Jeff Davenport
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jeffdavenport.bsky.social
Jeff Davenport
@jeffdavenport.bsky.social
440 followers 630 following 360 posts
Attorney practicing as General Counsel for a local government agency.

Jacksonville, Florida

https://linktr.ee/jeffreydavenport
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jeffdavenport.bsky.social
Im the least profane person in this shithole!
profanity.accountant profanity.accountant @profanity.accountant · 18h
@jeffdavenport.bsky.social has swears! They've used 4 profanities in their last 262 posts.

🥇 "hell" (3 times)
🥈 "crap" (1 times)
November 29, 2025 at 10:09 PM
jeffdavenport.bsky.social
What about me @profanity.accountant ?
November 29, 2025 at 9:57 PM
Reposted by Jeff Davenport
publichealthguy1.bsky.social
doing the gom jabbar test at physical therapy today
an open box where you unscrew nuts with a dune-looking black box in the middle resting on the screws
November 24, 2025 at 6:38 PM
jeffdavenport.bsky.social
All of you hating on Rogue One are half-witted nerf herders.
November 24, 2025 at 10:09 PM
jeffdavenport.bsky.social
When one company's stock drops 2.25% in one day - and it essentially crashes the stock market - the stock market is exposed as the largest ponzi scheme of all time.

#stockmarket #nvidia #econsky
November 20, 2025 at 8:34 PM
jeffdavenport.bsky.social
DYNAMIC IMBALANCE

#stockmarket #nvidia
jeffdavenport.bsky.social Jeff Davenport @jeffdavenport.bsky.social · 10d
I've seen enough...

The economy is #Nvidia and Nvidia is the economy. I'm not sure if it's algorithmic trading, or just the size and weight of Nvidia - but the market indexes are just an echo of NVDA.

This fact - plus algorithmic trading, #VIX, etc. = dynamic imbalance. #stockmarket #econsky
November 20, 2025 at 5:43 PM
jeffdavenport.bsky.social
And now they have diverged... #stockmarket
November 19, 2025 at 7:51 PM
jeffdavenport.bsky.social
I've seen enough...

The economy is #Nvidia and Nvidia is the economy. I'm not sure if it's algorithmic trading, or just the size and weight of Nvidia - but the market indexes are just an echo of NVDA.

This fact - plus algorithmic trading, #VIX, etc. = dynamic imbalance. #stockmarket #econsky
November 19, 2025 at 7:26 PM
Reposted by Jeff Davenport
cortlynsto.bsky.social
Hi #tealsky friends,
I’m selling my tickets to the jags game this Sunday.
Aisle seats section 203
Selling for face value $100/ea

Holla if you’re interested!
November 14, 2025 at 10:14 PM
jeffdavenport.bsky.social
Here’s a treat for everyone today - check out the songs of band Case Oats. I love everything about this band…

but the voice of singer Casey Walker is like a hug for my soul.

youtu.be/b6v4GApFr4Y?...
Buick Door
YouTube video by Case Oats - Topic
youtu.be
October 31, 2025 at 11:31 AM
jeffdavenport.bsky.social
Ratio is strong on this one. You have the right to remain silent - do what Kat did and exercise that right.
tarapalmeri.bsky.social Tara Palmeri @tarapalmeri.bsky.social · Oct 30
I just had a Katie Porter moment with congressional candidate Kat Abughazaleh. The interview lasted 3 minutes.
October 30, 2025 at 9:48 PM
jeffdavenport.bsky.social
I can’t wait to listen to tanner Spark’s @ambersparks.bsky.social new novel - “Happy People Don’t Live Here”

www.audible.com/pd/B0FR5X96X...
Screenshot of the book Happy People Don’t Live Here ion the audible app.
October 30, 2025 at 9:43 PM
Reposted by Jeff Davenport
peark.es
Fed cuts 25 bps as expected, Miran dissent (lol loser), Schmid dissented in favor of no change (hawkish!).

