Rafi Farber: Bank Trouble Ahead as Capital Requirements to Tighten Significantly

Why does a guy who looks like the cigarette-smoking man from The X-Files, radically alter bank regulations? Why is silver getting smashed today? It’s probably Japan’s fault.

The money supply is surprisingly down – again – for June despite reverse repos pouring into the banking system, a surprising development possibly related to the tightening of banking regulations by the X Files guy. And did you know that only about 12% of consumer debt is subject to rising interest rates? That means the pressure of rising rates is hitting banks almost exclusively.

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