Jesse's Café Américain

"You are the very cause of your ignorance, yourselves. You put away the light, yourselves; you first pluck out both your own eyes, yourselves; and after that other men’s too, so that the blind may lead the blind, until you both fall into the pit.”
Thomas More, The Sadness of Christ (Gethsemane), Tower of London, 1535

Showing posts with label TBTF. Show all posts
Showing posts with label TBTF. Show all posts
18 December 2015

The Warning: A Financial Cauldron of Very High Leverage and Interwoven Risks

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"The current bubbles in junk bonds and foreign debt are not in any way driving the economy. Presumably we are seeing somewhat more i...
14 October 2014

GolemXIV: Trouble In Bankland

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In the US: Home Equity Loans (HELOCs) are up 20% this year. 15% of all home loans originated are home equity extraction loans. Peo...
22 February 2013

The New York Fed's Primary Dealers, Liquidity, Monetary Policy, Excess Reserves and Financial Dreadnoughts in Times of Currency War

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Someone asked me about Primary Dealers today.   I think it was in regard to liquidity concerns. Cutting to the punchline, however one wis...
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