QT ends December 1.
peark.es George Pearkes @peark.es · Oct 29
Federal Reserve policy decision in about 10 minutes. Statement will be here @ 2:00p ET -> www.federalreserve.gov/newsevents/p...

Expect a 25 bps cut. A signal of more cuts to come would be dovish. Also quite possible they end QT given liquidity pressure is mounting (but not a major problem, yet)
Liquidity. One area of interest for the FOMC this week that has little to do with the economy or the lack of data due to the government shutdown is the rapid evaporation of liquidity over the past few months. For the purposes of this discussion, when we say “liquidity” we mean sufficient supplies of liquid assets in the repo market and Fed Funds market to keep rates on the target set by the FOMC. To illustrate, below we show the spread between the midpoint of the Fed Funds target range and market repo rates captured by the Secured Overnight Funding Rate (SOFR) benchmark that replaced LIBOR. SOFR is volume-weighted median repo rate and includes both tri-party repo where large batches of securities are financed via a clearing bank and deliveryversus-payment transactions which can reference general collateral or specific issues. It’s a comprehensive snapshot of repo markets and the rates they charge. This spread is quite volatile, so we show it with a LOESS trend, a form of regression designed to isolate the central tendency of a series with respect to time. Think of it as a fancier version of a moving average. As shown, while there were some spikes in the spread last fall, the trend never moved above zero and was well below its current range (around 10 bps above the midpoint). Since the start of September, there have been four different days when SOFR printed above the Fed Funds target range ceiling. Liquidity (con’t). As for the trend, it’s now the highest since the fall of 2019 when repo rates surged thanks to excess runoff during the quantitative tightening program of the time. If repo were to print consistently above the Fed Funds target range, it would represent a failure of monetary policy to control short-term interest rates, which would be a huge problem for implementation of monetary policy. The good news is that the financial system looks less desperate for liquidity now than it did then. For example, the spread between 99th percentile (highest) and 1 st per… Liquidity (con’t). In addition to rolloff, the more acute driver right now has been the surge in the Treasury General Account. After passage of the OBBB this past summer, the debt limit was raised which allowed Treasury to rebuild its cash position (the TGA is effectively Treasury’s checking account). As shown below, it’s risen by over $600bn in the past three months. Since the TGA is a liability of the Fed, assuming no change in Fed assets (and because of rolloff they are actually declining right now) increases in the TGA reduce liquidity elsewhere. Reserve assets of banks have fallen by over $450bn in the same period, illustrating the reduction of liquidity thanks to the changing composition of the Fed’s balance sheet. Liquidity (con’t). In addition to rolloff and the TGA balance rising, we also note that banks are illustrating a very strong preference to hold reserves in recent years. Reserves as a share of assets surged from 2008 to 2014 as QE created reserves that banks had to hold (as no other entities can hold them by law). The QE asset swap (which converts private sector holdings of bonds to holdings of deposits, with banks matching those deposit liabilities with reserve assets and the Fed matching reserve liabilities with security assets) meant reserves soared as a share of bank assets. QT during the late 2010s drove down the share, but ultimately it bottomed (and created liquidity issues) at much higher levels than pre-crisis. That elevated reserve asset allocation by banks was driven mostly by post-GFC regulation which required greater liquidity in bank assets; reserves are by far the most liquid asset available. Another round of QE during COVID drove bank reserves as a share of assets back up again, but they’ve since stayed stable around 13% instead of falling to single digits. That may be in part because banks are sitting on significant paper losses in bond portfolios purchased during the COVID stimulus. As shown above, at their peak, unrealized losses … Liquidity (con’t). In other words, banks are holding more cash (reserves) than they otherwise might so they don’t have to book losses by selling bonds marked far above market prices, which would reduce the book value of equity. Over time, those underwater bonds will amortize down and asset growth will reduce their relevance, which is what has happened since 2021. But while that process plays out demand for reserves will remain inflated and combined with QT and the TGA rebuild liquidity conditions are tight as a result. Taken together, we would not be surprised to see the FOMC halt QT in aggregate (while continuing to shift composition of the balance sheet away from mortgage bonds and towards Treasuries, a process which should not have a significant effect on liquidity conditions). On the other hand, there is an insurance policy: since 2019, the FOMC has stood up an equivalent to the ON RRP designed to automatically provide liquidity via repo markets rather than remove it. So far that tool has not been used and Fed repo assets (provision of liquidity to the financial system via repo) has been negligible. Either way, expect some questions about liquidity for Chair Powell and in the minutes to this meeting when they are released at a lag. One final note. This evolving liquidity backdrop makes Dallas Fed President Lorie Logan’s September 25 speech (link) calling to move the policy target from the Fed Funds rate to a repo rate all the more interesting. While this doesn’t seem likely to happen soon, it’s
October 29, 2025 at 6:00 PM
Reposted by Jeff Davenport
esqueer.net
Don't engage. Just block. They want to push their rage bait on here. Don't give them the satisfaction.

