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Hear a discussion on the stability of the US financial system, featuring Steven Kelly, Associate Director of Research at Yale School of Management, Leslie Falconio, Head of Taxable Fixed Income, CIO Americas
If you've ever faced the need for surgery, you know how important it is to have a skilled and compassionate team by your side. That's why Aultman General Surgery in Canton, Ohio, is proud to provide top-tier surgical care with a team of experienced surgeons who put patient well-being first. On a recent episode of the Health Matters podcast, hosted by Medicine Center Pharmacy, we had the privilege of speaking with Dr. Elsworth Beach, Dr. Steven Kelly, and Dr. Jay Patibandla—three outstanding surgeons from Aultman General Surgery. They shared insights on the range of surgical services available to patients in our community and what makes Aultman's approach to surgery unique. https://www.medshoprx.com/blog/surgical-frontiers-inside-aultmans-state-of-the-art-general-surgery-care
Steven Kelly continues our series on the book of Amos
Steven Kelly is the associate director of research as the Yale Program on Financial Stability. Steven returns to the show to discuss his new model, the Treasury Equity Model of the Federal Reserve's emergency lending. Check out the transcript for this week's episode, now with links. Recorded on January 23rd, 2025 Follow David Beckworth on X: @DavidBeckworth Follow Steven Kelly: @StevenKelly49 Follow the show on X: @Macro_Musings Check out our new AI chatbot: the Macro Musebot! Join the new Macro Musings Discord server! Join the Macro Musings mailing list! Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel Timestamps: (00:00:00) – Intro (00:00:47) – The Discount Window and Its Current Momentum (00:03:22) – Evaluating the Treasury-Equity Model of Fed Emergency Lending (00:07:33) – The Fed's Section 13(3) Facilities (00:12:54) – Creation of Section 13(3) (00:16:46) – Currency Swap Lines (00:18:36) – Beginnings of the Treasury-Equity Model (00:28:16) – Treasury-Equity Model During COVID-19 Pandemic (00:40:12) – Banking Turmoil of 2023 (00:46:15) – Advice for the Fed (00:47:50) – Outro
Kelly Grayson is a very experienced paramedic, educator, speaker and author that serves the EMS community. You can follow him here: (10) Kelly Grayson (@AmboDriver) / X (20+) FacebookYou can find his books on AmazonAmazon.com: On Scene: More Stories of Life, Death and Everything In Between (A Paramedic's Stories of Life, Death and Everything In Between Book 2) eBook : Grayson, Steven "Kelly" : Kindle StoreEn Route: A Paramedic's Stories of Life, Death and Everything In Between: Grayson, Steven Kelly: 9781537770819: Amazon.com: BooksHow to compartmentalize and do our job without losing our humanity. This is a balance we are all trying to findKelly talks about how he had to detach in order to quickly triage on a scene and how this is necessary to do the job a lot of timesJoy and pain are different sides of the same coin; if you insulate from one you deny the enjoyment of the otherIf you don't let the failure to resuscitate a pediatric patient bother you, how can you feel the joy of delivering a baby?Often we are spending more time with the lowest of society rather than on our own health and well-being You have to be able to step away from EMS and leave work at work. But we all know this is very difficult. You need to share your feelings with your family. Holding it all inside is not helpfulKelly talks about how this lack of communication cost him aSupport the showFull show notes can be found here: Episodes - Practical EMS - Content for EMTs, PAs, ParamedicsMost efficient online EKG course here: Practical EKG Interpretation - Practical EMS earn 4 CME and learn the fundamentals through advanced EKG interpretation in under 4 hours. If you want to work on your nutrition, increase your energy, improve your physical and mental health, I highly recommend 1st Phorm. Check them out here so they know I sent you. 1st Phorm | The Foundation of High Performance Nutrition Everything you hear today from myself and my guests is opinion only and doesn't represent any organizations or companies that any of us are affiliated with. The stories you hear have been modified to protect patient privacy and any resemblance to real individuals is coincidental. This is for educational and entertainment purposes only and should not be taken as medical advice nor used to diagnose any medical or healthcare conditions.
