R. Christopher Whale

R. Christopher Whale


Author, Banker, Citizen

22095 followers  •  179 follow  •    •   https://t.co/ZDvV4mpKL9

SO when we talk about "loan growth" for banks, remember that nonbanks/brokers originate most loans in the US. $BAC, $WFC fund and buy loans for portfolio. If they shrink "lending" like WFC, then not buying. Buying today means you own above FV and got a problem tomorrow,

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Trucking is the American cardiovascular system @jimcramer  @ubertrucking 

"PennyMac High Balance to $937,500" @PennyMacNews  | But inflation is low....

"To him #bitcoin ] is the purest expression of inflation because it is the one asset class that central banks are not directly or indirectly managing through their policy mandate." | | Is crypto really a hedge or an ornamental shrub atop the legacy world

Ditching mortgage? Goldman prediction; Zillow competition 😉:

"Upstart Stock Is Wildly Overvalued and Set to Crash" $UPST @irbezek  Yep, like we said. But its only gotten better with time....

The end of China’s export economy is here

"Growing disparity is seen in U.S. earnings, GDP estimates: Chart of the Day" @TheOneDave 

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"LOAN GROWTH REMAINS MUTED AS GDP GROWTH ESTIMATES ARE PARED BACK OUT INTO 2022" @krollbondrating  | Like we said.....

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#Roy : "Fed Chairwoman Janet Yellen is perplexed 'why so many Millennials choose to rent' rather than purchase a home. There was a collective chuckle in the room when I heard her make that statement at a recent House Financial Services Committee hearing." #Duh 

A $400,000 house got 122 offers in 2 days, highlighting the desperate frenzy buyers are facing amid skyrocketing real-estate prices and a dearth of homes for sale via @businessinsider 

Why Sweden Has Already Won the Debate on #COVID  ‘Lockdown’ Policy via | Fascinating perspe @21WIREtive ... Was the lockdown a mistake??

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#Bove : "There were only four times in this 108-year period when the PPI reached 19.8%: • World Wars I and II. • The recessions/depressions after WWI and in the 1930s. Last month is the fifth time. #inflation  #PPI 

But Chair Yellen encouraged the debt party -- explicitly. How can @WSJ  give this charlatan a forum?? | Ex-Fed Chairwoman#Yellen  said bad choices by broad swaths of the financial industry and companies are likely to make it harder for economy to recover.

“We spend $750 billion annually on ‘defense’ and the center of American government fell in two hours to the cast of Duck Dynasty and the guy in the Chewbacca bikini.” #ChiefRunningBull ....

The echoes of China’s financial crisis are being heard as a giant struggles to survive | China is in the midst of a serious financial crisis, but you'll never hear about it in the ..... #BigMedia  @ChinaBeigeBook  @JamesGRickards 

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