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The Institutional Risk Analyst
© 2003-2025 | Whalen Global Advisors LLC All Rights Reserved in All Media | ISSN 2692-1812
Banks | Markets | Finance


Trading Points: Banks, Interest Rates & MSRs
Some of the smaller holders of MSRs may ask themselves if selling right now is not the best strategy over a 36-48 month horizon.Â
R. Christopher Whalen
16 hours ago8 min read
170 views


Trump Volatility: Go to Cash? Or Go Shopping?
The paper money economy created by President Franklin Delano Roosevelt in 1933 trapped Americans and the world into using fiat dollars.
R. Christopher Whalen
3 days ago7 min read
570 views

Trade, Taxes & GSE Release
Who are the two most powerful people in the Trump White House?
R. Christopher Whalen
Apr 94 min read
303 views


Fear & Loathing on Wall Street: GS, MS, AMP, SCHW, RJF, SF
Some of the largest banks by assets have dropped from the top quartile into the bottom half of the distribution for the top 100 banks
R. Christopher Whalen
Apr 88 min read
361 views


Trump, Tariffs, Silver and the American Dream
US history over the past century was largely written by liberal Democrats, who at least rhetorically opposed tariffs and embraced inflation
R. Christopher Whalen
Apr 68 min read
732 views


AIG Reflux: Private Equity Collapse Threatens US Insurers
Is the flow of toxic waste pouring from busted private equity portfolios into credit trades a threat to insurance companies? Yup.
R. Christopher Whalen
Apr 36 min read
3,186 views


Rocket + Redfin + Mr. Cooper = First in Class
COOP and RKT, plus RDFN, creates an integrated business of realty, lending, servicing and asset management that is impressive
R. Christopher Whalen
Apr 15 min read
341 views


How Will Consumer Lenders Fare in a Serious Recession?
Many voices in the media and elsewhere have been predicting an economic slump since 2023. Didn’t happen, but 2025 is very different.
R. Christopher Whalen
Mar 2811 min read
413 views


Memo to Bill Pulte and Scott Turner: How to Make Housing More Affordable
A more efficient mortgage backed securities market benefits everyone by lowering mortgage rates and making home ownership more affordable.
R. Christopher Whalen
Mar 256 min read
632 views


Q: Which Top Seven Bank is Most Vulnerable in a Recession?
If we consider the larger picture, we already have years of pent-up credit expenses awaiting realization, but add to the sauce Donald Trump.
R. Christopher Whalen
Mar 2314 min read
639 views

Trump, Powell and the Banks
Even as President Donald Trump demands rate cuts, the Powell FOMC is sharply reducing US economic growth estimates
R. Christopher Whalen
Mar 206 min read
380 views


Housing Finance Outlook | Q2 2025
There is an old rule on Wall Street that industry sectors like airlines and auto manufacturers are trades rather than investments...
R. Christopher Whalen
Mar 1611 min read
1,038 views


Banks Slide as Asset Sales Accelerate
If we told you that the Trump White House was planning to end the issuance of all agency MBS, how do you think this will impact financials?
R. Christopher Whalen
Mar 115 min read
620 views


Silicon Valley and the Large Bank Dead Pool
When you see a bank with more than 10% of total assets in MBS, that's a big red flag in our book.
R. Christopher Whalen
Mar 97 min read
700 views


Trading Points: Trump, Housing & Private Credit
President Trump is using the threat of tariffs to change the behavior of some of our trading partners, particularly Canada and Mexico.Â
R. Christopher Whalen
Mar 57 min read
425 views


Trump, Trade Deficits & the Dollar
But what happens if the US simply picks up the proverbial football and goes home?
R. Christopher Whalen
Mar 35 min read
506 views

WGA Releases Q1 2025 Bank Industry Survey | Higher for Longer May Throttle Deposit Growth
Industry results in 2024 were reasonably good, but the banking industry is still 200 bp below 2019 levels of asset and equity returns
R. Christopher Whalen
Feb 282 min read
189 views

Logan Riffs on SOMA; XYZ and SYF Say No Recession Yet
Like 2023 and 2024, the year 2025 may end up being relatively stable, yet investors remain worried about stealth externalities.
R. Christopher Whalen
Feb 258 min read
236 views


Trump Tariffs Drive Auto Industry Consolidation
If Thomas Edison were alive today, would he tell Elon Musk to make electric cars with batteries?
R. Christopher Whalen
Feb 246 min read
321 views


Trumpian Wave Threatens Key Markets
Fed Chairman Jerome Powell now reports up to National Economic Council head Kevin Hassett.
R. Christopher Whalen
Feb 207 min read
676 views
Christopher Whalen
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