DC

anus_camper

There could be 50,000 Russian and Chinese troops on the ground in Maryland marching toward DC and this market would be +0.16%

StoryAndAHalf

As a joke, I call states between Washington DC and Florida the Middle East. Anyway, that aside, a lot of battery plants and battery tech companies are moving to the Middle Eastern states.

shaitanibaccha

Found [this](https://www.reddit.com/r/DC_Cinematic/comments/4h0tpk/people_saying_that_bvs_was_financially/?st=jtytx7pt&sh=e448e5c9) on another sub This man deserves a honorary invitation from WSB for his regardedness.

arenalr

It's true. In DC you can't go to a normal ass restaurant without a reservation days in advance. People are out and they're spending. Shit worse than major banks collapsing overnights gonna have to change things

Drunkenm4ster

Institutional algos selling off to give their masters in DC the opportunity to buy in

VisualMod

>JPMORGAN JPM.N CEO DIMON SCHEDULED TO MEET WITH BRAINARD, HEAD OF BIDEN'S ECONOMIC COUNCIL, DURING PRE-PLANNED TRIP TO DC - SOURCE ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2023-03-22 ^15:05:16 ^EDT-0400

ethanhopps

Washington DC

putsRnotDaWae

Currently happen to be standing outside the Eccles Fed building in DC. And I hear... what is that? Light fluttering sounds and some cooing... Are those 🕊️s?

Superdank888

“The dollars up, down, better buy the pound” I think AC/DC may wanna update their lyrics

kuprenx

State or DC?

Due_Ad717

US govt would rather do 1,2, and 3. Number 4 will never be done by those DC asshats, they rather die.

darianking19

Major banks gathering in DC to discuss its future - seen as positive sign

New-Set-3059

Where does that FeD FOMC meeting happen?? In DC??

moar-warpstone

We bought a 500K one br in NW DC last year and are up to about 580K now. We’d get a full home in NoVa for that but that’s still egregious.

justarandumthrowaway

They should update the advertising for knock-off products to say something like “So real that you’ll get mugged for it in downtown DC! Testimonials to prove it!”

Medium-Average9169

The people I know looking for houses in the DC suburbs are still struggling. The better homes are still going for above asking.

SeriousGarbage3990

I always find it insane when people my age or a buddy is like wow dude why do you follow finance so closely you nerd, then goes on ranting about politics for 2 hours like damn dude get your priorities straight and stop paying attention to the geriatric special olympics in DC, and follow the real world

Aarschotdachaubucha

I'm surprised these people haven't been shot already, but as the colonial military leader in RRR was fond of saying, that bullet got made in Arkansas from Dakota metal. It was shipped to the FBI headquarters in DC using Texas gas. It was airlifted to Alabama in the gun of an FBI agent flying American airlines. The sum total of that bullet's delivery to that fuckwit's skull was about $10, which is way more than their life is worth. Beat them with this stick instead.

Ok_Performance1375

CBDC should be worth $25 each. Then every DC$0.01 is worth a quarter. Inflation won’t sound as bad as it is in digital currency. DC$0.40 for a Happy Meal makes me feel better about it spending money than $10.00 Happy Meals. Imagine DC$0.04 for a large soda.

ImRayShoesmithsSmile

Joint Statement by the Department of the Treasury and Federal Reserve March 19, 2023 >WASHINGTON, DC -- The following statement was released by Secretary of the Treasury Janet L. Yellen and Federal Reserve Board Chair Jerome H. Powell: >“We welcome the announcements by the Swiss authorities today to support financial stability. The capital and liquidity positions of the U.S. banking system are strong, and the U.S. financial system is resilient. We have been in close contact with our international counterparts to support their implementation.”

TumbacholaPR

Don’t go to DC. It’s a warzone.

Dazzling_Wrangler360

It wasn't just for DC. I got a badge too

absoluteunitVolcker

>If he fixes inflation for us You're kidding right 😂? As he goes to DC and probably encourages them to keep the new discount window, aka printer going longer.

CrashDummySSB

We're so used to lies in DC.

Rare-ish_Bird

I saw her in a DC restaurant once. She looks the same in person.

TradeSpY420

Yeah DC is at the top. Peter was good, too.

MagJack

Theres still a tiny crowd of protestors at one of the prisons in DC with the J6 traitors. They will probably have some great content this week. What flavor popcorn you like?

