Richard X. Bove is the chief strategist at Rafferty Holdings and the author of "Guardians of Prosperity: Why America Needs Big Banks" (2013)
Richard X. Bove is the chief strategist at Rafferty Holdings and the author of "Guardians of Prosperity: Why America Needs Big Banks" (2013)
Bank capital is under severe pressure because managements are giving away literally hundreds of billions of dollars in stock buybacks and what remains is being eroded by higher interest rates.
The notable banking analyst believes this central bank might even be closer than Richard Nixon's Fed was to him during his Presidency.
Notable banking analyst Dick Bove discusses why the Federal Reserve is too tight and must reverse course for this economic expansion to continue.
Notable banking analyst Dick Bove makes the case for why the Federal Reserve is too tight already.
Revenues from investment banking, trading, brokerage commissions, and fiduciary fees have only grown modestly since 2009, and it appears the customer actually made more money.
Persistent rate increases in the United States may be having very negative impacts on the global economy.
Despite its political angst, the United States is the best place to put your money and in comparison with other countries appears not only to be safe but also expanding economically.
JP Morgan Chase CEO Jamie Dimon is suggesting that the shrinking of the Fed balance sheet and the rise of the 10-year Treasury yield to 5 percent pose dangers. His views are important since his bank is at the nerve center of money flows and its costs.
It is expected that the Federal Reserve will raise the Federal Funds rate one more time in September.
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