Jesse's Café Américain

"O that I could find in the desert a wayside shelter for travelers, that I might depart from my people. For they are all adulterers, an unfaithful mob of traitors. Their tongues are devious weapons, bent like drawn bows. With falsehoods rather than truth they have gained power. They commit one crime after another. They do not know me, says the Lord. I will make Jerusalem a heap of ruins, the lair of jackals. I will lay waste to Judah, a desolation where no one can live."
Jeremiah 9:2-3,11

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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