Is More Quantitative Easing in Sight?
Good news: U.S. banks' funding costs are falling. Bad news: the European Central Bank prepares to make new asset purchases.
What Happens When the Bid Goes to Zero?
If the Fed is going to conduct monetary policy by manipulating asset prices, it should expect to see periods of extreme market volatility.
Risks Mount for Banks and Non-Banks Alike
Tight spreads and growing liquidity risks promise to present financial firms with steep challenges in the coming months.
Why Does Goldman Sachs Want to Be a Bank?
Rising rates haven't helped Goldman's small banking unit, which likely will remain small yet subjects the firm to regulatory restrictions on its activities.
Bank Earnings & Financial Repression
Thanks to Federal Reserve policy, big banks are facing a squeeze on margins, putting financial stocks in selloff mode at the cusp of earnings season.
Dollars, Deficits, and “Duh” in Davos
Under current U.S. fiscal policy, federal budget deficits are doomed to continue racing upward with no end in sight, investment consultant says.
Does Bank Loan Data Suggest a Faltering Economy?
Federal Reserve chair Janet Yellen deserves blame for creating onerous real estate asset bubbles, according to risk analyst Chris Whalen.
Do Stress Tests Help Bank Stocks?
The answer is unequivocally no, according to noted bond analyst Christopher Whalen, who calls them "a monumental waste of time and money."
Are There Good Banks and Bad Banks?
No, there are simply big banks that get federal subsidies and small banks and nonbanks that don't, thanks to regulatory favoritism: Opinion.
The End of the Dollar’s Super-Cycle
We live in an age of asset bubbles, but they don't continue indefinitely, as will prove true for the strong U.S. dollar.
Trump and the Age of Magical Thinking
It's looking like the stock market's "Trump Bump" was just a figment of the imagination, as a deep corporate tax cut grows less likely.