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NY Fed August 2023 Survey of Consumer Expectations: "job loss expectations rose sharply to its highest level since April 2021."

NY Fed August 2023 Survey of Consumer Expectations: "job loss expectations rose sharply to its highest level since April 2021."

TLDRS: Households right now: * Income growth perceptions declined in August, and job loss expectations rose sharply to its highest level since April 2021. * Perceptions about current credit conditions and expectations about future conditions both deteriorated. * Householdsโ€™ perceptions about their current financial situations and expectations for the future also deteriorated. Wut
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics
"Similar to the role of securitization during the GFC, tokenization can potentially disguise riskier or illiquid reference assets as safe and easily tradeable, possibly encouraging higher leverage and risk-taking."

"Similar to the role of securitization during the GFC, tokenization can potentially disguise riskier or illiquid reference assets as safe and easily tradeable, possibly encouraging higher leverage and risk-taking."

TLDRS: Are the authors from the Fed saying the quite part out loud? Tokenized GME can potentially disguise riskier or illiquid reference assets as safe and easily tradeable, possibly encouraging higher leverage and risk-taking?!?!?!?! * "Finally, similar to the role of securitization during the GFC, tokenization can potentially disguise riskier
dismal-jellyfish ๐Ÿค” Speculation / Opinion
Bank Run Alert! $70 billion withdrawn from commercial banks last week (8/23-8/30). $889 billion in deposits has been pulled since the all time hit 4/13/22. It looks like the bank run is back to picking up speed!

Bank Run Alert! $70 billion withdrawn from commercial banks last week (8/23-8/30). $889 billion in deposits has been pulled since the all time hit 4/13/22. It looks like the bank run is back to picking up speed!

TLDRS: * Folks have pulled $889 billion in deposits since 4/13/2022 * Folks have pulled $421 billion in deposits since 2/22/2023 * Folks have pulled $70 billion in deposits in the last week. * Borrowing from the liquidity fairy via BTFP continues to make up for a shrinking M2 and
dismal-jellyfish
Fed's Michael S. Barr "We continue to speak to a broad range of stakeholders and conduct basic research in emerging technologies that might support a CBDC payments backbone, or for other purposes in the existing payments system."

Fed's Michael S. Barr "We continue to speak to a broad range of stakeholders and conduct basic research in emerging technologies that might support a CBDC payments backbone, or for other purposes in the existing payments system."

TLDRS: * More talk of CBDC Highlights: "We continue to speak to a broad range of stakeholders and conduct basic research in emerging technologies that might support a CBDC payments backbone, or for other purposes in the existing payments system." * "For example, the Fed's CBDC research
dismal-jellyfish ๐Ÿ“ฐ News
Banks unrealized losses on held-to-maturity securities totaled $309.6 billion in the 2nd quarter, while unrealized losses on available-for-sale securities totaled $248.9 billion.

Banks unrealized losses on held-to-maturity securities totaled $309.6 billion in the 2nd quarter, while unrealized losses on available-for-sale securities totaled $248.9 billion.

Source: https://www.fdic.gov/analysis/quarterly-banking-profile/qbp/2023jun/qbp.pdf Post with more information: https://www.reddit.com/r/Superstonk/comments/16ciko6/unrealized_losses_on_securities_totaled_5584/ TLDRS: * Unrealized losses on securities totaled $558.4 billion in the 2nd quarter, up $42.9 billion (8.3%) from the
dismal-jellyfish ๐Ÿ“Š Data
Hedgies R Fuk Alert! July was the 14th consecutive month of net outflows for the hedge fund industry. Investors removed an estimated net $5.6 billion from hedge funds in July.

Hedgies R Fuk Alert! July was the 14th consecutive month of net outflows for the hedge fund industry. Investors removed an estimated net $5.6 billion from hedge funds in July.

TLDRS: * July was the 14th consecutive month of net outflows for the hedge fund industry. Investors removed an estimated net $5.6 billion from hedge funds in July. * June 2023 witnessed the 13th straight month of net outflows in the hedge fund industry, with an estimated net $13.12 billion
dismal-jellyfish ๐Ÿ“ฐ News