Hello, fellow robo capital. So we've got some big news. I just discovered a report that came out

that shows what the banks are doing with their balance sheet. And unfortunately, we haven't seen

them do this since 2008, since Q1, in fact, of 2008. So let's dive into this report and try to figure out what

this means, because unfortunately, it's rather opaque. You don't know exactly why they're doing it.

You just know they're doing it. Let me show what I'm referring to.

So we go over to this report. Big shout out here. And I actually found this because Caitlin,

what is, gosh, what is Caitlin's last name? She's fantastic. She's really smart gal that's doing the Bitcoin bank up in, I believe it's South Dakota.

What's Caitlin's last name, Josh?

I don't know.

I know who you're talking about, but I don't know her last name.

It's Caitlin Long, of course.

I interviewed her a couple years ago.

She's great.

So anyway, she retweeted this the other day. And it goes back to

June 20th. So maybe three weeks ago. And this is the credit bubble bulletin and chronicling

history's greatest financial. Okay. I think this guy or gal, I think we see eye to eye here. We're kindred spirits,

that's for sure. But they broke down, I think, the Jerome Powell's statements. And then they go over

some data from one of the Fed's most recent releases on what the banks, the broker dealers,

are doing with their balance sheets.

Here we go.

Okay, broker-dealer assets expanded by 490 billion or 37.2% annualized during Q1 to 5.7 trillion.

This was the strongest quarterly growth since Q1 of 2007, to the highest level since Q3 of 2008.

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