Interview: Brian Barnier on the Fed and Inflation in Never Never Land
In the 1950s through maybe into the late 1990s, the FOMC could control mortgage interest rates....
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The Institutional Risk Analyst
© 2003-2024 | Whalen Global Advisors LLC All Rights Reserved in All Media | ISSN 2692-1812
Banks | Markets | Finance
R. Christopher Whalen
Jun 109 min read
Interview: Robert Brusca on the Federal Open Market Committee
Powell won’t hit the two percent target, but he won’t change the target either.
684 views
R. Christopher Whalen
Jun 22 min read
WGA Releases Bank Quarterly Q2 2024
The unrealized losses on COVID era securities remain a huge problem for banks large and small, especially if long-term interest rates rise
792 views
R. Christopher Whalen
May 307 min read
At the Federal Reserve Board, It's 1927 All Over Again
Obviously, there should be no interest rate cuts by the FOMC without deficit reduction by Congress.
1,090 views
R. Christopher Whalen
May 246 min read
Interest Rates, Deficits & Inflation
We think it is reasonable to push expectations of a cut in the target for Fed funds into Q1 2025.
817 views
R. Christopher Whalen
May 86 min read
Portfolio Update & Mortgage Survivors
The survivors in mortgage finance optimize operations around purchasing loans from brokers/ correspondents, and direct to consumer (DTC)
475 views
R. Christopher Whalen
Apr 293 min read
WGA Bank Top 100 Index | Q2 2024
Our Bank Top 10 and Top 25 indices continue to outperform the industry benchmarks, but the broader samples show growing financial stress
577 views
R. Christopher Whalen
Apr 247 min read
The Death of Leverage; What's the WAC of Bank America?
The yield on BAC's $320 billion commercial and industrial (C&I) book was just 5.4% or more than 150bp below peer at year-end 2023.
935 views
R. Christopher Whalen
Apr 47 min read
Vanguard & Black Rock Control JP Morgan? | PNC & United Wholesale Mortgage
BK and Vanguard are above the 4.9% legal limit on ownership of voting shares of a bank. This fact gives the FDIC et al the power...
916 views
R. Christopher Whalen
Mar 137 min read
Inside the WGA Bank Top 10 Index
So what makes the WGA Bank Top 10 unique? Below we provide some quantitative and qualitative comments on each of the ten best US banks
624 views
R. Christopher Whalen
Feb 255 min read
WGA Releases Top 50 Bank Index | What's in Your ETF?
Not all banks or companies are the same and not all follow the herd.
1,132 views
R. Christopher Whalen
Feb 214 min read
Does CapitalOne + Discover Financial = Shareholder Value?
Elizabeth Warren and progressives in Congress should support COF's purchase of Discover as a way to compete with monopoly JPMorgan
489 views
R. Christopher Whalen
Jan 249 min read
Interview: Bill Kennedy of RiskBridge Advisors
Volatility remains perhaps the biggest risk factor today, mostly because of a lack of visibility on unexpected risks.
791 views
R. Christopher Whalen
Jan 187 min read
Banks Slow Walk Commercial Real Estate Losses
As reflected in the valuations for JPM, WFC and BXMT, institutional investors are still not that concerned about commercial real est losses
762 views
R. Christopher Whalen
Jan 33 min read
Comments on Basel III Endgame
The Basel III proposal reflects a view of financial risks facing US banks that is decades out of date and ignores market risk
750 views
R. Christopher Whalen
Dec 8, 20234 min read
Stocks, Interest Rates and Reverse RPs
Simply stated, with T-bills trading significantly above the yield on RRPs, there is no reason for MMFs to leave cash at the Fed
707 views
R. Christopher Whalen
Nov 27, 20236 min read
The Moral Hazard of Jerome Powell
Instead of seeking authority from Congress, Chairman Bernanke and other members of the FOMC merely turned on the public spigot.
1,733 views
R. Christopher Whalen
Nov 20, 20236 min read
Yield Curve Normalization Good for Banks?
We think that doing nothing is a fool’s trade, to be blunt, because the next Treasury refunding could pull market yields sharply higher.
1,042 views
R. Christopher Whalen
Nov 17, 20236 min read
Recessions Signs in Texas & China
The mood in the Dallas mortgage community is subdued, much like the atmosphere after an especially good party.
535 views
R. Christopher Whalen
Sep 27, 20239 min read
SoftBank as Systemic Event; Update: Charles Schwab & Co
The public behavior and decision-making processes of SoftBank suggest that the organization is in trouble.
1,281 views
Christopher Whalen
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