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Total household debt rose by $148 billion, or 0.9 percent, to $17.05 trillion in the first quarter of 2023. Mortgage balances climbed by $121 billion and stood at $12.04 trillion at the end of March.

Auto loan and student loan balances also increased to $1.56 trillion and $1.60 trillion. HOUSEHOLD DEBT AND CREDIT REPORT (Q1 2023) https://www.newyorkfed.org/microeconomics/hhdc.html Total household debt rose by $148 billion, or 0.9 percent, to $17.05 trillion in the first quarter of
dismal-jellyfish ๐Ÿ“Š Data

CFTC Commissioner Pham Announces Proposed Work Program for CFTC Global Markets Advisory Committee and Seeks PUBLIC Input by May 30.

Topics include: derivatives market reform, recommendations on regulation of NFTs, recommendations to improve trade reporting for swaps market oversight. Source: https://www.cftc.gov/PressRoom/PressReleases/8703-23 Commissioner Caroline D. Pham announced today the 2023-2025 proposed work program for the Commodity Futures Trading Commissionโ€™s Global Markets Advisory Committee (GMAC)
dismal-jellyfish ๐Ÿงฑ Market Reform

Inflation Alert! The purchasing power of the dollar continues to VANISH! In April, the purchasing power of $100 in January 2000 is $55.70 (down $.20 from March).

Remember, CPI tracks the loss of the purchasing power of your dollars, and thereby the purchasing power of your hard earned labor. Source: https://fred.stlouisfed.org/series/CUUR0000SA0R Let's zoom in on this since 2020: YOWSERS!!! CPI tracks the loss of the purchasing power of your dollars,
dismal-jellyfish ๐Ÿ“Š Data

Inflation Alert! Fed Governor Philip N. Jefferson: "if you are willing to widen your lens to include a more commonplace definition, then it is possible to conclude that current monetary policy is, in fact, "on track.""

"The bad news is that there has been little progress on core inflation." https://www.federalreserve.gov/newsevents/speech/jefferson20230512a.htm On the Assessment of Current Monetary Policy Governor Philip N. Jefferson At the "How to Get Back on Track: A Policy Conference," Hoover Institution, Stanford,
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

$13 billion withdrawn commercial banks in the last week (April 27th-May 3rd). Since 2/22/2023, $540billion in deposits have been pulled. $1,008 billion in deposits has been pulled in the last year. It looks like the Bank run is back on

https://fred.stlouisfed.org/series/DPSACBW027SBOG Domestically chartered commercial banks divested $87 billion in assets to nonbank institutions in the week ending March 29, 2023. The major asset item affected was the following: securities, $87 billion. Domestically chartered commercial banks divested $87 billion in assets to nonbank institutions in the
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

CFTC Alert! CFTC Orders HSBC to Pay a $30 Million Penalty for Recordkeeping and Supervision Failures for Widespread Use of Unapproved Communication Methods.

HSBC admitted their employees often communicated โ€œoff-channelโ€ about securities business matters on their personal devices, using WhatsApp. Source: https://www.cftc.gov/PressRoom/PressReleases/8701-23 The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against HSBC Bank USA, N.A., a provisionally registered swap dealer,
dismal-jellyfish ๐Ÿ“ฐ News