rcwhalen's blog
WFC 10-Q: The Diminishing Returns of Quantitative Easing
Submitted by rcwhalen on 05/08/2013 14:26 -0400The diminishing returns of the Fed's quantitative easing are very evident in the latest WFC results.
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Earnings Without Revenue, Bubbles Without Credit Growth
Submitted by rcwhalen on 04/30/2013 09:24 -0400With the Fed and Bank of Japan buying nearly every government and agency security on the planet, even a completely rancid pile of bollocks might look and smell like a lovely red rose...
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So Did US Housing Prices Really Go Up in 2012 and Why?
Submitted by rcwhalen on 04/17/2013 06:02 -0400We all know that double digit inflation in HPA is not a good thing for the long term recovery of the housing market.
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Bank Earnings Taxed by QE2, Massive Regulation
Submitted by rcwhalen on 04/12/2013 06:03 -0400Cost reductions and layoffs are the drivers for bank earnings... Watch those ski tips.
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Zombie Economists and Why "Financial Genius is After the Fall"
Submitted by rcwhalen on 04/04/2013 12:34 -0400- Auto Sales
- Bank of Japan
- Ben Bernanke
- Ben Bernanke
- Central Banks
- Creditors
- Fisher
- fixed
- Global Economy
- Gross Domestic Product
- Housing Bubble
- Housing Market
- Hyperinflation
- Iceland
- Irrational Exuberance
- Japan
- John Maynard Keynes
- Krugman
- Kyle Bass
- Kyle Bass
- Maxine Waters
- Maynard Keynes
- Meltdown
- Milton Friedman
- Monetary Policy
- Money Supply
- Neo-Keynesian
- None
- Norway
- Paul Krugman
- President Obama
- Purchasing Power
- Rick Santelli
- Robert Shiller
- Sovereign Debt
The overtly inflationary policy stance of the FOMC is especially significant when you consider that Fed Chairman Ben Bernanke is no longer in control of monetary policy.
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Quantitative Easing, Cyprus and Housing
Submitted by rcwhalen on 03/26/2013 15:50 -0400- Andrew Ross Sorkin
- Bank of America
- Bank of America
- Ben Bernanke
- Dallas Fed
- Federal Deposit Insurance Corporation
- Fisher
- Goldman Sachs
- goldman sachs
- Gross Domestic Product
- Housing Market
- Irrational Exuberance
- New York Times
- Private Equity
- Quantitative Easing
- Real estate
- Reality
- REITs
- Richard Fisher
- Risk Management
- The Matrix
- William Dudley
Events in Cyprus stem from precisely the same source as the surge in US home prices, namely monetary expansion by the Fed.
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Question for Liz Warren: How Many Subsidies Does a Zombie Bank Need?
Submitted by rcwhalen on 03/12/2013 09:03 -0400Yo Liz: Subsidies for the zombie banks total more than $3 annually for every dollar in income reported by the industry...
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Part II | Stress Test Follies & Zombie Love
Submitted by rcwhalen on 03/10/2013 10:27 -0400You could even make a case that QE is part of TBTF. Chew on that for a while Shirley.
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CCAR | Stress Test Follies & Zombie Banks
Submitted by rcwhalen on 03/07/2013 08:45 -0400As Morpheus said to Neo in the film The Matrix: You still think that is air you are breathing?
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Zombie Love, True Sales and Why “Too Big To Fail” is Really Dead
Submitted by rcwhalen on 02/26/2013 15:42 -0400- Advanta
- Asset-Backed Securities
- Bear Stearns
- Bond
- Citigroup
- Comptroller of the Currency
- Fail
- Federal Deposit Insurance Corporation
- Financial Accounting Standards Board
- GAAP
- Indiana
- Lehman
- Lehman Brothers
- Mortgage Backed Securities
- Mortgage Industry
- None
- Office of the Comptroller of the Currency
- Rating Agencies
- Rating Agency
- ratings
- Ratings Agencies
- Real estate
- Reality
- Securities Fraud
- Shadow Banking
- United Kingdom
- Zombie Girls
The 2011 changes by the FDIC to the safe harbor for "true sales" may have been the end of "Too Big To Fail."
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David Kotok: Meredith, Will You Be My Valentine?
Submitted by rcwhalen on 02/14/2013 08:38 -0400Latest from my friend David Kotok. I think both he and Meredith Whitney are too bullish on the banks
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But Do We Really Want Smaller Zombie Banks?
Submitted by rcwhalen on 02/12/2013 10:11 -0400The problem with “too-big-to-fail” is first and foremost the behavior of our beloved political leaders in Washington
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Tail Risk: Kamala Harris Declares War on Lenders, Loan Servicers in CA
Submitted by rcwhalen on 02/05/2013 12:31 -0400Work in the mortgage market? Never read about Kamala Harris or the CA "Home Owner Bill of Rights?" Read on....
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Is Fed Monetary Policy Really Marxist?
Submitted by rcwhalen on 01/25/2013 07:13 -0400
“Those are my principles,” Marx said. “And if you don't like them... well, I have others.”
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Does an Equity Market Rally + Higher Interest Rates = > HPA?
Submitted by rcwhalen on 01/22/2013 12:42 -0400Q: Can a ZIRP-driven bull market in US equities exist, side-by-side, with an economic rebound and a bullish outlook on HPA? A: "No"
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