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Wolf Street

Bitcoin Proves You Cannot Have Your Digital Cake and Eat it Too

Libertarians flocked to it “because of the potential that Bitcoin offered, as a decentralized form of money.” That is now over.

This Has Been Years in the Making.

Nasdaq fell 2.05%, back to where it had been in September 2021. We have some new WTF Charts of the Year.

After ON RRPs go to zero, reserves will decline, further reducing the Fed’s interest expenses and losses. But it’s not straightforward.

Price reductions of existing homes jump to 31.7% of active listings, highest since 2017.

All that makes sense, but why are there still any cash-out refis when people could take cash out via HELOCs, without losing a 3% mortgage?