R. Christopher WhalenAug 10, 20225 minThe FOMC Embraces Debt DeflationThe deflation of 2023 is about marking down all types of real assets to the price level that equates with a non-QE world.
R. Christopher WhalenJul 31, 20228 minShort Collateral & Long TantrumsDemand for risk-free collateral and liquidity is largely a function of how JPMorgan (JPM) CEO Jamie Dimon feels about risk on any given day
R. Christopher WhalenJul 24, 20226 minQuestions for Chairman PowellQE has created a gigantic interest rate mismatch across markets for banks, non-banks and other financial intermediaries including the GSEs
R. Christopher WhalenJul 21, 20225 minShould the FOMC Pause Rate Hikes After July? The real message to the FOMC is this: hike another 75bp in July and then let the Fed funds target sit for a few meetings...
R. Christopher WhalenJul 18, 20223 minDollar Remains World Reserve CurrencyOnce again the US is coming out of a global crisis as the cleanest dirty shirt in the laundry.