Home » Posts tagged 'wolf richter' (Page 15)
Tag Archives: wolf richter
How Much Are Banks Exposed to Subprime? More than we Think
How Much Are Banks Exposed to Subprime? More than we Think Wells Fargo has $81 billion in exposure to loans that, on paper, it isn’t exposed to. A couple of days ago, when I wrote about the soaring delinquency rates in subprime auto loans – the worst since 1996 – and the collapse of three […]
Toronto’s Epic Housing Bubble Turns to Bust
Toronto’s Epic Housing Bubble Turns to Bust Prices of detached houses plunge C$207,000 from a year ago as sales collapse. After having ballooned for 18 years with barely a dip during the Financial Crisis, Toronto’s housing market, Canada’s largest, and among the most inflated in the world, is heading south with a vengeance, both in […]
Wolf Richter: The Era Of The Fed “Put” Is Over
Wolf Richter: The Era Of The Fed “Put” Is Over It now wants lower asset prices (just not too fast) To all those investors expecting the Fed to step in to backstop the recent weakness seen in the stock market, Wolf Richter warns: The cavalry isn’t coming. After years of force-feeding too much liquidity into […]
What Kind of Hyper-Enthusiastic Market is this that Blindly Keeps Pursuing Scams to Make a Fortune Overnight, even if They Already Crashed the First Time?
What Kind of Hyper-Enthusiastic Market is this that Blindly Keeps Pursuing Scams to Make a Fortune Overnight, even if They Already Crashed the First Time? It’ll take many more sell-offs and the collapse of many more iffy stocks before this hyper-enthusiasm, after nine years of central bank nurturing, is finally wrung out of the market. […]
What Could Dethrone the Dollar as Top Reserve Currency?
What Could Dethrone the Dollar as Top Reserve Currency? Central banks seem leery about the Chinese yuan. What will finally pull the rug out from under the dollar’s hegemony? The euro? The Chinese yuan? Cryptocurrencies? The Greek drachma? Whatever it will be, and however fervently the death-of-the-dollar folks might wish for it, it’s not happening […]
Freight Costs and Volumes Surge, Inflation Fears Heat Up
Freight Costs and Volumes Surge, Inflation Fears Heat Up February was off the chart. “We are seeing an unprecedented rise in logistics costs,” General Mills CEO Jeff Harmening told the Wall Street Journal after the company reported earnings. Shares dropped 9% on Wednesday and another 2% on Thursday. They’re down nearly 40% from their peak […]
Then Why Is Anyone STILL on Facebook?
Then Why Is Anyone STILL on Facebook? Where’s the panicked rush to “delete” accounts? Things at Facebook came to a head, following the disclosure that personal data from 50 million of its users had been given to a sordid outfit in the UK, Cambridge Analytica, whose business model is to manipulate elections by hook or […]
US Gross National Debt Spikes $1.2 Trillion in 6 Months, Hits $21 Trillion
US Gross National Debt Spikes $1.2 Trillion in 6 Months, Hits $21 Trillion These dang trillions are flying by so fast, they’re hard to see. The US gross national debt jumped by $72.8 billion in one day, on Thursday, the Treasury Department reported Friday afternoon. This March 16 is a historic date of gloomy proportions, […]
In this Era of Inflated Asset Prices, Can the Fed Raise Rates without Causing Financial Mayhem?
In this Era of Inflated Asset Prices, Can the Fed Raise Rates without Causing Financial Mayhem? Wolf Richter on the Keiser Report. The Fed is trying to accomplish a soft landing — hence the extraordinarily slow rate hikes — but our history with soft landings is very spotty, and there has never been more debt than now: Investors […]
Home Prices Sink, Sales Plunge in Toronto
Home Prices Sink, Sales Plunge in Toronto Homeowners who bought a year ago are down C$110,000 on average. Home sales in the Greater Toronto Area, Canada’s largest housing market, plunged 35% in February compared to a year ago, to 5,175 homes. The plunge in volume was spread across all types of homes. Even the previously […]
Are Subprime Debt Slaves, a Leading Indicator, Worrying the Fed?
Are Subprime Debt Slaves, a Leading Indicator, Worrying the Fed? Credit problems always appear first at the margins. The new Fed remains a somewhat unknown quantity: There are still four vacancies on the Fed’s seven-member Board of Governors that forms the core of the policy-making FOMC. The new Chairman, Jerome Powell, has already shown in […]
Momentous Shift in US Natural Gas, with Global Consequences
Momentous Shift in US Natural Gas, with Global Consequences And this is just the beginning. The year 2017 was when the US became a net exporter of natural gas for the first year in history. The production of natural gas has been surging since 2007, when fracking turned into a boom, whittling away at the […]
The Brick & Mortar Retail Meltdown, February Update
The Brick & Mortar Retail Meltdown, February Update And private equity is all over it. The brick-and-mortar retail meltdown – despite protestations to the contrary – continues with a mechanistic air of inevitability. This started in 2015, took off in 2016, and picked up pace and magnitude in 2017, a progression I documented along the […]
Stock Market Leverage Spikes. Sparks Already Flew. Brokerage Regulator “Concerned.” But Hey, Nothing’s Going to Happen.
Stock Market Leverage Spikes. Sparks Already Flew. Brokerage Regulator “Concerned.” But Hey, Nothing’s Going to Happen. Resting Happily on Smoldering Powder Keg. There is nothing like a big shot of leverage to fire up the stock market. And that’s what the market got in 2017, when the S&P 500 surged 26%, and in January 2018, […]
Surging Freight Costs Fire Up Inflation Fears
Surging Freight Costs Fire Up Inflation Fears “Pricing power has erupted…” The transportation industry, particularly trucking, has benefited from the rise in retail spending in the fourth quarter and in much of 2017. The surge in e-commerce with all the transportation challenges it brings along has been a boon for the industry. Shipments have soared, […]
