DXY breaking out, yields breaking out, causing risk on assets to sell off. Credit Suisse CDS approaching levels last seen during the Great Financial Crisis.

US 30yr Mortgage Rate Rises To 6.11%, Highest Since November 2008 (Fed Giveths And Fed Taketh Away)

The mortgage and housing markets are punch drunk after excessive monetary stimulus since last 2008 and the advent of Fed QE. As The Fed takes away the massive monetary punch bowl, mortgage rates have risen to the highest since November 2008. And with the withdrawal of monetary stimulus (raising Fed Target Rate), mortgage purchase applications have declined.

A Global Economic Crisis Like 2008 Is Looming, but World Seems Unprepared

The global economy is at risk of stagflation with high rates of inflation, debt and interest rates at the same time as low growth. If the Russia-Ukraine conflict is prolonged, it will definitely further aggravate global shortages of energy and food, which will trigger a global economic crisis on a scale similar to that seen in 2008, former World Trade Organization (WTO) deputy director-general…

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Powell Channeling His Inner Volcker Risks Pushing Dollar Higher

The dollar could rally a lot further if Federal Reserve Chair Jerome Powell really is determined to channel a much-admired inflation-busting predecessor, Paul Volcker.

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