Instead of blocking Substack, Musk should allow links but only to paying users who are already monetizing on the other side and are using Twitter for distribution.
How far are we from the reserve constraint? Looks like the Fed's $400BN liquidity injection bought 6-8 weeks for small banks. A rapid shrinkage of newly injected reserves just means the next bank crisis round will come that much faster
Did bank deposits rise or fall? Depends if you prefer seasonally adjusted numbers or actuals. Adjusted, deposits at large banks tumbled -$40BN, and small banks -$45BN Unadjusted, large bank deposits rose $48.7BN and small bank deposits rose $25.7BN