Independent thinking for complex markets and current events
via news.usni.org: Marines are looking to push as many tasks as possible to autonomous systems as the service aims to operate across wide swaths of the Pacific. The Marines are working on several avenues to add autonomy to the service, Lt. Gen. Karsten Heckl, Marine Corps deputy commandant for combat development and integration, told the …
by Dismal-Jellyfish I would like to share some more FINRA ‘discipline’ with y’all, this time it’s Citigroup (again…) As these releases convey a ton of information, I hope this format makes sense: I am going to outline what Citigroup did from points from the filing. I am going to pull the rules they broke and attempt …
by Dismal-Jellyfish 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: Date Deposits, All Commercial Banks (billions) Down from all time high (billions) 4/13/2022 $18,158 0 2/22/2023 (Run picks up speed) $17,690 -$468 billion 3/1/2023 $17,662 -$496 billion 3/8/2023 $17,599 -$559 billion 3/15/2023 $17,428 -$730 billion 3/22/2023 $17,256 …
by Dismal-Jellyfish Borrowing from the Bank Term Funding Program hit a NEW all time high–the 13th consecutive week above $100 billion! What we are monitoring: Bank Term Funding Program (BTFP) Discount Window/Primary Credit “Other Credit Extensions” I hope to shed light on the recent uptick in borrowing due to an attempt to offset the initial …
In a record-breaking year of disasters, the Federal Emergency Management Agency is announcing nearly $3 billion Monday for communities to build resiliency against climate change-fueled extreme weather. you know SMART/ 15 min cities to control you The new money, which will come from Congress’s bipartisan infrastructure law (all complicit) passed last year, is being announced just as the …
This is a test. This is only a test. But it’s going to be one very big test. On Wednesday, October 4 at 2:20 p.m. ET, every TV, radio and cellphone in the United States should blare out the distinctive, jarring electronic warning tone of an emergency alert, accompanied by a notice along these lines: …
by Dismal-Jellyfish Borrowing from the Bank Term Funding Program hit a NEW all time high–the 11th consecutive week above $100 billion! What we are monitoring: Bank Term Funding Program (BTFP) Discount Window/Primary Credit “Other Credit Extensions” I hope to shed light on the recent uptick in borrowing due to an attempt to offset the initial …
by Dismal-Jellyfish https://www.newyorkfed.org/medialibrary/media/Survey/business_leaders/2023/2023_08blsreport.pdf Wages and Prices expected to continue rising over the next 6 months. TLDRS: New York Federal Reserve Bank’s August 2023 Business Leaders Survey shows the region’s (New York, southern New Jersey, and southwestern Connecticut) service sector activity as stable for the second month in a row. Remember, services are where ~2/3 of …
by Dismal-Jellyfish Source: https://fred.stlouisfed.org/series/CUUR0000SA0R#0 Zooming in: CPI tracks the loss of the purchasing power of your dollars, and thereby the purchasing power of your hard earned labor: July 2022 purchasing power of $100 in January 2000: 57.1 (down -3.33% in purchasing power in the last year!) July 2021 purchasing power of $100 in January 2000: …
by Dismal-Jellyfish Source: https://www.newyorkfed.org/markets/rrp_counterparties#additions-and-removals
by Dismal-Jellyfish https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2023/august-2023 Highlights: The BoE decided to raise the Bank Rate by 0.25 percentage points to 5.25% with a 6-3 vote. New projections assume the Bank Rate will peak at just over 6% and average just under 5.5% over the next three years. Economic growth has been steady, but recent indicators show possible weakening. …
The port of Odessa, Ukraine, was hit by four Russian missiles that hit two British cargo ships triggering a massive EXPLOSION. — Jack Straw (@JackStr42679640) August 1, 2023 https://twitter.com/ananthamharshi/status/1686060257838088208?ref_src=twsrc%5Etfw Truth : Russian Missiles Did Not Destroy Odessa Or British Ships! This is yet another example of FAKE NEWS circulating on WhatsApp, and social media platforms like Facebook and …
by Dismal-Jellyfish Source: https://home.treasury.gov/news/press-releases/jy1662 The U.S. Department of the Treasury today announced its current estimates of privately-held net marketable borrowing[1]for the July – September 2023 and October – December 2023 quarters. During the July – September 2023 quarter, Treasury expects to borrow $1.007 trillion in privately-held net marketable debt, assuming an end-of-September cash balance of $650 billion.[2] …
by Dismal-Jellyfish Table 1 (PDF) | Table 2 (PDF) | Charts (PDF) Wut Mean?: Commercial and Industrial (C&I) Lending: Banks tightened standards for C&I loans to businesses of all sizes. All loan terms for C&I loans, like rate spreads, premiums on riskier loans, credit line costs, and many others, were tightened. Both large and other banks tightened C&I lending …
