After Driving Corporate Bond & Junk-Bond Rally to Lowest Yields Ever, Fed Ends Bailout SPV with $513 Million Profit, Sends 90% to US Treasury by Wolf Richter • Nov 19, 2021 • 99 Comments By mid-September, the junk bond market started heading south.
Stock Market Leverage Spikes, Margin Debt Up 42% YoY. Fed Warns about High Leverage Ratio of “Younger Retail Investors” by Wolf Richter • Nov 18, 2021 • 165 Comments “Potentially Destabilizing Outcome could emerge if elevated risk appetite among retail investors retreats rapidly.” But what the heck.
Since 2008, Monetary Policy Has Cost American Savers about $4 Trillion by Alex J. Pollock • Nov 17, 2021 • 176 Comments After 13 years with on average negative real returns to savings, it is time to require the Fed to address its impact on savers.
State of the American Debt Slaves: Foreclosure Bans, Forbearance, Delinquencies & Soaring Prices of Everything by Wolf Richter • Nov 9, 2021 • 111 Comments Home-price explosion pumps up mortgage debt.
What’s Happening with the Massive Delinquencies of FHA High Risk & Subprime Mortgages Now that Foreclosure Bans Ended? by Wolf Richter • Nov 7, 2021 • 190 Comments 8.5% of FHA mortgages are still seriously delinquent — accounting for half of all seriously delinquent mortgages.
10-Year Yield Jumped to 1.66% as Fed’s Waller Got Hawkish, Shredded Inflation Indexes that Strip out Food, Energy & Outliers, Put Faster Taper & Sooner Rate Hikes on Table by Wolf Richter • Oct 19, 2021 • 136 Comments “Greatly concerned” that inflation “will not prove temporary.”
Banks Disclose Tidbits of Hidden Stock Market Leverage, as Known Stock Market Leverage Surges by Wolf Richter • Oct 15, 2021 • 115 Comments No one knows total stock market leverage, but it’s huge and ballooning, as we see from the tidbits we’re allowed to see.
Will Risk Parity Blow Up…??? by Kuppy • Oct 11, 2021 • 138 Comments When something that is this widely adopted blows up, it tends to blow up spectacularly.
Treasury General Account Plunges by $100 Billion in One Week. How Close to Zero Will it Get? by Wolf Richter • Sep 30, 2021 • 112 Comments “Debt Ceiling Farce 2021”: S&P threatens to downgrade the US by 20 notches to “D” if it defaults, which would be a hoot.
Top 10 Share-Buyback Queens – Big Tech except Intel, Big Banks except Wells Fargo, Buffett – Incinerate Most Cash Ever in Q2. The Rest Lags by Wolf Richter • Sep 25, 2021 • 137 Comments Funded by Debt: Since 2012, share buybacks totaled $5.5 trillion, corporate debt soared by $4.7 trillion.