Kelly Grayson is a very experienced paramedic, educator, speaker and author that serves the EMS community. You can follow him here: (10) Kelly Grayson (@AmboDriver) / X (20+) FacebookYou can find his books on AmazonAmazon.com: On Scene: More Stories of Life, Death and Everything In Between (A Paramedic's Stories of Life, Death and Everything In Between Book 2) eBook : Grayson, Steven "Kelly" : Kindle StoreEn Route: A Paramedic's Stories of Life, Death and Everything In Between: Grayson, Steven Kelly: 9781537770819: Amazon.com: BooksKelly talks about how he was cocky for many years when he first started as a paramedic. Paramedics often go one of two routes: God's gift to paramedicine or bringing their text books around in fear every dayKelly re published En route and On Scene the way he meant to release them in the first place in 2023A lot of us go through the “God's gift to paramedicine” phase of our career when we are overly-confident when we are newKelly tells a moving story about an elderly woman and how not everyone wants to be savedSupport the showIf you want to support the show, follow the links below for some great health and fitness products.My favorite protein:https://1stphorm.com/products/phormula-1/?a_aid=PracticalEMS My favorite 1ST Phorm Energy Drinks: https://1stphorm.com/products/1st-phorm-energy/?a_aid=PracticalEMS My favorite creatine supplement https://1stphorm.com/products/micronized-creatine-monohydrate/?a_aid=PracticalEMS My favorite pre-workout supplementhttps://1stphorm.com/products/project-1/?a_aid=PracticalEMS If you want to work on your nutrition, increase your energy, improve your physical and mental health, I highly recommend 1st Phorm. Check them out here so they know I sent you. 1st Phorm | The Foundation of High Performance Nutrition Everything you hear today from myself and my guests is opinion only and doesn't represent any organizations or companies that any of us are affiliated with. The stories you hear have been modified to protect patient privacy and any resemblance to real individuals is coincidental. This is for ed...
In our latest Family Sunday, SLT member Steven Kelly talks about being saved by grace using "Rudy", "Remember the Titans" and Les Mis!
Steven Kelly is the Associate Director of Research at the Yale Program on Financial Stability and is also a returning guest to the podcast. Steven rejoins David on Macro Musings to talk about the financial stability implications of the discount window. David and Steven also discuss the issues with FHLBs, how to fix the challenge of reporting requirements, restarting the term auction facility and committed liquidity facilities, and much more. Transcript for this week's episode. Steven's Twitter: @StevenKelly49 Steven's blog: Without Warning David Beckworth's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Check out our new AI chatbot: the Macro Musebot! Join the new Macro Musings Discord server! Join the Macro Musings mailing list! Check out our Macro Musings merch! Related Links: *Domestic Liquidity Provision During Potential Crises* - a panel discussion featuring Steven Kelly, Bill Nelson, Susan McLaughlin, and Luc Laeven at the Federal Reserve Bank of Atlanta's 2024 Financial Markets Conference *Weekly Fed Report Still Drives Discount Window Stigma* by Steven Kelly *The New Bagehot Project* - an initiative by the Yale Program on Financial Stability *Forward Guidance: Something Old and Something New: Two Potential, Beneficial Discount Window Facilities* by Bill Nelson Timestamps: (00:00:00) – Intro (00:01:02) – The Yale Program on Financial Stability and Steven's Role (00:07:04) – Building a Resilient Regulatory Framework (00:12:45) – Addressing Issues in the Discount Window (00:21:37) – Responding to Criticism of Liquidity Regulations (00:27:22) – Fixing the Challenge of Reporting Requirements (00:33:29) – Restarting the Term Auction Facility and Committed Liquidity Facilities (00:37:24) – Addressing the Issue with FHLBs (00:45:26) – Additional Thoughts from the Atlanta Fed Conference Panel (00:50:59) – Could Increased Use of the Discount Window Cause a Shift in the Fed's Operating System? (00:54:44) – Outro