Next week will be interesting because many charts are indicating market weakness which lines up with week 21. https://t.co/ggQXxGybX0 pic.twitter.com/U2aMp07RLv — Financelot (@FinanceLancelot) July 29, 2023 Here's an interesting chart. Volatility spikes have been occurring on the same weekly intervals the last two cycles. Weeks 8 & 17 are common across both, implying a large …
by Dismal-Jellyfish Source: https://www.federalreserve.gov/publications/files/large-bank-capital-requirements-20230727.pdf Wut mean?: Following its stress test earlier this year, the Federal Reserve Board today announced the individual capital requirements for all large banks, effective on October 1. Large bank capital requirements are in part determined by the Board’s stress test results, which provide a risk-sensitive and forward-looking assessment of capital needs. The …
– A heat wave continues to blast the Midwest, Northeast, and South through the end of the work week, forcing the largest US grid operator to declare a level one emergency for Thursday as tens of millions of people crank up air conditioners to escape scorching temperatures as summer in the Northern Hemisphere peaks. On …
by Dismal-Jellyfish Source: https://www.dtcc.com/-/media/Files/pdf/2023/7/26/MBS1249-23.pdf https://www.dtcc.com/-/media/Files/pdf/2023/7/26/MBS1250-23.pdf
by Dismal-Jellyfish https://public-inspection.federalregister.gov/2023-14556.pdf Prerule Stage: SOURCE OF STRENGTH (SECTION 610 REVIEW): Purpose: The Federal Reserve, along with the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC), is working on a proposed rule. What It’s About: This rule, as mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act, wants bank …
via naturalnews: Pro-Chinese Communist Party (CCP) views are spreading throughout the United States, thanks to a Chinese marketing firm that writes and gets its articles published on over 30 American news websites. The Shanghai-based company Haixun Press, whose full name is the Shanghai Yihuan Cultural Communication Co., Ltd., admits on its website that it can plant …
by Dismal-Jellyfish Borrowing from the Bank Term Funding Program is on the increase again! What we are monitoring: Bank Term Funding Program (BTFP) Discount Window/Primary Credit “Other Credit Extensions” I hope to shed light on the recent uptick in borrowing due to an attempt to offset the initial shrink in M2 and dip in deposits. …
It’s here. We either fight it or just give up all our freedoms. Step 2 is getting the digital readers for palm and face in place across the US and the World. Step 3 is to create and issue a digital ID via the banking system. Step 4 is to implement CBDC digital currency. Step …
by Dismal-Jellyfish Source: https://www.federalreserve.gov/newsevents/pressreleases/other20230720a.htm The Federal Reserve on Thursday announced that its new system for instant payments, the FedNow® Service, is now live. Banks and credit unions of all sizes can sign up and use this tool to instantly transfer money for their customers, any time of the day, on any day of the year. …
https://www.youtube.com/watch?v=910zvXDibuE The oil market has taken yet another hit this month as Saudi Arabia deepened oil production cuts to gain further control of prices at a time U.S. officials are failing to boost the domestic Strategic Petroleum Reserve, and supplies are rapidly dwindling. The shock caused by lower global oil output is threatening to undermine …
Prepare for another round of toxic smoke. BC is burning up! This is the worst year for fires on record for the province of BC. It has been very dry and the winds are expected to pick up late this week. Eastern Canada and the US could soon be blanketed in smoke again. https://governmentofbc.maps.arcgis.com/apps/webappviewer/index.html?id=950b4eec577a4dc5b298a61adab41c06 Evacuation …
by Dismal-Jellyfish Borrowing from the Bank Term Funding Program is back on the increase! What we are monitoring: Bank Term Funding Program (BTFP) Discount Window/Primary Credit “Other Credit Extensions” I hope to shed light on the recent uptick in borrowing due to an attempt to offset the initial shrink in M2 and dip in deposits. …
by Dismal-Jellyfish Bank of America (PDF) Bank of New York Mellon Corp (PDF) Citigroup (PDF) Credit Suisse (PDF)***** Goldman Sachs (PDF) JPMorgan Chase (PDF) Morgan Stanley (PDF) State Street Corp (PDF) Wells Fargo & Co (PDF) ***** Credit Suisse submitted this plan pursuant to a deficiency identified in the firm’s December 17, 2021, resolution plan …
by Dismal-Jellyfish Source: https://www.bls.gov/news.release/cpi.nr0.htm All items less food and energy: Inflation and Housing: The overall index for items excluding food and energy increased by 0.2% in June. The cost of housing, represented by the shelter index, rose by 0.4% in June. Rent increased by 0.5%, and owners’ equivalent rent (for homeowners) increased by 0.4%. However, …
by Dismal-Jellyfish Remember, CPI tracks the loss of the purchasing power of your dollars, & thereby the purchasing power of your hard earned labor. Source: https://fred.stlouisfed.org/series/CUUR0000SA0R#0 Let’s zoom in on this since 2020: CPI tracks the loss of the purchasing power of your dollars, and thereby the purchasing power of your hard earned labor: June …
