Discussion in Space "ABCs of the FTDs" today covered mostly systemic stuff. Florian's research will be published soon where you can see examples of tickers like #AMC al👇.

One for my fellow SciFi fans.

📢Here we are! As announced in our X space with Susanne Trimbath PhD yesterday, ESMA - EU Securities Markets Regulator 🇪🇺 is currently working on Technical Standards for CSDR + CSDR. Here are 3 consultations. Plz read+send us your thoughts, notes, remarks. We put them in the reply. Deadline 9/9/24!👇 Let's go! ✍️

This one is especially important for anyone concerned that brokers can hide #FTD from US regulation & transparency (what there is of it🥴) by sending them off-shore.

Weekly average Federal Reserve balance sheet jumped 77% from 2008 to 2009. As of 10 May 2023, Fed’s balance sheet was $8.5 trillion, nearly ten times its value at beginning of 2008. Started coming down: stands at $7.1 trillion Aug 2024. fred.stlouisfed.org/release/tables…

Whatever Powell said, in the end it is all about credibility. Here's a look back at the history of Fed credibility on inflation and interest rates. stlouisfed.org/publications/r…

To me, this reveals (again) fact that banks/brokers are NOT keep track of whose money & shares they hold & transact. They must have sent accountants to lunch while they came up with this. Any accountant/CPA worth their salt would have this at their fingertips. kristen shaughnessy

Susanne Trimbath, the economist you hate to love! 🤣

Re: what happens if broker goes bust with your phantom shares. It's a l-o-n-g wait! ** 2008 Lehman bankruptcy. ** 2017 NSCC closed books on LBI. ** 2022 SIPC closes case. ** 2023 LBI Liquidating Trust had $20B+ non-cash, unliquidated, speculative assets w/$0 recovery potential.

⚠️ETFs: an accident waiting to happen! "ETFs constitute 10% of U.S. equity market capitalization but over 20% of short interest & 🚨78% of failures-to-deliver"🚨! (R.B. Evan's, 2018, "ETF Short Interest and FTDs") 20% of #ETF trades #FTD in EU.

ICYMI

DRS only since 1988.

In 2009, Master of the Universe Ben Bernanke told Senate he wasn’t worried that printing bailout money would generate future inflation. “When the economy begins to grow again, the Federal Reserve is very comfortable” they will be able to deflate their bloated balance sheet.

Dear Wells Fargo Bank Wells Fargo, How do I hate thee? Let me count the ways: 1. All CDs auto-renew by default. 2. Cannot change auto-renew until the day it matures. 3. All documents say to call an 800 number for service on the CD, BUT 4. Must talk to banker in person to

🤫 Please don't tell, but... Somehow, I manage to avoid this👇 algo. Only see them occasionally when someone I follow reposts, usually with a witty retort.

You: Where are my shares? Broker: My dog ate the certificate. Same S#it, different day. See "Naked, Short and Greedy", especially Chapter 18.

x.com/i/spaces/1dRJZ…