SpeedFitters arrives at an accident scene before an ambulance, deciding if your limbs will be re-attached. No insurance? No problem. Your limbs are sold off, but you get shiny-new SpeedFitters prosthetic at a 10% discount! Working shootings and car accidents, Steven Kelly slops up limbs to keep a roof over his head. He wants the American dream, ridding himself of his divorced, one-room apartment existence. With an abundance of limbs, the mean streets of Chicago have been good to Steven. And when he meets Lisa, true love has found him for the first time. Chicago's windy city politics derail everything instituting sweeping laws, reducing speed limits on expressways below 100 mph and increasing police presence to reduce shootings. It won't be long before the bank takes Steven's house once the parts pool dries up. And the back luck keeps coming--SpeedFitters cuts his health insurance, putting his new baby's kidney transplant on hold. Only a criminal boss--who's decided to process his competition--can save Steven's American dream. Is it an offer he can't refuse? --- Send in a voice message: https://podcasters.spotify.com/pod/show/daniel-lucas66/message
Catskills News Director Mike Sakell speaks with Steven Kelley, President and CEO and Ashima Butler, COO of Ellenville Regional Hospital. Ellenville Regional has recently embarked on a plan to replace their current facility, a $100 million dollar project. The project is dependent on a New York State Department of Health Transformation Grant, that is $50 million dollars to start.
In this super special edition of Bank Nerd Corner, Alex and Kiah are joined by Steven Kelly, the Associate Director of Research at the Yale Program on Financial Stability. They dive into the Q1 Bank Earnings, debating exactly how much stock prices matter in determining bank health. Is there too much emphasis placed on the connection between stock prices and deposit runs at the bank? Kiah, Alex, and Steven debunk some of the biggest misconceptions about bank solvency and unravel how banks have always operated at negative equity—and why that doesn't mean they won't turn a profit eventually. Later, Steven shares his insights into tokenization outside of its crypto origins and explains which aspects of the underlying blockchain technology regulators are most excited about. What are the downsides and risks? And despite crypto's widespread problems, how will blockchain technology sustain outside of it? Plus, the gang also unpacks the role of the FHLB in the banking system, discusses the explosive growth of private credit, and gets into a heated debate about the merits of… potatoes. Yep—you heard that right. Kiah has some *thoughts* about the mediocrity of potatoes. We never said they were correct though. TruStage Payment Guard Insurance is a first-of-its-kind insurance solution built for digital lenders, designed to help you attract more borrowers, strengthen your loan portfolio and reduce time spent on collections — all with minimal tech lift needed to go live. To learn more about Payment Guard Insurance, visit https://www.trustage.com/payment-guard. 00:02:44 – Q1 Bank Earnings Released 00:18:21 – Tokenization 00:35:44 – The Federal Home Owned Bank 00:55:04 – Private Credit 01:04:32 – Go Off Kiah! Sign up for Alex's Fintech Takes newsletter for the latest insightful analysis on fintech trends, along with a heaping pile of pop culture references and copious footnotes. Every Monday and Thursday: https://workweek.com/brand/fintech-takes/ And for more exclusive insider content, don't forget to check out my YouTube page. Follow Steven: LinkedIn: https://www.linkedin.com/in/sjkelly6/ Newsletter: https://www.withoutwarningresearch.com Follow Kiah: LinkedIn: https://www.linkedin.com/in/khaslett/ Twitter: https://twitter.com/khaslett Follow Alex: YouTube: https://www.youtube.com/channel/UCJgfH47QEwbQmkQlz1V9rQA/videos LinkedIn: https://www.linkedin.com/in/alexhjohnson Twitter: https://www.twitter.com/AlexH_Johnson
in this episode: Threat against Sullivan West Central School District prompts security discussion. Steven Kelly arrested following social media posts referencing firearm. Timeline of events presented during meeting with law enforcement and school officials. Assemblywoman Aileen Gunther announces she won't seek re-election. Proposal to relocate auto repair shop in Bethel faces opposition from residents. Bethel Motor Speedway requests permit renewal and additional practice dates. Former Orange County Judge appointed as new Sullivan County Attorney. Sullivan County Democratic Committee endorses candidates for upcoming elections. Sullivan County Republican Committee endorses Camille O'Brien for Assembly seat. Neversink Town Board approves Eagle Scout Project to replace historic dog pound shed. Fashion show at The Black Library showcases local Sullivan County designers' work.
