Canadians, fasten your seat-belt. Here are the charts.
The yield spread collapses to lowest since 2007.
But there is no Financial Crisis. These are the boom times.
Debt slaves get deeper into high-cost debts they can’t handle.
But after the last two times they blew it off, there was a “financial event.”
Banks have started to tighten lending standards for prime and subprime borrowers, and it shows.
How much home prices have surged past the prior bubble! But household incomes got left behind, even in Silicon Valley.
US is the “most indebted AAA-country” and runs “the loosest fiscal stance,” but the dollar as Reserve Currency still props it up: Fitch
But what’s happening with mortgage-backed securities?
But over the next 2 months, they’ll try to prop up US retailers and the entire global economy with these credit cards.