Sign in Subscribe

Latest

Inflation Alert! It looks like the Fed's favorite tool to control inflation (interest rate hikes) is breaking from all the times the Fed's thumb has been put on the scale.

Good evening Suprestonk! I would like to review some data with you to show that interest rate hikes are not working. What we are going to review: 1. Initial Jobless Claims 2. Retail Sales are still going up and Consumers are still spending 3. Corporate Interest Payments Before we dive
dismal-jellyfish ๐Ÿ“š Due Diligence
Liquidity Fairy Alert! Bank Term Funding Program usage rose this week ($102.927B vs $102.305B on 7/12), marking the 7th straight week over $100B. It's looking more and more like there's an over-reliance on Fed Funding.

Liquidity Fairy Alert! Bank Term Funding Program usage rose this week ($102.927B vs $102.305B on 7/12), marking the 7th straight week over $100B. It's looking more and more like there's an over-reliance on Fed Funding.

I believe this be a moral hazard. Good afternoon Superstonk, I hope everyone's day is going well--it's almost Friday! Borrowing from the Bank Term Funding Program is on the increase again! What we are monitoring: 1. Bank Term Funding Program (BTFP) 2. Discount Window/Primary Credit
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

OPEN meeting Wednesday July 26, 2023 at 10 a.m. SEC to consider whether to propose new and amended rules relating to conflicts of interest associated with broker-dealersโ€™ use of predictive data analytics in connection with certain investor interactions.

Source: https://public-inspection.federalregister.gov/2023-15664.pdf MATTERS TO BE CONSIDERED: 1. The Commission will consider whether to adopt rules to enhance and standardize disclosures regarding cybersecurity risk management, strategy, governance, and incidents by public companies that are subject to the reporting requirements of the Securities Exchange Act of 1934.
dismal-jellyfish ๐Ÿงฑ Market Reform

OPEN meeting 1:00 p.m. on Thursday, July 27, 2023 to discuss proposed rules to implement the Basel III endgame agreement for large banks and adjustments to the surcharge for U.S. global systemically important banks.

Source: https://public-inspection.federalregister.gov/2023-15657.pdf FDIC Chair Martin Gruenberg spoke about this the other day: https://www.fdic.gov/news/speeches/2023/spjun2223.html Wut mean?: After the 2008 financial crisis, banks were found to be undercapitalized and over-leveraged, leading to a complete overhaul of capital requirements through
dismal-jellyfish ๐Ÿ“ฐ News
Gary Gensler's Testimony to the Appropriations Committee About the 2024 Budget Request of $2.436B (Congress Funded at $2.364 billion). Staffing Surpassing 7-Year Levels, 35K+ Tips in 2022 (Double from 2016).

Gary Gensler's Testimony to the Appropriations Committee About the 2024 Budget Request of $2.436B (Congress Funded at $2.364 billion). Staffing Surpassing 7-Year Levels, 35K+ Tips in 2022 (Double from 2016).

Source: https://www.sec.gov/news/testimony/gensler-testimony-fsgg-subcommittee-senate-appropriations-committee-071923 Full-time equivalents (FTEs) at the SEC and in individual Divisions. Overall SEC FTEs include all Offices and Divisions. Budget Request * FY 2024 request of $2.436 billion for SEC operations. * The bulk of the increase would be to support currently authorized staffing
dismal-jellyfish ๐Ÿ“ฐ News
Federal Reserve Alert! Federal Reserve announces that its new system for instant payments, the FedNowยฎ Service, is now live. What Is It, and What Does It Do?

Federal Reserve Alert! Federal Reserve announces that its new system for instant payments, the FedNowยฎ Service, is now live. What Is It, and What Does It Do?

Source: https://www.federalreserve.gov/newsevents/pressreleases/other20230720a.htm The Federal Reserve on Thursday announced that its new system for instant payments, the FedNowยฎ Service, is now live. Banks and credit unions of all sizes can sign up and use this tool to instantly transfer money for their customers, any
dismal-jellyfish ๐Ÿ“ฐ News