Here Come the HELOCs: Mortgages, Housing-Debt-to-Income-Ratio, Serious Delinquencies, and Foreclosures in Q1 2025 by Wolf Richter • May 14, 2025 • 61 Comments Who’s on the hook this time? Mostly not the banks, but taxpayers, except for HELOCs.
Household Debts, Debt-to-Income Ratio, Serious Delinquencies, Collections, Foreclosures, Bankruptcies: Our Drunken Sailors’ Debts in Q1 2025 by Wolf Richter • May 13, 2025 • 91 Comments Student loans are loans again, OOPS.
Beneath the Skin of CPI Inflation: Services Inflation Bounces Back, No Signs yet of Tariffs Getting Passed to Consumers by Wolf Richter • May 13, 2025 • 59 Comments Inflation in April: Rent, motor vehicle insurance & maintenance, eating out, medical care services, rental cars. But prices of apparel & shoes fell.
Housing Bubble & Bust #1 and #2 as Seen through Employment at Mortgage Lenders: They Shed Jobs Again, 38% Gone by Wolf Richter • May 12, 2025 • 69 Comments Nonbank mortgage lenders and loan brokers react quickly to demand, which has collapsed.
How the Debt Ceiling Is Now Pouring Liquidity into Financial Markets, only to Suck it Back Out Very Fast Later this Year by Wolf Richter • May 11, 2025 • 100 Comments Last time, $840 billion got sucked out in 5 months, all from excess cash in ON RRPs. But after $2.26 trillion of QT, ON RRPs are nearly gone.
10-year Treasury Yield Back at 4.39%, Yield Curve Steepens at Long End, Mortgage-Rate Spread Remains Historically Wide by Wolf Richter • May 9, 2025 • 73 Comments Despite the rumors during bond turmoil, foreigners kept buying Treasuries and the “basis trade” didn’t blow, but the “swap spread trade” made a mess.
Dear Readers, Please Donate to WOLF STREET: Spring 2025 Reminder by Wolf Richter • May 8, 2025 • 31 Comments Your generous support has kept WOLF STREET free and open to all, and not behind a paywall. Thank you!!
Recession Watch: Time to Dig Out Our Favorite Recession Indicator Again by Wolf Richter • May 8, 2025 • 101 Comments Recession talk is swirling densely all over the place, so let’s have a look.
I’ve Been Screaming about Rising Used-Vehicle Prices since Aug 2024 (and No One Paid Attention) but Suddenly It’s the Tariffs? by Wolf Richter • May 7, 2025 • 75 Comments The issue has been tight used-vehicle inventory due to reduced influx of 2021/2022 model years after the new-vehicle shortages at the time.
Fully in Wait-and-See Mode, Fed Keeps Rates at 4.25%-4.50%, Frets about Higher Uncertainty, Higher Inflation, and Higher Unemployment by Wolf Richter • May 7, 2025 • 98 Comments QT Continues at the slower pace announced in March.
