Yes, Unfortunately

Yes, Unfortunately

This week the affected home and business owners in LA began to scale the mountain of paperwork that inevitably follows in the wake of the fires. First stop was most likely to file an insurance claim. However, afflicted as it is by fires and earthquakes, California is...
Beyond Stress

Beyond Stress

It was difficult to find an appropriate topic for this first Risk Report of 2025. In true New Year’s fashion every common risk topic—inflation, interest rates, dollar strength, bank regulation, and more—has been thrown into the air like confetti and it is not yet...
Where or When

Where or When

The first thing they teach you at economist school is that you can either predict where an indicator is going, or you can predict when it will change, but you cannot do both and still be right. As we are deep into the season of predictions there are plenty of examples...
We Should Have Seen This Coming?

We Should Have Seen This Coming?

37,000 banks, 5,000 bank failures, 158 years. That’s the stuff of dreams, if you are a researcher at the New York Federal Reserve. Liberty Street, the NY Fed blog, has just published a series of excellent posts about what this treasure trove of data can tell us about...
Agree Now, Pay Later

Agree Now, Pay Later

The rule of the conferences of the parties to the Paris Agreement (COPs) is that nobody leaves until an agreement is reached, which of course ensures an outcome, but not necessarily an outcome anybody wants. The deal that was reached in Baku, Azerbaijan is that by...