Dismal's Smacks

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Inflation Alert! Fed Governor Lisa Cook: "the inflation picture is less favorable than it appeared earlier this year. Part of the encouraging disinflation initially observed in the fourth quarter of last year was revised away..."

Lisa Cook: "the inflation picture is less favorable than it appeared earlier this year. Part of the encouraging disinflation initially observed in the fourth quarter of last year was revised away, while inflation over the first two months of this year came in high." Source: https://www.federalreserve.

Fed Report: "Despite generally strong conditions, Council members reported stark differences in economic impact between the “haves” and the “have nots.”"

"Wealthier parts of their markets are not yet slowed by inflationary pressures, while lower-income households are feeling the squeeze." Source: https://www.federalreserve.gov/aboutthefed/files/CDIAC-meeting-20221117.pdf Community Depository Institutions Advisory Council: The Community Depository Institutions Advisory Council (CDIAC) was established in 2010 by the Board of

Whistleblower Alert! SEC Awards More Than $12 Million to Two Whistleblowers. Whistleblower 1 prompted the opening of the investigation and provided information on violations that would otherwise have been difficult to detect.

SEC Order: Press Release: The Securities and Exchange Commission today announced awards of more than $12 million to two whistleblowers who provided information and assistance in a successful SEC enforcement action. The first whistleblower prompted the opening of the investigation and provided information on violations that would otherwise have been

Inflation Alert! The Fed’s Preferred inflation metric dropped a little. However, PCE Price Index for services rose 5.7%. Remember, Nearly 2/3 of consumer spending goes into services!

While Corporate Media will trumpet the decline in goods prices, inflation is RAGING and showing no signs of slowing. Before we get into the number, Governor Philip N. Jefferson's recent speech does a pretty good job level setting PCE price index for those wondering what it is: Different

Federal Reserve Alert! Governor Christopher J. Waller in speech 'The Unstable Phillips Curve': "When Central Bank promises are credible, the Phillips curve should be relatively flat. Since January 2022, the Phillips curve is essentially vertical."

Good evening and Happy Friday Superstonk, resident jellyfish back with this interesting nugget. Let's get to it! Federal Reserve Governor Christopher J. Waller At the Macroeconomics and Monetary Policy, a conference sponsored by the Federal Reserve Bank of San Francisco, San Francisco, California Source: https://www.federalreserve.gov/

SEC Alert! Commissioner Caroline A. Crenshaw: "the dominance of a handful of large market-makers internalizing orders, and conflicts of interest between market intermediaries and their customers – are even more pronounced in the options markets."

Options markets account for 65% of PFOF payments. Fixed Income and Options: The Other Market Structures Remarks at the Fixed Income Forum Spring Roundtable: https://www.sec.gov/news/speech/crenshaw-remarks-fixed-income-forum-spring-roundtable-033023 This speech is long but worth the read. I am going to attempt to chop up the two main

Not a 'bailout'! $388.2475 billion in liquidity: A review of the tools the Fed is leveraging to provide banks liquidity while we get rate hikes.

Good afternoon Superstonk, resident jellyfish back with you for another review. Let's get to it! This week's Fed balance Sheet: https://www.federalreserve.gov/releases/h41/20230330/ What we are monitoring: * Discount Window/Primary Credit * Central Bank Liquidity Swaps * Bank Term Funding Program (BTFP) * “Other credit