WeWork, a company listed on the New York Stock Exchange (WSJ), is set to file for bankruptcy next week. November 1, 2023 6:26 am
Back In Red! C&I Loan Lending Standards Tightening To Recession Era Levels (Bank Credit Growth Remains Negative For Twelve Straight Week) October 24, 2023 10:12 pm
Last week, the Fed’s balance sheet plunged by almost $75BN last week, its biggest weekly drop since July 2020. September 27, 2023 4:06 pm
Mortgage Applications Increased 5.4% Last Week, But Purchase Demand Still Down -26% YoY And Refi Demand Down -29% YoY (Despite Mortgage Rate Rising To 7.31%) September 20, 2023 9:02 pm
LOL! UAW Union Rejects 21% Pay Hike, Demands 4 Day Work Week. A 32-hour workweek for 40 hours of pay, plus overtime. Sure. Why not? September 18, 2023 7:24 am
Liquidity Fairy Alert! It just keeps going up! Bank Term Funding Program usage above $100B for the 15th consecutive week! ($107.993B vs $107.855B 9/6). An over reliance on central bank funding, the BTFP is a moral hazard! As of 8/31/23, $2,173,066,000 in interest to survive another day. September 15, 2023 2:50 pm
Reasonable? UAW workers launch unprecedented strike against all Big Three automakers… UAW reportedly wants $300,000 a year to work 4 days a week, per Ford September 15, 2023 9:31 am
Bidenomics At Work! US Purchase Mortgage Demand Decreased 0.3% Since Last Week, Down -27% Since Last Year (Mortgage Rate UP 157% Under Biden) August 30, 2023 4:35 pm
The BRICS meeting and the Jackson Hole meeting in the same week. Both parties are ready for a chess match August 21, 2023 3:38 pm
Unusual complacency in global RISK OFF event. Powell likely to finish off China this week. Chinese Bubble bursting may trigger global bubbles. August 19, 2023 9:27 pm
Fed QT paused last week. Balance sheet remain almost unchg at $8,208.2bn, equal to 30.6% of US’s GDP vs ECB’s 52.4%,SNB’s121%and BoJ’s 130%. August 12, 2023 7:31 am
Biden’s Mortgage Market! Mortgage Demand Falls -3.1% Since Last Week, Purchase Demand Falls -3% And Down -27% Since Last Year August 9, 2023 9:34 am
Bear markets often have strong opens and weak closes, as seen last week; Leading economic indicators point to a rapidly deteriorating economy August 7, 2023 1:48 pm
Biden’s Mortgage Market! Mortgage Demand Falls 1.8 Since Last Week, Purchase Mortgage Demand Down -49% Since April 2021, Refi Mortgage Demand Down -87% As Mortgage Rates Up 115% (Hurts So Bad?) July 26, 2023 8:58 am
Deposits at US commercial banks fell -$108.5 billion this week; High net worth investors allocate the most to cash. July 21, 2023 10:33 pm
The Fed Will Almost Certainly Hike Interest Rate Next Week. This Could Add Accelerant To Market Downturn July 20, 2023 11:30 am
Claim: Fingerprints Found on WH Cocaine Baggie ’We know who handled it… Since Last Week’ July 14, 2023 8:43 pm
DeSantis hits new low in delegate forecast… ‘Crisis talk with donors next week’… July 12, 2023 9:42 pm
BIDEN (last week): “I sold a lot of state secrets and a lot of very important things…” June 26, 2023 8:44 pm
The Fed’s emergency lending facility has increased for a sixth straight week, reaching $100 billion….The Fed has complete control over when a crisis occurs. June 15, 2023 5:45 pm
‘Treasury issuance is heating up next week, with a whopping $296B of US debt on auction!’ June 9, 2023 9:18 am
Land Of Confusion! US Mortgage Demand Drops 3.7% From Previous Week, Under Biden: Mortgage Purchase Demand Down -44%, Refi Demand Down -87%, Mortgage Rates UP 106% June 1, 2023 4:21 pmJune 1, 2023 3:43 pm
Bank Run Underway? Updated commercial bank deposit data shows $54.1738 Billion in deposits removed. Last week saw it going from $17.64t to $17.61t (-$30b)–$80+ Billion removed from deposits in the last two weeks! May 31, 2023 10:59 amMarch 18, 2023 3:06 pm