Issuing CMOs via the GSEs could help the FOMC out of its trading mess, but represents a monumental irony.
Given the demand for safe assets, the true risk free rate today is probably less than zero. Ponder that Chairman Powell
Market risk realized today becomes credit risk tomorrow…
Benevolence, as Chris and I noted in our book “Financial Stability,” always gets you more bang for the buck than being miserable.
Even as Powell signals willingness to take interest rate targets higher, he has put off a decision on the Fed’s balance sheet until June.
Xi Jinping in China and Putin in Russia have turned their backs on the global economy to retain power
Just imagine how global markets will react when Putin deploys tactical nuclear weapons in Eastern Ukraine to avoid a military defeat
Will Fed Chairman Jay Powell fold in terms of further rate hikes if the S&P 500 falls 1,000 points in a day?
Valuations for the top five US banks are up slightly as Q1 2022 comes to an end
Why did FOA write down $1.4 billion in intangible equity, yet UWM took no similar write down?