chek't
tyb
PlaneFag CONUS activity-AF2 bails to LA for some "maternity health" crap
AF2 C-40B and SAM2A G5 (under AF2) departed JBA heading for Los Angeles Int'l-so another excuse to vanish to her Brentwood home-cap #2-PLENTY of warning here State Govs to send some visitors over….quit screwing around with the Naval Observatory..send them straight to her fuggen house as it is146.8 miles south to the San Ysidro border crossingfrom Brentwood
Kamala Harris visiting Los Angeles to discuss maternal health
https://www.cbsnews.com/losangeles/news/vp-kamala-harris-visiting-los-angeles-to-discuss-maternal-health/
SPAR10 C-40C WN from JBA depart-likely a WH NSO AC-cuz kneepads has the 'normal' WH NSO AC heading west to LAX-heading over to G7 as fooked Jake Sullivan traveled with Potato on 92-9000 to MCAS Iwakuni (where it landed for Hiroshima G7 meeting)
SAM900 G5 WS from JBA ("team fear pron"climate change John Kerry has used this AC is the past-not saying it him but has used)
PAT94 G5 ES from Calgary Int'l overnight
VM714 USMC C560 arrived at Little Rock-Bubba and Hillbgas Int'l Airport from JBA depart
German AF GAF873 A319 NE from Dulles as GAF753 A321neo arrives at same
POLE01 C-5 Galaxy arrived at Westover ARB, MASS from Dover depart and is now leaving
Mexi AF XCOPF 727 heading to Cancun from Mex City depart
PAT400 C-12U Huron arrived at Curacao yeasterday from a San Juan PR depart
Bank Stocks Puke As Yellen Reportedly Warns Of 'More Mergers' Ahead
Amid a major short-squeeze which has lifted the regional bank stocks almost 10% this week - the best week since Nov 2020 - CNN is reporting that during Thursday’s meeting with the CEOs of large banks, Treasury Secretary Janet Yellen told executives that more bank mergers may be necessary as the industry continues to navigate through a crisis, two people familiar with the matter told CNN. Yellen echoed remarks from US regulators who have said there may be bank mergers in the current environment, one person familiar with the matter said. Additionally, this is nothing new as during an interview with Reuters this week, Yellen said a certain degree of consolidation in the regional and mid-size banking sector could occur. “This might be an environment in which we’re going to see more mergers, and you know, that’s something I think the regulators will be open to, if it occurs,” Yellen told Reuters. Roughly translated that means expect more imminent bank failures. “Consolidation is inevitable,” said Ed Mills, Washington policy analyst at Raymond James.
“The progressive backlash is the Catch-22.”
Overall, regional banks took an immediate hit…With some of the more headline-worthy names really hammeredInterestingly,the readout provided by the Treasury Department following that meeting noted that Yellen addressed the banking stress, reaffirming the “strength and soundness of the US banking system” and thanking the bankers for “their leadership and support.” But that readout did not mention discussion of bank mergers.
However, sources tell CNN that bank mergers were discussed during Yellen’s meeting with bank CEOs. And this came at the very second when Fed Chair Powell was reassuring the public that the US banking system was "strong and resilient".
https://www.zerohedge.com/markets/bank-stocks-puke-yellen-reportedly-warns-more-mergers-ahead
https://finance.yahoo.com/quote/KRE
https://finance.yahoo.com/quote/PACW
>>18801778 pb US 1 Month T Bill up 25% from yesterday to today May 5th
2-month Treasury yield jumps to 5.22% ahead of Powell’s panel appearance
The 2-month T-bill rate led Friday’s rise in Treasury yields as investors continued to focus on the debt-ceiling debate and awaited an 11 a.m. Eastern time appearance by Federal Reserve Chairman Jerome Powell. The rate was up 20.1 basis points at 5.219% from Thursday’s close of 5.018%, according to 10:30 a.m. figures from Tradeweb data. The 2-month rate has been up every trading day since May 11, though is still short of the all-time high of 5.322% it reached on May 4. The rate’s history only dates back to October 2018, when the 2-month bill was first issued.
https://www.marketwatch.com/story/2-month-treasury-yield-jumps-to-5-22-ahead-of-powells-panel-appearance-365e9224
Pause of prime rates now at 85%..was 71% yesterday
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html
banks been nationalized (effectively) since the 2008 financial coup d’etat
The FDIC just doing shotgun marriages just like in 2007/8/9 consolidation/mergers call it whatever ya want (Janet doesn't give a shit either) the TBTFs still get positive deposit flows when they create the chaos in the regionals/smaller commercials which is what this has always been about.CBDC isstill a ways off but coming.
All it takes is a Chuck Schumer ala 2008 with Indysmack
aye 100% agree on that re: CR agencies-complicit for decades.
They (ISDA) tried to declare default of the Russian bonds but that din't work cause they made payments on the few $ bonds it had but yet Evergrande has never been d'graded by anyone and they just let it go on and on.
and at the same time contracts get bought hard in PMs
https://www.kitco.com/charts/livegold.html
https://www.kitco.com/charts/livesilver.html
BOJ chief points to "extremely high" cost of hasty policy changes
Bank of Japan Governor Kazuo Ueda on Friday warned of the "extremely high" cost of premature monetary tightening that would dampen prospects of attaining a stable 2 percent inflation rate, as he made his case for persisting with the current ultralow rate policy.
Regarding the possibility of tweaking the central bank's yield cap program, blamed for distorting bond markets, Ueda said at an event he will carefully weigh the pros and cons of the central bank's policy steps. Financial markets speculate that the BOJ will need to modify or scrap its program to keep borrowing costs extremely low to support the economy through government bond-buying. The country's inflation rate has remained above the target of 2 percent for over a year, adding pressure on the dovish BOJ to tweak its policy. "The cost of impeding the nascent developments toward achieving the 2 percent price stability target, which is finally in sight, by making hasty policy changes, would likely be extremely high," Ueda said in his speech at a gathering of the Research Institute of Japan.
The BOJ chief added that the cost of waiting for underlying inflation to move toward 2 percent is not as high as prematurely tightening monetary policy. "It is appropriate to take time to decide on adjustments to monetary easing toward a future exit," he said. Under its yield curve control program, short-term interest rates are set at minus 0.1 percent, while 10-year Japanese government bond yields are guided to around zero percent. Ueda said consumer inflation will start to slow later this year as the effects of rising import costs, amplified by a weak yen, will dissipate. While the outcome of recent annual wage negotiations between labor unions and management is encouraging, he said the central bank wants to see if wage growth will continue and further spread to smaller firms so its inflation target can be attained stably.
https://english.kyodonews.net/news/2023/05/448d08ecddf8-boj-chief-points-to-extremely-high-cost-of-hasty-policy-changes.html
Translated: don't expect them to raise rates…ever
https://tradingeconomics.com/japan/government-bond-yield
Meanwhile….while the G7 goes on….
Nikkei powers to Japan's 1990 'bubble' era peak
Japan's stock benchmark rallied on Friday to the highest since August 1990, the country's "bubble" era, driven by a confluence of positive factors from strong earnings to an economy showing signs of revving up and optimism over a U.S. debt ceiling deal.
https://www.reuters.com/markets/asia/nikkei-powers-japans-1990-bubble-era-peak-2023-05-19/