Ape_Wen_Moon

Estimated by this report at 6.6T. https://www.ici.org/statistical-report/ret_22_q4 Americans held $9.3 trillion in all employer-based DC retirement plans on December 31, 2022, of which $6.6 trillion was held in 401(k) plans. 

chefandy

Think about how dumb the average person is, yet half of the population is dumber than they are... An overwhelming majority of voters are politically illiterate, and only vote for whichever side they prefer. They'll vote for the D or the R before they can even begin to contemplate the actual issues that effect them. Even among those that are particularly tuned in to politics, a vast majority of them only listen to their preferred media sources, and only hear one side of the story. Both sides of the media are the propaganda wing of their respective parties, yet the average person will only believe the other side is fAkE nEWz. Politicians only care about their constituents enough to get re-elected. Most of what they do/say/believe is what they think the majority of people in their voting base want to hear. DC is as fake of a place as LA. Politicians want fame, power, and influence, and with it comes immense wealth. Neither side has your best interests at heart, they serve themselves.

Th1ckCheeks

Aight it was right there in their 10K. Several of our existing and potential competitors are significantly larger than us and may have greater financial, marketing, distribution and customer support resources and may have significantly broader brand recognition, especially in certain markets. In addition, some of our competitors have more resources and experience in developing or acquiring new products and technologies and in creating market awareness for these offerings. Competitors in the inverter market include, among others, SolarEdge Technologies, Inc., Fronius International GmbH, SMA Solar Technology AG, AP Systems, Generac Holdings Inc., Tesla, Inc., Huawei Technologies Co. Ltd., Delta, Ginglong, Sungrow, Solax, Hoymiles and other companies offering microinverters and string inverters with and without solar optimizers. We believe that our microinverter solutions offer significant advantages and competitive differentiation relative to traditional central or string inverter technology, even when supplemented by DC-to-DC optimizers on the roof. Competitors in the storage market include Tesla, SolarEdge, LG Chem, Sonnen, Generac, Panasonic, BYD, E3/DC, Senec, Schneider, Briggs & Stratton and other producers of battery cells and integrated storage systems market. Competitors in the EV charger market include Wallbox, ChargePoint, Tesla, JuiceBox and EVBox, among others. So, thats a start, it be better if I had tried a couple of micro inverters from different companies but honestly, there is always more to learn when making a DD.

PumpPie73

Unfortunately Warren is my senator. She does her best work after the fact. She was in Congress when they passed the bill to revise the regs. I didn’t much from her then. Another example is abortion. Plenty to say now but where was she when the Dems had a majority and a Dem president. Could have passed it along party lines. I haven’t seen anything from her to help the state. You know if she did something she’d be all over the airwaves telling everyone how great she was. The bridges to Cape Cod need replacing and not one member of our congressional delegation got one Penny. The Governor had to go to DC to get the money. The topper with her was how she pretended to be a Native American to get ahead. If any of pulled that stunt we’d be in jail. In her case she was elected Senator. Only in America.

cutiesarustimes2

A large number (>20) of Private Jets landed in Omaha yesterday afternoon Jets flew from HQs of Regional Banks, Ski Resorts & DC Lol

PutContractMyLife

Rather than just blindly raising it again, maybe a plan to decrease spending can go along with it? I’m not saying we should get crazy and actually eliminate the deficit. That’d be too much to ask of this group of chucklefucks in DC.

PrinceRayan

I think the people who say “US military would crush any rebellion in this country” don’t realize how many people in the military aren’t just overgrown JROTC kids who sleep with an American flag blanket. The amount of desertions and defectors would be insane the minute anyone is given an order to shoot an American on American soil. Sure you’ll have bootlickers who will follow orders, but most people in uniform wanted that free tuition and healthcare not to turn DC into Kabul.

CR0Wmurder

Send them DC with anti-FED signs

workacct20910

My house is down $80k since last summer in suburban DC. My county raised my property tax assessment $80k and wants to raise property taxes 10%.

GuardianofWater

And this is why they win, because you take it up the ass and never fight back. Americans are such losers. If this was France DC would be all on fire right now.

JewJesus99

I wanna work for the President in DC.

liftthattail

Middle class numbers don't include benefits. The amount is based on the median household income. (It's a multiplier of the median household income). I'm not saying they aren't wealthy just off of a salary like that. They absolutely are very wealthy and earn way more than I ever will. Middle class is a broad definition. As for using Washington DC or not using Washington DC, what are you suggesting be used?

