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Olduvai III: Catacylsm
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Are US Banks Facing a Credit Trap?

Are US Banks Facing a Credit Trap? Punta del Este | As we head into Q4 2019 earnings this week, US financials have never been so expensive and risk indicators have never been so skewed. Just as last July we called the problems brewing in the short-term money markets in a discussion on CNBC’s Halftime […]

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Volcker Rebukes Bernanke and Yellen

Volcker Rebukes Bernanke and Yellen In his new book, “Keeping At It: The Quest for Sound Money and Good Government,” by Paul Volcker (1979-1987) with Christine Harper, the former Fed Chairman delivers a sound rebuke to Chairmen Ben Bernanke (2006-2014) and Janet Yellen (2014-2018), and other Fed governors and economists, for fretting overmuch about deflation.  He […]

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Debt Deflation Italian Style

Debt Deflation Italian Style New York – This week The IRA will be at the MBA Secondary Market Conference & Expo, as always held at the Marriott Marquis in Times Square.  The 8th floor reception and bar is where folks generally hang out.  Attendees should not miss the panel on mortgage servicing rights at 3:00 […]

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CDO Redux: Credit Spreads & Financial Fraud

CDO Redux: Credit Spreads & Financial Fraud “The great wheel of circulation is altogether different from the goods which are circulated by means of it. The revenue of the society consists altogether in those goods, and not in the wheel which circulates them” Adam Smith, 1811 Southport | This week in The Institutional Risk Analyst, […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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