Mortgage credit conditions are at their tightest levels in 6 years.
Now down a record of 32% YoY in August!
No kidding the Fed had to buy $600B of MBS in the last 6 months. pic.twitter.com/6LD8cKGUMf
— Otavio (Tavi) Costa (@TaviCosta) September 11, 2020
That's how many people are currently collecting unemployment insurance benefits.
Latest report just shot up by 2.2M in a week.
Extreme deficits and free money……
Probably far from over. pic.twitter.com/qFRiRrqAd9
— Otavio (Tavi) Costa (@TaviCosta) September 10, 2020
New mortgages & Serious Delinquencies (90 days) pic.twitter.com/wDLTn19hh6
— Win Smart, CFA (@WinfieldSmart) September 11, 2020
Total assets on the Fed’s balance sheet for the week ended September 9, released this afternoon, fell by $7 billion from the prior week, to $7.01 trillion. Since the peak on June 10, total assets have declined by $158 billion: