R. Christopher WhalenOct 17, 20234 minCharles Schwab Unwinds the QE TradeRising interest rates are not good for bank earnings or bank equity valuations.
R. Christopher WhalenJun 12, 20235 minBank Deposits vs US Treasury BillsRemember, for every $1 in debt redeemed on the books of the Fed, a bank deposit disappears.
R. Christopher WhalenJun 5, 20232 minThe IRA Bank Book | Q2 2023 Industry OutlookHow much of book value do banks lose as the Fed adjusts interest rates to fight inflation?
R. Christopher WhalenMar 21, 20235 minWinners & Losers in the New Gilded AgeMark Twain called Washington ''the grand old benevolent National Asylum for the Helpless'' in his classic "The Gilded Age."
R. Christopher WhalenNov 28, 20226 minIs JPMorgan Chase Insolvent?The US banking industry has been rendered insolvent by the Federal Open Market Committee