Collapse of the USD in a single day erasing week’s worth of gains.
More and more people are putting money into money-market-funds to get that 5.5% interest rate. Hopefully FDIC get more money from the banks.
Liquidity continues to dry up even as the fed sells off treasuries and mortgage backed securities.
Bank term funding program (special emergency fund) hits record high as banks continue to utilize it.
US reserve balances with Federal reserve banks has massively disconnected with the S&P 500, which usually results in a reversion to the mean.
Nasdaq gives massive signals for being overbought.
BTFP – allows banks to borrow against collateral at face value.
First time developer sunk $20M+ into this 10-story hotel project, then sold at auction for $5.25M in 2022
"One man's loss is another's gain" may not apply
Even with the seller's significant loss, the buyer may not come out ahead
We think actual value was less than $0 pic.twitter.com/Jw7ifhftmS
— Barrett Linburg (@DallasAptGP) August 4, 2023