Anonymous ID: 9c6bdf May 3, 2024, 3:10 p.m. No.20815713   🗄️.is 🔗kun   >>5747 >>5847 >>5987 >>6096 >>6111

Fed F**kery Turns $37BN 'Unadjusted' Bank Deposit OUTFLOW Into $126BN INFLOW

 

(This isn’t the first time they’ve played fun with numbers on this and won’t be last)

 

Money market funds added $23.6BN in assets last week, pushing the total funds under management back above $6 Trillion - still well off the highs (as some tax-related withdrawals remain lost)… Both retail and institutional funds saw inflows last week Amid all the talk of tapering, The Fed's balance sheet plunged $40BN last week to its lowest since Jan 2021 (with QT continuing at around $35BN)… The Fed's now-expired Bank Bailout fund (BTFP) saw a small decrease of just $1.375BN - inching closer to erasing all the arb-driven surge in demand for the facility, but leaving a whopping $12BN left out there filling holes in bank balance sheets… And after last week's almost unprecedented outflows, total bank deposits (seasonally-adjusted) rose by a huge $129BN to $17.58TN - that was the biggest rise in deposits since March 2021.But, by the magical power of Federal Reserve 'science', on a non-seasonally-adjusted basis, total bank deposits dropped $24BN….Excluding foreign deposits, the picture was just as farcical with seasonally-adjusted domestic deposits rising $126BN (Large banks +$111BN - biggest since April 2020, Small banks +$15BN), while non-seasonally-adjusted domestic deposits tumbled $36.7BN (Large banks -$7.2BN, Small banks -$29.5BN)… Don't try to make sense of the fact that the so-called seasonally-adjusted levels are more noisy than the unadjusted… … it's PhD-based 'science' stuff, you'd never understand!

For the third week in a row, total loan volumes rose (by $5.8BN) with large bank volumes rising $4.2BN and small bank volumes rising $1.6BN. Finally, bank reserves at The Fed continues to contract, while US equity market cap remains dramatically decoupled… Is Powell's acquiescence to a bigger, sooner 'QT taper' (in the face of not-under-control inflation) to soften the blow when this crocodile mouth snaps shut.

https://www.zerohedge.com/markets/bank-0

Anonymous ID: 9c6bdf May 3, 2024, 3:39 p.m. No.20815852   🗄️.is 🔗kun   >>5987 >>6096 >>6111

JASDF JF001Kishidaand JF002 777s Brasilia to Asunción, Paraguay and landed a little over 2h ago

 

 

Kishida, Lula agree to cooperate in efforts to tackle climate change

https://www3.nhk.or.jp/nhkworld/en/news/20240504_05/

 

Brazil's President Lula Encourages Japan's PM to Endorse Brazilian Beef

https://www.oneindia.com/international/brazil-lula-invites-japan-pm-to-taste-beef-011-3815897.html