by Charles Hugh-Smith Thus will end the central banks’ bombastic hubris and the public’s faith in central banks’ godlike powers. Having fixed the liquidity crisis of 2008-09 and kept a perversely unequal “recovery” staggering forward for a decade, central banks …
A new study details how Americans manage credit cards and how stressful credit debt can be. Commissioned by Clever Real Estate and conducted by online polling software Pollfish, the report looked at 1,000 survey responses of Americans who owned at least one …
equity vol and cdx na ig starting to turn up pic.twitter.com/VsblsGDhaT — Alastair (@StockBoardAsset) March 14, 2019 There has been no pickup in China's credit creation YoY. This leads the economic data by 9-12 months. $FXI pic.twitter.com/RgBAQQgTb2 — Teddy Vallee …
via investmenteurope: Global debt levels have become “higher and riskier” than that of a decade ago, meaning that “another credit downturn may be inevitable”, S&P Global Ratings has warned. In a report entitled Next Debt Crisis: Will Liquidity Hold?, published on Tuesday …
By John Mauldin Last week, the ECB announced it would keep record-low interest rates for longer. The news comes shortly after the Fed gave in to the market and held off on further rate hikes. While investors celebrate the policy reversal, …
Short term loans with bad credit are exactly what someone in need of funding needs! With a short term loan, expect immediate funding, as well as the convenience of not getting checked off based of a credit score. Most financial …
The credit card business in the US is an extraordinary racket charging both merchants and cardholders to generate extraordinary margins. Deutsche Bank via @SoberLook pic.twitter.com/yiE3miYXN9 — Adam Tooze (@adam_tooze) March 7, 2019 i know. i know. this doesn't matter. but …
via Yahoo: A rising number American households are grappling with rising borrowing costs and consumer loan delinquencies — a worrying trend that could indicate an economic slowdown is at hand, Deutsche Bank warned on Wednesday. As U.S. consumers rack up a record …
by Michael Snyder Is the consumer debt bubble finally starting to burst? If the latest numbers on delinquent credit card accounts are any indication, that appears to be precisely what is happening. As I noted the other day, Americans currently have …
Wall St. For Main St., Released on 2/21/19 Jason talks about a how China offering credit To all! $685 billion dollars in total aggregate credit in just one month!
via hedgeye: A viewer asked Hedgeye CEO Keith McCullough on our inaugural Mega Market Trends webcast his thoughts on how the current shorting opportunity in the market compares to previous setups in 2001 and 2008. McCullough explains that while there are some similarities …
via fastcompany: Usually when people mention pain at the pump, they are talking about a rise in gas prices. Not Krebs on Security. The website wrote this week about a new warning from the fraud-investigation branch of the Secret Service. In a memo …
by Michael Snyder Virtually everything that you do online and offline is being monitored, tracked or recorded by someone. Could you imagine what life would be like if the government compiled all of that information into a giant database and …
via thetimes.co.uk: Almost a third of European credit investors fear that the global economy is heading for recession, according to a client survey by Bank of America Merrill Lynch. Investors’ biggest concern in February was a “global recession”, with 33 per …
Authored by Steven Vannelli via Knowledge Leaders Capital blog, Credit markets often move before the equity markets, and this can offer helpful information about the near-term path of equity prices. In general, I like to see credit confirming what the …
by Charles Hugh-Smith Europe is awash in credit exhaustion, and so is China. The signs are everywhere: credit exhaustion is global, and that means the global growth story is over: revenues and profits are all sliding as lending dries up …
by Charles Hugh-Smith The economy is far more precarious than the surface boom/bubble suggests. A great many households, enterprises and municipalities are in overloaded boats whose gunwales are just a few inches above the water; the slightest wave will swamp and …
https://www.bloomberg.com/news/articles/2019-01-25/credit-suisse-said-to-lose-60-million-after-canada-goose-trade Sold the stock at a $60 million loss after Canada arrested Huiwei ceo. Credit Suisse acted as an underwriter on the sale of 10 million shares by Canada Goose Holdings Inc. stockholders in late November. The offering was priced …
Wall St. For Main St., Released on 1/29/19 Jason talks about the new data from Caterpillar, Apple, ratio of “present situation” to “expectations” from the Conference Board confidence report and also what GameStop said about credit for LBOs.
Given the sharp slowdown in credit card transaction data, safe to say that retail sales will miss to the downside. $TLT $SPX pic.twitter.com/vHZErtjEE3 — Teddy Vallee (@TeddyVallee) January 29, 2019 Retail sales from First Merchant not looking great. pic.twitter.com/uK2BbC3tCd — …
leveraged loans index stalling out – bad for stock market pic.twitter.com/KTt21h5yqZ — Alastair (@StockBoardAsset) January 28, 2019 Credit Default Swaps reset after a month of declines? pic.twitter.com/xU4LAqo03F — Alastair (@StockBoardAsset) January 28, 2019 Eurozone credit impulse… Despite zero interest rates …
Rising interest rates and credit card balances from CNBC. via CNBC: Over 1 in 3 people —or 86 million Americans — say they’re afraid they’ll max out their credit card when making a large purchase. Still, most Americans continue to …
by howmuch Lots of people make New Year’s resolutions to get their personal financial situation in order, and paying off credit card debt is usually a high priority. Credit card debt is at a $1 trillion. The combination of high borrowing …
via Bloomberg: HPS, Z Capital sold deals that can hold more CCC rated loans Such CLOs offer higher debt returns to compensate for the risk Some of Wall Street’s biggest buyers of leveraged loans are gearing up to profit from a U.S. …
via Yahoo: Get out while you can. In a note to clients, analysts at Credit Suisse (CS) said they still expect 5% upside for the key global markets, but “advise selling developed markets into the rally rather than continuing to build positions.” …
via @lebas_janney: Two banks, $C and $JPM have reported increases in loan loss provisions/credit costs. They’re preparing for the credit downturn, even if they don’t say so outright. On the plus side, $WFC followed up with a pretty benign credit story …