bsky.app/profile/did:...
October 17, 2025 at 11:58 PM
jeffdavenport.bsky.social
This is just awful stuff!
carlquintanilla.bsky.social Carl Quintanilla @carlquintanilla.bsky.social · Oct 14
POLITICO: “.. They referred to Black people as monkeys and ‘the watermelon people’ and mused about putting their political opponents in gas chambers. They talked about raping their enemies .. and lauded Republicans who they believed support slavery.

@politico.com
www.politico.com/news/2025/10...
October 14, 2025 at 7:02 PM
jeffdavenport.bsky.social
The band Cheap Perfume are a revelation! I’m loving their new album.

This song is great!

youtu.be/ZjRFDrwhduI?...
Probably It's Capitalism
YouTube video by Cheap Perfume - Topic
youtu.be
October 8, 2025 at 11:08 AM
jeffdavenport.bsky.social
I’ve heard enough…

The Life of a Showgirl is another great album by Taylor Swift.

She continues to put out great music - and I think she’s the closest thing to Elvis the 21st century will see.
a record labeled the life of a showgirl with a woman standing in front of it
ALT: a record labeled the life of a showgirl with a woman standing in front of it
media.tenor.com
October 5, 2025 at 1:29 AM
jeffdavenport.bsky.social
Anybody else at the release party?
#TaylorSwift
#TheLifeofaShowgirl
October 3, 2025 at 10:22 PM
jeffdavenport.bsky.social
This is how I sext.
October 2, 2025 at 10:39 PM
Reposted by Jeff Davenport
pecknpaw.bsky.social
If my fellow #TealSky #DUUUVAL people are going to find themselves around Town Center next Tuesday why not stop in and meet a Jags player?
I'll tell who it is if this gets at least 3 RTs to help spread the word 👀
October 2, 2025 at 9:02 PM
Reposted by Jeff Davenport
kenwhite.bsky.social
Every few months now I re-read this "Who Goes Nazi?" piece from 1941 and am blown away by how it captures the people we are dealing with 80 years later.

harpers.org/archive/1941...
Who Goes Nazi?, by Dorothy Thompson
harpers.org
October 1, 2025 at 11:59 PM
jeffdavenport.bsky.social
Tom Nichols - logomachist
September 27, 2025 at 11:56 PM
jeffdavenport.bsky.social
I don't know if what is happening is fascist or not. It appears to be heading that way, but when does that term apply? I have no idea. I'm not a logomachist.

Whatever you choose to call it - it's unamerican, it's villainous, and it needs every one of us working together to stop it.
September 27, 2025 at 11:49 PM
jeffdavenport.bsky.social
For those of us who live in Duval - we've seen this movie before. #jaguars
Chart showing that the Jacksonville Jaguars are leading the NFL in dropped passes with 14.
September 23, 2025 at 8:12 PM