Mortgage Applications Drop Despite Lower Mortgage Rates: Industry is Baffled by Wolf Richter • Feb 13, 2019 • 66 Comments The hope in early January has been unwound.
Subprime Arrives: Auto-Loan Delinquencies Spike to Great Recession Levels by Wolf Richter • Feb 12, 2019 • 99 Comments “A development that is surprising during a strong economy and labor market”: New York Fed
Bond Funds Are “Potential Source of Financial Instability,” after Years of Global QE and Low Interest Rates: Fitch by Wolf Richter • Feb 11, 2019 • 45 Comments “Liquidity issues at bond mutual funds could result in wider contagion and affect other parts of the financial system and the macro economy.”
Liquidity in New York City’s Housing Market Dries Up by Wolf Richter • Feb 11, 2019 • 84 Comments 52% of the homes listed for sale last spring still have not sold. For sellers, “the situation calls for a clear strategy: cut prices.”
THE WOLF STREET REPORT by Wolf Richter • Feb 10, 2019 • 82 Comments The New Battle-to-the-Death in the Auto Industry.
Carmageddon for Tesla Model 3: US Deliveries Plunge 55% to 60% from Q4, Laid-off Delivery Employees tell Reuters by Wolf Richter • Feb 9, 2019 • 121 Comments Pent-up demand for high-priced luxury cars in the era of Carmageddon is a tricky thing, especially when tax credits phase out.
The State of the American Debt Slaves, Q4 2018 by Wolf Richter • Feb 8, 2019 • 122 Comments Consumers are doing their job only in a lackadaisical manner. But the student-loan scheme is hot.
Fed’s QE Unwind Reaches $434 Billion, Remains on “Autopilot” by Wolf Richter • Feb 7, 2019 • 51 Comments Getting rid of MBS faster and shifting to short-term Treasury bills will be on the list.
German Industrial Production Falls the Most Since 2009. New Orders Plummet by Wolf Richter • Feb 7, 2019 • 45 Comments Q4 is falling apart before everyone’s astonished eyes, and a “technical recession” beckons.
Phenomenal Trucking Boom Ends, Trucking Bust Starts by Wolf Richter • Feb 6, 2019 • 56 Comments So that U-turn was fast, even for the legendarily cyclical trucking business.
