[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.] #  @wabuffo Bill The current focus is on the impact of the recent stablecoin bill on the market, with some analysts noting that it hasn't led to the expected growth in stablecoins like USDC. Despite excitement around the bill's passage, the quantity of USDC in circulation has actually declined. Meanwhile, other market trends are being watched, including employment taxes, treasury yields, and corporate earnings reports. ### Engagements: XXXXXX [#](/creator/twitter::139079883/interactions)  - X Week XXXXXX +72% - X Month XXXXXXX -XX% - X Months XXXXXXXXX -XXXX% - X Year XXXXXXXXX -XX% ### Mentions: XX [#](/creator/twitter::139079883/posts_active)  - X Week XX +329% - X Month XX +6.70% - X Months XXX -XX% - X Year XXX -XX% ### Followers: XXXXXX [#](/creator/twitter::139079883/followers)  - X Week XXXXXX +0.26% - X Month XXXXXX +0.66% - X Months XXXXXX +8.20% - X Year XXXXXX +32% ### CreatorRank: XXXXXXX [#](/creator/twitter::139079883/influencer_rank)  ### Social Influence [#](/creator/twitter::139079883/influence) --- **Social category influence** [finance](/list/finance) [stocks](/list/stocks) [cryptocurrencies](/list/cryptocurrencies) [currencies](/list/currencies) **Social topic influence** [fed](/topic/fed) #555, [balance sheet](/topic/balance-sheet) #446, [$19t](/topic/$19t), [$an](/topic/$an) #2, [banking](/topic/banking) #846, [$3t](/topic/$3t) #9, [labor market](/topic/labor-market), [federal reserve](/topic/federal-reserve) #241, [checking](/topic/checking), [accounting](/topic/accounting) **Top assets mentioned** [AutoNation, Inc. (AN)](/topic/$an) [Gigantix Wallet (GTX)](/topic/$gtx) [Carvana Co. (CVNA)](/topic/$cvna) [Autozone Inc (AZO)](/topic/autozone) ### Top Social Posts [#](/creator/twitter::139079883/posts) --- Top posts by engagements in the last XX hours "US labor market" [X Link](https://x.com/wabuffo/status/1976647371632300412) [@wabuffo](/creator/x/wabuffo) 2025-10-10T13:53Z 35.2K followers, 40.9K engagements "Not really. The Fed (and Fedwire) has a different currency = reserves. Banks can try to convert assets to reserves with other banks or borrow reserves from other banks. But its not really currency in circulation or banknotes or deposits. And the Federal Reserve is the only entity that can control the total reserves in circulating in the system" [X Link](https://x.com/wabuffo/status/1979174215678071099) [@wabuffo](/creator/x/wabuffo) 2025-10-17T13:14Z 35.2K followers, 12.9K engagements "Yes - and how does SVB satisfy those transfers to other banks Answer: It must match those deposit transfers with reserve transfers to those same banks. That's how it works - all nationally chartered banks have "checking accounts" at the Fed. Bank accounting: Asset: reduce reserves by $1000 (at the Fed via Fedwire) Liability: reduce deposits by $1000" [X Link](https://x.com/wabuffo/status/1979141733888782569) [@wabuffo](/creator/x/wabuffo) 2025-10-17T11:05Z 35.2K followers, XXX engagements "@deerpointmacro give us a review" [X Link](https://x.com/wabuffo/status/1979328951597306105) [@wabuffo](/creator/x/wabuffo) 2025-10-17T23:29Z 35.2K followers, 1077 engagements "Great quarter for $GTX. Repurchased $22m of common stock & raises guidance for the full year" [X Link](https://x.com/wabuffo/status/1948343699726795123) [@wabuffo](/creator/x/wabuffo) 2025-07-24T11:25Z 35.2K followers, 14.8K engagements "@BlacklionCTA Real surplus in September (in terms of reserve balance flows into/out of TGA) = $26.109B (Total surplus + by other means = +$197.950 - 171.841) For the fiscal year (same method) deficit was $1.9T" [X Link](https://x.com/wabuffo/status/1978887553995464921) [@wabuffo](/creator/x/wabuffo) 2025-10-16T18:15Z 35.2K followers, 2842 engagements "The main issue is some bank or banks will end up short of reserves & get in danger of being in an overdrawn position on its Fed master acct by end of day. It will lead to panic bidding for reserves from other banks. This will cause the Fed to lose control of its IORB target. It will then have no choice but add reserves to the system by expanding its balance sheet" [X Link](https://x.com/wabuffo/status/1979002757865525702) [@wabuffo](/creator/x/wabuffo) 2025-10-17T01:53Z 35.2K followers, 3249 engagements "@e_jex @MMTmacrotrader Sure - but its not $200B. The fiscal year end surplus at Sept is still $1.9T or roughly XXX% of GDP. That's not the least bit contractionary" [X Link](https://x.com/wabuffo/status/1979246023147979255) [@wabuffo](/creator/x/wabuffo) 2025-10-17T17:59Z 35.2K followers, XXX engagements "Really