The Huge US Bond Market and the US Dollar Blow Off the “Debasement Trade” by Wolf Richter • Oct 13, 2025 • 1 Comment The bond market has taken the opposite bet, and the dollar has strengthened.
10-Year Treasury Yield Drops to One-Month Low on Trump’s China Threat, Bond Market Sees One Rate Cut this Year, Deficit-Funding Shifts to T-Bills by Wolf Richter • Oct 11, 2025 • 50 Comments Despite the big drop on Friday, the 10-year Treasury yield is higher than shortly before the September rate cut.
Is it Really Different this Time? by Wolf Richter • Oct 10, 2025 • 176 Comments AI is huge. But so is the mania of hype, hocus-pocus deals, and piles of real money fortified by leverage that caused stock prices to explode.
Amazing How the Money-Printing World Has Reversed by Wolf Richter • Oct 9, 2025 • 75 Comments Balance Sheet as % of GDP: Fed, ECB, BOJ, BOE, and Central Banks of Canada, Australia, New Zealand, and Sweden
ECB’s QT Has Knocked €3.28 trillion off its Balance Sheet (far More than the Fed’s QT) and Accelerated QT Further this Year by Wolf Richter • Oct 8, 2025 • 46 Comments Gold mark-to-market quarterly adjustment: +€158 billion for Q3 on gold’s price spike, largest ever write-up.
Spike in Refis, Triggered by Small Dip in Mortgage Rates, Fizzled. Demand for Mortgages to Purchase Homes Still in Deepfreeze by Wolf Richter • Oct 8, 2025 • 69 Comments Mortgage rates are higher than before the rate cuts started over a year ago.
Bank of Japan Balance Sheet QT Accelerates: -$148 Billion in Q3, -$407 Billion fr. Peak. Will Sell ETFs, REITs. Sold all Bank Stocks by Wolf Richter • Oct 7, 2025 • 40 Comments Its holdings of commercial paper & corporate bonds are nearly gone. The BOJ is cleaning up its balance sheet.
Home Prices in the Largest Countries of Europe Range from Splendid Housing Bubbles to a Market that Dropped back to 2010 by Wolf Richter • Oct 6, 2025 • 81 Comments Germany, France, Italy, Spain, Netherlands, Poland, Belgium, Sweden, Ireland, Austria, Norway, Denmark, Romania, Czech Republic, Finland, Portugal.
Jobs Report to Get Hit by 100,000 Federal Government “Deferred Resignations” on top of the Jobs Already Shed. But ICE Is Hiring by Wolf Richter • Oct 4, 2025 • 74 Comments Bringing federal job losses to over 200,000 since January. Excluding federal & state, nonfarm payrolls haven’t been all that bad.
It Took the Longest Time to Sell a Home since at Least 2016, if it Sold at all, in Many Markets by Wolf Richter • Oct 3, 2025 • 53 Comments Examples: California, Texas, Florida, Washington, Oregon, Colorado, Arizona. In other states, homes still sell faster than before Covid, such as New York and Georgia (barely).
