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.
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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
May 307 min read
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.
1,090 views
R. Christopher Whalen
May 246 min read
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
817 views
R. Christopher Whalen
Apr 159 min read
Zombie Banks & Budget Deficits
The fixation with the idea of resolving large zombie banks without public expense is evidence of our collective delusion.Â
842 views
R. Christopher Whalen
Apr 77 min read
A Rising Floor on Interest Rates? | Update: Bank OZK
Only in the strange confines of Washington do you still find people who think that the federal budget deficit is not a problem.
1,049 views
R. Christopher Whalen
Apr 14 min read
Big Banks Good, Small Banks Bad
Based upon the three-month returns through the end of Q1 2024, NYCB ranked at the bottom of the 108 public banks in Peer Group 1.
771 views
R. Christopher Whalen
Mar 285 min read
Inflation & the Passion of Jerome Powell
Perhaps Chairman Powell will be kind enough to fall on his sword on way out the door to make things easier for a future Chairman Waller...
1,075 views
R. Christopher Whalen
Mar 197 min read
Top-Five Banks: Q1 '24 Earnings Setup
We see higher credit costs, narrowing NIM and still rising funding costs squeezing the banking industry in Q1 2024...
586 views
R. Christopher Whalen
Mar 46 min read
Should FOMC Members Avoid the Media? The WGA Top 100 Banks
More often than not, Fed Governors use media appearances to enhance their personal celebrity rather than doing their jobs.
592 views
R. Christopher Whalen
Feb 297 min read
Update: UWMC & Rocket; Rate Cut Dreams Fade
Industry leaders believe that the FHFA wants the GSEs to offer issuers "repurchase insurance" to the tune of 25bps per loan.
585 views
R. Christopher Whalen
Feb 156 min read
Interest Rates, Mortgage Lenders & MSRs
While there are a great number of people inside the Fed who ponder the appropriate level of reserves in the system, they don't really know
648 views
R. Christopher Whalen
Jan 249 min read
Interview: Bill Kennedy of RiskBridge Advisors
Volatility remains perhaps the biggest risk factor today, mostly because of a lack of visibility on unexpected risks.
789 views
R. Christopher Whalen
Jan 205 min read
With Commercial Property, the Equity Goes First
The key thing to remember with commercial real estate is the change in price volatility and direction that has occurred since COVID.
1,274 views
R. Christopher Whalen
Jan 88 min read
Bank Reserves & Treasury Auctions
As the public debt of the US grows, after all, the implicit claim of the Treasury on all private US assets also grows.
1,213 views
R. Christopher Whalen
Dec 15, 20237 min read
Rates Rally Financials, But Credit Fears Remain
The key term for risk managers and investors in 2024 remains unchanged from this year: Volatility.
483 views
R. Christopher Whalen
Dec 8, 20234 min read
Stocks, Interest Rates and Reverse RPs
Simply stated, with T-bills trading significantly above the yield on RRPs, there is no reason for MMFs to leave cash at the Fed
707 views
R. Christopher Whalen
Nov 27, 20236 min read
The Moral Hazard of Jerome Powell
Instead of seeking authority from Congress, Chairman Bernanke and other members of the FOMC merely turned on the public spigot.
1,733 views
R. Christopher Whalen
Oct 30, 20234 min read
Rate Peak Emerges, Deflation Looms
One of the effects of QE has been making many banks and real estate investors insolvent, a precursor to debt defaults.
1,507 views
R. Christopher Whalen
Oct 17, 20234 min read
Charles Schwab Unwinds the QE Trade
Rising interest rates are not good for bank earnings or bank equity valuations.
1,574 views
R. Christopher Whalen
Oct 15, 20237 min read
Bank Earnings Takeaways -- JPM, WFC and Citi
Bank earnings can be best described as cautiously mediocre, but as usual the Street proclaimed that three banks "beat the estimates"
728 views
Christopher Whalen
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