B Brooks

This is Pepper Jack. He’s a lovely dog I met in Harlem, New York today. He’s landed on tough times and was surrendered to the shelter. I thought it would be lovely to use Twitter to find him a forever home. This is his story, he’s a gentle soul… (1/6) 🧵

@EricBalchunas please post link to SEC website where announcement is released TY

I love that they used New Jersey Time.. altho accurate I said it jokingly in a reply to someone altho I may use from now on. New York gets enough love

@sophiegreenart Rhinos have a bite force of a tiger and can easily flip a car. This captures the true nature of the beast that doesnt kill other animals to eat and yet is still a beast. Go vegan and stop the uneccesary murder of Earth's other rightful inhabitants.

‘Broken II’, 60x80cm acrylic on linen canvas. sophiegreenfineart.com/broken-ii

@GordonJohnson19 @Davesally6 @SecYellen @federalreserve Tks for the post. If reserves are down it implies banks, depositors, etc are finding better places than the 5% IOER the Fed is offering - ex putting the cash into money market funds, stocks, bonds, etc? Is this right?

@Davesally6 @SecYellen IF... & that's a VERY big IF... the @federalreserve doesn't shift back to outright QE when the RRP is drained, this will result in a fall in bank reserves, which have a VERY high correlation to the direction of the S&P 500 (reserves up = stocks up; reserves down = stocks down).

Wow... the Reverse Repo ("RRP") account fell another ~$50bn... JUST TODAY. At this rate, it will be gone by the end of Jan. 2024. The RRP is de facto QE-infinity $ printed during 2020-21 that was sitting dormant. It's now being used to buy up @SecYellen's bonds (this is QE).

@AlexOttaBTC Future POW competitors? Central bank operated?

@NeriOxman And yet humans kill billions of Earth's inhabitants who have the same rights to life and all the while looking past their own laws of thou shalt not kill. Hypocrites at the core.

The architecture … the “humanity” of it all … the density of life, living, loving, longing, and the art of building, of course. Beautiful.

@EricBalchunas thanks please drop a link or name of podcast attended today thanks

ARK kicks off the S-1 Amendment-athon. Ahead of the pack as usual. Unclear yet what was changed tho, AP mentioned a ton but not named. Assuming that will prob come in the very final effective update just prior to launch. But we still don't know if they have signed agreement.

@EricBalchunas Hi Eric, Thanks for the xclnt coverage, what podcast were you and James on today? Go Birds

ETFs flows are +$105b in Dec so far, have decent shot to break all-time monthly record set in Dec 2021 and at $567b YTD a decent shot to have 2nd best year ever passing last year's $594b. $SPY still on top w/ $49b (which if it holds would be all time record for single ETF)

@JSeyff Hi James what podcast were you and Eric on today? Thanks

Surprised not to have seen any amended bitcoin etf filings today. At least not yet. Guessing we see over the next couple hours?

@Bio_Hax1 send

@ChadSteingraber GLD is 57bln, is there an analogue here worth exploring?

—DAY 146— As soon as the #BTC ETF’s are available the independent RIA’s (wealth managers) will be allocating 1-5% from a total of 8 Trillion. That’s just the independent RIA’s. That isn’t the big brokerage firms, that’s not the trillions from family offices.. THE FLOOD

@ZzenderzZ @KobeissiLetter please indulge us, they're hedged yes?

@KobeissiLetter Judging by the comments, not many on X understand anything about banking or accounting and aren’t hesitant to spread their “knowledge” and fear.

BREAKING: Unrealized losses on investment securities held by US banks hit $684 billion in Q3, according to the FDIC. This marks a 22.5% jump compared to unrealized losses seen last year. The jump was primarily driven by rising mortgages rates reducing the value of mortgage-backed securities held by banks. Despite these challenges, the FDIC states that banks remain "well capitalized." This comes as usage of the Fed's emergency funding facility for banks hit another record high of $114 billion. Did the banking crisis ever really end?

How Cody's Metastasis Disappeared. youtu.be/w7cI3W5PJz4?si… via @YouTube

Gut Microbiome Can Impact Canine Cancer Treatment Response youtu.be/yrVu27HDwC0?si… via @YouTube

@FDGenetics Isnt what you do simply m rder of another species that shares most of your dna but because they cant communicate in your language or defend themselves are consequently forced to die at your unsympathetic hand? Man's laws are only for humans? yeah, you're saving the planet.

I seriously can’t make this up

@vanessasierra00 prefer natural stupidity anyway

sdasdasjkdhalda

@BanUnsweetTea @CalebFranzen @BobBobz9 @carlquintanilla Dont understand how money is created. Little research will serve well.

@CalebFranzen @BobBobz9 @carlquintanilla Very dumb question here, if money is going to money market funds, and there is a huge outflow of deposits, how can banks lend?

APOLLO: “Deposits in the banking sector have declined by almost $600bn since the Fed began to raise interest rates, the biggest banking sector deposit outflow on record.” [Slok]

After a slightly tricky morning I had my longest loveliest cuddle yet with #sophiefromromania