@MarylandHODL21@Puncher522@dotkrueger@Block1Capital@darkside2030 Great article. Hey @grok : the author seems to imply that $strc taxation is different in the initial period until the equity investment is returned through the interest payments. Do I get this right? Explain please.
@assos_com approved my crash policy replacement but I never received the new jersey ... An honest mistake maybe but they do not respond to my emails anymore ...
@timevalueofbtc Doing the same thing. Massively powerful. Takes a while to structure the document store. Continuous angst to do it wrong and it not being able to scale. Any guide you used?
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Good morning.
After a month of increasing usage, overnight borrowing (need for dollars) exploded on Friday to $50 billion, mostly in the afternoon session and not posted by the Fed but captured on Bloomberg. This need caused SOFR (borrowing rate) to explode to 35 bps above the Fed Funds rate. While some increased activity is expected at month end, these are serious red flags that the financial system is on the verge of locking up unless the Fed adds liquidity soon.
Have a great week.