This is a ChatGPT-free Zone
I mentioned recently that what I fear most for U.S. banks is what happened in Japan; low interest rates for a long time. If long term interest rates keep going lower, this will put pressure on bank net interest margins and therefore profits. So I decided to take a quick look at this and found…
Interest rates are plunging yet again in the U.S., and there is talk now of QE3 again. I’m happy to see things being done to help the economy, but one thing I fear about QE3 is that it will destroy the banking industry. What Worrys Me Most About Banks The JPM trading loss doesn’t worry…
This is apparently a real post card from Buffett according to Fortune magazine. Buffett did comment on it so it’s real. Notice on the list is the stock Google! Charlie Munger has spoken very highly of GOOG in the recent past and Buffett has become less anti-tech (with his $10 billion+ purchase of IBM) so…
OK, I keep saying I won’t do something and then go ahead and do it a post or two later. One thing interesting to notice about these bank earnings announcements is how solid they are despite the horrible environment (or so it seems when you read the newspaper). For example, the S&P 500 index has…
One legacy of the financial collapse is the series of long term warrants on the banks that received TARP money. When large U.S. banks received TARP money from the Treasury in 2008, they also issued warrants on the shares of stock to the treasury department. The Treasury then sold the warrants to the public when…