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Mar 28, 2023Liked by steve

'I love the smell of consolidation in the morning ... someday this is going to end'

https://www.youtube.com/watch?v=vRp7tYWnJJs

If you look closely in the background there is a line of small local banks being lined up for consolidation, or, is it a line of foreign banks with branches in the US lining up at a deposit window? IDK, but, when betting on the winner(s) in a snake pit it makes sense to bet on the largest (harder to swallow) reptiles. As there are still ~4000 mostly small locals left in the US it should be quite the reptilian smorgasbord. What I wish I knew was how the pit-masters are going to tilt the odds. Towards the larger regionals with enough tidbits to placate the systemics? KBWB dip seems to be within range of a reasonable risk for 3 to 5 year timeframe assuming only total return.

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I think I meant to say discount window. Humor is seriously hard, but, as should be obvious, my lack of knowledge and experience in FI does help.

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