Mortgage Applications Drop Despite Lower Mortgage Rates: Industry is Baffled by Wolf Richter • Feb 13, 2019 • 64 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 • 98 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.”
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.
Oops: Low Interest Rates a “Factor” in Slowdown of Economic & Productivity Growth: NBER by Wolf Richter • Feb 5, 2019 • 83 Comments Powell, Draghi, Kuroda, et al.: Did ya see this NBER study?
Stock-Market Margin Debt Plummets Most Since Q4 2008 by Wolf Richter • Jan 18, 2019 • 69 Comments Wow, that was fast. Margin calls.
Yield Curve Spaghetti by Wolf Richter • Jan 15, 2019 • 67 Comments The one-month yield is 21 basis points higher than CPI, not seen since 2009.
Oops, SpaceX to Lay Off 10% of its Employees after Funding Fiasco in November by Wolf Richter • Jan 11, 2019 • 70 Comments What SpaceX is trying to do has “bankrupted other organizations,” it said.
Fed’s Powell: Balance Sheet to be “Substantially Smaller.” How Small? He Gave Big Clues. My Dive into the Dynamics & Charts by Wolf Richter • Jan 11, 2019 • 67 Comments In fact, QE started reversing at the end of 2014.
At Taxpayers’ Expense, Fed Paid Banks $38.5 Billion in Interest on “Reserves” in 2018. Here’s How by Wolf Richter • Jan 10, 2019 • 106 Comments The Slickest Annual Wealth-Transfer from Taxpayers to the Banks via the Fed.
