The two-year yield, now surging, is a leading indicator.
Compared to Chicago, which is traipsing that way.
Bonds, junk bonds, spreads, commercial real estate, leveraged loans, over-leveraged companies… all get named as risks to the banks. This is why “gradual” tightening will continue for a long time.
Canadians’ personal debt again their homes tapering? That would be ridiculous!
Too Little, Too Late?
Retailers in bankruptcy are notoriously hard to restructure.
The magnificent house price bubble wheezes.
Happily dreaming in La-la-land till the rude awakening.
“I wish I’d torn that ticket up.”
Unlike the New York Fed yesterday, ZEW named names and pointed fingers.
Trucking, rail freight volume and rates surge, “pricing power has erupted.”
Corporate America fears that a Trade War would hit supply chains in China.
Well, they do pay higher rates, but not to their own clients.
Wolf Richter with Jim Goddard on “This Week in Money.”
When the product is “free,” WE are the product.
It already cut the third shift in 2017. Now it cut the second shift. Carmageddon but not Truckmageddon.
Leverage is why the Fed has been worried about the price bubble in CRE.
One mega-deal at a mega price. The rest was dreary.
Half of US federal spending is unrecorded.
It lost $18 billion in Q4 on declining revenues and production, has $102 billion in debt, and now its world is changing.
Inflation day didn’t disappoint. “Underlying Inflation” hottest since July 2006.
Wells Fargo has $81 billion in exposure to loans that, on paper, it isn’t exposed to.
Government gets ready to cave.
Wolf Richter with Chris Martenson on Peak Prosperity’s Featured Voices.
Brick-and-Mortar Meltdown sets record. And Q2 starts out on the right foot.
Big Six Banks’ out-of-control “Mobile Mortgage Specialists” on commission.
A 39% plunge in three months. But it was spectacular while it lasted.
Highest level since April 2011. Not just the Brick & Mortar Meltdown anymore.
UK regulators may be on the verge of doing something right, but doubts remain over how genuine their stated intentions are.
Worst delinquency rates this century.