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In May, consumer credit (AKA DEBT) increased at a seasonally adjusted annual rate of 1.8%. Revolving credit (credit cards) increased at an annual rate of 8.2%, nonrevolving credit (student loans, mortgages) decreased at an annual rate of 0.4 percent.

Total outstanding hit new all time high $4,864.9B https://www.federalreserve.gov/releases/g19/current/default.htm https://fred.stlouisfed.org/series/TOTALSL https://fred.stlouisfed.org/series/REVOLSL https://fred.stlouisfed.org/series/NONREVNS Wut mean? * Total consumer credit increased at an annual rate of 1.8%
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

Federal Reserve Alert and Government in the Sunshine Meeting Notice Alert! Closed Board Meeting on July 12, 2023 at 10 a.m. Matter(s) to be Considered: Periodic Briefing and Discussion on Financial Markets, Institutions, and Infrastructure.

Source: https://www.federalreserve.gov/aboutthefed/boardmeetings/20230712closed.htm Closed Board Meeting on July 12, 2023 Matter(s) to be Considered: Periodic Briefing and Discussion on Financial Markets, Institutions, and Infrastructure. Wut mean? (a guess) A briefing on the financial markets (any marketplace where the trading of securities occurs, including
dismal-jellyfish ๐Ÿงฑ Market Reform

Inflation Alert! June 2023 Survey Reveals Surveyed Consumers Have: Falling Short-Term Inflation Expectations, Holding steady in the Mid-Term but Rising Long-Term, Rising Home Prices, and improving Consumer Financial Outlooks.

https://www.newyorkfed.org/newsevents/news/research/2023/20230710 Wut mean? The June 2023 Survey of Consumer Expectations shows some interesting trends about inflation and home prices. The survey shows that people expect inflation to decrease in the short term (one year ahead), stay the same in the medium term
dismal-jellyfish ๐Ÿ“š Due Diligence

FINRA 'Discipline' Alert! Citigroup Violates Rule 606, Over-reports Non-Directed Orders for Six Years (2012-2018), Fails to Maintain Supervisory System for Nine Years (2012-2021). Their Penalty? They received a censure and a $100,000 fine

Source: https://www.finra.org/sites/default/files/fda_documents/2019063024201%20Citigroup%20Global%20Markets%20Inc.%20CRD%207059%20AWC%20lp%20%282022-1671322798409%29.pdf Good morning Superstonk, I hope everyone had a GREAT weekend! I would like to share some more FINRA 'discipline' with y'all, this time
dismal-jellyfish ๐Ÿ“š Due Diligence

FINRA 'Discipline' Alert! Unraveling How Scotia Capital (USA) Over-reported Short Interest Positions by 130 Million Shares from July 2017 thru June 2019. Their Penalty? They received a censure and a $300,000 fine, without having to admit or deny findings

https://www.finra.org/sites/default/files/fda_documents/2019061945201%20Scotia%20Capital%20%28USA%29%20Inc.%20CRD%20No.%202739%20AWC%20gg%20%282022-1668212412998%29.pdf Good Sunday afternoon Superstonk, I hope everyone is enjoying a wonderful weekend! I would like to share some more FINRA 'discipline' with y&
dismal-jellyfish ๐Ÿ“š Due Diligence

The Debt Time Bomb is Ticking: Rising Delinquencies, Soaring Bankruptcies, and the Looming Detonation of Student Loans

Source: https://abi.org/newsroom/press-releases/commercial-chapter-11-filings-increased-68-percent-in-the-first-half-of-2023 The 2,973 total commercial chapter 11 bankruptcies filed during the first six months of 2023 represented a 68 percent increase over the 1,766 filed during the same period in 2022, according to data provided by Epiq Bankruptcy, the leading provider of
dismal-jellyfish ๐Ÿ“š Due Diligence