Mish Talk

DECEMBER 10, 2022

Target 2 balances from the ECB, numbers and caption by Mish. On the likely assumption that Italian banks are insolvent, no one in their right mind should have money in Italian banks. Recall the capital controls imposed by the ECB on Greece and Cyprus after bank failures in those countries. No one explains how.

Economics 218

Economics Banking Government Numbers 218

Abnormal Returns

JULY 28, 2024

wsj.com) Revolut now has a UK banking license. vox.com) Work Research on how race, class and location affect economic mobility in the U.S. nytimes.com) The number of Americans earning the minimum wage keeps shrinking. ft.com) The economic schedule for the coming week. (allstarcharts.com) It's not just the U.S.

License 289

License Financial Advising Economy Economics 289

Nationwide Financial

MARCH 27, 2023

Thoughts Equity markets look to extend their winning streak to three weeks despite continued uncertainty in the banking sector. Fund managers remain historically conservative per Bank of America’s Global Fund Manager Survey showing asset allocators long cash and short equities. over the past two weeks.

Banking 98

Banking Marketing Marketing Economics 98

Nationwide Financial

MARCH 27, 2023

The most significant economic news last week came from the March FOMC meeting, where the Fed raised the fed funds rate another 25 basis points and indicated that, as of now, one more such rate hike is planned. However, over 85 percent of interviews were conducted prior to the collapse of Silicon Valley Bank on March 8. in February.

Economics 52

Economics Banking Sales Numbers 52

The Big Picture

MARCH 18, 2023

Pour yourself a mug of coffee, grab a seat outside, and get ready for our longer-form weekend reads: • The A to Z of economics : Economic terms, from “absolute advantage” to “zero-sum game”, explained to you in plain English. ( Wall Street’s Biggest Banks Rescue Teetering First Republic.

Banking 301

Banking Education Economics Management 301

Abnormal Returns

JUNE 4, 2023

theverge.com) Finance Online banks took deposit share from regional banks. wsj.com) Don't confuse your payment app with a bank account. statnews.com) Economy Economic data doesn't move in straight lines. calculatedriskblog.com) An increasing number of home sellers are offering concessions.

Financial Advising 241

Financial Advising Startup Banking Economy 241

Abnormal Returns

APRIL 2, 2023

thereformedbroker.com) Banks Why SVB was able to skate stricter bank regulation. nytimes.com) Regional banks are a linchpin for the economy. nytimes.com) Why banks resist mark-to-market accounting rules. tker.co) You can expect the Case-Shiller housing numbers to turn negative year-over-year in the next few months.

Financial Advising 240

Financial Advising Banking Economy Insurance 240

Advisor Perspectives

DECEMBER 12, 2023

Federal Reserve Chair Jerome Powell faces a communications conundrum at the central bank’s policy meeting this week. Luckily for him, he could just let the Summary of Economic Projections do most of the talking — and avoid unnecessary misunderstandings.

Numbers 52

Numbers Communication Banking Economics 52

Abnormal Returns

MARCH 12, 2023

(theirrelevantinvestor.com) Bank runs happen because of people. etftrends.com) Silicon Valley Bank How SVB went wrong, an explainer. wsj.com) SVB's customers were not typical of other banks. riabiz.com) Venture capital Silicon Valley Bank played a key role in the venture ecosystem.

Financial Advising 246

Financial Advising Banking Startup Communication 246

Trade Brains

APRIL 18, 2023

Understanding what is Dosa Economics: In contrast to most bland economic theories, Dosa Economics remains the only one that makes our mouths water every time we discuss it. What is Dosa Economics or Dosanomics? In a situation where the interest rate offered by banks is set at 10% and the inflation rate stands at 10%.

Economics 52

Economics Banking Economy Investing 52

Nationwide Financial

APRIL 10, 2023

March’s employment report showed a continued moderation in job growth, but the number of hires was still solid. The new orders components in both surveys provide evidence of weakening economic demand, and the surveys are consistent with a slowing economy. Key Takeaways: What we learned last week: (pg. percent from 4.6

Economics 52

Economics Manufacturing Retail Sales 52

Abnormal Returns

JUNE 16, 2024

wsj.com) Bank of New York Mellon is cutting 'Mellon' out of its name. calculatedriskblog.com) Why the jobs market may be weaker than the numbers say. wapo.st) The economic schedule for the holiday-shortened week to come. (tker.co) Is the return of RoaringKitty a sign or just noise? Now they are waiting for their cash back.

Financial Advising 260

Financial Advising Healthcare Economy Media 260

Abnormal Returns

MARCH 20, 2024

amycastor.com) Companies It's hard to wrap your head around the numbers with Nvidia's ($NVDA) new chips. apolloacademy.com) How much longer can banks and office owners push out loan expirations? reuters.com) Economy By any reasonable measure, the average American is better off economically than they were four years ago.

Financial Advising 253

Financial Advising Startup Valuation Economy 253

Abnormal Returns

MARCH 26, 2023

Strategy Shifting your asset allocation based on economic forecasts is a fool's errand. blogs.cfainstitute.org) Banks Bitcoin is benefiting from the banking crisis. theirrelevantinvestor.com) Bank turmoil is now on everyone's dance card for 2023. tker.co) Bank depositors are moving money into money market mutual funds.

Asset Allocation 130

Asset Allocation Financial Advising Banking Economy 130

Calculated Risk

DECEMBER 26, 2022

At the end of each year, I post Ten Economic Questions for the following year (2022). However, there is some concern about banks easing lending standards, and the rapid increase in non-QM loans. Banks generally tightened standards on mortgage loans. I followed up with a brief post on each question.

Economics 111

Economics Sales Economy Banking 111

The Big Picture

JANUARY 4, 2023

The Philly Fed map is based on Bureau of Labor Statistics (BLS) employment data for the states; the St Louis Fed builds on that, creating an ongoing chart that shows the relationship between the state data and recessions: Number of States with Negative Growth (State Coincident Indexes). By Kevin L. Kliesen , Cassandra Marks.

Numbers 287

Numbers Banking Economics 287

The Big Picture

APRIL 27, 2023

We currently see none of the pre-recession warnings that are typical before economic contractions. Instead of most states showing expansion, before recessions, that will drop to 45, 40, then 35 before a recession begins; eventually, the number of expanding states then fall to 10, 5, or 0.

Economy 302

Economy Economics Banking Numbers 302

MarketWatch

MAY 18, 2023

stock indexes opened mostly lower on Thursday as investors grew more confident the White House would reach a deal with Congress to avoid a debt default, while weighing the Federal Reserve's next interest rate move after Fed Bank of Dallas President Lorie Logan said the case for a pause next month is not clear.

Economics 52

Economics Banking Numbers Marketing 52

Nationwide Financial

MARCH 21, 2023

Thoughts Equity markets delivered an impressive gain in a disruptive week that was an eerie reminder of bank selloffs during the global financial crisis. Investor worries have rapidly shifted from the Fed and inflation to banks and interest rates. Regional bank stocks have been punished, with the KBW Bank Index down 28% this month.

Banking 52

Banking Marketing Marketing Economics 52

The Big Picture

APRIL 21, 2023

And the current S&P Global PMI numbers serve to reinforce the PoV narrative. It should also not be ignored that this survey is following the banking scare. Following the SIVB debacle and the subsequent funding pressures seen by some regional banks, the stability of the financial sector was at risk. Manufacturing firms?

Economy 327

Economy Banking Manufacturing Management 327

Good Financial Cents

JANUARY 11, 2023

A career in a major bank can be both rewarding and well-paying, with top positions garnering income of hundreds of thousands or even millions of dollars annually. For example, investment bankers are near the top of the list, often working for large investment banks like Goldman Sachs or Morgan Stanley. About the Banking Industry.

Banking 96

Banking Budgeting Portfolio Management Recruitment 96

Nerd's Eye View

AUGUST 22, 2022

In general, this means that people are more likely to be more aware of how much cash they're holding than the other numbers in their financial life, like the balances on their retirement accounts (which, being less 'immediate' in their intended purpose, are not often at the forefront of most people's minds to the same extent that cash is).

Clients 233

Clients Management Accounting Banking 233

Nerd's Eye View

JANUARY 20, 2023

While it remains to be seen whether the measures will actually be enacted, proposed measures include raising income and capital gains tax rates, instituting wealth taxes, and reducing the state estate tax exemption, potentially creating future planning opportunities for advisors with clients in those states.

Financial Planner 209

Financial Planner Financial Advice Fee Only Financial Planning 209

Discipline Funds

MARCH 24, 2023

This week’s chart of the week shows the S&P Regional Bank index performance year-to-date. Pretty big numbers. Banks are obviously getting a lot of the attention this year given the recent developments with SVB and some other regional banks. It’s why economics is as much social science as hard science.

Banking 59

Banking Government Economy Economics 59

Nerd's Eye View

AUGUST 22, 2022

In general, this means that people are more likely to be more aware of how much cash they're holding than the other numbers in their financial life, like the balances on their retirement accounts (which, being less 'immediate' in their intended purpose, are not often at the forefront of most people's minds to the same extent that cash is).

