The Institutional Risk Analyst

No amount of computer power can really, really enable you to predict when Fred and Wilma are going to sell or refinance their home.

The Powell FOMC has lost all credibility when it comes to financial markets or managing inflation and independence from the US Treasury

Every time there’s a critical problem in the banking system due to banker malfeasance, the Fed steps in to paper it over....

The Fed’s chief concern is keeping the Treasury debt market open and functional. Liquidity includes cash and risk-free collateral...

The risk presented by changes in behavior compelled by COVID have only begun to emerge into view in urban commercial real estate...

Don’t get distracted by the rising rate song from the Street. We don’t look for short or medium term interest rates to rise in the near term

No matter who wins the presidential election in November, have no doubt that Chairman Powell is the most important man in town...

The FOMC can accelerate lending, but it cannot ameliorate either the negative impact on credit or the torrent of loan prepayments...

Quarterly net income for all FDIC-insured commercial banks fell 70% YOY...