Apocalypse not now.
Sales of homes of all types plunged 31% year-on-year, sales of new homes crashed 39%, and the number of mortgages written collapsed 65%
Draghi’s shenanigans get hilarious, just months before his term ends.
NPLs remain dangerously to catastrophically high in Italy, Greece, Portugal, and Cyprus.
The benefit of NIRP: There’s hell to pay – even the ECB admits it.
Just bumping along the bottom, from hopeless to hope and back to hopeless.
Straggler behind the Fed and the ECB gets the drift.
Chinese corporate defaults this year through April are 3.4 times the amount last year.
“It is their interaction with froth that matters most. How much a housing market adjusts depends on how much froth there is”: Poloz
There was strong appetite. Only the Fed shed them. Here’s who bought.