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📈 Macroeconomics

Central Bank Liquidity Swap Operations Alert! The Fed provides (6) 7-day loan operations totaling $590,500,000 in Central Bank Liquidity Swaps to: Swiss National Bank (3 loans for $107 million) and the European Central Bank (3 loans for $483.5 million).

https://www.newyorkfed.org/markets/desk-operations/central-bank-liquidity-swap-operations Say hello again to Central Bank Liquidity Swaps! In April 2009, the Federal Reserve announced foreign-currency liquidity swap lines with the Bank of England, the European Central Bank, the Bank of Japan, and the Swiss National Bank. The Federal Reserve lines constitute a

Credit Suisse watches ~$17billion in Tier 1 Contingent Convertible Capital Instruments (CoCo) bonds become worthless. What are Contingent Convertible Capital Instruments (CoCo) bonds? More details inside.

This is starting to come up in corporate media and expect it to make its way here next as more folks are digging into: https://www.barrons.com/articles/credit-suisse-s-coco-bonds-how-17-bn-disappeared-6283ee5f https://www.reuters.com/markets/rates-bonds/redemption-delay-fears-send-yields-european-banks-coco-bonds-spiking-2023-03-17/ https://www.marketwatch.com/story/the-275-billion-bank-convertible-bond-market-thrown-into-turmoil-after-credit-suisses-securities-wiped-out-3cf8e295 https://www

This is not a 'bailout'! A review of the tools the Fed is leveraging ($308.063 Billion so far as of 3/15) while attempting to navigate the current environment.

Good morning Superstonk, resident jellyfish back with you! I hope everyone had a great weekend. Seeing as yesterday saw coordinated central bank action to enhance the provision of U.S. dollar liquidity, I thought it would be useful to review these tools at the Fed's disposal as they

Federal Reserve Alert! 'Primary Credit' (the principal safety valve for ensuring adequate liquidity in the banking system) at 152.85B!!! for week of March 15th, up from 4.581B last week and up from 2.306B one year ago.

This is a change of 3.24K% from last week and 6.53K% from one year ago. Good afternoon Superstonk, resident jellyfish back again and I would like to revisit our discussion, 'Primary Credit'--the principal safety valve for ensuring adequate liquidity in the banking system that has

How did we get here? Reviewing how Credit Suisse, a bank that lost $7.8 billion last year, is being rescued by the Swiss National Bank that lost $143 billion last year. Spoiler Alert: it's the Fed.

Good morning, resident jellyfish back again! Folks seemed to appreciate the last recap and I have been seeing a few threads from folks trying to wrap their head around on what is transpiring with Credit Suisse and the Swiss National Bank over the past day or so: https://www.reddit.

Inflation Alert! The purchasing power of the dollar continues to VANISH! In February, the purchasing power of $100 in January 2000 was $56.10.

Remember, CPI tracks the loss of the purchasing power of your dollars, and thereby the purchasing power of your hard earned labor. Source: https://fred.stlouisfed.org/series/CUUR0000SA0R We have lost .70 in purchasing power since November (56.8), February (56.1). Reddit Post

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in February on a seasonally adjusted basis, after increasing 0.5 percent in January, the U.S.BLS reported today.

Source: https://www.bls.gov/news.release/cpi.nr0.htm Reddit Post