Fifth deal croaked in August. Moody’s has a cow over Ancestry.com’s deal. Deals had to be sweetened to find buyers. Retail investors bail out.
Fed Warns about “Elevated” Asset Prices and High Business Leverage.
Now they’re clamoring for the NIRP absurdity in the US. How will this end?
Nope, the Fed dumped. But there was huge demand elsewhere.
Cash-out refi hype is back full-blast. And for the first time since early 2006, people are doing it in large numbers.
But these are the good times. Automakers are not amused.
And rideshare revenue is stagnating.
Suddenly – I mean the signs had been everywhere for a long time and “suddenly” doesn’t really apply – the whole house of cards came tumbling down.
The bifurcation among consumers.
12 countries with negative 10-year yields. A race to hell.