Tuesday , November 5 2024
Home / Mike Norman Economics / System reserves

System reserves

Summary:
Total System reserves took a nice 50b drop last week but it does no good if Tsy runs TGA down by almost 200b at same time.. TGA account balance supposed to be 0b…. TGA reduction increases bank deposits while banks capital still under pressure from the Fed rate increasing psychos…TGA:TGA topped at around 550b coming up out of debt ceiling and rolled over taking financial asset prices with it since late July…  I think TGA should be back up to mid 400s as of yesterday’s Treasury operations…  These morons who can’t apply 8th grade Algebra caused another mini March “bank crisis!” here (Citi shares back to March lows) but hopefully it’s over this week if TGA bottomed and being adjusted back up over 550b…

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Jodi Beggs writes Economists Do It With Models 1970-01-01 00:00:00

Mike Norman writes 24 per cent annual interest on time deposits: St Petersburg Travel Notes, installment three — Gilbert Doctorow

Lars Pålsson Syll writes Daniel Waldenströms rappakalja om ojämlikheten

Merijn T. Knibbe writes ´Fryslan boppe´. An in-depth inspirational analysis of work rewarded with the 2024 Riksbank prize in economic sciences.

Total System reserves took a nice 50b drop last week but it does no good if Tsy runs TGA down by almost 200b at same time.. TGA account balance supposed to be $650b…. TGA reduction increases bank deposits while banks capital still under pressure from the Fed rate increasing psychos…



System reserves

TGA:

System reserves

TGA topped at around 550b coming up out of debt ceiling and rolled over taking financial asset prices with it since late July…  I think TGA should be back up to mid 400s as of yesterday’s Treasury operations…  

These morons who can’t apply 8th grade Algebra caused another mini March “bank crisis!” here (Citi shares back to March lows) but hopefully it’s over this week if TGA bottomed and being adjusted back up over 550b…





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.

Leave a Reply

Your email address will not be published. Required fields are marked *