Fed Sheds $20 Billion in Assets in August, Relentlessly Sloughs Off MBS, Adds Some Treasuries, Starts Shift to Short-Term T-Bills by Wolf Richter • Sep 5, 2019 • 106 Comments QE Unwind continues via the sharp drop in MBS.
Orders for Heavy Trucks Plunged 80% in August by Wolf Richter • Sep 5, 2019 • 52 Comments Here’s why — and how that’s impacting truck makers.
These Incidents Raise New Questions about the Security & Operability of the Banking System in Mexico by Nick Corbishley • Sep 5, 2019 • 61 Comments For now, it’s deny, deny, deny.
Here’s What I’m Worried About. And It’s Not a Recession by Wolf Richter • Sep 4, 2019 • 127 Comments A rout in the hyper-inflated bond market can blow up everything at this point.
Bank of Mexico Raises Alarm About Mexico’s Economy by Nick Corbishley • Sep 3, 2019 • 51 Comments “Particularly worrisome” is that this slowdown “has taken place in a context where the US economy is growing above potential.”
THE WOLF STREET REPORT: Here’s What I’m Worried About, and It’s Not a Recession by Wolf Richter • Sep 1, 2019 • 122 Comments A rout in the hyper-inflated bond market can blow up everything at this point.
My Dream is to Become a Farmer (Ha!) by Adam Williams • Aug 31, 2019 • 149 Comments No Farms for the Young: The average American farmer is over 58. With significant barriers to entry, the average is only getting older.
China Imposes New Capital Controls, Targets Foreign Real Estate Purchases, as Yuan Falls to 11-Year Low by Wolf Richter • Aug 30, 2019 • 109 Comments “Wiring money overseas is not allowed for the purposes of purchasing real estate or insurance products”: banker in China
Negative Yields Not Required: Even “Low” Interest Rates Screw Up the Economy by Wolf Richter • Aug 29, 2019 • 103 Comments How to make a mess in the era of low demand.
From Less-Splendid Housing Bubbles to Crushed Markets in America, August Update by Wolf Richter • Aug 28, 2019 • 37 Comments Chicago condo prices stall. Dallas boom slows. Minneapolis, Charlotte, Atlanta zoom higher. Detroit prices up 100% from 2012! Cleveland struggles.
