What banks need is a recession and lower interest rates ASAP. Because they can’t make money borrowing at a Fed rate of 5% against a bond portfolio yielding 2%. But, rates won’t come down until banks implode

by BoatSurfer600 Zen Second Life In this chart we see that every small cap death cross since 2009 has led to S&P 500 crash. Four out of five times were due to either fiscal or monetary tightening. This time, we …

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US Mortgage Demand Declines -8.8% Since Last Week As Mortgage Rates Rise 2.06% WoW, Purchase Mortgage Demand Down -36% YoY, Refi Mortgage Demand Down -56% YoY

by confoundedinterest17 It’s only mid April and mortgage demand should be approaching it’s yearly high. But under Biden and The Fed, mortgage demand seems to have peaked earlier than normal. It’s already late in mortgage cycle. Mortgage applications decreased 8.8 percent from …

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Schwab’s $7 Trillion Empire Built on Low Rates Is Showing Cracks

From bloomberg: https://www.bloomberg.com/news/articles/2023-03-27/schwab-s-7-trillion-empire-built-on-low-rates-is-showing-cracks On the surface, Charles Schwab Corp. being swept up in the worst US banking crisis since 2008 makes little sense. The firm, a half-century mainstay in the brokerage industry, isn’t overexposed to crypto like Silvergate Capital and Signature …

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