• ilene
    01/28/2015 - 19:33
    Suppose you could print up counterfeit dollars, euros or yen that were identical to the real things. Fun, you think? Here's how it plays out. 

rcwhalen's blog

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Swiss Francs & Global Debt Deflation





"There will first be a pernicious excitement, and next a fatal collapse." -- Walter Bagehot, Lombard Street (1844)

 
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Q4 2014 Large Bank Earnings Preview: Growth Amidst Deflation





Q: What is the fastest growing asset class at US banks? Leveraged loans? US Treasury debt? A: Reserves deposited at the Fed.

 
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Outlook 2015: Deflation Remains the Dominant Theme





Deflation and the attendant risks caused by a sudden revelation about hidden debts will remain the chief concern for investors and policy makers in 2015

 
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David Kotok: James A. Lebenthal (June 22, 1928-November 14, 2014)





Our industry has lost a legacy creator. May he Rest in Peace.

 
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KBRA: Q3 2014 Large Bank Earnings Preview: In Search of Normalcy





The best performer among the top-five US banks is U.S. Bancorp (NYSE:USB) and by a wide margin... 

 
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The Puerto Rico Electric Power Authority (PREPA) Bond: Nondisclosure Agreement Creates Two Classes of Bondholders





Suddenly, we now have a new class: those bondholders who are under the NDA versus those who are not.

 
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KBRA Q2 2014 Bank Earnings Preview & The “Bernanke Shokku"





FDIC: “the largest positive contribution to the year-over-year change in earnings came from reduced loan-loss provisions..."

 
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Roger Kubarych: Talking Points on Energy





Energy security is not synonymous with energy independence.

 
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In "Flash Boys," Michael Lewis Misses the Point -- Deliberately





“Flash Boys” is a book written for Hollywood instead of the history books or policy makers.  Stay tuned for the movie.  

 
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Detroit Bankruptcy: U Turn by Michael Comes





After tens of millions in legal fees, a river of negative press, and ripple effects to other local municipalities, we have U-turned and are back to where we started.

 
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Is the Citigroup Stress Test Rejection Really a Surprise? Really?





Why is Citigroup not like any of the top four banks, including JPM, WFC, USB or BAC?   

 
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