Nac82

Top of the middle class in salaries before all the secondary benefits, and you are still justifying the salary using Washington DC prices, which is fucking stupid.

Unitedtendies

It’s 7pm and bright as fuk DC

ScarecrowJohnny

Washington DC , The White House

Unitedtendies

Bright as fuk in DC at 6pm EST. Depression over

Unitedtendies

It’s bright as fuk outside in DC at 6pm EST. Depression over?

Big-turd-blossom

> Do you think that allowing the depositors to lose all their money Those who had higher than 250k would have lost around 10% at current market value IF there was a full on bank run and FDIC were forced to liquidate all the assets. Likely scenario would have been one of the other bigger banks acquiring SVB for nothing and depositors keeping all of their money. There were bids over the weekend from interested parties that were never disclosed. Likely the VCs that lobby the DC were too influencial and because anyone worth millions (basically all of congress) would be invested in tech that would have crashed hard in the absence of FDIC guranteeing all deposit in SVB, they decided this. Also likely several other banks who are in similar situation.

omgFWTbear

That’s the point of the thread. Once there’s infrastructure, it has costs. There isn’t a magic disease that struck LA, NYC, DC, etc that won’t *also* strike Hypothetical New City as well.

principalsofharm

Bv cc mm bnncxhc TV myvffvc mm bxmh TV XD bc TV xn Rd cmgggbbv by xxdbbb Rd c DC xvbbb DC vvvchccx VM ccxcvxxccccc cc v cc cc cc vvx cc cnnvbv cc nbb cc cc FC cc FC VM cmf Bcvvc CV FC cc FC c CNN vzcdxbbv CC mnbnbnvcx xxx xxx nmc DD FC cc cc XD nb FC XD NM FC c DC vc NM vbbv xxx g xxx n cc g tx to g tccccbbb DD mm cc XD nb cc mcxx cc v cxmb cc VM bb xxx nb xxx nb xxx no bb xxx nb xxx nbvv DD vv xxx bb DD nb FC DC cc FC nmmx NM b DC NM x xxx nxxxxxnmxhxx👌👌😬😐🤩😒😤🙄🤫😡😮‍💨🙄😡😤🤭😤🫢🤫🫢😮‍💨🤭🤭🤕😫😷🤥👅🤜🤛🤜👇🛌🧖🤽🏊🚶🏖️🏖️🏜️🏜️🏜️🏜️🏜️⛰️⛰️⛰️🪴🍀🍂🍀🍀🍀🍁🍄🍁🪴🧑🧘🧍🤸⛹️🧍🏩🎢🎮🎮🎟️📽️📽️📽️📼🎙️🎭🎭📼🏏⛸️⛸️⛸️⛸️⛸️⛸️⛸️🛼🥇

Sandbartender

You still sound like a fan of perishable DC ?

CogitoErgo_Sometimes

I’m paying $3/dozen out here in DC even with all the grocery hikes this year, and it should go without saying that DC is a high CoL area. For $8 you’re getting the priciest organic/free-range/small-farm/all-our-chickens-have-names brand that Whole Foods can sling. Stop turning egg prices into a meme.

Sandbartender

You sound like a fan of digital currency, the DC that you lose if you don't spend it in time.

creditspread

DC0 squared.

somuchwin77

AMD is kicking Intels ass in the data centre space, the performance per socket absolutely smokes the equivalent Xeons. For years now Intel has used FUD and rebates to OEM's to undermine AMD in theEUC and DC market spaces. Cracking company, latest generations of sockets are dope. I hope they kill it with sales rev and market share growth, they deserve it.

schwarzeKatzen

Look I don’t know the difference so would you please just explain it? Best I can figure out the governors are the government portion located in DC that actually run things and directors are just boards at the reserve banks representing different interests to the government.

Cressaurus

That's easier, but 120 volts makes sparks, loud noises when you touch the paper clips, and has some serious power. It's doable though, but a transformer wouldn't work with DC, and if you made it AC it would be dangerous.

