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The Institutional Risk Analyst
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Update: Q1 2021 Bank Earnings
US banks are running at income levels that are less than half of a year ago...
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Mar 25, 20217 min read
Wag the Fed: Will the TGA force Rates Negative?
The risk presented by changes in behavior compelled by COVID have only begun to emerge into view in urban commercial real estate...
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Dec 14, 20207 min read
Financial Repression and Inflation Targets
No matter who wins the presidential election in November, have no doubt that Chairman Powell is the most important man in town...
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Sep 14, 20204 min read
Bank Earnings & Volatility | 55
Last week our comrade at Zero Hedge astutely noted that, in the October 2012 FOMC minutes, Fed governor and soon to be Chairman Jerome Powell opined that the Fed has a “short” position in volatility. Powell said:
“[W]hen it is time for us to sell, or even to stop buying, the response could be quite strong; there is every reason to expect a strong response. So there are a couple of ways to look at it. It is about $1.2 trillion in sales; you take 60 months, you get about $
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Jan 7, 20188 min read
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