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Liquidity Fairy Alert! Bank Term Funding Program usage rose this week ($102.927B vs $102.305B on 7/12), marking the 7th straight week over $100B. It’s looking more and more like there’s an over-reliance on Fed Funding. I believe this be a moral hazard.

July 20, 2023 10:21 pm

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. …

Not Always Sunny! Philly Fed Business Outlook Stinks At -13.5 (11th Straight Month Of Negative Readings As Fed Retreats)

July 20, 2023 3:42 pm

by confoundedinterest17 Its not always sunny in Philadelphia, particularly when The Philly Fed (Phed?) business outlook is down in July again for the 11th straight month at -13.5. Let’s see how long The Fed (aka, Green Man) keeps removing monetary stimulus. An election is approaching!

Bidenomics? Existing Home Sales Crash -19% YoY In June, 23rd Straight Month Of Negative Growth (Median Price Falls To -1.16% YoY) Inventory For Sale STILL MIA

July 20, 2023 2:20 pm

by confoundedinterest17 Wasting away again with Bidenomics. US existing home sales crashed by -19% in June, the 23rd consecutive month of declines. At least the median price of existing home sales is decreasing as Fed stimultypto vanishes. Just like inventory for sale has vanished. The face of Bidenomics, code for Federal government reckless green spending. …

Liquidity Fairy Alert! Bank Term Funding Program usage rose this week ($102.305B vs $101.959B on 7/5), marking the 6th straight week over $100B. It’s looking more and more like there’s an over-reliance on Fed Funding. Could this be a moral hazard?

July 13, 2023 10:34 pm

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. …

Matt Gaetz Straight Out Asks FBI Director Christopher Wray if He’s Protecting the Bidens, Reads Biden’s Smoking Gun ‘Shakedown’ Message; Wray’s Answer Is ‘Revealing’

July 12, 2023 7:04 pm

Secret Service Refuses to Honor Records Request for Biden Cocaine Scandal Documents . . . . . . Hunter Biden Mystery: Why Did Delaware Prosecutor Not Bring Charges His Office Approved? Slimy Hunter Biden Built Network of Extensive Ties to Father’s Senior Aides

Biden SKIPS dinner with NATO leaders and goes straight to his hotel

July 11, 2023 5:58 pm

President Joe Biden has raised eyebrows after skipping dinner with NATO leaders on Tuesday night and instead heading straight to his hotel in Lithuania. A US official blamed the 80-year-old president’s busy schedule over four days and said he’s preparing for a ‘big speech’ on Wednesday when asked why he wasn’t attending. Biden, who has …

Northwest Territory hits 100* for first time… Phoenix could see 18 straight days above 110*…

July 11, 2023 2:23 pm

Blistering temperatures reached unheard-of northerly latitudes in Canada over the weekend amid dangerously hot and dry conditions, lightning storms and new blazes that intensified the country’s historically severe fire season. The temperature soared as high as 100 degrees in the Northwest Territories on Saturday, the hottest temperature ever measured north of 65 degrees latitude in …

Bidenomics In 3 Charts! Share of Total Net Worth Held by the Top 1% Near All-time High, 25 Straight Months Of NEGATIVE Real Wage Growth, 3 Straight Quarters Of NEGATIVE Net Worth Growth

July 9, 2023 9:22 pm

by confoundedinterest17 Bidenomics, which Bumbling Biden can’t explain, and his Press Secretary Karine Jean Pierre only utters “top down was a failure, we are trying the opposite!” Sorry Karine, Bidenomics personifies top down economic (mis)management where DC picks winners and losers as opposed to the free market. Under Biden’s corrupt administation, it is more like …

US faces debt crisis, no soft landing. This plane is flying straight towards a Debt Jubilee or crashing in a Great Depression 2.0

July 7, 2023 8:17 pm

THERE IS NO SOFT LANDING Not for the US consumer, not for the US Government This plane is flying straight towards a Debt Jubilee or crashing in a Great Depression 2.0 Fintwit passengers can argue about the meaning of turbulence along the way But that’s how this ride ends pic.twitter.com/uzZanBIIAC — Amy Nixon (@texasrunnerDFW) July …

Biden Drains Strategic Petroleum Reserve For 14th Straight Week (SPR Down -46% Under Bidenomics, Reg Gas Price UP 48%, Diesel Fuel UP 47%) Hunter In The West Wing With A Straw!

July 6, 2023 9:34 pm

by confoundedinterest17 What is Bidenomics? It isn’t what Press Secretary Karine Jean Pierre thinks. She said Biden hates “trick down economics”. Instead, Biden prefers a Soviet-style command economy where The Federal Government spends trillions of dollars and directs where the money goes. We also have the Socialist Federal Reserve that relies on rate manipulation to …

Texas Manufacturing Survey Disappoints For 5th Straight Month Amid “Political Incompetence”(And Massive Corruption)

June 26, 2023 6:19 pm

by confoundedinterest17 Dallas after (economic) midnight! Particularly after 5 consecutive months of negative readings. For the fifth straight month, the Dallas Fed’s Texas Manufacturing Outlook survey disappointed expectations, printing -23.2 vs -21.8 exp) and is negative for a fifth straight month. Source: Bloomberg Texas factory activity declined in June, according to business executives responding to the …

50 Shades Of Joe! Misery Indices All Point To Americans Being Almost Twice As Miserable Under Biden Than Pre-Covid Trump (25 Straight Months Of Negative Weekly Wage Growth)

June 24, 2023 10:18 pm

by confoundedinterest17 I could have used 3 shades of Joe, but 50 shades of Joe sounds better! But the fact remains that Americans are far more miserable under Biden than they were under Trump before the Chinese Wuhan Covid virus was unleashed. 9.03 today (Core CPI YoY + U-3 Unemployment) than it was in February …

The Fed’s emergency lending facility has increased for a sixth straight week, reaching $100 billion….The Fed has complete control over when a crisis occurs.

June 15, 2023 5:45 pm

The fear of a US banking crisis has largely faded from market sentiment, but it seems there's a steady, low drumbeat of distress among some firms. The amount of money lent out under the Fed's emergency lending facility rose for a sixth straight week, remaining above $100 billion. pic.twitter.com/NPCTzVhbZI — Lisa Abramowicz (@lisaabramowicz1) June 15, …

Bidenville! US Inflation Cools To 2x Target In May, 26 Straight Months Of Negative Weekly Wage Growth (Core Inflation Still At 5.3% YoY, Yet Fed Will Pause Rate Hikes)

June 14, 2023 7:41 amJune 13, 2023 9:55 am

by confoundedinterest17 Okay, Joe Biden was generally regarded as the dumbest member of the US Senate and mean-spirited (I won’t repeat podcaster Joe Rogan’s opinion of Biden). Now we realize how brazenly corrupt Biden is (taking bribes from China and Ukraine to influence American poliicies). Not only is Biden an attrocious human being, but his …

Biden’s Economy! ISM Manufacturing In May Falls To 46.9, 7th Straight Month Of Contraction (McCarthy Surrenders To Biden And Allows 2 Years Of Uncontrolled Spending And Debt)

June 1, 2023 4:22 pm

by confoundedinterest17 Another day under Biden/Yellen. Last night, “Republicans” joined Democrats to allow unlimited Federal spending and debt for the next two years. Way to go “Benedict McCarthy”! But today, we saw that ISM Manufacturing printed at 46.9 for May, the 7th consecutive month of contraction. Meanwhile, the Biden family twists the night away while Americans are ravished by inflation caused by bad …