Liquidity Fairy Alert! It just keeps going up... Bank Term Funding Program usage above $100B for the 12th consecutive week ($107.386B vs $107.242B 8/17).
An over reliance on central bank funding that is growing faster than the rate of inflation, BTFP is a moral hazard!
Hello & HAPPY just about Friday Superstonk!
Borrowing from the Bank Term Funding Program hit a NEW all time high--the 12th consecutive week above $100 billion!
What we are