A little less than a year ago, the US financial system was rocked by its first major banking drama since 2008. While the crisis was eventually contained, and only three lenders ended up collapsing, the experience re-ignited an ongoing conversation about the way we rescue troubled lenders. Not only did the Federal Reserve launch a new liquidity program called the Bank Term Funding Program as part of its support to the banking system in 2023, but regulators are now talking about changing existing facilities, including the Federal Home Loan Banks (FHLBs) and the discount window. For instance, Michael Hsu of the Office of the Comptroller of the Currency's has proposed that banks be required to tap the discount window and "pre-position" collateral at the facility, just in case they one day need it. In this episode, we speak with Steven Kelly, associate director of research at the Yale University Program on Financial Stability, about the constellation of existing emergency facilities for banks, how they've evolved over time, and the changes that could be made to them now.See omnystudio.com/listener for privacy information.
This is a Steven Kelly fan page btw, how to manifest dream guys
Colby Smith is the US economics editor for the Financial Times, Steven Kelly is the Associate Director of Research at the Yale Program on Financial Stability, and Gerard DiPippo is the Senior Geoeconomics Analyst at Bloomberg. For this special year-end episode of Macro Musings, Colby, Steven, and Gerard join David to talk about the major surprises, themes, and underreported as well as overreported stories of the past year. They also discuss their prediction outcomes throughout 2023, the economic and political landscape ahead for 2024, and a lot more. Transcript for this week's episode. Colby's FT profile Colby's Twitter: @colbyLsmith Steven's Substack: Without Warning Steven's Twitter: @StevenKelly49 Gerard's Twitter: @gdp1985 David Beckworth's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Join the Macro Musings mailing list! Check out our new Macro Musings merch! Related Links: *Sunk Costs: The Difficulty of Using Sanctions to Deter China in a Taiwan Crisis* by Gerard DiPippo and Jude Blanchette *Getting Up from the Floor* by Claudio Borio
In today's fast-paced marketplace, distinguishing what is important and impactful is a challenging task, and when a crisis unfolds rapidly, the stakes reach unprecedented heights. Steven Kelly, Associate Director of Research at the Yale Program on Financial Stability, joins us to discuss how navigating the choppy financial waters requires CFOs to possess a keen sense of judgment, as well as a sharp appetite for risk.Our conversation delves deep into financial stability, its critical tools for navigating fast-moving crises, its relationship with technology, and recent dynamics among banks, governments, and international markets.Listen in as we uncover valuable insights on how CFOs can better understand, mitigate, and effectively manage risk, offering a lifeline for those seeking to fortify their financial strategies and bridge the gaps in tomorrow's balance sheets. Show Links Connect with Steven Kelly on LinkedIn and on Twitter/X Connect with Andrew Seski on LinkedIn Learn more about Yale's program on Financial Stability Discover more with the program's knowledge base
Jen chats to Steven Kelly who will be representing Ireland at the World Karaoke Championships 2023 in Panama!
