Hints and tips:
...More seriously, Goetzman et al argue that art price changes are largely a function of wealth concentration....
...Social media noise can push token prices around (Tandon et al), but not as effectively as mainstream media coverage (Coulter)....
...However, Weinstein et al say they are excited to a large extent because those aforementioned risks are now materialising. As private credit investors, this is the environment we’ve been waiting for....
...The riskiest, most beat-up members of the group (KeyCorp, Comerica, Zions, Western Alliance et al) rose the most....
...(H/T Antoine Gara et al.) [Zoom] Metadata on the Excel file suggests it was created by Sam Bankman-Fried himself. It seems reasonable therefore to assume that the informal comments are his....
...Shares in other banks considered to have some degree of asset-liability mismatch (Western Alliance, Zions et al) only saw their shares wobble a little bit yesterday....
...Isn’t it high time the regulators increased oversight on Blackstone and Apollo, et al, as this relatively new and powerful group of financial titans continue their march to the top of the heap on Wall Street...
...Here’s Citi’s Andrew Coombs et al. then: For the European banks, we see less risk of deposit flight and believe they have more liquid balance sheets....
...And corporations of all types use longer-term currency swaps to hedge their own foreign currency bond liabilities (McBrady et al (2010), Munro and Wooldridge (2010)). The BIS’s suggestion?...
...To put it more simply: Jiang et al argue there are $2.2tn in mark-to-market losses out there, and there is only $2.2tn in equity in the US banking system....
...But as Steven Kelly of the Yale Program on Financial Stability pointed out to me, Yellen et al will need the goodwill of the big banks should some other bank or banks get into trouble....
...“We kept an awful lot of her stuff – cameras, contact sheets and detritus – in deference to the sort of silent history that survives more or less intact in objects,” Doon remembers....
...Luckily, efforts to ram crypto’s square peg into the round hole of the Securities Act of 1933 (et al) have proceeded slowly to date. But there is danger this mistaken project will accelerate now....
...Does that mean already anxious investors have little to fear as the Fed et al embark on QT?...
...A Federal Reserve Board of Governors paper by Edmund Crawley et al says $2.5tn of Fed balance sheet unwind would approximately equate to a 0.50 percentage point of tightening, or 20 basis points per trillion...
...All assets may perform badly under stagflation, but we’d rather own Pepsi, Johnson & Johnson, Kimberly-Clark, Bristol-Myers et al than sit and watch our cash lose its earnings power....
...Small caps tend to be more volatile than blue-chip stocks both on the way up and down — and could be big medium-term winners if Kolanovic et al are right....
...Surely Zuck et al can make money — serious money — out of messaging software with two billion users. I disagree on the Metaverse, though. It is not “free”....
...Weak bank boards, poor risk processes and insufficiently robust risk committees allowed the balance sheets of Northern Rock, HBOS et al to expand unsustainably....
...As for value, like many trends and -isms, it doesn’t need a practical philosophy, just a critical mass of followers via Reddit, Twitter et al....
...Trump et al v....
...For example, in a 2010 opinion (Chevron Corp v Steven Donziger, et al) handed down from the US district court in Manhattan, the judge wrote that the “evidence at trial established that Donziger, a New York...
...A macroprudential-bulletin by ECB staff (Adachi et al, May 2020), noted that Libra could become a US$3tn collateral silo. Another alternative exists....
...); (v) the EU taxonomy; and (vi) a possible carbon border tax....
...al, overcome the challenges and build those Fleits after all....
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