Dismal's Smacks

🌙 ☀️

Sign in Subscribe

Latest

Cost of doing business? Wells Fargo penalties: $3.7 billion in 2022 for consumer abuses, $3 billion in 2020 for fraud, $2 billion in 2018 for toxic securities abuses, $1.9 billion in 2013 for banking violations, $5.3 billion in 2012 for mortgage abuses.

Source: https://violationtracker.goodjobsfirst.org/?parent=wells-fargo&order=penalty&sort=desc

Inflation Alert! Bank of Japan when raising interest rates today: 'The functioning of bond markets has deteriorated, particularly in terms of relative relationships among interest rates of bonds with different maturities and arbitrage relationships..."

Inflation Alert! Bank of Japan when raising interest rates today: 'The functioning of bond markets has deteriorated, particularly in terms of relative relationships among interest rates of bonds with different maturities and arbitrage relationships between spot and futures markets.' Source: https://www.boj.or.jp/en/announcements/release_

Inflation Alert! Fresh off yesterday's report that confidence among homebuilders plummeted for a record 12th month in December, U.S. single-family homebuilding dropped to a 2.5-year low in November and permits for future construction nose dived.

Source: https://www.census.gov/construction/nrc/pdf/newresconst.pdf Fresh off yesterday's report that confidence among homebuilders plummeted for a record 12th month in December, U.S. single-family homebuilding dropped to a 2.5-year low in November and permits for future construction nose dived. 2022 United States

Whistleblower Alert! SEC Awards More Than $37 Million to Whistleblower

Source: https://www.sec.gov/news/press-release/2022-231 The Securities and Exchange Commission today announced an award of more than $37 million to a whistleblower whose information led to a successful SEC enforcement action and a related action. The whistleblower was the initial source of the company’s internal investigation,

NSCC Alert! 'idiosyncratic risks' mentioned 19 TIMES!!! in proposed rules to mitigate against what they call 'idiosyncratic risks that are presented by portfolios that meet the concentration threshold, including the risks related to gap risk events

NSCC Alert! 'idiosyncratic risks' mentioned 19 TIMES!!! in proposed rules to mitigate against what they call 'idiosyncratic risks that are presented by portfolios that meet the concentration threshold, including the risks related to gap risk events that are not driven by issuer events.' Reposting as this

Builder confidence in the market for newly built single-family homes posted its 12th straight monthly decline in December, dropping two points to 31, according to data released today. This is the lowest confidence reading since mid-2012

Source: https://www.nahb.org/news-and-economics/press-releases/2022/12/reflecting-a-weakening-housing-market-builder-confidence-declined-every-month-in-2022 High mortgage rates, elevated construction costs running well above the inflation rate and flagging consumer demand due to deteriorating affordability conditions have dragged builder sentiment down every month in 2022. Builder confidence in the market for newly built single-family homes

U.S. Economic Calendar Alert! (December 19th - December 23rd): This Week's Major U.S. Economic Reports, Fed Speakers, and Statements

Good morning and happy Monday r/superstonk, I hope everyone had a terrific weekend! Please check back as this post will be updated as these indicators are released. If you would like to review last week's calendar, it can be viewed here. Thanks and I hope everyone has