Dismal's Smacks

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📈 Macroeconomics

Icahn Enterprises Responds to Self-Serving Short Seller Report: "We recently have taken steps to reduce the short positions in our hedge book and concentrate for the most part on activism, which has served us so well in the past."

Source: https://finance.yahoo.com/news/icahn-enterprises-responds-self-serving-150000648.html How is this related to GME? Icahn allegedly holds a short position in GameStop: https://www.thestreet.com/memestocks/gme/gamestop-stock-carl-icahns-short-could-backfire https://www.reuters.com/business/carl-icahn-holds-short-position-gamestop-bloomberg-news-2022-11-21/ Reducing the position potentially? Buying pressure? Reddit Post

NY Fed President John C. Williams: "The Federal Reserve is committed to bringing inflation down. As the Mandalorian would say, Price stability. "This is the way." In "The Rise of Skywalker," Anakin urged Rey to "bring back the balance."

https://www.newyorkfed.org/newsevents/speeches/2023/wil230509 Highlights: "The Federal Reserve is committed to bringing inflation down. As the Mandalorian would say, "Price stability." * ""This is the way."" "The FOMC is mandated by Congress to promote maximum employment and price stability.

Federal Reserve Alert! Financial Stability Report for assessing the resilience of the U.S. financial system:

"The share of newly issued loans to large corporations with debt multiples greater than 5 remained at a historically high level in 2022, indicating stable tolerance for additional leverage." https://www.federalreserve.gov/publications/files/financial-stability-report-20230508.pdf The framework focuses primarily on assessing vulnerabilities, with an emphasis on

Federal Reserve Alert! Chicago Fed President Austan Goolsbee at 1:44 says: "I am certainly getting vibes… that a credit crunch or credit squeeze is beginning"

Adds it will be some time before next interest rate decision, with jobs and credit the determining factor for raising rates or not. Source: https://finance.yahoo.com/video/0-25-rate-hike-may-153258946.html Reddit Post

Inflation Alert! Fed releases Inflation Expectations Fall at Short-Term Horizon but Rise Slightly at Longer Horizons. One-year (4.4%), 3year (2.9%), and 5-year (2.6%) inflation expectations all higher than the Fed's target of 2%.

Inflation appears to be becoming anchored in consumers expectations. Source: https://www.newyorkfed.org/microeconomics/sce#/hhincexp-1 The main findings from the April 2023 Survey are: Inflation * Median inflation expectations declined by 0.3 percentage point at the one-year-ahead horizon to 4.4%, but increased by 0.1 percentage point

FTD Alert! FOMC's decision to raise Fed Funds Rate by 25 basis points will not result in a change in TMPG Fail Charge. Settlement Obligation fails (FTDs in Treasury & Government bonds) will continue to be charged at the TMPG fail charge floor rate.

https://www.dtcc.com/-/media/Files/pdf/2023/5/3/GOV1469-23.pdf https://www.dtcc.com/-/media/Files/pdf/2023/5/3/MBS1218-23.pdf https://twitter.com/susannetrimbath/status/1521955876386394113 Dr. T dropping knowledge. They charge 3% MINUS fed funds target rate (minimum 1%) Treasury Market Practices Group

FTD Alert! Today’s FOMC decision to raise Fed Funds Rate by 25 basis points will not result in a change in TMPG Fail Charge. Settlement Obligation fails (FTDs in Treasury & Government bonds) will continue to be charged at the TMPG fail charge floor rate.

https://www.dtcc.com/-/media/Files/pdf/2023/5/3/GOV1469-23.pdf https://www.dtcc.com/-/media/Files/pdf/2023/5/3/MBS1218-23.pdf https://twitter.com/susannetrimbath/status/1521955876386394113 Dr. T dropping knowledge. They charge 3% MINUS fed funds target rate (minimum 1%) Treasury Market Practices Group