rcwhalen's blog
Earnings Without Revenue, Bubbles Without Credit Growth
Submitted by rcwhalen on 04/30/2013 08:24 -0500With 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...
So Did US Housing Prices Really Go Up in 2012 and Why?
Submitted by rcwhalen on 04/17/2013 05:02 -0500We all know that double digit inflation in HPA is not a good thing for the long term recovery of the housing market.
Bank Earnings Taxed by QE2, Massive Regulation
Submitted by rcwhalen on 04/12/2013 05:03 -0500Cost reductions and layoffs are the drivers for bank earnings... Watch those ski tips.
Zombie Economists and Why "Financial Genius is After the Fall"
Submitted by rcwhalen on 04/04/2013 11:34 -0500- Auto Sales
- Bank of Japan
- Ben Bernanke
- Ben Bernanke
- Central Banks
- Creditors
- Fisher
- fixed
- Global Economy
- 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.
Quantitative Easing, Cyprus and Housing
Submitted by rcwhalen on 03/26/2013 14:50 -0500Events in Cyprus stem from precisely the same source as the surge in US home prices, namely monetary expansion by the Fed.
Question for Liz Warren: How Many Subsidies Does a Zombie Bank Need?
Submitted by rcwhalen on 03/12/2013 08:03 -0500Yo Liz: Subsidies for the zombie banks total more than $3 annually for every dollar in income reported by the industry...
Part II | Stress Test Follies & Zombie Love
Submitted by rcwhalen on 03/10/2013 09:27 -0500You could even make a case that QE is part of TBTF. Chew on that for a while Shirley.
CCAR | Stress Test Follies & Zombie Banks
Submitted by rcwhalen on 03/07/2013 07:45 -0500As Morpheus said to Neo in the film The Matrix: You still think that is air you are breathing?
Zombie Love, True Sales and Why “Too Big To Fail” is Really Dead
Submitted by rcwhalen on 02/26/2013 14:42 -0500- Advanta
- Bear Stearns
- Bond
- Citigroup
- Comptroller of the Currency
- Fail
- 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
- 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."
David Kotok: Meredith, Will You Be My Valentine?
Submitted by rcwhalen on 02/14/2013 07:38 -0500Latest from my friend David Kotok. I think both he and Meredith Whitney are too bullish on the banks
But Do We Really Want Smaller Zombie Banks?
Submitted by rcwhalen on 02/12/2013 09:11 -0500The problem with “too-big-to-fail” is first and foremost the behavior of our beloved political leaders in Washington
Tail Risk: Kamala Harris Declares War on Lenders, Loan Servicers in CA
Submitted by rcwhalen on 02/05/2013 11:31 -0500Work in the mortgage market? Never read about Kamala Harris or the CA "Home Owner Bill of Rights?" Read on....
Is Fed Monetary Policy Really Marxist?
Submitted by rcwhalen on 01/25/2013 06:13 -0500
“Those are my principles,” Marx said. “And if you don't like them... well, I have others.”
Does an Equity Market Rally + Higher Interest Rates = > HPA?
Submitted by rcwhalen on 01/22/2013 11:42 -0500Q: 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"
Qualified Mortgages, Loan Credit Standards and Safe Harbors for Securities Fraud
Submitted by rcwhalen on 01/14/2013 10:24 -0500It is a “fraudulent transfer” to transfer assets with intent to leave the transferor with inadequate capital... Thus every bank “sale” done for the purpose of reducing regulatory capital is, by definition, fraud – a form of bank theft.
