First Signs that Surging Mortgage Rates Are Dialing Down the Heat under the Housing Market by Wolf Richter • Mar 21, 2021 • 142 Comments The Fed smiles upon rising long-term Treasury yields as sign of economic growth and rising inflation expectations.
Powell in WSJ Op-ed: “I Truly Believe that We [the Rich] Will Emerge from this Crisis Stronger and Better, as We [the Rich] Have Done so Often Before” by Wolf Richter • Mar 19, 2021 • 338 Comments Gimme a break, will ya? Wherein I rant, supported by the Fed’s own data.
Market Manias Galore, But Long-Term Interest Rates Smell a Rat by Wolf Richter • Mar 18, 2021 • 122 Comments These manias and the rising long-term interest rates are on collision course.
Stock Market Leverage Spikes in Historic Manner: Another WTF Chart of a Zoo that Has Gone Nuts by Wolf Richter • Mar 17, 2021 • 153 Comments In an investment environment where nothing matters anymore – until it suddenly does.
Yellen Coddles Up to Powell on Rising Long-Term Yields as a Welcome Sign of Recovery. Wall Street Crybabies Not Amused by Wolf Richter • Mar 6, 2021 • 206 Comments To let some hot air out of the markets? As long as it isn’t “disorderly.”
Consumers Paid Down Credit Cards Again! By Most Ever. But Cash-Out Refis Spiked to Highest since 2005/6 Peaks. What Gives? by Wolf Richter • Mar 5, 2021 • 172 Comments They’re not the same consumers.
Was That the IPO Stocks Bubble that Just Popped? by Wolf Richter • Mar 3, 2021 • 147 Comments When there are suddenly second thoughts in this market powered by so much blind and crazy exuberance, the entire foundation begins to wobble.
Treasury Market Had a Cow, Mortgage Rates Jumped, Wall Street Crybabies Clamored for Help, But the Fed Smiled Satisfied Upon its Creation by Wolf Richter • Feb 27, 2021 • 207 Comments Junk bonds still in la-la-land as investors chase yield – risks be damned.
THE WOLF STREET REPORT: The Big “Buy & Hype” Bitcoin Casino by Wolf Richter • Feb 21, 2021 • 301 Comments In 2012, dude offered to buy my book for 1.5 bitcoin, a “Monetary Revolution” that “doubled in 4 months.” I’d just need to hype bitcoin on my site. That’s still how it works. And big highly leveraged players with huge megaphones jumped in.
10-Year Treasury Yield Hit 1.21%, More than Doubling Since Aug. But Mortgage Rates Near Record Low. And Junk Bond Yields Dropped to New Record Lows by Wolf Richter • Feb 13, 2021 • 266 Comments Bond Market Smells a Rat: Inflation. So the Fed seems OK with rising long-term Treasury yields.
