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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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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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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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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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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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