NY Fed article explaining how doomed the Financial System is when the next 2008 GFC sized crisis occurs.

by mark000 Going to be so bad: https://libertystreeteconomics.newyorkfed.org/2024/06/the-growing-risk-of-spillovers-and-spillbacks-in-the-bank-nbfi-nexus/ the system may be disproportionately exposed to financial and economic instability when aggregate tail risk materializes. bank-NBFI dependencies turn into vectors of shock transmission and amplification, forcing authorities to intervene and to …

READ MORE

Not Always Sunny! Philly Fed Business Conditions Declines To -16.6 In June (Powell Aka Green Man Faces Tricky Task of Explaining Rate Pause in Congress)

by confoundedinterest17 As I discussed yesterday, the Misey Index under Biden remains elevated compared to that of Trump pre-Covid despite massive financial stimulus from Green Man (The Federal Reserve under Jerome Powell). Now we have more evidence of an impending recession …

READ MORE