Something Big Has Already Broken: Price Stability by Wolf Richter • Oct 11, 2022 • 138 Comments The Fed will tighten “Until Something Breaks?” Wait a minute…
Bank of England Bought Only Small Amounts of Bonds even Today, Warns Pension Funds They Have “Only Three Days Left” to Unwind Derivatives with BOE Support by Wolf Richter • Oct 11, 2022 • 104 Comments BOE is caught between 10% inflation it needs to crack down on with rate hikes & QT and a crisis over derivatives that leveraged UK pension funds blew their brains out with.
There’s Lots of “Liquidity” in the Treasury Market, but at Higher Yields, in this Raging Inflation by Wolf Richter • Oct 10, 2022 • 185 Comments Higher Yields Solve “Liquidity” Problems.
Cutting-Edge US Semiconductor Makers Crushed by One Thing after Another in 2022 after Mind-Boggling Bubble in 2020 & 2021 by Wolf Richter • Oct 10, 2022 • 96 Comments Nvidia -66% from the high, AMD -64%, Intel -62%, Marvell Technologies -57%, Micron -48%.
THE WOLF STREET REPORT: Something Big Has Already Broken: Price Stability by Wolf Richter • Oct 9, 2022 • 331 Comments The Fed will tighten “Until Something Breaks” and then pivot? Wait a minute…
Shock & Awe Balance Sheet Reduction at the Bank of Japan: Assets Drop 7.3% from Peak by Wolf Richter • Oct 7, 2022 • 84 Comments Inflation spiking, yen getting beaten half to death, yield peg under attack, and Kuroda’s term won’t expire till April. Here’s what the BOJ did.
Most Contorted Job Market Ever Struggling to Revert to Normalcy? by Wolf Richter • Oct 7, 2022 • 154 Comments Last jobs report before next Fed meeting. Not giving the Fed any material for second thoughts about ratcheting up its rates.
Fed’s QT: Total Assets Drop by $206 Billion from Peak by Wolf Richter • Oct 6, 2022 • 111 Comments What the Fed did in details and charts. And, well, “Primary Credit” is starting to show up again.
Bank of England Explains Why Intervention Wasn’t Pivot to QE, But Effective Effort to Halt Death Spiral Triggered by Tax-Cut Panic in Gilt Market: Bond Purchases Near Zero this Week by Wolf Richter • Oct 6, 2022 • 73 Comments Underlying pension fund issues can now be dealt with in an orderly fashion.
Housing Bubble Woes: Mortgage Demand Plunges, Rates Near 7%, Spread Between Mortgage Rate & 10-Year Treasury Yield Blows Out Most since Dec. 2008 and 1986 by Wolf Richter • Oct 5, 2022 • 138 Comments But even these highest-since-2007 mortgage rates are still far below the highest-since-1981 inflation.
