The Institutional Risk Analyst

If we told you that the Trump White House was planning to end the issuance of all agency MBS, how do you think this will impact financials?

President Trump is using the threat of tariffs to change the behavior of some of our trading partners, particularly Canada and Mexico. 

But what happens if the US simply picks up the proverbial football and goes home?

If Thomas Edison were alive today, would he tell Elon Musk to make electric cars with batteries?

Fed Chairman Jerome Powell now reports up to National Economic Council head Kevin Hassett.

Kevin Hasset is now effectively Powell’s boss on everything other than monetary policy.

Banks continue to show a strong preference for late vintage loans over securities, a fact which may cause loan yields to continue falling

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

In the strange world of Washington, speaking truth in public is a capital crime. Truth is often revealed accidentally.

With Gov Michael Barr stepping down from bank supervision, perhaps Fed Chairman Jerome Powell is more willing to test liquidity lower bound

Cute reference to "average cost," but total return to date would be of greater interest.

Indeed, if President Trump wants to be rid of Jerome Powell he can simply impeach him for violations of the Federal Reserve Act

What happens to the Trump Trade and the broader equity markets if the FOMC passes on a December rate cut?

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

Could President elect Donald Trump be facing a maxi market correction before inauguration day?

The changes that are going to occur in Washington over the next four years will be dramatically different than during Trump I.

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. 

Whenever you hear the magic words "blockchain" and "digital tokens," it's a good guess that whatever follows is nonsense.

In opposing Basel III, Chopra is doing the bidding of Senator Elizabeth Warren (D-MA) but big banks are very happy to have no rule at all.