US Banks Stress Test
IF a severe recession hits, how would the US banks fare? Based on the stress testing of the 23 large US banks, they have enough capital...
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Frank Tian
Apr 25, 20231 min
US Banks Reserves Update
🚨 With the banking crisis in March, What is the impact on US banks' upcoming credit loss? Based on the latest Q1 ‘23 reserve changes,...
Frank Tian
Apr 21, 20231 min
💳 Consumers Continue to Shop on Cards
The top 4 US banks had another solid quarter with credit cards. This is the advantage of the diversified business model at full-service...
Frank Tian
Mar 1, 20231 min
Canadian Macro Update
🇨🇦 Jan inflation down to 5.9%. Why is the price still high up there? Inflation measures the speed of price increases. The drop of...
Frank Tian
Dec 4, 20221 min
🏠 Canadian Mortgage Risk Snapshot - Q4 '22
Big 5 banks’ Q4 earnings reports are out. Here is an update of the mortgage book. 👇 It is a very Rough estimate, as each bank reports...
Frank Tian
Nov 16, 20221 min
US Q3 Update
Q3 saw fast rate hikes and an uncertain future. How is the US household credit doing? Here is the latest Fed report: 👇 US household debt...
Frank Tian
Oct 25, 20221 min
🇨🇦 Canada Rate Decision Today (Updated)
BoC hiked the rate by another 50 bps, which brings the cumulative rate hike this year to 350 bps. The increase is lower than the...
Frank Tian
Sep 3, 20221 min
Canada Rate Decision - September
🇨🇦 Canada Rate Decision Today As the market expected, BoC hiked the rate by another 75 bps, in an effort to bring down inflation...
Frank Tian
Aug 28, 20221 min
Canadian Banks Q3 Reserve
🇨🇦 Despite the recession risk, no need to panic. According to the reserve changes at the Big 5 Canadian banks. In Q3 F’22 (ending...
Frank Tian
Aug 18, 20221 min
🇨🇦 Canada Macro Update
July inflation is out … +7.6% Y/Y. Finally, it is moving in the right direction, but still outpacing wages. 🟨 July inflation down to...
Frank Tian
Aug 6, 20222 min
Aging Effect on Inflation
Recession with Full Employment? The macro trend underneath … US Q2 GDP Y/Y growth is -0.9%, according to BEA’s advance estimate today....
Frank Tian
Jul 27, 20221 min
US Banks Q2 Cards
Actions don’t always match feelings. As confirmed by the credit card numbers in Q2 earning reports. Credit card purchases had a strong...
Frank Tian
Jul 23, 20221 min
US Banks Q2 Reserves
The horizon is stormy, but no clear sign of the severity yet. That is the message from the big banks in this earning season. The largest...
Frank Tian
Jul 17, 20221 min
2022 US Banks Stress Testing Result
With the possible imminent recession, how would the US banks fare? Based on the stress testing of the 34 largest US banks, they have...
Frank Tian
Jun 17, 20221 min
Inverse Wealth Effect
Even for those without any income loss, Market slides will lead to less consumer spending. This CBC piece explains the inverse "wealth...
Frank Tian
Apr 30, 20221 min
US Consumer Finance Update
The Fed reported a $42 billion growth in consumer borrowing in Feb 2022. Consumers seem to pay down balances more slowly. This could be...
Frank Tian
Feb 20, 20221 min
Ten Signs Pandemic Ending
🔟 Ten signs That we are at the endgame of the pandemic. Even though not all of them are welcomed. Gas prices spiked. Traffic on highways...
Frank Tian
Jan 23, 20221 min
IMF Quarterly GDP Forecast
Disrupted recovery. No interest rate hike, yet. 1/25: IMF lowered the 2022 global GDP growth forecast from 4.9% to 4.4%. 🔻 🇺🇸 US:...
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