Dismal's Smacks

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CFTC Alert! OPEN for comment Risk Management Program Regulations for Swap Dealers, Major Swap Participants, & Futures Commission Merchants.

CFTC Alert! OPEN for comment Risk Management Program Regulations for Swap Dealers, Major Swap Participants, & Futures Commission Merchants. While it requires compliance with all capital & margin requirements, it doesn't explicitly require policies and procedures to safeguard counterparty collateral. Wut mean? * These rules are about how certain

In the face of a 'Full-Employment Recession', New orders for manufactured goods in April, up four of the last five months, increased $2.6 billion or 0.4 percent to $577.5 billion, the U.S. Census Bureau reported today.

https://www.census.gov/manufacturing/m3/prel/pdf/s-i-o.pdf https://www.census.gov/manufacturing/m3/prel/pdf/s-i-o.pdf Highlights: New orders for manufactured goods in April, up four of the last five months, increased $2.6 billion or 0.4 percent to $577.5 billion, the U.S.

FINRA can kick alert! Notice of Designation of a Longer Period for FINRA to determine whether to approve or disapprove proposed Rules 6151 (Disclosure of Order Routing Information for NMS Securities) and 6470

* The proposed rule change was published for notice and comment in the Federal Register on December 6, 2022.7 June 4, 2023 is 180 days from that date, and August 3, 2023 is 240 days from that date. * FINRA finds it appropriate to designate a longer period within which to

"There has never been so many conflicting lines of bullshit running all at once. The emperor has no clothes."

This weeks changing definition of recession: 'Full-Employment Recession'

Source: https://www.wsj.com/articles/get-ready-for-the-full-employment-recession-bc9937a5 Last week it was 'freight recession' from the Fed's beige book. However, this all sounds like a fancy way of saying EBITDA (earnings before interest, taxes, depreciation, and amortization) Recession from the week before, which sounds like a fancy

‘Shadow Banks’ Account for Half of the World’s Assets—and Pose Growing Risks: 'no one seems to have a firm handle on the risks that nonbank financial entities could pose if numerous trades and investments sour.'

Source: https://www.marketwatch.com/articles/shadow-banks-account-for-half-of-the-worlds-assetsand-pose-growing-risks-8f4b5961 The sudden failure this year of three sizable American banks demonstrated one way in which the financial system can “break” as the Federal Reserve and other central banks press a campaign to normalize interest rates. There could be others. Risk-minded regulators, policy makers,

$86 billion deposited to commercial banks in the last week (May 17th-24th). $920 billion in deposits has been pulled since the all time hit 4/13/22. Since the run picked up momentum 2/22/2023, $452 billion in deposits have been pulled.

Happy Friday Superstonk, I hope everyone had a great week! Resident Jellyfish back again to review this weeks commercial bank deposit data (and how deposit outflows are still being 'made up' with borrowing from sweetheart liquidity programs for the banks. https://www.federalreserve.gov/releases/h8/20230602/ https: