With the greatest global commodity shock dynamic propagating, it’s timely to examine the banking landscape at the water’s edge just before the tsunami sweeps in. Per FDIC, the banking industry’s loss provision expense was $20.8 billion in the third quarter 2025, down $9.2 billion QoQ mostly due to Capital One’s acquisition of Discover Financial Services.Continue reading “US Regional Banks at Ground Zero of the Hormuz Commodity Shocks”
Tag Archives: Economics
Trump Pushes The McKinley Plan
McKinley had built his reputation in Congress on high tariffs, promising protection for American business and well-paid U.S. factory workers. With the Republicans in control of Congress, Ways and Means chairman Dingley introduced the Dingley Act, which would raise tariff rates on wool, sugar, and luxury goods. Congress passed the legislation with McKinley’s support, andContinue reading “Trump Pushes The McKinley Plan”
Econophysics2020 