bad take. Misunderstands the change in business strategy" [X Link](https://x.com/wabuffo/status/1980311699321450652) [@wabuffo](/creator/x/wabuffo) 2025-10-20T16:34Z 35.2K followers, 16.4K engagements "I get that. Look at Carvana Auto Receivables Trust 2025-P2: The total initial principal balance of the auto receivables is $650m with a weighted avg APR of XXXX% (70%-ish prime 30%-ish subprime). The senior notes (A-1A-2A-3A-4) make up XX% of total UPB & yield 4.6%. The mezz notes (BCD) make up XX% & yield XXX% The difference between the APR on the pool of receivables & the yield on the notes (12.8% - 5%) is what protects the notes from losses. The rest goes to the subordinate/equity residual interests. Are CVNA's assumptions for a gain on sale on these pieces conservative/aggressive I have" [X Link](https://x.com/wabuffo/status/1978474501844181426) [@wabuffo](/creator/x/wabuffo) 2025-10-15T14:54Z 35.2K followers, XXX engagements "I might get that 9-handle I've been calling for on the DXY yet this year" [X Link](https://x.com/wabuffo/status/1735340494601801813) [@wabuffo](/creator/x/wabuffo) 2023-12-14T16:46Z 35.2K followers, 2875 engagements "Solid earnings report from my fave regional bank - $CASH . One of its best qualities is that it is fast becoming the Autozone of regional banks due to its prodigious share repurchase program" [X Link](https://x.com/wabuffo/status/1949956185597112521) [@wabuffo](/creator/x/wabuffo) 2025-07-28T22:12Z 35.2K followers, 7997 engagements "@BickerinBrattle Actually just $26B surplus" [X Link](https://x.com/wabuffo/status/1979004076491723262) [@wabuffo](/creator/x/wabuffo) 2025-10-17T01:58Z 35.2K followers, 1417 engagements "@BickerinBrattle I think you are mistaken. While in an excess reserves regime its true that there's no transaction volumes because total system reserves are ample banks can and still do occasionally borrow reserves from other banks or from the FHLBs by using various assets as collateral" [X Link](https://x.com/wabuffo/status/1979179353071133001) [@wabuffo](/creator/x/wabuffo) 2025-10-17T13:35Z 35.2K followers, 1900 engagements "@John_J_Ahearn @BickerinBrattle SVB failed in a couple of days" [X Link](https://x.com/wabuffo/status/1979184208070230224) [@wabuffo](/creator/x/wabuffo) 2025-10-17T13:54Z 35.2K followers, XXX engagements "The stress is an annual affair. Here are the last X quarters for JPM. From $202B in Q3 2024 up to $232B in Q4 2024 all the way down to $166B in Q2 2025 (latest Q Sep Q not out yet). Hardly looks fixed to me based on annual stress test. Is your checking account balance fixed Mine isn't Neither are banks checking accounts at the Fed because there are huge flows of reserve clearing happening every day at Fedwire between banks with each other and between banks and the US Treasury. And these daily clearing amounts at Fedwire are not tiny. $4.4T per day vs $3T total US banking system reserves" [X Link](https://x.com/wabuffo/status/1979189577463021713) [@wabuffo](/creator/x/wabuffo) 2025-10-17T14:15Z 35.2K followers, XXX engagements "I get that. Reserve levels fluctuate based on value transfer flows at Fedwire. There could be tiny intra-day overdrafts (with penalty rates) today but the system ran on daylight overdrafts pre-GFC. That's why the entire banking sector needed just $5-$10B of total system reserves. That practice is strongly discouraged today" [X Link](https://x.com/wabuffo/status/1979918563268812801) [@wabuffo](/creator/x/wabuffo) 2025-10-19T14:32Z 35.2K followers, XX engagements "The probability of temporary disruptions in distribution of reserves increases if the Fed reduces its balance sheet to a total level that increases that probability. Even the Fed doesn't know exactly where that point is because its a dynamic system. The Fed recently released a study that pegged the minimum level at XX% of avg daily Fedwire volumes. That would equate to a level of $3T today" [X Link](https://x.com/wabuffo/status/1979921587802440128) [@wabuffo](/creator/x/wabuffo) 2025-10-19T14:44Z 35.2K followers, XX engagements "Total reserves in the banking sector fell below $3T again yesterday (the Fed's red line level). With o/n RRP essentially at zero & the US Treasury still building up its TGA the Fed should really be thinking about ending QT like yesterday" [X Link](https://x.com/wabuffo/status/1978960973642781069) [@wabuffo](/creator/x/wabuffo) 2025-10-16T23:07Z 35.2K followers, 25.1K engagements "ok - which foreign central bank hit the Fed up for $2B in USD liquidity this week" [X Link](https://x.com/wabuffo/status/1976651876117737631) [@wabuffo](/creator/x/wabuffo) 