Sign in Subscribe

๐Ÿ“ˆ Macroeconomics

Fed's Beige Book August 2023: "Some Districts highlighted reports suggesting consumers may have exhausted their savings and are relying more on borrowing to support spending."

Fed's Beige Book August 2023: "Some Districts highlighted reports suggesting consumers may have exhausted their savings and are relying more on borrowing to support spending."

TLDRS: Fed's Beige Book August 2023: "Some Districts highlighted reports suggesting consumers may have exhausted their savings and are relying more on borrowing to support spending." "Many contacts suggested "the second half of the year will be different" when describing wage growth. * Are
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics
Inflation Alert! The Fed's preferred inflation measure continues to rise! Excluding food and energy, the PCE price index increased 4.2 percent from one year ago--still more than DOUBLE the Fed's 2% target. More fuel for rate hikes...

Inflation Alert! The Fed's preferred inflation measure continues to rise! Excluding food and energy, the PCE price index increased 4.2 percent from one year ago--still more than DOUBLE the Fed's 2% target. More fuel for rate hikes...

TLDRS: * The Fed's preferred inflation gauge is still growing... * 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. * To fix one end of their
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics
Credit Suisse posted $4 billion loss in second quarter, Sonntagszeitung reports, which cited insiders at the bank.

Credit Suisse posted $4 billion loss in second quarter, Sonntagszeitung reports, which cited insiders at the bank.

Source: https://www.reuters.com/business/finance/credit-suisse-posted-4-billion-loss-2q-sonntagszeitung-2023-08-27/ Other Coverage: https://www.theglobeandmail.com/business/article-credit-suisse-posted-us4-billion-loss-in-second-quarter-media-reports/ https://ca.sports.yahoo.com/news/credit-suisse-posted-4-billion-120917398.html TLDRS: * Credit Suisse supposedly posted $4 billion loss in second quarter. * Those Archegos bags getting heavy? Reddit Post
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics
$49 billion withdrawn from commercial banks last week (8/9-8/16). $863 billion in deposits has been pulled since the all time hit 4/13/22. It looks like the bank run is picking back up?

$49 billion withdrawn from commercial banks last week (8/9-8/16). $863 billion in deposits has been pulled since the all time hit 4/13/22. It looks like the bank run is picking back up?

https://fred.stlouisfed.org/series/DPSACBW027SBOG https://www.federalreserve.gov/releases/h8/20230825/ A tad over a year ago (4/13/2022) the high was hit at $18,158.3536 billion DateDeposits, All Commercial Banks (billions)Down from all time high (billions)4/13/2022$18,15802/22/2023 (Run
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics