By mid-September, the junk bond market started heading south.
“Potentially Destabilizing Outcome could emerge if elevated risk appetite among retail investors retreats rapidly.” But what the heck.
After 13 years with on average negative real returns to savings, it is time to require the Fed to address its impact on savers.
Home-price explosion pumps up mortgage debt.
8.5% of FHA mortgages are still seriously delinquent — accounting for half of all seriously delinquent mortgages.
“Greatly concerned” that inflation “will not prove temporary.”
No one knows total stock market leverage, but it’s huge and ballooning, as we see from the tidbits we’re allowed to see.
When something that is this widely adopted blows up, it tends to blow up spectacularly.
“Debt Ceiling Farce 2021”: S&P threatens to downgrade the US by 20 notches to “D” if it defaults, which would be a hoot.
Funded by Debt: Since 2012, share buybacks totaled $5.5 trillion, corporate debt soared by $4.7 trillion.