With deposits still falling, govt/Wall St trying desperately to figure out what to do.

May 22, 2023

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Treasury Secretary Yellen held talks with major Wall Street CEOs and bank advisors, raising the subject of further bank mergers. Though that part of the discussion wasn't in the official readout, it was reported anyway and something Yellen had already said in public just a little while ago. There is every reason to believe there is more big trouble ahead. Govt/Wall Street discussions of "mergers" is just more confirmation.

Eurodollar University's weekly conversation w/Steve Van Metre

Reuters: Yellen expects US regulators to be open to mergers among midsize banks
https://www.reuters.com/markets/yellen-expects-us-regulators-be-open-mergers-among-midsize-banks-2023-05-13/

CNN: Janet Yellen told bank CEOs more mergers may be necessary, sources say
https://www.cnn.com/2023/05/19/investing/janet-yellen-bank-mergers/index.html

Semiannual Monetary Policy Report to the Congress
Chair Janet L. Yellen Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C.
https://www.federalreserve.gov/newsevents/testimony/yellen20140715a.htm

IBD: Foot Locker Spirals As Inventory Issues Trip Up Shoe-Sector Stocks
https://www.investors.com/news/foot-locker-spirals-as-inventory-issues-trip-up-shoe-sector-stocks/

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Jeffrey Snider (The Promoter) is acting as a promoter for an investment advisory firm, Atlas Financial Advisors, Inc. (AFA). Jeffrey Snider is affiliated with AFA as a promoter only and is not in any way giving investment advice or recommendations on behalf of AFA. The Promoter is being compensated by a fee arrangement: The Promoter will receive compensation on a quarterly basis, based on the increase in account openings that can be reasonably attributed to the Promoter's activity. The Promoter will not be receiving a portion of any advisory fees. The Promoter has an incentive to recommend the Adviser because the Promoter is being compensated. The opinions expressed on this site and in these videos are those solely of Jeffrey Snider and Eurodollar University and do not represent those of AFA.