At this point, it’s tempting to ignore the never-ending reports of job cuts across the
Category: Duly Noted
18% Of Global Employment Could Be Replaced By Generative AI: Goldman
Generative AI is all the rage in 2023. Maybe it’s a fad, maybe it isn’t,
Kolanovic, JPMorgan Stress ‘Ongoing Market Risks’
“For lack of better words, our outlook is negative,” JPMorgan’s Marko Kolanovic told a conference
No. All Deposits Under $250,000 Aren’t ‘Covered’
I assumed this was obvious, but it’s clear from some reader feedback that it needs
Is Corporate Spending About To Plunge?
Analysts, strategists and financial media outlets have dedicated quite a bit of time recently to
America’s Small Banks Bleed $120 Billion In Deposits
America’s small banks bled deposits in the week ended March 15. I realize that risks
Kocic On Minsky Moments, 2008 And ‘Unprecedented Outliers’
Jerome Powell and the Fed are staring warily at a prospective “damned if they do,
In Bank Drama: Forced Behavior, Solvency Crises And ‘Zombie Mode’
Another week of manic moves across rates and financials said more about sentiment, psychology and
Fed’s Foreign Repo Facility Sees $60 Billion Draw
Usage of the Fed’s newly-created liquidity facility for besieged US lenders more than quadrupled over
Households Could Sell Up To $1.1 Trillion In Stocks: Goldman
Equities aren’t the only game in town anymore when it comes to asset allocation. Maybe
How FOMC Coverage Should Be Done
Following the March FOMC decision and Jerome Powell’s press conference, I was struck (again) by
Could Janet Yellen Guarantee All Bank Deposits If She Had To?
If something goes terribly wrong, and lawmakers on Capitol Hill are slow to react, could
Down Payments Plunge As US Housing Bubble Cools
Down payments are plunging in the US housing market. I should probably refrain from weighing
Blankfein Suggests Wall Street’s First Republic Rescue Was Bad Idea
Lloyd Blankfein — who, for those unfamiliar, ran a bank at one point — isn’t
Universal Deposit Guarantee Seems Inevitable After SVB
Maybe this goes without saying, but on the off chance it’s not obvious, it bears
Stocks Have Never Been This Oblivious To Rates
The broader equity market’s resilience in the face of head-spinning volatility in US rates is
Risk Of Minsky Moment High With ‘Airplane In A Tailspin’
Even if the Fed decided to lean decisively dovish this week, it may not matter.
Big Picture Takeaways From The Credit Suisse Bond Wipeout
Crises have a tendency to shine a light on what, to laypeople anyway, are esoteric
Fed Swap Line Announcement Betrays Serious Concern
On the heels of a frantic weekend during which the Swiss government orchestrated a historic
Switzerland’s Plan B: Nationalizing Credit Suisse
To describe the shotgun wedding between UBS and Credit Suisse as “complex” would be to
Putin Shows Up In Mariupol After Arrest Warrant Issued
A wanted man traveled to Ukraine this weekend. In a surprise move, Vladimir Putin showed
UBS Takeover Of Credit Suisse Seen Imminent
“I can’t imagine the Swiss authorities won’t do anything in the event of a real
2023 As Year Of The Recession-Causing Credit Crunch
The case for fear and, more to the point, recession, isn’t difficult to make now.
Maintaining The ‘Moral Hazard Bid’
Not even bank runs (and bank collapses) are sufficient to compel equity investors to capitulate.
Signs Of The Financial Apocalypse
If you’re wondering whether recent events — and by “recent events” I mean bank runs,
Wall Street Rescues First Republic. Executives Sold Stock Before Collapse
The big guys (and Jane Fraser) came to the rescue for beleaguered First Republic, which
TikTok Gets A Biden Ultimatum
The never-ending TikTok soap opera may finally be nearing some manner of resolution, albeit not
