Another day in the land of Central Bank bubbles.
We’ve got a heartache tonight … in terms of bank lending. Particularly commercial and industrial lending (C&I) and auto loans. Particularly since bank lending is the primary transmission vehicle for Federal Reserve policies. C&I lending growth fell to 1.2% YoY, … Continue reading →
Federal Reserve Chair Janet Yellen’s final speech to Congress (Joint Economic Commitee) reminded me of the scene in the movie Death Becomes Her where Meryl Streep swallows a magic potion and Isabella Rosselini then says “Now a warning.”
Following The Great Recession and The Fed’s extraordinary response, there was a lot of money available that we seeking risky assets, such as equities, housing and apartments.
As we approach final exams at George Mason University School of Business, I thought this summary of how The Fed is impacting both Treasury and Agency MBS risk (duration) would be appropriate.
The Fed’s Open Market Committee meeting is just around the corner (December 13) and the last core inflation report has been released.
According to the BEA, US Gross Domestic Product (GDP) grew at a 3.3% QoQ (Annualized) pace, the highest since 2014.
The fight continues over Fannie Mae and Freddie Mac, the mortgage giants in conservatorship with their regulator, FHFA, as the buffer for F&F goes to zero in 2018.
More than 1.5 million home equity lines of credit (HELOCs) will see interest-only draw periods end in 2017, with payments becoming fully amortizing,
Non-performing loan ratios above 100% are signs of severe stress. And 114 Italian banks are suffering severe stress. But here are 24 Italian banks where non-performing loans total 200% or more of tangible assets.