Dismal's Smacks

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📚 Due Diligence

A review of UBS's FINRA 'discipline': UBS found to have inadequate short selling supervision & system flaws exploited--fueling potential naked shorting and abuse in GameStop.

Penalty? Not having to admit or deny the findings, a censure, and $2.5 million fine https://www.finra.org/sites/default/files/fda_documents/2016050211701%20UBS%20Securities%20LLC%20CRD%207654%20AWC%20Final%20geg%20%282022-1667434816509%29.pdf Hello Superstonk, I hope everyone is enjoying a great start to the

Inflation Alert! Today's BLS report combined with the ADP jobs report & initial jobless claims reports provide a comprehensive view of the current employment and wage situation.

Currently, Employment & Wages are strong (wage growth well above the Fed's 'acceptable' 2%)--fuel for a July rate hike. source: https://www.bls.gov/news.release/pdf/empsit.pdf Wut Mean? In June, the U.S. economy added 209,000 jobs, and the unemployment rate

Sliding Commercial and Industrial Loans and the Bank Term Funding Program: How the Fed's Two-Tiered System is Distorting Idiosyncratic Risk in the Market and Setting Us on a Risky Path Towards Moral Hazard.

Good evening Superstonk, I hope everyone is enjoying a wonderful Friday evening! Reminder, while banks have the liquidity fairy, 'we' get the promise of 2 more rate hikes this year, Atlanta Fed President Raphael Bostic yet again enrichens himself inappropriately from his position. What I want to talk

Liquidity Fairy Alert! 7/5/23 was the first week usage of the Bank Term Funding Program dipped ($101,959 billion vs $103,081 billion 6/28/23). Anyone else thinking this dip in usage is transitory?

Liquidity Fairy Alert! 7/5/23 was the first week usage of the Bank Term Funding Program dipped ($101,959 billion vs $103,081 billion 6/28/23). Anyone else thinking this dip in usage is transitory?

Good morning Superstonk, I hope everyone's Friday is off to a GREAT start! Borrowing from the Bank Term Funding Program finally decreased for the first time since the program started. Reminder, while banks have the liquidity fairy, 'we' get the promise of 2 more rate hikes

FINRA's 'Discipline' and Evercore's Unchecked Trades: Risky Rules & Soft Blocks Threaten Market Stability & GME!

https://www.finra.org/sites/default/files/fda_documents/2017056128501%20Evercore%20Group%2C%20L.L.C.%20CRD%2042405%20AWC%20gg.pdf Good morning Superstonk! I would like to share some more FINRA 'discipline' with y'all. As these releases convey a ton of information I am going

Why we should expect a rate hike in June: A review of what Fed officials have said and what incoming data is saying.

Good morning Superstonk! Jellyfish back with you to review what folks from the Fed have been saying and to pair it with data to show that we are likely to see a rate hike in June. Let's get to it! First, this all 'starts' back with

A deep dive into the shrinking money supply: Banks get sweetheart programs from the liquidity fairy while households are forced to take on debt and in some instances DIE while being priced out of their lives in favor of rising interest rates

A deep dive into the shrinking money supply: Banks get sweetheart programs from the liquidity fairy while households are forced to take on debt and in some instances DIE while being priced out of their lives in favor of rising interest rates to fight an inflation problem the Fed created.