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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
Posted on 06/09/2023 11:01:56 AM PDT by 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?
(Excerpt) Read more at confoundedinterest.net ...
TOPICS: Business/Economy; Food; Government; Politics
KEYWORDS: banks; biden; fed; volatility
Biden and the Deep State Fed, ruining America.
To: Kaiser8408a
“volaltility is necessary for a well-functioning capital market.”
Why?
To: Kaiser8408a
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.
To: Kaiser8408a
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.
4
posted on
06/09/2023 11:33:17 AM PDT
by
blackdog
((Z28.310) My dog Sam eats purple flowers.)
To: Kaiser8408a
(And I’m not smart enough to know what that really means?)
5
posted on
06/09/2023 11:34:55 AM PDT
by
blackdog
((Z28.310) My dog Sam eats purple flowers.)
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