Excerpts here from the FDIC Quarterly Banking Profile. Chart 2 shows the ROEs haven’t quite reached 1986 levels – a possible sign that there is substantial deterioration to come.
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Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.