2min chapter

Forward Guidance cover image

Chris Whalen on Big Bank Earnings and the Return of Credit Risk

Forward Guidance

CHAPTER

The Fed Signals for Inflation

The market was mostly about disclosure. Flow-wise, it's still a significant problem for the industry. Rising interest rates, rising credit costs are bad for book value as Dickbove made tell me years ago. But these stocks are unlikely to perform well as long as we're worried about credit.

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