“Concerned” Bank of England Raises Alarm about Growth of High-Risk Loans by Don Quijones • Oct 10, 2018 • 12 Comments “The global leveraged loan market is larger than – and growing as quickly as – the US subprime mortgage market was in 2006.”
I Was Asked: Why Did All this Money-Printing Not Trigger Massive Inflation? by Wolf Richter • Oct 9, 2018 • 180 Comments Japan monetized 50% of its national debt. Why has there not been a surge of inflation? And why can’t the Fed restart QE and do the same?
Revealed: The Run on Banks in Catalonia after the Independence Vote was Fomented by Madrid by Don Quijones • Oct 9, 2018 • 20 Comments The clandestine role of the Spanish government in a run on deposits that drained €29 billion from Catalan banks.
US Dollar & Emerging Market Stocks: Big-Fat Gains Turn to Big-Fat Losses by Wolf Richter • Oct 9, 2018 • 37 Comments “The tide is going out and investors are starting to worry about which EM economies have been swimming naked.”
QE Party Is Drying Up, Even at the Bank of Japan by Wolf Richter • Oct 8, 2018 • 54 Comments Despite repeated speeches to the contrary.
Red Ink: Housing Inflects Further in Bay Area’s Sonoma County by Wolf Richter • Oct 8, 2018 • 46 Comments “101 new listings, 101 price reductions.”
10 & 30-Year Yields Surge, Yield Curve “Steepens,” Stocks Drop, as Fed Talks Up Rate Hikes in 2019 by Wolf Richter • Oct 7, 2018 • 60 Comments Ironically, after having lamented the flattening yield curve for a year, soothsayers now lament the steepening curve.
Italy’s Debt Crisis Flares Up, Banks Get Hit, as Showdown with the EU Intensifies by Don Quijones • Oct 7, 2018 • 59 Comments Italy’s anti-establishment government takes on EU establishment in a struggle that could have major ramifications for the monetary union.
“Trump Bump” in San Francisco’s Housing Bubble by Wolf Richter • Oct 5, 2018 • 89 Comments It’s not fun anymore.
Loans Sour in Turkey, Inflation Hits 25%, Interest Rates Spike, Fears of Contagion Rise by Don Quijones • Oct 5, 2018 • 37 Comments The economic miracle fueled by foreign-currency debt.