May 16, 2023
Glen speaks with veteran journalist Michael Lev about the supply
chain expert’s recent encounter with Chat GPT in which the platform
confessed to making stuff up. Also- more on deposit outflows and
the sketchy definition of a “small bank.” (Gordon Lightfoot
soundtrack optional)
Links related to this episode:
MxD’s Chain Mail newsletter, and Mike’s tale of ChatGPT’s
“hallucination”: https://mailchi.mp/mxdusa.org/chainmail-package-delivery-blues
Reuters’ coverage on how the much-hyped “deposit outflows” only
affected a small group of “super-regionals”: https://www.reuters.com/markets/us/deposit-outflows-after-svb-collapse-concentrated-among-super-regionals-ny-fed-2023-05-11/
New York Fed research underpinning Reuters’ story: https://libertystreeteconomics.newyorkfed.org/2023/05/bank-funding-during-the-current-monetary-policy-tightening-cycle/
Last week’s BIGCast featuring retired Fed executive Rich Oliver on
the latest Payments Study, and a look at deposit insurance
hysteria: https://www.big-fintech.com/Media?p=payments-then-and-now
Glen’s blog on key takeaways from the Fed’s Payments Study:
https://www.big-fintech.com/Media?p=a-belated-christmas-gift-new-fed-payments-data
Join us Wednesday May 24 at 3pm ET/Noon PT for the latest edition
of the CU Digital Town Hall, a live, lively and interactive meeting
of industry leaders sharing best practices on the top issues
impacting the credit union movement. Moderated by John Best of BIG
and Mike Lawson of CU Broadcast: https://www.cutownhall.com/
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