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Forum
-> Household Management
-> Finances
amother
OP
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Tue, Mar 14 2023, 1:45 pm
Why didnt Bauer Financial predict and downgrade bank ratings of banks that fell?
Trouble didnt happen overnight.
What are their star ratings worth if Signature had 4/5 stars (4 or 5 out of 5 is an amazing rating according to Bauer Financial) the week they fell?
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NotInNJMommy
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Tue, Mar 14 2023, 1:51 pm
It's important to understand what composite rating indices are based on. ie. Which particular characteristics or metrics.
If one understands that index's bases, then they can appreciate the rating for what it is.
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amother
OP
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Tue, Mar 14 2023, 1:55 pm
Did anyone's rating predict trouble with fallen banks??????
If not, theyre all worthless.
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NotInNJMommy
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Tue, Mar 14 2023, 1:58 pm
amother OP wrote: | Did anyone's rating predict trouble with fallen banks??????
If not, theyre all worthless. |
I think that's a little extreme. One has to use indices and ratings understanding how they are calculated and what they can and can't indicate. They may still have worth and use even if they don't predict certain aberrations.
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amother
OP
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Tue, Mar 14 2023, 2:25 pm
I got my answer thanks to Google:
For nearly 2 months, a short seller was warning on Twitter that Silicon Valley Bank was about to blow up. ‘It was sitting there in plain sight.’
https://fortune.com/2023/03/10.....nths/
If Bauer didnt downgrade their ratings of the fallen banks, and all banks connected to it, they werent being conscientious and honest.
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paperflowers
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Tue, Mar 14 2023, 2:29 pm
I know of at least one business that had an idea of where this was heading and was able to get their money out of SVB in time.
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amother
OP
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Tue, Mar 14 2023, 2:31 pm
paperflowers wrote: | I know of at least one business that had an idea of where this was heading and was able to get their money out of SVB in time. |
You have any idea what their source was?
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paperflowers
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Tue, Mar 14 2023, 2:40 pm
amother OP wrote: | You have any idea what their source was? |
I heard they were advised by their investors to pull out. Probably someone like in the article you linked to above.
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amother
Birch
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Tue, Mar 14 2023, 2:43 pm
Most of these are owned and paid to predict whatever benefits the hedge funds and bankers.
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amother
Snapdragon
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Tue, Mar 14 2023, 2:43 pm
There was an amother in finance on here making warnings a few weeks or months ago about some sort of depression/collapse. I wonder if she knew.
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amother
Birch
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Tue, Mar 14 2023, 2:56 pm
amother Snapdragon wrote: | There was an amother in finance on here making warnings a few weeks or months ago about some sort of depression/collapse. I wonder if she knew. |
Hi!
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amother
Snapdragon
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Tue, Mar 14 2023, 2:58 pm
Wow. So this is what you were predicting?
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amother
Birch
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Tue, Mar 14 2023, 3:10 pm
Yes and everyone thought I'm crazy.
This is just the beginning.
H' should watch over all of us and may no one go hungry or homeless.
Whatever level of hishtadlus you think you need to do please do.
Everyone laughed at me 2 yrs ago when I worried about hyperinflation. Look where we are now. Stock up on groceries and toiletries before they get more expensive.
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paperflowers
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Tue, Mar 14 2023, 3:26 pm
amother Birch wrote: | Yes and everyone thought I'm crazy.
This is just the beginning.
H' should watch over all of us and may no one go hungry or homeless.
Whatever level of hishtadlus you think you need to do please do.
Everyone laughed at me 2 yrs ago when I worried about hyperinflation. Look where we are now. Stock up on groceries and toiletries before they get more expensive. |
Do you see any way out? Are there steps individuals, companies, or the government can take to prevent the doomsday scenario you predict?
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amother
Olive
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Tue, Mar 14 2023, 3:28 pm
amother Birch wrote: | Yes and everyone thought I'm crazy.
This is just the beginning.
H' should watch over all of us and may no one go hungry or homeless.
Whatever level of hishtadlus you think you need to do please do.
Everyone laughed at me 2 yrs ago when I worried about hyperinflation. Look where we are now. Stock up on groceries and toiletries before they get more expensive. |
We're not experiencing hyperinflation.
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amother
Mintgreen
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Tue, Mar 14 2023, 3:30 pm
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amother
Birch
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Tue, Mar 14 2023, 3:33 pm
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amother
Birch
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Tue, Mar 14 2023, 3:35 pm
Nothing. I've been reading stuff from brilliant people. So far everything I've read since 2yrs ago has been true. All of this has been accurately predicted.
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amother
Olive
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Tue, Mar 14 2023, 3:35 pm
so so far - your predictions are just that.
Is Credit Suisse the next to fall?
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amother
Birch
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Tue, Mar 14 2023, 3:37 pm
amother Olive wrote: | so so far - your predictions are just that.
Is Credit Suisse the next to fall? |
Credit suisse is in over its head due to swaps. They've been heading down this path for the last year already.
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