Capital One reports September Card Metrics. Domestic net charge-off rate of 2.93% vs 2.02% last month (91 bps sequential change) with delinquency rate of 3.17% vs 2.76% last month (41 bps change). Bad debts are increasing. $COF

#shadowbanking #Viewpoint: "Banks Need to Worry About Shadow Banks; The boom in market-based finance has taken risks away from regulated lenders, but recent crises show they’re still exposed." bloomberg.com/opinion/articl… #NBFI

The Dark Index (DIX) has never been this high for this long. Liquidity is excellent. Dealers are happily supplying S&P to customers, who are buying hand over fist.

One the most hilarious fact in this SVB/Signature debacle is that in Q4 2022 the geniuses at Signature decided to hedge the rates risk of their book... in the wrong direction !!! I can't stop laughing GENIUSES KKGB

the entire repo market visualized

If there’s one thing you read today it must be Andy Verity’s sensational account of what really happened with Libor rigging. New evidence reveals coordinated manipulation by international central banks. thetimes.co.uk/article/1d409a…

Digital Realty’s Ex-Chairman Raises Alarming Governance Issues dgtlinfra.com/digital-realty… Laurence Chapman raises concerns about corporate governance at Digital Realty. #dgtlinfra #digitalinfrastructure #datacenter #datacenters #DataCenterREITs #hyperscale #cloud #colocation $DLR

$DLR with the friday after the close ATM offering and the monday morning AI press release. I mean you can't draw it up better than that

Incredibly, the placebo effect is (mostly) not real. It is a result of statistical confusion. Whenever you have a group with extreme values, they tend to exhibit regression to the mean. Eg. on average, sick people tend to become more healthy over time. Thus if you give one

Unsurprisingly, that's exactly what we see. Receivables went up from $4080 mn to $7066 mn. From Q1 to Q2, receivables went up by $2986 mn as revenues increased by $6315 mn. That's 73% growth in receivables for 88% growth in "revenues".

🚨👀 The 2-10 spread is uninverting. I repeat the 2-10 spread is uninverting. Closed nearly half the distance in one day today.

Kauphöll Íslands er búin að loka fyrir viðskipti með hlutabréf Marel en það er enn opið fyrir viðskipti í Hollandi, hvernig er það, er það ekki hlutverk markaða að meta óvissu? Það er eins gott að Kauphöllin sé með góða skýringu.

The end of a business model in one chart: #Germany industrial production.

Ölgerðin virðist ekki vera á twitter. Samfélagsleg ábyrgð fyrirtækja fjallar líka um að taka ekki þátt í því að láta Miðborg Reykjavíkur líta út eins og hnignandi breskur strandbær.

Specifically, a dis-inversion which happens after a long period of yield curve inversion is THE macro signal that has historically indicated weak growth ahead. Take a look at the chart below: it's the dis-inversion investors should watch closely, not the initial inversion. 6/

companies will force a 90-day password policy just for employees to do this: >password1 >password2 ... >password55

Crypto (BEAR) Legend Q1 spring… they are clearly running fast

CEO Technician Praise ꓘeK Inquisitor So Cameco is secretly trying to bust the JV and shoot itself in the foot on the hope this will lead to higher U prices and a net increase in profits? Wow, that some 4D chess.