Recession Alert! Philly Fed Business Survey Slumps To Worst Since The Great Recession Of 2008/2009 As Fed Retreats April 21, 2023 8:28 amApril 20, 2023 3:03 pm
Federal Reserve Alert! Governor Michelle W. Bowman speaking on the potential politicization of CBDC policy objectives: “potential to allow the government to limit certain types of private spending or limit access to banking accounts, it could also threaten the Federal Reserve’s independence.” April 19, 2023 7:16 amApril 18, 2023 9:27 pm
Inflation Alert! March SCE Labor Market Survey: The average full-time offer wage received in the past four months increased to $62,088 from $59,834 in November 2022. The average reservation wage—the lowest wage respondents would be willing to accept for a new job—rose to a new series high of $75,811 April 19, 2023 7:16 amApril 17, 2023 3:29 pm
Inflation Alert! The purchasing power of the dollar continues to VANISH! In March, the purchasing power of $100 in January 2000 was $55.90. Remember, CPI tracks the loss of the purchasing power of your dollars, and thereby the purchasing power of your hard earned labor April 13, 2023 7:38 pm
Federal Reserve Alert! “In the interest of further strengthening transparency and accountability, the 12 Reserve Banks have agreed to adopt a common policy for public requests for information and expect to implement this policy by the end of this year.” April 12, 2023 10:14 am
FDIC Alert! $114 billion in face value Agency Mortgage Backed Securities, Collateralized Mortgage Obligations, and Commercial Mortgage Backed Securities about to be liquidated ‘gradual and orderly’ with the ‘aim to minimize the potential for any adverse impact on market functioning’ by BlackRock. April 5, 2023 9:59 pm
Federal Reserve Alert! Governor Lisa Cook: “Your generation has seen two once-in-a-century economic events within two decades. Your economic experiences are different from anyone else’s. That insight and understanding will be critical to policymakers. The economics profession needs your perspective” April 4, 2023 9:36 pm
Inflation Alert! The Fed’s Preferred inflation metric dropped a little. However, PCE Price Index for services rose 5.7%. Remember, Nearly 2/3 of consumer spending goes into services! While Corporate Media will trumpet the decline in goods prices, inflation is RAGING and showing no signs of slowing. April 1, 2023 6:05 pmMarch 31, 2023 1:08 pm
SEC Alert! Commissioner Caroline A. Crenshaw: “the dominance of a handful of large market-makers internalizing orders, and conflicts of interest between market intermediaries and their customers – are even more pronounced in the options markets.” Options markets account for 65% of PFOF payments. March 31, 2023 12:28 pmMarch 31, 2023 10:56 am
SEC Alert! Administrative Proceedings for Barclays PLC and Barclays Bank PLC: SEC creates fund for the $200 million fine Barclays received for selling “an unprecedented amount of securities—cumulatively totaling approximately $17.7 billion—in excess of what it had registered with the Commission.” March 30, 2023 1:01 pm
Philadelphia is on high alert following major chemical spilled into the Delaware River March 26, 2023 9:15 pm
Federal Reserve Alert! Federal Reserve Board releases annual audited financial statement: In 2022 the Fed paid $42 billion in interest to counterparties of reverse repos. March 25, 2023 11:53 am
ALERT: The Navy’s massive mobile active electronically scanned array early-warning radar station just deployed from Pearl Harbor March 23, 2023 10:58 pm
Central Bank Liquidity Swap Operations Alert! The Fed provides (6) 7-day loan operations totaling $590,500,000 in Central Bank Liquidity Swaps to: Swiss National Bank (3 loans for $107 million) and the European Central Bank (3 loans for $483.5 million). March 24, 2023 5:35 pmMarch 23, 2023 7:15 pm
Office of Financial Research Alert! Digital Currency May Increase Household Welfare, Lower Volatility but Pose Risks to Banks. March 22, 2023 5:29 pm
Federal Reserve Alert! Coordinated central bank action to enhance the provision of U.S. dollar liquidity March 19, 2023 9:52 pm
Alert! MSM: new ChatGPT version, GPT-4 is new, and scary! 5 jaw-dropping things GPT-4 can do that ChatGPT couldn’t! March 16, 2023 9:15 pm
Inflation Alert! The purchasing power of the dollar continues to VANISH! In February, the purchasing power of $100 in January 2000 was $56.10. Remember, CPI tracks the loss of the purchasing power of your dollars, and thereby the purchasing power of your hard earned labor. March 15, 2023 6:08 pm