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.

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. …

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Tucker Carlson responds to “There’s coke in the White House!”

‘Tucker Carlson proceeds to give one of the funniest two-minute monologues ever.’ Audience: "There's coke in the White House!" Tucker Carlson proceeds to give one of the funniest two-minute monologues ever. pic.twitter.com/5s75vI298Q — Citizen Free Press (@CitizenFreePres) July 16, 2023 BREAKING: The Secret Service declined to interview 500 suspects in the ‘cocaine mystery’ at the …

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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?

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. …

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There’s no hiding now! Secret Service orders DNA and fingerprint analysis of ‘dime-sized’ cocaine baggie found in the West Wing

The Secret Service is carrying out fingerprint and DNA analysis of a bag of cocaine found at the White House to track down its owner. It comes after the Biden family showed a united front on the Truman balcony for Independence day inviting recovering drug addict Hunter Biden and the rest of the clan to …

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There’s a Lot Going On in This Tweet

by Chris Black Starlink is the satellite internet provider that’s going to connect Africa to the web. As of today, 18,000 young Rwandans are waking up to more opportunities, more connections, and more chances to succeed. Through the #TomorrowPartnership with @Starlink and @RwandaGov, we are demonstrating the art of the possible, connecting 50 remote schools …

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RUMOR that Bank of America will be buyer of Signature Bank… There’s a problem though…

via NYPOST: Bill Ackman in a tweet on Friday said Bank of America is going to acquire Signature Bank on Monday, without citing the source of the information. “I am hearing that @BankofAmerica is going to buy Signature Bank on Monday. Unless and until we can protect uninsured deposits, the cost of capital is going to rise for smaller banks …

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