Powell FOMC Folds on Inflation
As the federal debt rises, bank reserves must rise as well and with it inflation.
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The Institutional Risk Analyst
© 2003-2024 | Whalen Global Advisors LLC All Rights Reserved in All Media | ISSN 2692-1812
Banks | Markets | Finance
R. Christopher Whalen
- Sep 4
- 5 min
Banks: Passive Strategies Lag Active Management
In the third quarter of publishing the Indices, so far picking quality banks seems to matter more than following the passive ETF herd
432 views
R. Christopher Whalen
- Aug 25
- 7 min
Universal Banks: Should TD Buy Schwab & Sell Its US Operation?
SCHW needs to take advantage of their strong operating leverage and repair some needless damage done during COVID by inept bank management.
690 views
R. Christopher Whalen
- Aug 5
- 5 min
Wine, Grapes & Inflation; WGA Bank Top 50 Index Q3 2024
The WGA Bank Top 50 is, well, the top half of the population, but far better in quality than the bottom quartile.
634 views
R. Christopher Whalen
- Jul 30
- 6 min
Yellen's FSOC: Housing Policy Dreams vs Mortgage Market Reality
Yellen's proposal for a backstop is merely a canard to help Treasury avoid another fiasco next time a Ginnie Mae issuer fails
695 views
R. Christopher Whalen
- Jul 18
- 6 min
Update: Pinnacle Financial & Synthetic Credit Risk Transfer
We hear in the channel that banks with festering multifamily exposures are paying north of 10% for similar CRT transactions.
720 views
R. Christopher Whalen
- Jul 7
- 10 min
Goldman Sachs Fails Fed Stress Test
Notice that the Fed stress test is silent on trillions of dollars in mark-to-market losses facing US banks from COVID-era securities
2,924 views
R. Christopher Whalen
- Jul 3
- 7 min
Who Leads the Asset Gatherers? | SCHW, MS, GS, AMP, RJF & SF
The larger banks led the way in January and February, but today the top 25 names in terms of total return include many smaller banks.
579 views
R. Christopher Whalen
- Jul 1
- 8 min
USSC Kills Chevron | Zombie Banks Pass Stress Tests?
The Fed bank stress tests are another sign of magical thinking in Washington.
898 views
R. Christopher Whalen
- Jun 17
- 5 min
Interview: Brian Barnier on the Fed and Inflation in Never Never Land
In the 1950s through maybe into the late 1990s, the FOMC could control mortgage interest rates....
544 views
R. Christopher Whalen
- Jun 10
- 9 min
Interview: Robert Brusca on the Federal Open Market Committee
Powell won’t hit the two percent target, but he won’t change the target either.
680 views
R. Christopher Whalen
- Jun 2
- 2 min
WGA Releases Bank Quarterly Q2 2024
The unrealized losses on COVID era securities remain a huge problem for banks large and small, especially if long-term interest rates rise
790 views
R. Christopher Whalen
- May 30
- 7 min
At the Federal Reserve Board, It's 1927 All Over Again
Obviously, there should be no interest rate cuts by the FOMC without deficit reduction by Congress.
1,076 views
R. Christopher Whalen
- May 24
- 6 min
Interest Rates, Deficits & Inflation
We think it is reasonable to push expectations of a cut in the target for Fed funds into Q1 2025.Â
815 views
R. Christopher Whalen
- May 8
- 6 min
Portfolio Update & Mortgage Survivors
The survivors in mortgage finance optimize operations around purchasing loans from brokers/ correspondents, and direct to consumer (DTC)
473 views
R. Christopher Whalen
- Apr 29
- 3 min
WGA Bank Top 100 Index | Q2 2024
Our Bank Top 10 and Top 25 indices continue to outperform the industry benchmarks, but the broader samples show growing financial stress
572 views
R. Christopher Whalen
- Apr 24
- 7 min
The Death of Leverage; What's the WAC of Bank America?
The yield on BAC's $320 billion commercial and industrial (C&I) book was just 5.4% or more than 150bp below peer at year-end 2023.
931 views
R. Christopher Whalen
- Apr 4
- 7 min
Vanguard & Black Rock Control JP Morgan? | PNC & United Wholesale Mortgage
BK and Vanguard are above the 4.9% legal limit on ownership of voting shares of a bank. This fact gives the FDIC et al the power...
890 views
R. Christopher Whalen
- Mar 13
- 7 min
Inside the WGA Bank Top 10 Index
So what makes the WGA Bank Top 10 unique? Below we provide some quantitative and qualitative comments on each of the ten best US banks
605 views
R. Christopher Whalen
- Feb 25
- 5 min
WGA Releases Top 50 Bank Index | What's in Your ETF?
Not all banks or companies are the same and not all follow the herd.
1,107 views
Christopher Whalen
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