Mesofeelyoma

This issue just might be his downfall in the next election. Legalize it, or go retire in Delaware Joe. It's clear the residents of DC and everywhere else want it.

dubiousadvocate

They aren’t targeted as a political football by the chaos crowd. Probably because much of their base has no idea who those areas are and their relevance to the US. But they sure know about DC… I wonder why. 😉 

dubiousadvocate

The problem is statehood. The D in DC stands for District. It's part of the larger issue of DC statehood. Districts, territories, and commonwealths are not states. The provision that is interfering with DC recreational was put in by a Republican from Maryland several years ago, the same party doing anything they can to keep DC from citizen representation. As usual the ready/fire/aim crowd has missed the mark again. I know this will devolve into the usual "Biden is evil" nonsense but it's not straightforward. Everything Biden can for legalization at the federal level he has already done. >The president is also calling for the continuation of a rider that protects state medical cannabis programs from federal interference.

NRA-4-EVER

They are realizing raising interest rates was a terrible idea, so now they're pretending they succeeded so they can stop. Works every time in DC.

apmdude

Nah, you just go to buy a sticker or t-shirt at places in DC and the weed is free.

WroughtenPS2

It's noon in DC. Time for the presidential nap.

eobanb

It’s not an anomaly. Desirable neighborhoods in the SF Bay Area, LA, San Diego, Boston, Toronto, DC, Vancouver, Honolulu, Seattle, etc are all like this now.

IndividualEmu6218

I'm skeptical of the claim you make about 97% of deposits covered by assets. But we will not know until full liquidation is complete, and I admit it's possible. Obviously if assets exist (at FMV) to cover all deposits, then of course depositors should be made whole over $250k with whatever funds come from the liquidation. If they cover 100% of deposits it would not be a bailout of over limit depositors, I agree. Or better yet, a buyer can be found that will take over all accounts, as happens in nearly all FDIC receiverships but has not happened yet in this case. But to cover assets without a buyer and over the advertised $250k limit plus whatever assets can be liquidated is dangerous. Forget the moral hazard arguments everyone is making today, even though they are valid. But consider: what is the limit now? $500k? $5M? And more importantly, who decides what banks and what accounts get what limits? A politician will now make those decisions. And I shouldn't have to elaborate on how dangerous and corrupt that can (will) become. You're just making the relationship between Wall St. and DC more incestuous. Markets can only function efficiently when clear and specific rules and boundaries exist. When lines become gray, when decisions become opaque, markets become increasingly dysfunctional. It also means that the well-connected (rich) gain an advantage because they can buy access to those who make the decisions in the ever growing gray areas, while disadvantaging the smaller participants.

Old_Spice_75

I really don’t think anyone in DC understands business. But, let’s assume they do, and they’re really good at wording for the consumption by the masses.

FeloniousReverend

Because the Republican in charge of Ohio has to declare it a disaster and officially ask for help for DC to be able to do anything? But instead of doing that, he's complaining that he's not getting any help, and apparently, people like you are falling for it?

aljout

Well my company isn't in DC, but my parents have Allstate and they're solid. HMU if you ever move to GA.

Unitedtendies

DC

Alypius754

They're techbro Democrat donors. Why else would DC be spazzing all weekend on this yet do nothing about a disaster in Ohio?

krakends

People like David Sacks acting as if this isn't a bailout. They should have let SIVB fail. People in DC only want to delay the inevitable. Obama, Trump and Biden all want the Fed to keep printing money like there is no tomorrow. Fuck them.

IncomingAxofKindness

Crack is legal in DC

anymanblue92

Absolutely disgusting. Wealthy big tech entrepreneurs and their buddies in DC patting each other in the back right now while us plebs got no such bailout for closed businesses and lost assets during Covid. FJB FJP FJY.

ghygggg

Just curious, where do you live? I had this last night and tons of my neighbors as well...suburban DC here.

Gregg_H

When will you dipshits accept that we are as close to royalty as you can get in the US and we don't operate at the same rules as you do. The government needs us, the entire country needs us - we are the ones driving innovation. If you were smarter you'd be working for FAANG, but you're not and that's why you're going to subsidize our mistakes. It is worth it 100% to bankrupt a few hundred blue collar, broke lower class people if it means that we're still able to enjoy the quality of life that we do. But I do have to say — royalty??? DC doesn’t even consider you to be aristocracy. You are part of the weed-out system that selects for the elite mathematics guys to support the MIC. This is why programming and calculus are taught in high school and double-entry accounting is not. You are a tool. You are as bright as a wheelbarrow. You don’t even know what you are being used for and the fact that you are still working for FAANG for 430k and not consulting for Raytheon for 800k shows us all just how dim you are.

cbusoh66

Every time you hear one of those fuckers in DC talk about how we cannot afford this or pay for that, remember how fast they were able to manufacture $200 billion out of thin air to save a horribly-managed bank.

