Dismal's Smacks

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CFTC Alert! CFTC OPENS public comment on the proposed renewal of a collection of Swaps-Records of Transactions information by the agency.

Source: https://public-inspection.federalregister.gov/2023-07912.pdf Background: * Adaptation of Regulations to Incorporate Swaps-Records of Transactions; Exclusion of Utility Operations Related Swaps with Utility Special Entities from De Minimis Threshold for Swaps with Special Entities (OMB Control No. 3038-0090). * This is a request for extension of a currently approved information

CFTC Alert! OPEN for comment, CFTC proposing to amend its derivatives clearing organization (DCO) risk management regulations to permit futures commission merchants that are clearing members to treat the separate accounts of a single customer as accounts

source: https://public-inspection.federalregister.gov/2023-06248.pdf Summary: * The Commodity Futures Trading Commission (Commission or CFTC) is proposing to amend its derivatives clearing organization (DCO) risk management regulations adopted under the Commodity Exchange Act (CEA) to permit futures commission merchants (FCMs) that are clearing members (clearing FCMs) to treat the

Inflation Alert! The purchasing power of the dollar continues to VANISH! In March, the purchasing power of $100 in January 2000 was $55.90.

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#0 CPI tracks the loss of the purchasing power of your dollars, and thereby the purchasing power of your hard earned

Fed Staff Staff Economic Outlook 3/21/23: "Given their assessment of the potential economic effects of the recent banking-sector developments, the staff's projection at the time of the March meeting included a mild recession starting later this year"

Good evening Superstonk, jellyfish back with you! The FOMC minutes dropped a doozie of a quote today. In light of that, I thought it would be interesting to review what folks have been saying and doing since this meeting occurred last month. Let's get to it! 3/21/

FDIC Alert! Vice Chairman Travis Hill in speech: "They say that central banks raise rates until something breaks, and that monetary policy works less like a scalpel and more like a sledgehammer."

"As the tide goes out, and the punchbowl gets pulled away, margin of error shrinks across the board." Recent Bank Failures and the Path Ahead by Travis Hill, Vice Chairman Federal Deposit Insurance Corporation https://www.fdic.gov/about/travis-hill Source: https://www.fdic.gov/news/speeches/2023/

Federal Reserve Alert! Minutes of the Federal Open Market Committee March 21–22, 2023

Source: https://www.federalreserve.gov/monetarypolicy/fomcminutes20230322.htm Recent Developments in the Banking Sector: * Before turning to other agenda items, the Chair asked the Vice Chair for Supervision to provide an update on recent developments in the banking sector. * The Vice Chair for Supervision described the developments, including those at

Swiss Parliament Rejects $129.82 Billion Aid For Credit Suisse-UBS Merger. While the upper house had approved the government's contribution to the rescue package, parliament's lower, and larger chamber, pushed back again on Wednesday.

Source: https://www.ndtv.com/world-news/swiss-parliament-rejects-129-82-billion-aid-for-credit-suisse-ubs-merger-3943095 Switzerland's parliament rejected on Wednesday the government's 109 billion Swiss francs ($120.82 billion) aid for Credit Suisse's merger with UBS, leaving the fallen bank's hastily arranged rescue without a largely symbolic parliamentary blessing. While