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03-12-2023, 03:32 PM #1
Reputation points: 31326
- Join Date
- Apr 2018
- Posts
- 178
Bloodbath Coming?
Just my thoughts:
This week will be a bloodbath. All of your merchants will panic and withdraw all their cash from their banks. Accounts will close and your daily or weekly MCA payment will not last long.
I was going through my inbox of any deals with SVB bank statements and I found some pretty big files with a few large positons. I doubt those will ever be paid again.
First republic is on the edge and I personally have a couple of merchant using them.
There is no telling how bad it will be but it may be unprecedented.
SVB was a different animal entirely as to why it collapsed but with the current ecomcomy and the retail investor shorting eveything under the sun, its a recipe for a disaster.
Buckle up. It may be a crazy MF-KING week.
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