Search for:

Wolf Street

Tag Archive for refinancing cliff

At the worst possible time.

Nasdaq fell 2.05%, back to where it had been in September 2021. We have some new WTF Charts of the Year.

After ON RRPs go to zero, reserves will decline, further reducing the Fed’s interest expenses and losses. But it’s not straightforward.

All that makes sense, but why are there still any cash-out refis when people could take cash out via HELOCs, without losing a 3% mortgage?

Turns out, collapse of the currency is the price Japan is now paying for years of crazed monetary policies.

Retail sales by major segment: huge winners (on top: ecommerce and general merchandise retailers), and some big losers.