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Banks – Industry Overview

Tom Spencer

Investment banks are split between capital markets and corporate finance (also known as investment banking). Investment Banking – Capital Markets (Wholesale Banking) and Corporate Finance. Business banks: Banks that focus on mid-sized businesses and commercial real estate. Investment Banking. Funding and the Loan Mix.

Banking 12
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Bulls and Bears Debate China: Property Bubble Expands Again; GDP Growth Picks Up; Economic Recovery Underway? No Says Michael Pettis

MishTalk

A series of land sales have set record prices since August, with real estate developers ramping up their competition for the best plots in the biggest cities. Part of it may simply be that few Chinese see any real alternative to real estate as a way of saving. China Rich in Reserves. Pettis Replies.

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The Data Says Climate Change Could Cost Investors Trillions

Harvard Business

When investors look at climate risk – if they do at all – they’ve focused mainly on what worldwide action to reduce carbon will do to the fossil fuel industry. These so-called “stranded assets,” sitting on petro-company balance sheets, are essentially worthless. And what is the risk of devaluation?

Data 28
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Pettis Proposes Savings Glut and Income Inequality are Source of Global Imbalances; Mish vs. Pettis: I Respectfully Disagree

MishTalk

This model rests on an understanding of how distortions in the savings rates of different countries have driven the great trade and balance-sheet distortions with which we are wrestling today, just as they have in most previous global crises, including those of the 1870s, the 1930s, and the 1970s.

Banking 67
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The Cantillon Effect

Tom Spencer

In 2020, the Fed has galloped over the precipice, increasing its balance sheet by around $2.8 Central banks pursue “inflation at any cost” in order to oil the wheels of the credit markets. This inadvertently fuels asset bubbles and financial instability. trillion over the last 5 months.

Banking 120