The Institutional Risk Analyst

Researchers at Apple just released a paper that throws cold water on the "reasoning" capabilities of the latest, most powerful large language AI models. In the paper, a team of machine learning experts makes the case that the AI industry is grossly overstating the ability of its top AI models, including OpenAI's o3, Anthropic's Claude 3.7, and Google's Gemini.

Folks in the financial sector are beginning to wonder if certain parts of the government apparatus will continue to function.

The real threat of tariffs announced by Trump is not inflation, but rather a LT decline in the dollar as the global reserve currency

As a practical matter, no Fed chairman or governor can function without the support of the White House and the US Treasury.

You can tell lies and damn lies about the idea of releasing Fannie and Freddie, but the SEC and FINRA cannot and will not say a word. 

Powell won’t hit the two percent target, but he won’t change the target either.

Obviously, there should be no interest rate cuts by the FOMC without deficit reduction by Congress.

Now let’s take a look at how some members of the banking and fintech sector are doing in the first month of 2024.

Little attention is being paid to the collateral damage being done by the FOMC to the debt capital markets

Q: What do Elon Musk and Masayoshi Son have in common? Gigantic margin loans...

Fact is, we are all staring at computers or handsets, all of which are connected to the internet.

Could the tether market and a small, little-known private bank in the Bahamas be the precursor of the next systemic market event in the US?