Clients 214

Clients Management Accounting Banking 214

Park Place Financial

NOVEMBER 29, 2022

Estates Estate Planning in this Economic Climate Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE. Between inflation, increasing interest rates, federal changes to monetary policies, and global conflict, many factors are putting a strain on the current economic situation. Create a Trust . Work with the Professionals .

Estate Planning 52

Estate Planning Economics Planning Financial Planner 52

The Big Picture

JUNE 27, 2024

Most of us get paid by a direct deposit into our bank account. That you can tank up in 2024 for $50-75 is an economic miracle, but people still love to complain about gas prices. For most of us who are not regularly crunching the numbers in spreadsheets, it may not feel that way. Houses are another legitimate and big complaint.

Economics 320

Economics Budgeting Sales Media 320

The Big Picture

SEPTEMBER 21, 2022

Consider : Questioning investors as to their risk tolerance does not typically result in an accurate description of their true tolerance for drawdowns and lower returns; instead, we get a number highly dependent upon the performance of equity markets over the prior three to six months. November 22, 2009). Black Friday #Fails.

Risk Tolerance 333

Risk Tolerance Budgeting Numbers Banking 333

The Big Picture

MARCH 31, 2023

The platform had punched above its weight in pure user numbers thanks to an unrivaled ability to both distribute real-time information and make expertise available. Bloomberg ) • Remote Banking Crisis: Banks tried to kill remote work. Now, remote work is trying to kill banks. In 2021, banks tried to kill remote work.

Banking 159

Banking Math Distribution Investment Advisor 159

The Big Picture

JULY 26, 2023

It is one of those round numbers that people just kinda made up and started with for no apparent reason. But the 2% inflation target is LITERALLY a random number 2 that originated in New Zealand in the 1980s. If there was something magical about 2% as the ideal balance between prices and jobs, that would be one thing.

Economy 246

Economy Economics Numbers Banking 246

The Big Picture

JANUARY 18, 2023

A data-dependent central bank surely should be working off of the latest available information. But this does not mean the Fed should inflict pain on millions of people (especially those earning at or below median wages ) because they are waiting for an update to an economic model.

Economics 310

Economics Retail Economy Banking 310

Trade Brains

JULY 30, 2022

Top Bank Stocks In India: Often we hear that the Banking sector of a country is the backbone of its economy. In this article, we will take a look at top bank stocks in India. In this article, we will take a look at top bank stocks in India. As of January 2022, the total number of ATMs in India reached 255,00.

Banking 52

Banking Retail Financial Services Assets 52

The Big Picture

SEPTEMBER 30, 2022

After almost four years in charge, the CEO’s strategy to diversify the bank has not been as transformative as many had hoped. Peterson Institute for International Economics ). Peterson Institute for International Economics ). Sales Numbers Start Climb. Financial Times ). What happened to giving money to charity?

Banking 179

Banking Government Economics Numbers 179

The Big Picture

JULY 27, 2022

I have detailed over the past decade or so the lagging nature of wages in America — deflationary in economic terms — and how that had begun to change in the late 2010s pre-pandemic. By any measure, we still have an enormous number of unfilled positions. It’s just off the peak, but still extremely high by any measure.

Medicine 330

Medicine Numbers Food Insurance 330

Carson Wealth

AUGUST 12, 2024

The late week rebound was supported by better economic data, including some good jobs-related numbers. We will keep things very simple here, but the Bank of Japan (BOJ) surprised markets with a rate hike which lead to a big move in the yen, which in turn unwound the yen “carry trade,” causing many risk assets to sell off heavily.

Marketing 95

Marketing Marketing Numbers Economy 95

Nerd's Eye View

JANUARY 1, 2024

From there, the latest highlights also feature a number of other interesting advisor technology announcements, including: JPMorgan has announced plans to shut down its robo-advisor offering after just four years, highlighting broadly the challenges of robo-advisors to overcome the challenging economics of acquiring and serving small clients, and in (..)

Retirement Planning 226

Retirement Planning Compliance Startup Clients 226

Abnormal Returns

JULY 25, 2023

awealthofcommonsense.com) Rubin Miller, "Annual forecasts are a deeply entrenched legacy exercise, disoriented toward client success but highly profitable for banks." theankler.com) The Hollywood strikes are more than just an economic battle. nytimes.com) Housing The May Case-Shiller numbers showed a 0.5%

Financial Advising 130

Financial Advising Media Engineering Sales 130