Bank balance sheets are filled with lies because the majority of assets on their balance sheet are usually reported at "amortized cost" rather than "fair value". When interest rates go up, the...
Category: News
Barney Frank is a retired Democratic congressman who co-authored the Dodd-Frank Act (the set of new banking regulations that came in the wake of the Financial Crisis) and sat on the board of...
"In 2 years, SVB more than tripled their deposits but couldn't lend out money as fast as they received it, so they decided to buy over $80 billion in long-term mortgage-backed securities that yielded...
Walmart (NYSE: WMT) August 2022 Earnings Summary | Consumers Weaken
Walmart beat both revenue and Non-GAAP EPS estimates for the quarter. However, the company is under pressure from inflation and poor inventory planning last year. Quick Numbers Reporting...
Wells Fargo reported Q2 non-GAAP EPS of 74 cents on $17 billion in revenue versus the 80 cents on $17.5 billion expected by Barron's. This continues the trend of financial companies consistently...
Over the past 7 days, Google search volume for queries containing the word "recession" have more than doubled (see graph below): Various versions of the query "what is a bear market" surged...