The Classic Hits Show broadcast live on Liffey Sound 96.4FM (liffeysoundfm.ie) on 29th September 2023 with live in studio performance from Steven Kelly and interview with Steven Kelly
Financial markets go up and down. And they usually fall faster than they rise.But when does normal financial market turbulence tip over into a systemic collapse? How should policymakers prepare and how should they react?In the latest New Money Review podcast, I interview Steven Kelly, associate director of research at the Yale Programme on Financial Stability. The programme's mission is to create, disseminate and preserve knowledge about financial crises.In the podcast, we cover:What defines a systemic financial crisis?The common threads of financial crisesDeposits, short-term debt and bank runsThe historic scale of the 2023 US bank failuresHow safe is the global banking system?Safe assets, repo and US TreasuriesThe impact of rising interest rates on financial stabilityThe risks in stablecoinsSustainability, ESG and climate riskWhy current conditions are ‘stable but fragile'
Steven Kelly, associate director of research at the Yale Program on Financial Stability, pushes back on multiple narratives about why SVB failed and what policymakers should do to prevent another collapse like it. He also weighs in on federal regulators' new capital proposal and the battle over stablecoin regulation.
Steven Kelly, Associate Director of Research at the Yale Program on Financial Stability, returns to Forward Guidance to update Jack on the Federal Reserve's forthcoming plans to increase capital requirements for U.S. banks. Filmed on July 11, 2023. ____ Follow Steven Kelly on Twitter https://twitter.com/StevenKelly49 Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ Kelly's latest “Without Warning” Substack: https://www.withoutwarningresearch.com/p/the-macro-story-of-svb-isnt-just ____ Use code GUIDANCE20 to get 20% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023Research, news, data, governance and models – now, all in one place. As a listener of Forward Guidance, you can use code GUIDANCE10 for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/ ____ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://rb.gy/5weeywMarket commentary, charts, degen trade ideas, governance updates, token performance, can't-miss-tweets and more. Subscribe to the Blockworks Research “Daily Debrief” Newsletter: https://rb.gy/feusos ____ Timecodes: (00:00) Introduction (02:45) Bank Capital Ratios, Explained (18:52) Busting Myths About Banks' Interest Rate Hedging (38:15) Accounting For Unrealized Losses (46:56) How Much Money Is Leaving the Banking System? (54:16) U.S. Banking System Is "Stable But More Fragile" (01:02:47) The Basel III Endgame (01:05:54) Interest Rates And Financial Stability ____ Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
Markets have been buffeted by the failure of several large, regional banks. MarketWatch's Chris Matthews speaks with Steven Kelly of the Yale Program on Financial Stability on how federal regulators can protect the economy from future shocks.
This month Steven Kelly, MD and host Paul Wirkus, MD, FAAP discuss common problems in pediatric otolaryngology.Your questions are answered this week. For more information about available credit visit vCurb.com.ACCME Accreditation StatementThis activity has been planned and implemented in accordance with the accreditation requirements and policies of the Colorado Medical Society through the joint providership of Kansas Chapter, American Academy of Pediatrics and Utah Chapter, AAP. Kansas Chapter, American Academy of Pediatrics is accredited by the Colorado Medical Society to provide continuing medical education for physicians. AMA Credit Designation StatementKansas Chapter, American Academy of Pediatrics designates this live activity for a maximum of 1.0 AMA PRA Category 1 Credits™. Physicians should claim only the credit commensurate with the extent of their participation in the activity.
This month Steven Kelly, MD and host Paul Wirkus, MD, FAAP discuss common problems in pediatric otolaryngology.In week three, the conversation centers around neck masses in children - work up, treatment and when to refer. Want to ask Dr. Kelly a question? Send your question to questions@vcurb.com. Your question will be answered next week. For more information about available credit visit vCurb.com.ACCME Accreditation StatementThis activity has been planned and implemented in accordance with the accreditation requirements and policies of the Colorado Medical Society through the joint providership of Kansas Chapter, American Academy of Pediatrics and Utah Chapter, AAP. Kansas Chapter, American Academy of Pediatrics is accredited by the Colorado Medical Society to provide continuing medical education for physicians. AMA Credit Designation StatementKansas Chapter, American Academy of Pediatrics designates this live activity for a maximum of 1.0 AMA PRA Category 1 Credits™. Physicians should claim only the credit commensurate with the extent of their participation in the activity.
