Joseph Wang

Author Archive

  • Apr 25, 2023
    A wide range of indicators suggest that the banking panic is over, there is no credit crunch, and bank profitability will be fine.
  • Mar 14, 2023
    Banks manage their liquidity through their asset composition and choice of liabilities. Badly run banks have volatile liabilities and assets.
  • Jan 24, 2023
    The Fed is determined to shrink its balance sheet and has suggested new principles that allow QT to continue for a few more years.
  • Jan 17, 2023
    A huge credit boom took place in 2022 and its aftermath will be supportive of demand for the coming months. The boom may even continue.