The Fed Models the Weather Although It Can't Even Stress Test Treasuries

The Fed Models the Weather Although It Can't Even Stress Test Treasuries

On January 10, Fed Chairman said the Fed ‘will not be a climate policymaker’. Under...

Never Ending Financial Crisis? US Bank Deposits Were Declining Already When SVB Failed

US commercial banks deposits (red line) had been slowly declining even before Silicon Valley Bank...

The Next Bank Crisis Is Coming Right Up, Commercial Real Estate Implosion

“More than 50% of the $2.9T in commercial mortgages will need to be renegotiated in...

Were Recent Bank Failures the Result of Lax Regulation? In a Word, No

With the recent collapse of Silicon Valley Bank and Signature Bank, financial markets all around...

ISM Manufacturing PMI Crashes To Recessionary Levels As Bank Credit Growth Stalls

I read over the weekend that the Biden Administration was planning to unleash its army...

Inflation Drives Fed Tightening = Crashing US Bank Credit YoY (Now Only 2.73%)

Inflation started with Biden’s misguided war on US energy, then Biden/Congress helped inflation with an...

First Republic Bank: Dark Pool Trading by “Rescuers” Exploded in Volume as FRC Tanked

Jamie Dimon, the Chairman and CEO of JPMorgan Chase, has cranked up his public relations...

Downsizing the Administrative State

“To more fully restore the separation of powers intended by the founders, SCOTUS must soundly...

US Navy Challenges Beijing in South China Sea Amid Taiwan Drills: Bloomberg

A US Navy destroyer passed through waters claimed by Beijing in the South China Sea...

Debt Crunch Looms for Weaker Economies With a Wall of Bond Maturities Ahead

A combination of sticky high interest rates and lacklustre global growth could push a number...

Wall Street Bank Earnings Under Pressure After Crisis

Most Wall Street banks are likely to report lower quarterly earnings and face a dour...

The Credit Crunch the Fed Fears May Already Be Taking Shape

The concern now is how far and fast that unfolds....

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