Mortgage Lender Woes by Wolf Richter • Sep 7, 2022 • 114 Comments Mortgage volume collapsed. And the stocks of the biggest mortgage lenders collapsed after IPO or SPAC merger.
Bank of Canada Hikes by 75 Basis Points, Brushes Off Housing Woes, Dip in CPI, Slowing Growth by Wolf Richter • Sep 7, 2022 • 63 Comments “Housing market is pulling back as anticipated, following unsustainable growth during the pandemic.”
The Holy-Moly 6.25% Mortgage is Back, Treasury Yields Spike, Summer Bear-Market Rally Unwinds by Wolf Richter • Sep 6, 2022 • 204 Comments In terms of diversification between stocks and bonds, there is none. Not anymore. They even nailed the bear market rally in lockstep.
EV SPAC Faraday Future Breaks the Buck, 14 Months after Going Public. Consensual Hallucination Was so Bad it Was Funny by Wolf Richter • Sep 6, 2022 • 98 Comments Never a boring day in the SPAC & IPO hype-and-hoopla clown show.
By How Much Can the Fed Reduce its Assets with QT? Fed’s Liabilities set a Floor by Wolf Richter • Sep 5, 2022 • 201 Comments The Fed’s big liabilities: reserves, US paper dollars, RRPs, and the US government checking account. Reserves already plunged by $1.03 trillion.
Australia Housing Bust Spreads, Accelerates. Prices in Sydney & Melbourne Fall Below Year-Ago Levels, Sales Plunge by Wolf Richter • Sep 3, 2022 • 154 Comments Biggest monthly drop in national home price index since 1983.
Stock Selloff, Collapse of Cryptos, Meme Stocks & SPAC/IPO Zombies Bringing Day Traders Back into the Labor Force? by Wolf Richter • Sep 2, 2022 • 173 Comments Interesting stuff happening in the labor market, suddenly.
Fed’s QT: Total Assets Drop by $139 Billion from Peak by Wolf Richter • Sep 1, 2022 • 154 Comments It sticks to plan, QT like clockwork: What the Fed did in details & charts, and my super-geek extra-fun dive into the “To Be Announced” market for MBS.
Formerly Sacred Now Rotting Silicon Valley Dictum of “Growth at All Costs” Crushes Okta: Shares Collapse 80% from Peak by Wolf Richter • Sep 1, 2022 • 101 Comments Huge losses, but now revenue growth is slowing. Hilariously, executives refer to the huge losses as “profitability.”
Runaway Inflation in the Eurozone, which Kicked Off in mid-2021, Sets New Record, Wakes Up even Ridiculously Reckless ECB by Wolf Richter • Aug 31, 2022 • 197 Comments “Temporary” inflation is suddenly runaway inflation. But the negative-interest rate idiocy and QE are finally over.
