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The Institutional Risk Analyst
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Silicon Valley and the Large Bank Dead Pool
When you see a bank with more than 10% of total assets in MBS, that's a big red flag in our book.
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Mar 97 min read
Powell's Duration Trap, Banks and the US Treasury
The Fed by definition cannot make a profit and is always an expense to the Treasury, thus operating losses are a expense to the taxpayer
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Apr 9, 202312 min read
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.
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Jan 6, 20225 min read
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