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US banks move to reduce deposits

Summary:
Hey really nice depository system you got there where Depositories can’t accept any deposits you f-ing morons...The pushing out of costly deposits is happening now. This post explains why - https://t.co/s2DJ0D5Bdw https://t.co/oIhxyAf1WY— FedGuy (@FedGuy12) May 4, 2021

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Hey really nice depository system you got there where Depositories can’t accept any deposits you f-ing morons...





Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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