What was so bad about that...a government controlled, over regulated effort to force housing on the American public. The thrift industry was a government invention, kept alive by government intervention until it collapsed because even the government could not keep it alive anymore. How many more government inventions are living on life support?
Where Is The Commercial In Commercial Banks: JPMorgan Chase And Wells Fargo First Quarter Reports [View article]
Martin: Yes, I have run three banks...but I am now working in the alternative finance space. In my mind, we have moved beyond traditional commercial banking...and that is why I argue that most of the commercial banking system is legacy.
Wait until you see what my next gig is!
There is not too much going on in the small to medium sized commercial banks. The largest 25 to 40 commercial banks are struggling with what they want to be when they grow up.
But, there is plenty of action elsewhere...
Keep tuned!
Thanks for realizing that the word data is plural..."The data tell us..." Good show!
Book Review: 'The Leadership Economy: Why The World Economic System Fell Apart And How To Fix It' [View article]
phil, You might take a look at the book reviewed in this book review; http://seekingalpha.co.... I learned a lot about what Keynes was trying to achieve and how he perceived how international trade fit into his world view. Keynes seemed to want "his" world isolated from others so that he...and the Bloomsbury crowd...could live the lives they wanted to. You could do this by keeping international trade to a minimum and then stimulate the economy to achieve full employment which would minimize the chance that there would be an internal revolution. Bloomsbury could then continue on as it had been.
The Federal Reserve Continues To Misinterpret The Economy: Part II [View article]
To wait for Europe to create a political union would take...five years...ten years...
I agree that Europe needs a political union...and a banking union...but they can't even agree on decisions that are much less complex and politically sensitive than these.
I know quantitative easing in going to last a while longer. I don't see it lasting until Europe gets a political union.
Risk Off Again? Just Follow The Money! [View article]
I think we will see more and more in the future about how Merkel has led Germany and the eurozone through this time. She is having to move very gently with her own country, where many people aren't real happy about the single currency commitment and the many, many diverse interests in the eurozone...where Germans are not always appreciated. I agree with you about the single solution and getting all 17 countries to agree. Take a look at my book review about the Bretton Woods conference posted on March 29.
Bernanke Is Underwriting The Wealthy [View article]
They like Mr. Bernanke's thinking up to the present time.
As stated in the post,,,get in early...but not too early...and get out early...but not too early.
You ride "the mission" until it collapses. This is what happened in the 2000s leading up to 2007 and 2008. Unfortunately for Chuck Prince at Citigroup...he stayed too long at the dance!
Your wealthiest friend may be absolutely correct...the national debt may be a ticking bomb.
If she is out of the market and she is right...then more power to her! She will end up being even more wealthy relative to others. That's what it is all about!
The commercial real estate loans were not delinquent or past due. So, nothing "appeared" wrong for many of the loans. The banks...and the regulators...had to wait until it was time for the loans to "roll over" before they could really start to identify the borrowers that might be having trouble.
C& I loans at the "smaller" commercial banks are up not quite 12 percent, year-over-year.
A Coming 'Rout' In U.S. Government Debt? [View article]
The post is not contending there will be an increase in inflationary expectations. It says there will be an increase in funds flowing back into riskier bonds.
Eric: If you take an index of the U. S. dollar versus major trading currencies as published by the Federal Reserve you find that the value of that index fell by more than one- third. John
No, but be informed and agile. I have seen too many friends...and others...invest in what they thought were "good" banks either to be hit with "surprise" disclosures (hello 'whale') or unexpected downsizing and layoffs and such. I just am avoiding investing in banks at this time because of my concern that there are still too many hidden "bombshells" out there. I feel my time is better spent in industries and sectors that don't appear to have so many 'landmines.'
Thanks, Chris (or is it Christopher). I went to the New York Fed site and found the information you have written about. I appreciate your calling this to my attention. John
Global Recession: What To Invest In? [View article]
pdtor: I think the lesson we are learning in this modern world is that we need to be knowledgable in several markets, patient, and agile.
One of the key lessons one can take from Schwager's books is that you may have a good and eventually 'correct' idea but you have to be patient and wait until others in the market 'care' about that idea. You may be right but if you move way too soon it does you little good.
Invest In U.S. Treasuries [View article]
Where Is The Commercial In Commercial Banks: JPMorgan Chase And Wells Fargo First Quarter Reports [View article]
Yes, I have run three banks...but I am now working in the alternative finance space. In my mind, we have moved beyond traditional commercial banking...and that is why I argue that most of the commercial banking system is legacy.
Wait until you see what my next gig is!
There is not too much going on in the small to medium sized commercial banks. The largest 25 to 40 commercial banks are struggling with what they want to be when they grow up.
But, there is plenty of action elsewhere...
Keep tuned!
Thanks for realizing that the word data is plural..."The data tell us..." Good show!
John
Book Review: 'The Leadership Economy: Why The World Economic System Fell Apart And How To Fix It' [View article]
You might take a look at the book reviewed in this book review; http://seekingalpha.co.... I learned a lot about what Keynes was trying to achieve and how he perceived how international trade fit into his world view. Keynes seemed to want "his" world isolated from others so that he...and the Bloomsbury crowd...could live the lives they wanted to. You could do this by keeping international trade to a minimum and then stimulate the economy to achieve full employment which would minimize the chance that there would be an internal revolution. Bloomsbury could then continue on as it had been.
The Federal Reserve Continues To Misinterpret The Economy: Part II [View article]
I agree that Europe needs a political union...and a banking union...but they can't even agree on decisions that are much less complex and politically sensitive than these.
I know quantitative easing in going to last a while longer. I don't see it lasting until Europe gets a political union.
Book Review: 'The Battle Of Bretton Woods' [View article]
Risk Off Again? Just Follow The Money! [View article]
I agree with you about the single solution and getting all 17 countries to agree.
Take a look at my book review about the Bretton Woods conference posted on March 29.
Bernanke Is Underwriting The Wealthy [View article]
As stated in the post,,,get in early...but not too early...and get out early...but not too early.
You ride "the mission" until it collapses. This is what happened in the 2000s leading up to 2007 and 2008. Unfortunately for Chuck Prince at Citigroup...he stayed too long at the dance!
Your wealthiest friend may be absolutely correct...the national debt may be a ticking bomb.
If she is out of the market and she is right...then more power to her! She will end up being even more wealthy relative to others. That's what it is all about!
Smaller Banks Are Going Nowhere [View article]
Thanks for your comments and insight!
John
Smaller Banks Are Going Nowhere [View article]
C& I loans at the "smaller" commercial banks are up not quite 12 percent, year-over-year.
A Coming 'Rout' In U.S. Government Debt? [View article]
The United States Dollar In 2013 [View article]
Dollar View: November 26 [View article]
If you take an index of the U. S. dollar versus major trading currencies as published by the Federal Reserve you find that the value of that index fell by more than one- third.
John
Evolving Financial Institutions [View article]
John
QE3 Up To This Point In Time [View article]
John
Global Recession: What To Invest In? [View article]
I think the lesson we are learning in this modern world is that we need to be knowledgable in several markets, patient, and agile.
One of the key lessons one can take from Schwager's books is that you may have a good and eventually 'correct' idea but you have to be patient and wait until others in the market 'care' about that idea. You may be right but if you move way too soon it does you little good.
Precious metals...yes, at the right time!
John