House Fin. Services Drilldown (February 11)

Update 330 — House Fin. Services Drilldown: Subcommittee Chairs, Members, Agendas Chairwoman Maxine Waters and the House leadership have announced assignments for House Financial Services Subcommittee seats in the 116th Congress.  No less than a dozen freshmen, including Alexandria Ocasio-Cortez of New York and Katie Porter of California, have landed spots on prominent subcommittees, such as …

House Fin. Services Drilldown (February 11) Read More »

Survey of Public Banking (February 6)

Update 329 — Access to Financial Services:Survey of Public Banking Bills in Congress Before long, the winter will lift and we will see a thousand flowers bloom in the marketplace of policy ideas over the spring, with the first official presidential primary debates to follow in June. Among the most far-reaching economic policy proposals surfacing …

Survey of Public Banking (February 6) Read More »

Affordable Housing an Oxymoron? (January 30)

Affordable housing has increasingly become a contradiction, as many people are priced out of the property market or struggle with sky-high rents. The issue is a high priority item for House Financial Services Chair, Maxine Waters. Many new freshmen on the House Financial Services Committee have backgrounds in housing policy.   Yesterday, the Trump Administration …

Affordable Housing an Oxymoron? (January 30) Read More »

Household Debt Through the Roof (January 25)

Update 326 — Household Debt Through the Roofas Students, Homeowners, Consumers ReleverageThe growing national appetite for debt is not limited to the federal government or to corporate America, as covered in the previous Update.  Households, too, have rediscovered the virtues of debt and they are turning increasingly to nonbank sources of financing. Are we turning …

Household Debt Through the Roof (January 25) Read More »

Our Systemically Riskiest Markets (January 18)

Update 324: Our Systemically Riskiest Markets… Beyond a Shadow of a Notional Doubt The long weekend ahead —or the furlough as the case may be — affords the opportunity to look at the little-understood but vast shadow banking system. Many firms involved in the 2008 financial crisis continue to operate in a relative regulatory void, …

Our Systemically Riskiest Markets (January 18) Read More »

Wall or Nothing (January 15)

Update 323 — Wall or Nothing WH Stays Aloof Trump Unmoved: Let Them Make Adjustments Before the holiday break, we wrote an update on the budget wranglings over Trump’s border wall. At the time, it looked likely that the government was heading for a partial shutdown. The record-breaking shutdown is now in its 25th day. …

Wall or Nothing (January 15) Read More »

Bear or Bull Market: What’s the Beef? (January 11)

Update 322 — Bear or Bull: What’s the Beef? What Market Volatility Means for Real Economy Markets are notoriously difficult to read, let alone predict.  And market performance correlates to growth and other macroeconomic factors in an opaque way.  But the increasingly erratic capital markets are arresting attention and arousing concerns. Which of these real …

Bear or Bull Market: What’s the Beef? (January 11) Read More »