Dismal's Smacks

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dismal-jellyfish

The Debt Time Bomb is Ticking: Rising Delinquencies, Soaring Bankruptcies, and the Looming Detonation of Student Loans

Source: https://abi.org/newsroom/press-releases/commercial-chapter-11-filings-increased-68-percent-in-the-first-half-of-2023 The 2,973 total commercial chapter 11 bankruptcies filed during the first six months of 2023 represented a 68 percent increase over the 1,766 filed during the same period in 2022, according to data provided by Epiq Bankruptcy, the leading provider of

A review of UBS's FINRA 'discipline': UBS found to have inadequate short selling supervision & system flaws exploited--fueling potential naked shorting and abuse in GameStop.

Penalty? Not having to admit or deny the findings, a censure, and $2.5 million fine https://www.finra.org/sites/default/files/fda_documents/2016050211701%20UBS%20Securities%20LLC%20CRD%207654%20AWC%20Final%20geg%20%282022-1667434816509%29.pdf Hello Superstonk, I hope everyone is enjoying a great start to the

CFTC Approves Trading of Certain Overnight Index Swaps: A New Layer of Transparency? and Its Potential Ripple Effects on GME

Source: https://www.cftc.gov/PressRoom/PressReleases/8745-23 Wut mean? * The Commodity Futures Trading Commission (CFTC) has approved a made-available-to-trade (MAT) determination submitted by TW SEF LLC for certain U.S. Dollar (USD) Secured Overnight Financing Rate (SOFR) overnight index swaps (OIS) and Pound Sterling (GBP) Sterling Overnight Index Average

Holy cow, FINRA ACTUALLY expelled a member!! Monmouth Capital Management LLC. Monmouth excessively traded 110 accounts: "Over a 20-month period, Monmouth effected 61 trades in the 13-year old’s account

https://www.finra.org/sites/default/files/fda_documents/2022076459303%20Monmouth%20Capital%20Management%20LLC%20CRD%20290248%20AWC%20vr.pdf Good evening Superstonk and Happy weekend!! I would like to share some more FINRA 'discipline' with y'all--this one is 'real'. As these releases convey a

SEC Commissioner Mark T. Uyeda is "disappointed that the SEC staff has decided not to extend the MiFID II Relief".

MiFID II Relief, allowed broker-dealers to receive separate payments for research without being subjected to regulation as investment advisers. This relief expired on July 3, 2023. Source: https://www.sec.gov/news/statement/uyeda-statement-staff-no-action-letter-07-05-2023 https://www.sec.gov/news/statement/uyeda-statement-staff-no-action-letter-07-05-2023 Wut Mean? Mark is big mad regarding the expiration

Inflation Alert! Today's BLS report combined with the ADP jobs report & initial jobless claims reports provide a comprehensive view of the current employment and wage situation.

Currently, Employment & Wages are strong (wage growth well above the Fed's 'acceptable' 2%)--fuel for a July rate hike. source: https://www.bls.gov/news.release/pdf/empsit.pdf Wut Mean? In June, the U.S. economy added 209,000 jobs, and the unemployment rate

Sliding Commercial and Industrial Loans and the Bank Term Funding Program: How the Fed's Two-Tiered System is Distorting Idiosyncratic Risk in the Market and Setting Us on a Risky Path Towards Moral Hazard.

Good evening Superstonk, I hope everyone is enjoying a wonderful Friday evening! Reminder, while banks have the liquidity fairy, 'we' get the promise of 2 more rate hikes this year, Atlanta Fed President Raphael Bostic yet again enrichens himself inappropriately from his position. What I want to talk