financial stability,” said US Treasury Secretary Janet Yellen and Federal Reserve Chair Jerome Powell, in a joint statement. “The capital and liquidity positions of the US. banking system are strong, and the US financial system is resilient.” Christine Lagarde, President of the European Central Bank, said the banking sector remains resilient but the ECB stands at the ready to help banks maintain enough cash on hand to fund their operations if the need arises. “I welcome the swift action and the decisions taken by the Swiss authorities,” Lagarde said. “They are instrumental for restoring orderly market conditions and ensuring financial stability. The Bank of England said it welcomed the measures taken by the Swiss authorities “to support financial stability.” “We have been engaging closely with international counterparts throughout the preparations for today’s announcements and will continue to support their implementation,” it said in a statement. “The UK banking system is well capitalized and funded, and remains safe and sound.” How UBS and Credit Suisse will fit together The global headquarters of UBS and Credit Suisse are just 300 yards apart in Zurich but the banks’ fortunes have been on very different paths recently. Shares of UBS have climbed 15% in the past two years, and it booked a profit of $7.6 billion in 2022. It had a stock market value of about $65 billion on Friday, according to Refinitiv. Credit Suisse shares have lost 84% of their value over the same period, and last year it posted a loss of $7.9 billion. It was worth just $8 billion at the end of last week. Dating back to 1856, Credit Suisse has its roots in the Schweizerische Kreditanstalt (SKA), which was set up to finance the expansion of the railroad network and industrialization of Switzerland. In addition to being Switzerland’s second biggest bank, it looks after the wealth of many of the world’s richest people and offers global investment banking services. It had more than 50,000 employees at the end of 2022, 17,000 of those in Switzerland. The Swiss National Bank said it would provide a loan of 100 billion Swiss francs ($108 billion) to UBS and Credit Suisse to boost liquidity. UBS Chief Executive Ralph Hamers will be CEO of the combined bank, and Kelleher will serve as chairman. The takeover will reinforce the position of UBS as the world’s leading wealth manager with $5 trillion of invested assets, and boost its ambition to grow in the Americas and Asia. UBS said it expects to generate cost savings of $8 billion per year by 2027. Credit Suisse’s investment bank is in the crosshairs. “Let me be clear. UBS intends to downsize Credit Suisse’s investment banking business and align it with our conservative risk culture,” Kelleher said. ************************ That's quite a 'take under'. Obviously CS was about to collapse. Book value looks to be about $12 but who knows what they'll find when they turn the rocks over. -
[PGT] Vancouver Canucks at Los Angeles Kings | Mar. 18, 2023
nuckin_futz replied to -Vintage Canuck-'s topic in Canucks Talk
We had 6 shots through 45 minutes and won the game. -
[PGT] Vancouver Canucks at Los Angeles Kings | Mar. 18, 2023
nuckin_futz replied to -Vintage Canuck-'s topic in Canucks Talk
OMG these 2 points feel so dirty.