The Fed And The Death Of Market Volatility, Bank Deposits Continue To Dwindle (VIX Down To 13.50)

Confounded Interest ^ | 06/09/2023 | Anthony B. Sanders

[Kaiser8408a]

The Federal Reserve doesn’t care if market volatility has collapsed, even though volaltility is necessary for a well-functioning capital market.

The VIX, volatility of the CBOE S&P 500 index, has declined to 13.5 as The Fed continues to slow M2 Money growth.

And with M2 money withrawal, so goes bank deposits.

Is Jerome Powell actually Uncle Limelight?

[Kaiser8408a]

Biden and the Deep State Fed, ruining America.

[TexasGator]

“volaltility is necessary for a well-functioning capital market.”

Why?

[Toddsterpatriot]

And with M2 money withrawal, so goes bank deposits.

He whined when money supply was growing, now he's whining that money supply is shrinking.

[blackdog]

My retail bank wouldn't offer more than .05% on money market checking accounts, so I move it elsewhere once it builds a bit. Last week the teller incited me inside and the branch manager met me at the door like I was his long lost bestest friend. He offered me 4.85% with a 15K minimum balance. He was really hungry like a car salesman. I told him that for 10 years your bank insults me, and in a span of six months you raise my offered rate like 800%?

I said no thank you and am happy with my 5.06% at another institution.

The banks are really hungry for cash now, which I have not seen in 15 years.

[blackdog]

(And I’m not smart enough to know what that really means?)