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.
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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 287 min
Inflation & CRE Deflation Too? UMB Financial + Heartland = ?
With a budget deficit projected to be $1.8 trillion in 2024, the odds of the FOMC actually controlling inflation are pretty low.Â
766 views
R. Christopher Whalen
May 246 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
816 views
R. Christopher Whalen
May 227 min
MBA Aftermath; Profile: Merchants Bancorp (MBIN)
When NYC is forced to recognize reality, it will already be too late to avoid another fiscal crisis.
636 views
R. Christopher Whalen
May 206 min
Joe Biden Goes Subprime; Should Citi Buy NYCB/Flagstar?
Citi is a subprime lender. They should be directly involved in government lending.
972 views
R. Christopher Whalen
May 157 min
The Bull Case for Large Banks
Big banks have big CRE exposures, too. So what drives this marvelous progression up the wall of worry?
562 views
R. Christopher Whalen
May 137 min
Yellen FSOC Punts on Mortgage Servicers; WGA Bottom 25 Banks
Are there bank bargains down in the cellar waiting to be discovered?
907 views
R. Christopher Whalen
May 1010 min
Freddie Mac Buying HELOCs? Really Meredith? | UWMC & Disappearing MSRs
We think Whitney’s comments about a surge in new lending from Freddie Mac buying home equity loans are poorly considered
3,558 views
R. Christopher Whalen
May 86 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
May 59 min
Debt Deflation in CRE? PFSI, COOP & RKT
If the run-of-the-mill Republic First interest rate mark is 13.3% of assets that is not just wiping out one bank’s 8% capital but also FDIC
686 views
R. Christopher Whalen
May 15 min
Then Old Media Became Redunzl
When will Disney decide to sell some or all of its streaming operations to keep the lights on at its theme parks?
537 views
R. Christopher Whalen
Apr 293 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
574 views
R. Christopher Whalen
Apr 247 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.
932 views
R. Christopher Whalen
Apr 217 min
TCBI v Ginnie Mae Goes to Trial | Outlook for Commercial & Residential Mortgage Finance
McCargo's actions and the fact that the case has not been dismissed in its entirety is very unhelpful given current market conditions.
1,179 views
R. Christopher Whalen
Apr 176 min
Update: Bank of America & Charles Schwab
BAC is in big trouble, not due to credit but because of sub-par asset returns. BAC’s return on assets has fallen to just 0.8% in Q1 2024
637 views
R. Christopher Whalen
Apr 159 min
Zombie Banks & Budget Deficits
The fixation with the idea of resolving large zombie banks without public expense is evidence of our collective delusion.Â
839 views
R. Christopher Whalen
Apr 1110 min
GSE Release? Really? Update: Ally Financial
You take the GSEs out of conservatorship, the big banks led by JPMorgan and U.S. Bancorp will own the conventional loan market
1,930 views
R. Christopher Whalen
Apr 77 min
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 47 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...
902 views
R. Christopher Whalen
Apr 14 min
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.
770 views
Christopher Whalen
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