“Financial Stress” in the Credit Markets v. the 2-Year Yield by Wolf Richter • Apr 20, 2018 • 44 Comments The two-year yield, now surging, is a leading indicator.
Did the Bankruptcy of Detroit & Stockton Hurt their Economy? by Bill Bergman • Apr 20, 2018 • 19 Comments Compared to Chicago, which is traipsing that way.
Now Even a Fed Dove Homes in on the “Everything Bubble” by Wolf Richter • Apr 19, 2018 • 87 Comments 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.
Congrats! Canadians Just Set a New Record for Borrowing Against their Homes by Daniel Wong • Apr 19, 2018 • 25 Comments Canadians’ personal debt against their homes tapering? That would be ridiculous!
EU Moves to Protect Financial System from Failing Banks by Don Quijones • Apr 19, 2018 • 29 Comments Too Little, Too Late?
Another Big Retailer Gets Liquidated by Wolf Richter • Apr 18, 2018 • 53 Comments Retailers in bankruptcy are notoriously hard to restructure.
Canada Home Prices Fall from Year Ago for First Time since 2009 by Steve Saretsky • Apr 18, 2018 • 26 Comments The magnificent house price bubble wheezes.
Junk Bond Market Still in Total Denial, Fighting the Fed by Wolf Richter • Apr 18, 2018 • 50 Comments Happily dreaming in La-la-land till the rude awakening.
Nearly One-Third of U.S. Lottery Winners Declare Bankruptcy by Safehaven • Apr 17, 2018 • 86 Comments “I wish I’d torn that ticket up.”
US-China Trade-War Threats Rattle Germany AG by Wolf Richter • Apr 17, 2018 • 15 Comments Unlike the New York Fed yesterday, ZEW named names and pointed fingers.