Steven Kelly is a senior research associate at the Yale Program on Financial Stability and is a previous guest of the podcast. Steven rejoins Macro Musings to talk about the recent bank collapses at Silicon Valley Bank (SVB) and Signature, the government response, and what this means for financial stability policy in the present and future. David and Steven also discuss the role that interest rate risk and macro policy played in SVB's failure, the debate over the systemic nature of this crisis, the implementation and use of the Bank Term Funding Program, and more. Transcript for the episode can be found here. Steven's Twitter: @StevenKelly49 Steven's Substack: Without Warning David Beckworth's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Click here for the latest Macro Musings episodes sent straight to your inbox! Check out our new Macro Musings merch here! Related Links: Steven Kelly Twitter thread on SVB Daniela Gabor Twitter thread on SVB *Was This a Bailout? Skeptics Descend on Silicon Valley Bank Response* by Jeanna Smialek and Alan Rappeport *Monetary Tightening and U.S. Bank Fragility in 2023: Mark-to-Market Losses and Uninsured Depositor Runs?* by Erica Jiang, Gregor Matvos, Tomasz Piskorski, and Amit Seru
It’s St. Patrick’s Day, meaning people around the world will be wearing green and celebrating Irish culture — even those who don’t have roots there. But according to the BBC’s Leanna Byrne, it’s also a big day for Irish diplomacy and business, as the country uses its widely-recognized national day to foster economic ties around the world. And, we spoke with Yale’s Steven Kelly about the limits of comparing the now-defunct Silicon Valley Bank with the rest of the financial system.
It’s St. Patrick’s Day, meaning people around the world will be wearing green and celebrating Irish culture — even those who don’t have roots there. But according to the BBC’s Leanna Byrne, it’s also a big day for Irish diplomacy and business, as the country uses its widely-recognized national day to foster economic ties around the world. And, we spoke with Yale’s Steven Kelly about the limits of comparing the now-defunct Silicon Valley Bank with the rest of the financial system.
This month Steven Kelly, MD and host Paul Wirkus, MD, FAAP discuss common problems in pediatric otolaryngology. This week join the conversation about when tonsillectomy is indicated in children. Want to ask Dr. Kelly a question? Send your question to questions@vcurb.com. Your question will be answered next week. For more information about available credit visit vCurb.com.ACCME Accreditation StatementThis activity has been planned and implemented in accordance with the accreditation requirements and policies of the Colorado Medical Society through the joint providership of Kansas Chapter, American Academy of Pediatrics and Utah Chapter, AAP. Kansas Chapter, American Academy of Pediatrics is accredited by the Colorado Medical Society to provide continuing medical education for physicians. AMA Credit Designation StatementKansas Chapter, American Academy of Pediatrics designates this live activity for a maximum of 1.0 AMA PRA Category 1 Credits™. Physicians should claim only the credit commensurate with the extent of their participation in the activity.
In Episode 301 of Hidden Forces, Demetri Kofinas speaks with Steven Kelly about the government's decision to bail out depositors at Silicon Valley Bank and what this decision means for monetary policy and the Federal Reserve's fight against inflation. This conversation was recorded on the morning of Monday, March 13th less than 24hrs after the Federal Reserve, the Treasury Department, and the FDIC came out with a joint statement assuring depositors at Silicon Valley Bank and Signature Bank that their deposits would be fully protected irrespective of FDIC deposit limits. While this stems the immediate fears of a bank run, the manner in which this was done creates further complications for the Federal Reserve and raises more questions than it answers about the direction of monetary policy. The goal of today's episode is to provide you with the most up-to-date recap of what has happened thus far, why it happened, how it happened, what the government's response has been, and the implications of that response for monetary policy, financial markets, and the economy. You can subscribe to our premium content and gain access to our premium feed, episode transcripts, and Intelligence Reports (or Key Takeaways) at HiddenForces.io/subscribe. If you want to join in on the conversation and become a member of the Hidden Forces genius community, which includes Q&A calls with guests, access to special research and analysis, in-person events, and dinners, you can also do that on our subscriber page. If you still have questions, feel free to email info@hiddenforces.io, and Demetri or someone else from our team will get right back to you. If you enjoyed listening to today's episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 03/13/2023
This month Steven Kelly, MD and host Paul Wirkus, MD, FAAP discuss common problems in pediatric otolaryngology. In week one common otitis media, common organisms and treatment will be covered. Want to ask Dr. Kelly a question? Send your question to questions@vcurb.com. Your question will be answered next week. For more information about available credit visit vCurb.com.ACCME Accreditation StatementThis activity has been planned and implemented in accordance with the accreditation requirements and policies of the Colorado Medical Society through the joint providership of Kansas Chapter, American Academy of Pediatrics and Utah Chapter, AAP. Kansas Chapter, American Academy of Pediatrics is accredited by the Colorado Medical Society to provide continuing medical education for physicians. AMA Credit Designation StatementKansas Chapter, American Academy of Pediatrics designates this live activity for a maximum of 1.0 AMA PRA Category 1 Credits™. Physicians should claim only the credit commensurate with the extent of their participation in the activity.
