Alarm Bells Ring over Refinance Mortgage Boom: Why Refis Are so Risky by Wolf Richter • Aug 16, 2020 • 124 Comments Mortgage lobby throws hissy-fit over Fannie Mae’s & Freddie Mac’s new 0.5% “Adverse Market Refinance Fee,” which was a “result of risk management and loss forecasting precipitated by COVID-19 related economic and market uncertainty.”
Corporate Bond & Junk Bond Markets Driven into Foaming-at-the-Mouth Exuberance by Fed Jawboning about Huge Purchases. But it Actually Bought Just Tiny Amounts by Wolf Richter • Aug 11, 2020 • 74 Comments Here are the details on its purchases and holdings in July.
The State of the American Debt-Slaves Q2 2020: The Credit Card Phenomenon by Wolf Richter • Aug 9, 2020 • 136 Comments Consumer debt to GDP spikes, but why did credit card balances plunge and new delinquencies decline?
No Payment, No Problem: Bizarre New World of Consumer Debt by Wolf Richter • Aug 7, 2020 • 255 Comments All kinds of weird records are being broken. But it’s scheduled to expire, and then what?
Why’s the ECB Buying the Debt of So Many Non-EU Companies? by Nick Corbishley • Aug 4, 2020 • 42 Comments “Companies from outside the euro zone are setting up vehicles to issue debt in euros and thereby qualify for the ECB’s purchase programs.”
Nobody Knows How to Ever Get Out of This Mess by Wolf Richter • Jul 30, 2020 • 213 Comments “Extend and Pretend” forevermore. Transcript of my podcast.
THE WOLF STREET REPORT: Nobody Knows How to Ever Get Out of This Mess by Wolf Richter • Jul 26, 2020 • 236 Comments “Extend and Pretend” forevermore?
Bailout of Trucking Company YRC, Near Bankruptcy Before Covid-19, Ripped by Congressional Watchdog by Wolf Richter • Jul 21, 2020 • 69 Comments It wants to know: Why was YRC even bailed out? And why was the taxpayer put at so much risk? What’s going on here?
“Giant 5 Index” – AAPL, MSFT, AMZN, GOOG, FB – Sagged All Week, Rest of Market Rose, Still 2.5-Year Wild Ride to Nowhere by Wolf Richter • Jul 19, 2020 • 103 Comments And the FANGMAN shivered as Netflix got knocked down.
“Wild Ride to Nowhere”: APPL, MSFT, AMZN, GOOG, FB Soar to New High. Rest of Stock Market is a Dud, Has Been for Years by Wolf Richter • Jul 11, 2020 • 220 Comments The market has come to totally depend on the “Giant 5.” A scary out-of-whack weight on the way down.
