Allowing dead assets to stay on the books as if they are alive is precisely what created insolvent zombie banks in Japan, which continued to operate for over a decade at public expense, even while lending activity stagnated. (hussmanfunds.com)
Tags: algo trading, Ben Bernanke, BOJ, Fed, FOMC, MBS, portfolio balance channel, QE, shadow banking, William Dudley, zombie banks Posted in BoJ, Fed 4 Comments» (yragharris.com)
Consider the fact that in the upward whoosh of the Trump Bump our friends at BAC actually outperformed the other large zombie banks and by a wide margin. (theinstitutionalriskanalyst.com)