dismal-jellyfish

dismal-jellyfish

M1 Money Stock Alert! Seasonally Adjusted in June, Demand Deposits down -0.3% (-$60 billion). M1 continues continues to plummet--down -10.2% year-over-year!

M1 Money Stock Alert! Seasonally Adjusted in June, Demand Deposits down -0.3% (-$60 billion). M1 continues continues to plummet--down -10.2% year-over-year!

With the FDIC announcement banks aren't reporting their uninsured deposits correctly, more fuel for the bank run? https://fred.stlouisfed.org/series/M1SL https://www.federalreserve.gov/releases/h6/current/default.htm 1. M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the
dismal-jellyfish ๐Ÿ“š Due Diligence

SEC Chair Gary Gensler in speech: "Hearing from you, the investing public, truly helps us. You better believe weโ€™re hearing from the large broker-dealers and the large trade associations. Itโ€™s good also to hear directly from investors."

https://www.sec.gov/news/speech/gensler-remarks-roundtable-072523 Highlights: * "We have a three-part mission, focused ultimately on making sure that the marketsโ€”broker-dealers, the investment advisers, so-called intermediaries in the middle of the marketโ€”they serve investors like you and issuers raising money in the markets. Itโ€™s not the
dismal-jellyfish ๐Ÿ“ฐ News

SEC Names Natasha Vij Greiner and Keith E. Cassidy Interim Acting Co-Directors of the Division of Examinations, effective immediately, while Division Director Richard Best is on extended medical leave.

Source: https://www.sec.gov/news/press-release/2023-137 The Securities and Exchange Commission today announced that Natasha Vij Greiner and Keith E. Cassidy have been named interim Acting Co-Directors of the Division of Examinations, effective immediately, while Division Director Richard Best is on extended medical leave from the agency. โ€œMy
dismal-jellyfish ๐Ÿงฑ Market Reform

Notice of Filing of Proposed Rule Change to Amend and Restate the Cross-Margining Agreement between FICC and CME. Exhibit 3 (Updated Agreement) [REDACTED].

https://www.sec.gov/rules/sro/ficc/2023/34-97969.pdf * On July 17, 2023, the Fixed Income Clearing Corporation (FICC) proposed a rule change (SR-FICC2023-010) to the Securities and Exchange Commission (SEC). * This proposal involves an Amended and Restated Cross-Margining Agreement between FICC and the Chicago Mercantile Exchange Inc. (CME)
dismal-jellyfish ๐Ÿงฑ Market Reform
Federal Reserve announces consent order & $268.5 million fine with UBS Group AG, of Zurich, Switzerland, for misconduct by Credit Suisse. The misconduct involved Credit Suisse's unsafe & unsound counterparty credit risk management practices with Archegos.

Federal Reserve announces consent order & $268.5 million fine with UBS Group AG, of Zurich, Switzerland, for misconduct by Credit Suisse. The misconduct involved Credit Suisse's unsafe & unsound counterparty credit risk management practices with Archegos.

https://www.federalreserve.gov/newsevents/pressreleases/files/enf20230724a1.pdf The Federal Reserve Board on Monday announced a consent order and a $268.5 million fine with UBS Group AG, of Zurich, Switzerland, for misconduct by Credit Suisse, which UBS subsequently acquired in June 2023. The misconduct involved Credit Suisse'
dismal-jellyfish ๐Ÿ“ฐ News

Inflation Alert! It looks like the Fed's favorite tool to control inflation (interest rate hikes) is breaking from all the times the Fed's thumb has been put on the scale.

Good evening Suprestonk! I would like to review some data with you to show that interest rate hikes are not working. What we are going to review: 1. Initial Jobless Claims 2. Retail Sales are still going up and Consumers are still spending 3. Corporate Interest Payments Before we dive
dismal-jellyfish ๐Ÿ“š Due Diligence