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Federal Reserve Alert! Q3 Report on Household Debt and Credit: The 15 percent year-over-year increase in credit card balances marked the largest in more than 20 years.

Source: https://www.newyorkfed.org/medialibrary/interactives/householdcredit/data/pdf/HHDC_2022Q3 Household Debt Rises to $16.51 Trillion on Higher Mortgage, Credit Card Balances Total household debt rose by $351 billion, or 2.2 percent, to reach $16.51 billion in the third quarter of 2022, according to the
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

Federal Reserve Alert! Governor Christopher J. Waller: 'I cannot emphasize enough that one report does not make a trend.' 'I believe that policy is barely in restrictive territory today, so more interest rate hikes are needed to get inflation down.'

Source: https://www.federalreserve.gov/newsevents/speech/waller20221116a.htm Thank you, Dean Kadan, and thank you for the opportunity to speak today about the outlook for the U.S. economy and the implications for the Federal Reserve's ongoing fight to reduce inflation. I will begin with some comments
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

foobar on Twitter: It is not irresponsible to loudly encourage people to withdraw their money from exchanges at the first sign of trouble. It's one of the most responsible things you can do.

foobar on Twitter: It is not irresponsible to loudly encourage people to withdraw their money from exchanges at the first sign of trouble. It's one of the most responsible things you can do. If this causes a failure because the exchange was operating on fractional reserves, better now
dismal-jellyfish ๐Ÿ“ณ Social Media

foobar on Twitter: Exchanges should not be in the business of credit creation. While tradfi banks can expand or contract the money supply, exchanges have no such power.

Source: https://twitter.com/0xfoobar/status/1592183723956572161 foobar on Twitter: Exchanges should not be in the business of credit creation. While tradfi banks can expand or contract the money supply, exchanges have no such power. There are only 19.2 million BTC, only 120.5 million ETH. Any supply changes
dismal-jellyfish ๐Ÿ“ณ Social Media