The Financialization of the US Economy by Wolf Richter • Sep 6, 2019 • 143 Comments Services are Hopping. The #1 Biggie is Hopping the Fastest. It all adds to GDP!
Fed Sheds $20 Billion in Assets in August, Relentlessly Sloughs Off MBS, Adds Some Treasuries, Starts Shift to Short-Term T-Bills by Wolf Richter • Sep 5, 2019 • 106 Comments QE Unwind continues via the sharp drop in MBS.
Orders for Heavy Trucks Plunged 80% in August by Wolf Richter • Sep 5, 2019 • 52 Comments Here’s why — and how that’s impacting truck makers.
These Incidents Raise New Questions about the Security & Operability of the Banking System in Mexico by Nick Corbishley • Sep 5, 2019 • 61 Comments For now, it’s deny, deny, deny.
Here’s What I’m Worried About. And It’s Not a Recession by Wolf Richter • Sep 4, 2019 • 127 Comments A rout in the hyper-inflated bond market can blow up everything at this point.
Bank of Mexico Raises Alarm About Mexico’s Economy by Nick Corbishley • Sep 3, 2019 • 51 Comments “Particularly worrisome” is that this slowdown “has taken place in a context where the US economy is growing above potential.”
THE WOLF STREET REPORT: Here’s What I’m Worried About, and It’s Not a Recession by Wolf Richter • Sep 1, 2019 • 122 Comments A rout in the hyper-inflated bond market can blow up everything at this point.