A conversation with WSJ reporter, Jon Hilsenrath, about his book on the love story of Janet and George and the way they broke through in the economics field and in policy. I enjoyed this conversation as much as I loved the book. Even if you think you know Yellen's story - this podcast will show a depth and insight that I promise will delightfully surprise you! The Book Jon's latest at the Journal Jon on LinkedIn Kaleb on twitter Kaleb's guest post on Steven Kelly's substack about Yellen's legacy
What is a true financial crisis, how does it differ from the mere popping of a speculative bubble or a vanilla recession, and what are the current risks of a financial crisis right now? Steven Kelly, an expert on financial crises and Senior Research Associate at the Yale Program on Financial Stability, joins Jack Farley and Joseph Wang (“Fed Guy”) to discuss these questions. Wang, a former senior trader for the New York Federal Reserve, shares his insight on why, despite the Fed's quantitative tightening (QT) and rapid rate hikes, liquidity remains high. Kelly and Wang agree that the risk of a true financial crisis such as the one in 2008 is unlikely to occur, because as Kelly argues, banks have much more capital to endure losses. Filmed on February 13, 2023. -- Today's show is sponsored by Public.com: Get a 4.9% yield when you open a government-backed Treasury Account.* That's a higher yield than a high-yield savings account.** Go to public.com/forwardguidance *26-week T-bill rate (as of 2/6/23) when held to maturity. Rate shown is gross of fees. **As compared to the national high-yield savings average of 3.43% (Source: Time.com/NextAdvisor as of 12/30/22). -- Follow Joseph Wang on Twitter https://twitter.com/FedGuy12 Follow Steven Kelly on Twitter https://twitter.com/StevenKelly49 Follow Jack on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ Steven Kelly on bank regulation: https://rb.gy/isdjlm Joseph Wang on QT https://rb.gy/fdwd5j -- Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://rb.gy/5weeyw Market commentary, charts, degen trade ideas, governance updates, token performance, can't-miss-tweets and more. Subscribe to the Blockworks Research “Daily Debrief” Newsletter: https://rb.gy/feusos -- Timestamps: (00:00) Introduction (00:38) What Is A Financial Crisis? (05:14) "It's Really Hard To Find Capital In A Crisis" (08:16) Bank Capital Ratios (16:35) What Is The Risk Of A Financial Crisis Right Now? (22:06) The Federal Reserve As The Dealer Of Last Resort (27:20) Public Ad (28:28) Joseph Wang On The Fed During March 2020 (34:25) Do Rate Hikes and Quantitative Tightening (QT) Increase Risk of Financial Crisis? (36:51) Why Is Liquidity Rising? (42:51) What Is The "Problematic" Collateral Now? (46:36) "Everything Looks Fine" (50:49) Unrealized Losses on Bank Balance Sheets Due To Rate Hikes (54:05) Inverted Yield Curve (54:56) The Debt Ceiling (01:00:41) Is There A Limit To How High The Fed Can Hike? (01:03:36) Potential Risks In The Shadow Banking System (01:13:19) Inflation As A Financial Risk Itself -- Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
Two important topics on the table today with the one and only Steven Kelly. Debt Ceiling Headroom: The Fed Has an Extra $14 Billion Does Bank Regulation Really Just Push Risk to the Shadows? on twitter: @KalebNygaard and @StevenKelly
Morning Message - Bayou Vista Baptist Church, Morgan City, LA. - www.bvbch.org
