by Jesse Colombo U.S. student-loan delinquencies surged in 2018, hitting a record $166.4 billion in the fourth quarter. Bloomberg reports – Delinquencies continued to climb even as the unemployment rate fell below 4 percent, suggesting the strong U.S. job market hasn’t generated …
by Troy As the S&P 500 makes a sharp upwards reversal towards its 38.2% fibonacci retracement, the U.S. stock market’s breadth is surging and risk-off assets (USD) are falling. This combination of extremely strong breadth and a decline in risk-off …
by Troy While the U.S. stock market has been trending downwards from December 2018 – present, safe havens (e.g. gold and Yen) have been going up. Go here to understand our fundamentals-driven long term outlook. Let’s determine the stock market’s most …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The average interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) and a 20% down-payment jumped to 4.97% for the week ending September 21, the Mortgage Bankers Association (MBA) reported this morning. A week …
by Michael Snyder The primary reason why stock prices have been soaring in recent months is because corporations have been buying back their own stock at an unprecedented pace. In fact, the pace of stock buybacks is nearly double what it …
“How stressed are emerging mkts vs developed mkts? The gap between implied FX vol for EM (surging) and G7 (still subdued) is extreme, only observed a couple other instances in the last 18yrs; How will it correct? Probably some combo …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The impact on homebuyers and the market, in dollars and cents. The average interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) and a 20% down-payment jumped to 4.86% for the week …
via Sam Meredith The price of crude has risen over the past two years, from $26 in 2016 to $77 on Monday, as the balance between supply and demand has been steadily tightening. Alongside a broader escalation in regional conflict, Citi …
by John Rubino Remember when Iraqis were first able to vote in national elections back in the 2000s, and huge numbers braved terrorist threats to go to the polls and celebrated afterwards? Their enthusiasm contrasted sharply with US elections where …
With the U.S. Census Bureau reporting yet another year of population loss for the city, it doesn’t take an investigator to determine the causes. The city’s scary record of 343 homicides in 2017 affirms the city’s well-known reputation as …
Don’t be scared, the UST10Y could be primed >3% This chart says American’s feel great having less savings. This will not end well.. h/t @StockBoardAsset DB's Torsten Slok points out that U.S. debt has a lower average maturity than most …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “Pricing power has erupted…” The transportation industry, particularly trucking, has benefited from the rise in retail spending in the fourth quarter and in much of 2017. The surge in e-commerce with all the transportation challenges it …
h/t @StockBoardAsset Market momentum has never been higher but the risk of a crash is high I wouldn’t want to scare you but have you seen a chart of the Dow Jones or the S&P 500 index recently? The RSI or …
By Michael Snyder The cryptocurrency revolution is the biggest story in the financial world right now. In recent days I have spent a lot of time writing about Bitcoin, but the truth is that all of the major cryptocurrencies have been …
by GoldCore – Easy credit offered by UK banks is endangering “everyone else in the economy” – UK banks are “dicing with the spiral of complacency” again – Bank of England official believes household debt is good in moderation – …
by Umar Farooq Vehicle ownership increased steadily during the 20th century to the point where, by 2001, there were more than 1.2 registered motor vehicles for every American who was licensed to drive. By then, it was reasonably safe to …