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Hilarious How Wall-Street Crybabies Whine about the Fed’s QE Unwind after a Decade of “Wealth Effect”
Hilarious How Wall-Street Crybabies Whine about the Fed’s QE Unwind after a Decade of “Wealth Effect” Their “Everything Bubble” is being pricked “gradually,” and they don’t like it. Wall Street has been moaning, groaning, and crying out loud about the Fed’s current monetary policies – raising rates and unwinding QE. They fear that these policies […]
The State of the American Debt Slaves, Q3 2018
The State of the American Debt Slaves, Q3 2018 Consumers are being lackadaisical again with their plastic. Consumer debt – or euphemistically, consumer “credit” – jumped 4.9% in the third quarter compared to the third quarter last year, or by $182 billion, to almost, but no cigar, $4 trillion, or more precisely $3.93 trillion (not […]
The Fed’s QE Unwind Hits $321 Billion
The Fed’s QE Unwind Hits $321 Billion The “up to” exacts its pound of flesh. Over the four-week period from October 3 through October 31, the Federal Reserve shed $35 billion in assets, according to the Fed’s weekly balance sheet released Thursday afternoon. This brought the balance sheet to $4,140 billion, the lowest since February […]
I Was Asked: “How & When Will the Next Financial Crisis Happen?”
I Was Asked: “How & When Will the Next Financial Crisis Happen?” China has a lot of balls in the air at the moment. FocusEconomics asked me and a bunch of other illustrious luminaries, “How and when will the next financial crisis happen?” First things first. A “financial crisis” is somewhat of a latex-term that […]
Why I think the Ugly October in Stocks Is Just a Preamble
Why I think the Ugly October in Stocks Is Just a Preamble Yet, the crybabies on Wall Street are already clamoring for the “Powell put.” Let me just say right up front: The stock market did not “collapse.” It has experienced a sell-off that made some people’s ears ring, as sell-offs normally do, and October […]
The Wolf Street Report
THE WOLF STREET REPORT When will the Fed buckle? In this podcast, I ask: Where are interest rates headed, when will the Fed buckle, and who are the new winners and losers? (10 minutes) “Everyone is worried where things are headed.” Read… Fed’s Medicine “Gradually” Pricking the Commercial Real Estate Bubble?
Friday Hasn’t Even Started Yet, But It’s Already Ugly
Friday Hasn’t Even Started Yet, But It’s Already Ugly The FANGMAN stocks went to heck afterhours. Just a note to show how decrepit and ephemeral the enthusiasm for stocks is. So far in October, the S&P 500 has booked 13 losing days, including October 10, when the index dropped 3.3%, and October 24, when it […]
This Stock Market Is “Gradually” Rotting Under the Covers
This Stock Market Is “Gradually” Rotting Under the Covers And some of the rot is oozing to the surface. The sell-off on Tuesday didn’t weigh on the scale of sell-offs: The Dow, the S&P 500, and the Nasdaq were down only around 0.5%, give or take a little. But in the broader sense, declines of […]
It’s the Banks Again
It’s the Banks Again US bank stock index down 17% from January. EU bank stocks crushed, crushed, crushed since Financial Crisis. Monday early afternoon, the US KBW Bank index, which tracks large US banks and serves as a benchmark for the banking sector, is down 2.5% at the moment. It has dropped 17% from its […]
What Truckers & Railroads Are Saying About the US Economy
What Truckers & Railroads Are Saying About the US Economy They’re a measure of the goods-based economy. Freight shipment volume across all modes of transportation – truck, rail, air, and barge – rose 8.2% in September, compared to a year earlier, according to the Cass Freight Index. While this is still a big jump, it’s […]
Implosion of Stock Market Double-Bubble in China Hits New Lows, Authorities Busy Elsewhere Keeping China Miracle from Unraveling
Implosion of Stock Market Double-Bubble in China Hits New Lows, Authorities Busy Elsewhere Keeping China Miracle from Unraveling Bigger issues than propping up the stock market beckon. Today, the Shanghai Composite Index dropped another 2.9% to 2,486.42. In the bigger picture, that’s quite an accomplishment: Lowest since November 27, 2014, nearly four years ago Down […]
Who Bought the $1.6 Trillion of New US National Debt Over the Past 12 Months?
Who Bought the $1.6 Trillion of New US National Debt Over the Past 12 Months? As a flood of US debt washes over the globe, someone has to buy. So far in this fiscal year, which just started on October 1, the US gross national debt – the total debt issued by the US government […]
Wolf Richter: Making Sense Of The Recent Market Gyrations
PODCAST Wolf Richter: Making Sense Of The Recent Market Gyrations Which triggers are driving the action? What’s next? Every week at PeakProsperity.com, we record a podcast exclusive for our premium subscribers titled Off The Cuff, where Chris and a weekly expert discuss the notable developments of the week. Every once in a while, we’ll share one […]
Amid Market Rout, Decade of “Financial Repression” Ends, Capital Preservation Suddenly is a Thing
Amid Market Rout, Decade of “Financial Repression” Ends, Capital Preservation Suddenly is a Thing This will dog the stock market going forward. Fixed-income investors – a financially conservative bunch buying Treasury securities, FDIC-insured CDs, and similar products that largely eliminate risk – have been getting crushed for a decade: Except for brief periods when inflation […]
QE Party Is Drying Up, Even at the Bank of Japan
QE Party Is Drying Up, Even at the Bank of Japan Despite repeated speeches to the contrary. As of September 30, total assets on the Bank of Japan’s elephantine balance sheet dropped by ¥5.4 trillion ($33 billion) from a month earlier, to ¥537 trillion ($4.87 trillion). It was the fourth month-over-month decline in a series […]
