Engagement farmers don’t like being called out. They try and claim you are doing what they are in fact doing. Then they block you because they can’t handle being called out for being the vultures they are. Ignore engagement farming accounts. They will lose you money.
BeerWaves retweeted
Since the Fed started QT in 2022 - and rapidly accelerating post SVB failure - the incremental need of Large Domestic Banks to borrow Cash from one another in "the market" has continued to increase significantly
H.8 Borrowings of Large Domestic Banks were less than $400B in March of 2022 - when rates to Borrow were 0%
As of last week, H.8 Borrowings have now hit $1.063T - and rates to Borrow are now 4.25%
For a Bank, borrowing cash liabilities from each other, or from MMFs in the market is very different than creating deposit liabilities through making new loans to customers.
Borrowing this cash means the Banks themselves now also have Loans to repay. This means the ability to re-borrow this money every day (or when these loans mature) is also critical, and now something the market continuously relies on.
Wells Fargo borrowed $188 billion last quarter. Let that sink in.
This is a 🚨🚨sign of desperation.
They don’t have the 💵
Here’s the ? no one’s asking:
Where are they going to get the next $188 billion?
It’s systemic risk—quiet & dangerous
$WFC
