Economy

The NY Fed has recently published a study on bank failures in the U.S., examining the reasons why banks fail. For this study, the…
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The record of forecasting has frequently led it to respond too late to changes in economic and financial conditions. In the most recent…
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All money is lent into existence. The Federal Reserve or the government does not print money. Those two facts are vital to understanding…
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Last year, we saw continued improvement in the initial public offering (IPO) market. There were more IPOs, more special…
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Thank you, Jon, and thank you for the opportunity to speak to you today.1…
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The is cautious, and so is the Bank of Japan. The ECB seems determined to keep cutting and the Bank of England might be tempted to speed…
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I am continually fascinated by how many second-order ‘understandings’ are missed, even by those people who have a really good first-order…
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Thank you, Professor O'Connell, for that kind introduction and for the…
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Thank you for the invitation to speak to you today.1 It is a pleasure to…
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Overall, the macro & liquidity conditions are still positive for risk assets. While equity market valuations are rich, especially in…
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