Liquidity Risk at Large U.S. Banks NBER. “For 2019 Q4, the revised tests suggest it is unlikely that any of the six banks would survive a liquidity crisis for 30 days. This negative finding is most clear-cut for Goldman Sachs and Morgan Stanley.” Oh.
Is China ripe for a subprime crisis? Regulator sees bank property loans as ‘biggest grey rhino risk’ for financial system South China Morning Post. Commentary:
But while I still think China is more likely to have a long deflation than a collapse, he is probably a little late in suggesting that “steps must be taken to avoid bubbles in the real estate sector,” although he could hardly have said otherwise. Unfortunately for… — Michael Pettis (@michaelxpettis) December 1, 2020
#Durham#NewEvidence READ: Letter to House + Senate Judiciary committees obtained @CBSNews AG Barr says he expected Durham to complete his criminal investigation by Summer 2020 but it was delayed due to COVID-19 + “additional evidence (Durham) uncovered.” Barr said Special pic.twitter.com/Y4BPLyN0id — Catherine Herridge (@CBS_Herridge) December 1, 2020
Leverage James Kwak. “[T]he Democratic leadership in Congress seems inclined to give up the potential chance to write their own appropriations bill in January in exchange for a bill that they have to negotiate with McConnell and . . . Donald J. Trump.”
As a mission-driven organization, Equitable Growth believes in collaboration and respect as part of our core values. Claudia Sahm’s version of what transpired in her time at Equitable Growth is not based in fact. — Equitable Growth (@equitablegrowth) December 2, 2020