Tuesday , February 7 2023
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October 12th bottom…

Summary:
This bottom on October 12th might be where the increase in government interest income overcame the reduction in NPVs due to the risk free rate increase itself… This corresponds with the recent bottom in Depository system Residual (Assets - Liabilities ie implied Capital)  here:Just depends on the first derivative of Fed policy rate increases… if they maintain current plan of reducing the magnitude of periodic increases then this bottom will probably stand and we’re in the clear from these morons…

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This bottom on October 12th might be where the increase in government interest income overcame the reduction in NPVs due to the risk free rate increase itself… 

October 12th bottom…


This corresponds with the recent bottom in Depository system Residual (Assets - Liabilities ie implied Capital)  here:


October 12th bottom…


Just depends on the first derivative of Fed policy rate increases… if they maintain current plan of reducing the magnitude of periodic increases then this bottom will probably stand and we’re in the clear from these 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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