πΊπΈ US net interest and miscellaneous payments on assets by private enterprises $95.2 billion.
ππΌππ²ππ ππΆπ»π°π² π€π° ππ΅π³π²!
Locked in debt at cheap funding rates when the Fed had rates at zero and invested cash to earn higher interest income as the Fed raised rates. pic.twitter.com/Jo94wjhGTV
— Alex Joosten (@joosteninvestor) April 28, 2024
This means that private enterprises in the US made net interest and miscellaneous payments totaling $95.2 billion. The phrase “Lowest since Q4 1976” suggests a significant decline or downturn in these payments, possibly indicating a broader economic trend or financial behavior.
US small bank cash reserves plummeted by $258 billion last week below the level considered a constraint, according to ZeroHedge.
This excludes a $126 billion still sitting at the Fedβs emergency lending program that expired in March.
It marked the largest decline in bank⦠pic.twitter.com/jbZdRn2TiK
— The Kobeissi Letter (@KobeissiLetter) April 28, 2024
The decrease in US small bank cash reserves and the seizure of Republic First Bank indicate a broader trend of financial instability within the banking sector. This suggests that the decline in net interest and miscellaneous payments by private enterprises could be a consequence of the ongoing regional bank crisis, as businesses may be facing liquidity challenges due to bank failures and reduced access to credit.