Bank Liquidity & Quantitative Tightening (QT)
A "normal" level for US bank deposits would be closer to $15 trillion than $19.9 trillion today.
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The Institutional Risk Analyst
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Banks | Markets | Fintech
Christopher Whalen
R. Christopher Whalen
- Apr 26, 2022
- 6 min
Deflation, Not Inflation, is the Threat
Xi Jinping in China and Putin in Russia have turned their backs on the global economy to retain power
1,136 views
R. Christopher Whalen
- Apr 20, 2022
- 5 min
Ukraine & the Return of Credit Risk
Just imagine how global markets will react when Putin deploys tactical nuclear weapons in Eastern Ukraine to avoid a military defeat
538 views
R. Christopher Whalen
- Mar 31, 2022
- 5 min
Why the FOMC Cannot Sell its Mortgage Bonds
With MBS prices falling, the FOMC may have to accept the natural runoff rate for the MBS in the SOMA for many years to come
3,456 views
R. Christopher Whalen
- Jan 6, 2022
- 5 min
Interest Rates, Stocks & MSRs
We think the chart below from FRED is worth any amount of words on the impact of QE on equity market valuations.
524 views
R. Christopher Whalen
- Dec 16, 2021
- 6 min
The End of Money Market Funds
The SEC has finally decided to do the unthinkable, namely repudiate the admittedly fanciful idea of liquidity on demand at par.
958 views
R. Christopher Whalen
- Oct 6, 2021
- 5 min
Powell Reappointment Still Likely
Amidst the yelling and screaming of Elizabeth Warren, we suspect that Jay Powell will survive the crisis
406 views
R. Christopher Whalen
- Sep 13, 2021
- 7 min
Debt Ceilings & Interest Rate Floors
When Treasury market yields trade and stay negative, look for the Federal Reserve Board to come to the rescue of MM funds and banks.
824 views
R. Christopher Whalen
- Jul 6, 2021
- 6 min
Jay Powell Defends the Lower Bound
We anticipate a shift in deposits out of banks and into the Fed that could further complicate liquidity in Q3 2021.
617 views
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