2025-10-10T14:11Z 35.2K followers, 21K engagements "On the other hand "liquidity" (after a brief pause due to a bumper April tax season of tax inflows) is pouring out of the US Treasury into private sector hands again" [X Link](https://x.com/wabuffo/status/1978963019586531682) [@wabuffo](/creator/x/wabuffo) 2025-10-16T23:15Z 35.2K followers, 8988 engagements "@victaurs the BaaS banks" [X Link](https://x.com/wabuffo/status/1979190819635507295) [@wabuffo](/creator/x/wabuffo) 2025-10-17T14:20Z 35.2K followers, XXX engagements "$AN in addition to selling cars has started to hold on its balance sheet the auto loans it originates. They are technically called receivables rather than loans and appear as a working capital item instead of a long-term asset. This reflects a growing business whose investment in loans could be moved to the investing portion of the cash flow statement by a good analyst. On a TTM basis operating cash flow from operations is over $X billion (ex these auto loan receivable assets)" [X Link](https://x.com/wabuffo/status/1980318250908148013) [@wabuffo](/creator/x/wabuffo) 2025-10-20T17:00Z 35.2K followers, 4441 engagements
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
@wabuffo Bill
The current focus is on the impact of the recent stablecoin bill on the market, with some analysts noting that it hasn't led to the expected growth in stablecoins like USDC. Despite excitement around the bill's passage, the quantity of USDC in circulation has actually declined. Meanwhile, other market trends are being watched, including employment taxes, treasury yields, and corporate earnings reports.
Engagements: XXXXXX #
- X Week XXXXXX +72%
- X Month XXXXXXX -XX%
- X Months XXXXXXXXX -XXXX%
- X Year XXXXXXXXX -XX%
Mentions: XX #
- X Week XX +329%
- X Month XX +6.70%
- X Months XXX -XX%
- X Year XXX -XX%
Followers: XXXXXX #
- X Week XXXXXX +0.26%
- X Month XXXXXX +0.66%
- X Months XXXXXX +8.20%
- X Year XXXXXX +32%
CreatorRank: XXXXXXX #
Social Influence #
Social category influence finance stocks cryptocurrencies currencies
Social topic influence fed #555, balance sheet #446, $19t, $an #2, banking #846, $3t #9, labor market, federal reserve #241, checking, accounting
Top assets mentioned AutoNation, Inc. (AN) Gigantix Wallet (GTX) Carvana Co. (CVNA) Autozone Inc (AZO)
Top Social Posts #
Top posts by engagements in the last XX hours
"US labor market"
X Link @wabuffo 2025-10-10T13:53Z 35.2K followers, 40.9K engagements
"Not really. The Fed (and Fedwire) has a different currency = reserves. Banks can try to convert assets to reserves with other banks or borrow reserves from other banks. But its not really currency in circulation or banknotes or deposits. And the Federal Reserve is the only entity that can control the total reserves in circulating in the system"
X Link @wabuffo 2025-10-17T13:14Z 35.2K followers, 12.9K engagements
"Yes - and how does SVB satisfy those transfers to other banks Answer: It must match those deposit transfers with reserve transfers to those same banks. That's how it works - all nationally chartered banks have "checking accounts" at the Fed. Bank accounting: Asset: reduce reserves by $1000 (at the Fed via Fedwire) Liability: reduce deposits by $1000"
X Link @wabuffo 2025-10-17T11:05Z 35.2K followers, XXX engagements
"@deerpointmacro give us a review"
X Link @wabuffo 2025-10-17T23:29Z 35.2K followers, 1077 engagements
"Great quarter for $GTX. Repurchased $22m of common stock & raises guidance for the full year"
X Link @wabuffo 2025-07-24T11:25Z 35.2K followers, 14.8K engagements
"@BlacklionCTA Real surplus in September (in terms of reserve balance flows into/out of TGA) = $26.109B (Total surplus + by other means = +$197.950 - 171.841) For the fiscal year (same method) deficit was $1.9T"
X Link @wabuffo 2025-10-16T18:15Z 35.2K followers, 2842 engagements
"The main issue is some bank or banks will end up short of reserves & get in danger of being in an overdrawn position on its Fed master acct by end of day. It will lead to panic bidding for reserves from other banks. This will cause the Fed to lose control of its IORB target. It will then have no choice but add reserves to the system by expanding its balance sheet"
X Link @wabuffo 2025-10-17T01:53Z 35.2K followers, 3249 engagements
"@e_jex @MMTmacrotrader Sure - but its not $200B. The fiscal year end surplus at Sept is still $1.9T or roughly XXX% of GDP. That's not the least bit contractionary"
X Link @wabuffo 2025-10-17T17:59Z 35.2K followers, XXX engagements
"Really bad take. Misunderstands the change in business strategy"
