Today's topics include high speed deposit flights, big banks vs. small banks, a game of telephone regarding Fed policy, what's next for commercial real estate?, the changing office dynamic, BoJ policy, a laundry list of the problems facing banks, hold to maturity vs. available for sale, positioning for peak hawkishness, and buy the dip
Today's topics include talkin' about the banking crisis with a crypto crowd, a credit crunch strains the economy, accounting gimmickry: hold-to-maturity vs. available-for-sale, too many banks in the U.S.?, the central bank blame game, stocks vs. sentiment, the banking crisis's effect on mortgage rates, and the dollar's slide
Today's topics include BlackRock pushes back on rate cuts, rising rates will eventually hit companies' bottom lines, quantifying shadow debt, economic contagion, countries' dependence on bank loans, the problems with inflation targets, life expectancy & retirement age, and the CFTC sues Binance
The Federal Reserve's H8 report details the assets and liabilities of commercial banks. The latest data shows deposit flight to higher-yielding options continues.
Today's topics include what the market thinks, FDIC finds a buyer for SVB's assets, where did SVB deposits end up?, how much could banking crisis hurt global growth?, the legalese of AT1 bonds, your daily update on the Fed's rate hike path, more on Yellen's flip-flopping, rent vs. own, the cost of government bailouts, and checking in on Russian energy flows
Today's topics include updating the Fed's balance sheet, too big to fail, looking for signs of stress abroad, the Yellen reversal, damned if you do..., how far will Powell go?, rush to cash, the 'big short 3.0', a better future for children? maybe not, and crypto founder arrested & charged
For the first time this hiking cycle, the funds rate has reached the market's expected terminal rate. This suggests the hiking cycle is over. If the Fed is done hiking because they broke something with their aggressive campaign, as they have done in the previous cycles, it is a disastrous time to own stocks.