Today's topics include previewing tomorrow's payrolls report, the Fed vs. the market, updating the Fed's IOUs, trading a liquidity crisis for a solvency crisis?, bank runs in the information age, an impending slowdown in bank lending, and equity risk premium
Today's topics include the Fed's reverse repo facility, the Fed's path, job openings fall, megacap growth & tech stocks vs. the rest, stocks' tight trading range, warehouse spending, and serious risks around youth unemployment
Today's topics include the Fed updates its blog on 'deposit beta', troubled banks finally raise deposit rates, bond volatility, Powell's FOMC pressers having a bigger effect on markets, Fed credibility, how much cash did banks have before deposit run?, a lost decade?, hedge funds on wrong side of Fed bets, and liquidity has driven crypto in 2023
We keep returning to the issue of depositors withdrawing funds from banks for higher-yielding alternatives. This is a liquidity crisis impacting the liability of side of the banks' balance sheets. Banking data released late last week show the problems are not yet over.
Big tech stocks are off to one of their hottest starts to a year on record. In fact, they account for almost all of the S&P 500's returns in 2023.
Today's topics include thoughts on crude, can a recession bring down infation?, more trouble to come, the deposit insurance conversation not over, banks were not ready for withdrawals, private markets losing some allure, housing market worries, and Social Security will run out faster than anticipated
Jim Bianco on Bloomberg TV discussing the latest in the Regional Banking Crisis & the Federal Reserve with Tom Keene and Lisa Abramowicz.
Money market funds saw $66 billion in inflows in the week ending March 22. While this is a slowdown from the larger inflows seen in each of the prior two weeks, it is a sign that banks continue to bleed deposits.