X Link @wabuffo 2025-10-20T16:34Z 35.2K followers, 16.4K engagements
"I get that. Look at Carvana Auto Receivables Trust 2025-P2: The total initial principal balance of the auto receivables is $650m with a weighted avg APR of XXXX% (70%-ish prime 30%-ish subprime). The senior notes (A-1A-2A-3A-4) make up XX% of total UPB & yield 4.6%. The mezz notes (BCD) make up XX% & yield XXX% The difference between the APR on the pool of receivables & the yield on the notes (12.8% - 5%) is what protects the notes from losses. The rest goes to the subordinate/equity residual interests. Are CVNA's assumptions for a gain on sale on these pieces conservative/aggressive I have"
X Link @wabuffo 2025-10-15T14:54Z 35.2K followers, XXX engagements
"I might get that 9-handle I've been calling for on the DXY yet this year"
X Link @wabuffo 2023-12-14T16:46Z 35.2K followers, 2875 engagements
"Solid earnings report from my fave regional bank - $CASH . One of its best qualities is that it is fast becoming the Autozone of regional banks due to its prodigious share repurchase program"
X Link @wabuffo 2025-07-28T22:12Z 35.2K followers, 7997 engagements
"@BickerinBrattle Actually just $26B surplus"
X Link @wabuffo 2025-10-17T01:58Z 35.2K followers, 1417 engagements
"@BickerinBrattle I think you are mistaken. While in an excess reserves regime its true that there's no transaction volumes because total system reserves are ample banks can and still do occasionally borrow reserves from other banks or from the FHLBs by using various assets as collateral"
X Link @wabuffo 2025-10-17T13:35Z 35.2K followers, 1900 engagements
"@John_J_Ahearn @BickerinBrattle SVB failed in a couple of days"
X Link @wabuffo 2025-10-17T13:54Z 35.2K followers, XXX engagements
"The stress is an annual affair. Here are the last X quarters for JPM. From $202B in Q3 2024 up to $232B in Q4 2024 all the way down to $166B in Q2 2025 (latest Q Sep Q not out yet). Hardly looks fixed to me based on annual stress test. Is your checking account balance fixed Mine isn't Neither are banks checking accounts at the Fed because there are huge flows of reserve clearing happening every day at Fedwire between banks with each other and between banks and the US Treasury. And these daily clearing amounts at Fedwire are not tiny. $4.4T per day vs $3T total US banking system reserves"
X Link @wabuffo 2025-10-17T14:15Z 35.2K followers, XXX engagements
"I get that. Reserve levels fluctuate based on value transfer flows at Fedwire. There could be tiny intra-day overdrafts (with penalty rates) today but the system ran on daylight overdrafts pre-GFC. That's why the entire banking sector needed just $5-$10B of total system reserves. That practice is strongly discouraged today"
X Link @wabuffo 2025-10-19T14:32Z 35.2K followers, XX engagements
"The probability of temporary disruptions in distribution of reserves increases if the Fed reduces its balance sheet to a total level that increases that probability. Even the Fed doesn't know exactly where that point is because its a dynamic system. The Fed recently released a study that pegged the minimum level at XX% of avg daily Fedwire volumes. That would equate to a level of $3T today"
X Link @wabuffo 2025-10-19T14:44Z 35.2K followers, XX engagements
"Total reserves in the banking sector fell below $3T again yesterday (the Fed's red line level). With o/n RRP essentially at zero & the US Treasury still building up its TGA the Fed should really be thinking about ending QT like yesterday"
X Link @wabuffo 2025-10-16T23:07Z 35.2K followers, 25.1K engagements
"ok - which foreign central bank hit the Fed up for $2B in USD liquidity this week"
X Link @wabuffo 2025-10-10T14:11Z 35.2K followers, 21K engagements
"On the other hand "liquidity" (after a brief pause due to a bumper April tax season of tax inflows) is pouring out of the US Treasury into private sector hands again"
X Link @wabuffo 2025-10-16T23:15Z 35.2K followers, 8988 engagements
"@victaurs the BaaS banks"
X Link @wabuffo 2025-10-17T14:20Z 35.2K followers, XXX engagements
"$AN in addition to selling cars has started to hold on its balance sheet the auto loans it originates. They are technically called receivables rather than loans and appear as a working capital item instead of a long-term asset. This reflects a growing business whose investment in loans could be moved to the investing portion of the cash flow statement by a good analyst. On a TTM basis operating cash flow from operations is over $X billion (ex these auto loan receivable assets)"
X Link @wabuffo 2025-10-20T17:00Z 35.2K followers, 4441 engagements