Morning Message - Bayou Vista Baptist Church, Morgan City, LA. - www.bvbch.org
Morning Message - Bayou Vista Baptist Church, Morgan City, LA. - www.bvbch.org
Morning Message - Bayou Vista Baptist Church, Morgan City, LA. - www.bvbch.org
Morning Message - Bayou Vista Baptist Church, Morgan City, LA. - www.bvbch.org
Morning Message - Bayou Vista Baptist Church, Morgan City, LA. - www.bvbch.org
Morning Message - Bayou Vista Baptist Church, Morgan City, LA. - www.bvbch.org
Morning Message - Bayou Vista Baptist Church, Morgan City, LA. - www.bvbch.org
Steven Kelly is a senior research associate at the Yale Program on Financial Stability. Steven joins David on Macro Musings to discuss his work on financial stability and the role the Federal Reserve plays in it. Specifically, David and Steven discuss the Fed's evolving role in niche financial markets such as commodities and derivatives markets, what Section 13.3 of the Federal Reserve Act says about the Fed's basis to engage in financial markets, proposals to improve the Fed's Standing Repo Facility (SRF), the future of stablecoins and central bank digital currencies (CBDCs) in financial markets, and much more. Transcript for the episode can be found here. Steven's Twitter: @StevenKelly49 Steven's Substack: Without Warning David's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Click here for the latest Macro Musings episodes sent straight to your inbox! Related Links: The Reserve (podcast) hosted by Kaleb Nygaard New Bagehot Project, Yale Program on Financial Stability (YPFS) “The Fed As Derivatives Dealer of Last Resort?” by Steven Kelly “Could the Fed Rescue Commodities Markets?” by Steven Kelly “Improving the Standing Repo Facility” by Steven Kelly “Unappropriated Dollars: The Fed's Ad Hoc Lending Facilities and the Rules that Govern Them” by Lev Menand The Fed Unbound: Central Banking in a Time of Crisis by Lev Menand “Larry Ball on the Lehman Brothers Collapse and Its Role in the Great Recession”, Macro Musings podcast episode (2018)
Morning Message - Bayou Vista Baptist Church, Morgan City, LA. - www.bvbch.org
“Do you wake up every day both excited to and capable of channeling the best of your unique self into your family relationships, friendships, hobbies and work?” This is Dr. Kelly's ideal of health - and as a dermatologist he knows that the skin is a lens through which we can evaluate the health of the whole body. He covers the five regulatory systems: metabolic, hormonal, immune, neurological and psychological that all impact disease, health and how we feel in our bodies and in our lives. He has so much insight into how we can improve our lives by getting more sunlight and avoiding processed foods - and he explains why these things matter so much! You will not want to miss this one! You can find Dr. Kelly on Instagram We talked about the dopaminergic systems in these episodes earlier this year:Why Enough is Never Enough How to Be Happy in an Unsatisfying World
Morning Message - Bayou Vista Baptist Church, Morgan City, LA. - www.bvbch.org
Morning Message - Bayou Vista Baptist Church, Morgan City, LA. - www.bvbch.org
Morning Message - Bayou Vista Baptist Church, Morgan City, LA. - www.bvbch.org
Morning Message - Bayou Vista Baptist Church, Morgan City, LA. - www.bvbch.org
Morning Message - Bayou Vista Baptist Church, Morgan City, LA. - www.bvbch.org
Morning Message - Bayou Vista Baptist Church, Morgan City, LA. - www.bvbch.org