ImRayShoesmithsSmile

Our JPOW, who art in Washington DC Hallowed be thy name thy tendies come, bears will be done on WSB as they are in Market.

Reggio_Calabria

CNN: Biden supports bailout for millionnaires and hyperinflation for the working class, months before 2024 campaigns kicks in. ^ No one in DC wants this headline.

TorrenceMightingale

You guys are joking but I think this gym and slogan would kill in DC.

CLNEGreen

Some friends of this beautiful couple and other influencers in DC must have uninsured money in this bank

liverpoolFCnut

They will get bailed out again one way or another. It won't be termed as a "bail out" but DC bureaucrats will come up with another alphabet soup to repackage the life vest. At the end of the day while they make us peasants fight over politics and BS cultural wars, our lords and masters along with their corporate overlords are all on the same side irrespective of the color of their capes.

IFromDaFuture

Many small businesses do very well and compensate their employees well without going public. You don't have to IPO to be successful. Unless of course your product is so fucking unproven that you have to go beg other people with money and pray to god that they believe your stupid ass idea and float you and your team while you stick it all in a bank named after a city just as out of touch with reality as DC. 1) People bitch and moan about capitalism but goddamn it just let it work. If you're standing on the sidewalk peddling shit and people don't want to buy your shitty product, then you won't make money. We've spent the last few decades pumping money blindly into worthless shit. A significant amount of companies getting fucked by this have NEVER cleared a profit. Just because you stupid mutha fuckas didn't play lemonade stand on the cool math games website back in the day doesn't mean the rest of us are so intellectually lost. Profit mutha fuck, profit, is needed. If you have no profit, you're being SUBSIDIZED. 2) SVB prided itself on its VC work. It's why people banked with them and they were way too fucking risky. They couldn't fathom that people would stop buying their bullshit when people can't afford eggs, but guess what, that's the free market. Tech got just as fucking stupid as they did in the dot com bubble and that is ON THEM. 3) Let me make this abundantly clear for anyone too poor to know otherwise: stock options are not for you. They are for the benefit of the company. Your comp element is tied to the company just like the CEO. Guess what buddy, you're going down with the ship just like the CEO. Except for that fucker has a personal life raft stocked with chardonnay and your wife. You have a half inflated inner tube and a pack of saltine crackers. 4) Last but not least. Who's going to pay for this? Us again. The citizen. We didn't come up with dumbass ideas that aren't profitable and build a livelihood centered around said idea. Hell, we probably didn't invest in it either. But guess what, they're going to get our money anyways because we will be the ones that bail them out.

Chgralac73

not inflation included, there were no bonus clawbacks, no CEOs got fired, and the banks lobbied DC nicely to give them even more leeway than before

Fantastic_Door_4300

[https://ibb.co/N9Gfj2P](https://ibb.co/N9Gfj2P) US. DC. depeg-aroni'd

tradeintel828384839

The Northeast - DC mob is strong. Control of bot B the press and the economy

PocaMadre69

I’m in DC and I bought a McFlurry last night for $6 and a iced coffee from La Colombe for $8 today

cbusoh66

And so it begins… SVB contributed a ton of money to DC lobbies and politicians over the years, the drum beats will get stronger for a taxpayer bailout because we don’t want a “contagion” Larry Summers is a hack, not saying he’s not right but this is how lobbyists start to drum up support for government intervention. Fuck you Larry!

OmnipresentCPU

I think I was looking at median household income- which isn’t wealth technically. As of 2019 Maryland was ahead (DC first but not a state)

HwangingAround

JPOW smoking a cig behind 10 feet away from a restaurant in DC right now, guaranteed.

Unknownirish

2% is good enough to encourage spending, and economist collectively agree a little bit of inflation is a better alternative than deflation or even stagflation (in other words 0% inflation). I think what gets in the way of macro economists like JPow and Yellen and Allen and Ben Bernarke is the politics that comes out of Washington DC i.e. everyone wants a slice of the pie for themselves, in my opinion.

badgebruce

ummm, but they haven't done a thing in DC.