Jesse's Café Américain

"Some people see God as they see a cow, and love Him as they love a cow — for the milk and cheese, and the profit it brings. This is how it is with people who love God for the sake of worldly possessions or inward comfort. They do not truly love God when they love Him for their own advantage. The eye through which I see God is the same eye through which God sees me; my eye and God's eye are one eye — one seeing, one knowing, one love.”
Meister Eckhart, Predigten und Traktate

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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