Dismal's Smacks

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Review of complex options trading strategy AGI US marketed and sold to approximately 114 institutional investors in 17 unregistered private funds (“Structured Alpha Funds”) that suffered catastrophic losses.

$349.2 million disgorgement + a civil money penalty in the amount of $675 million. https://www.sec.gov/litigation/admin/2022/34-94927.pdf FactsStructured Alpha: The Structured Alpha Funds provided investors an opportunity to acquire exposure to a variety of debt or equity securities – the “beta” component – coupled with a

Inflation Alert! Today, the Fed released the Economic Well-being US Households 2022. People will DIE being priced out of their lives in favor of raising interest rates to fight inflation for a problem the Fed created to begin with.

Inflation isn't just insidious, it kills! Today, the Fed released the Economic Well-being US Households 2022. People will DIE being priced out of their lives in favor of raising interest rates to fight inflation for a problem the Fed created to begin with. Inflation isn't just

Fed's Economic Well-being US Household 2022: "fewer adults reported having money left over after paying their expenses. 54% of adults said that their budgets had been affected "a lot" by price increases."

Fed's Economic Well-being US Household 2022: "fewer adults reported having money left over after paying their expenses. 54% of adults said that their budgets had been affected "a lot" by price increases."

"51% of adults reported that they reduced their savings in response to higher prices." https://www.federalreserve.gov/publications/files/2022-report-economic-well-being-us-households-202305.pdf The Federal Reserve Board on Monday issued its Economic Well-Being of U.S. Households in 2022 report, which examines the financial lives of U.S. adults

Inflation Alert! St. Louis Fed’s James Bullard backs two more hikes. Bullard would have central bank push interest rates up to 5.5%-5.75% range

Sources: https://www.marketwatch.com/story/feds-bullard-backs-two-more-hikes-359fb941: St. Louis Fed President James Bullard on Monday said he would like to see two more quarter-percentage-point interest-rate hikes this year. “I think we’re going to have to grind higher with the policy rate in order to put downward pressure on inflation,

Revisiting quotes since April, hedgies are fucked?

FICC - GOV Alert! GSD Capped Contingency Liquidity Facility® (CCLF®) – Changes to the Reset Date and Look-Back Period - Effective as of June 2, 2023

https://www.dtcc.com/-/media/Files/pdf/2023/5/19/GOV1481-23.pdf What is the Capped Contingency Liquidity Facility (“CCLF®”)? On April 25, 2017, the Commission approved FICC’s adoption of the Clearing Agency Liquidity Risk Management Framework (‘‘Framework’’), **which broadly describes FICC’s liquidity risk management strategy and

$57 billion withdrawn from commercial banks in the last week (May 3rd-10th). Since 2/22/2023, $590 billion in deposits have been pulled. $1,058 billion in deposits has been pulled since the all time hit 4/13/22. The bank run continues and picks up speed!

Source: https://www.federalreserve.gov/releases/h8/20230519/ https://fred.stlouisfed.org/series/DPSACBW027SBOG EDIT: I was originally using the not seasonally adjusted data instead of seasonally adjusted data. Have edited all the numbers to reflect (outside of the title). Apologies for the mix up--what I get for trying to