Yellen today: We are not considering insuring all uninsured bank deposits. Powell, at the exact same time: Depositors should assume that their deposits are safe.
Yesterday she said: the US financial system is safest and most liquid in the world. Read more: unusualwhales.com/news/yellen-we…
@unusual_whales Feels like they do it on purpose 😬
@unusual_whales At least they're on the same page
@unusual_whales And tomorrow they will say something different
@unusual_whales 😐 neutral or nitrogen talkshow
@unusual_whales Translations: Yellen: Large investors are moving to big banks. That's who we care about and they're all insured. Powell: Assume your deposits are safe because they're safe until they're not. If we can all pretend we're safe, then we'll all be safe.
@unusual_whales It's a stealth financial crisis!! Buy bitcoin, get them off the exchanges and chill 😎 👌
@unusual_whales @BillAckman They are not coordinated. They don’t have a plan. Doesn’t seem like they even understand the problem. We are screwed.