Surprise surprise…
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
29.2 Million.
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
“Don’t Fight the Fed?” Fed’s Assets in Week 13 Since Peak QE
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:
