SEC Chair Gary Gensler: “Though I’m not suggesting that such individual funds areas large as today’s largest banks, as noted in the Federal Reserve’s recent Financial Stability Report, the largest hedge funds by gross asset value have at times on average exceeded 20-to-1 leverage.

by Dismal-Jellyfish https://www.sec.gov/news/speech/gensler-honest-unbiased-investment-management-05192023#_ftn10 SEC Chair Gary Gensler in speech “Honest and Unbiased Investment Management”: Remarks before the Inaugural Conference on Emerging Trends in Asset Management Highlights Private Funds: Today, nearly 75 years later, the private fund industry has grown to …

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Federal Reserve Alert! Fed releases Financial Stability Report, their framework for assessing the resilience of the U.S. financial system and presents the Board’s current assessment. They see as vulnerabilities: Asset valuations, Borrowing by business and households, Leverage, and Funding Risks.

Source: https://www.federalreserve.gov/publications/files/financial-stability-report-20221104.pdf Against this backdrop, our view of the current level of vulnerabilities is as follows: Asset valuations. Higher interest rates and a weaker outlook for the economy led prices of financial assets to fall amid heightened volatility, but real estate prices …

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Financial Stability Oversight Council press release Friday 2/4: “potential risks to U.S. financial stability arising from open-end funds, PARTICULARY THEIR LIQUIDITY AND REDEMPTION FEATURES.” The XRT ETF is an open-end fund.

by Flokki_the_Monk Press Release from Financial Stability Oversight Council through Treasury on Friday: https://home.treasury.gov/news/press-releases/jy0587 FSOC includes Janet Yellen, Jerome Powell, & Gary Gensler. This is coming from the top, which means all 3 have been forced to admit these issues exist. This …

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Western stability shattered? Macron facing no confidence vote, Yellow Vest protest in Canada…. Will “Yellow Vest” protests go gLOBAL spring 2019?

https://www.youtube.com/watch?v=L0QPOYvfrFU Having bowed to the demands of large-scale, nationwide anti-government protests, French president Emmanuel Macron is facing trouble on another front. Left wing MP’s have tabled a motion of no confidence in his government with the vote to take place …

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The End of (Artificial) Stability

by Charles Hugh-Smith The central banks’/states’ power to maintain a permanent bull market in stocks and bonds is eroding. There is nothing natural about the stability of the past 9 years. The bullish trends in risk assets are artificial constructs of …

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