New term: CDG Bomb https://t.co/rWOvE3v0HR — Car Dealership Guy (@GuyDealership) May 26, 2023 h/t Simian_Stacker
by megaultraman Well, not yet. But regional banks have a serious cash flow problem. Regardless of the safety of treasuries, if you are paying 5% interest against $70+ billion (deposit outflows from FRB) which is money you no longer have, …
https://www.youtube.com/watch?v=XGn-BU28-GY In the past, America has seen a massive stock market and housing bubble burst – but a car market bubble burst? That’s new. And yes, it seems absurd but that’s what is happening right now. According to Bloomberg, the …
Economic contraction occurs as the yield curve uninverts. The inversion is the predictor. https://fred.stlouisfed.org/graph/?g=o3pn https://fred.stlouisfed.org/graph/?g=dOUu Subprime ABS widening pic.twitter.com/lQqddxDXrM — Win Smart, CFA (@WinfieldSmart) December 18, 2022 The US stock market has lost $11.7 trillion in market cap from its …
by Boo_Randy October data in a week or so – by the end of the year will likely be ATH! (Fitch). If tapped-out debt folks can’t pay their auto loans, how can they cover their mortgages and rents?
by Boo_Randy More bankster tricks to get the sheeple deeper into debts they’ll never be able to repay. Credit-score inflation throws a monkey wrench into the calculus of credit risk. https://wolfstreet.com/2022/08/29/deep-subprime-subprime-auto-loans-miraculously-cleaned-up-by-credit-score-inflation/ A miracle in American consumerism happened during the pandemic, …
It is spreading like wildfire. Homebuyers in China are refusing to pay the mortgage on properties they’ve bought but that their financially strapped developers can’t finish. Some say that they will only resume payments when construction restarts. The protest involved …
Just to remind everyone … The guy that said the subprime problem was contained is now telling us the inflation problem is contained. — Jim Bianco (@biancoresearch) June 14, 2022
The source of every speculative mania, besides corruptingly low interest rates, is the drive to do too much with too little. https://t.co/7DY9XrxQgY — ValuationBot (@ValuationBot) May 23, 2022 "The Fed has to stay the course… Even if it means a …
TOPICS AND TIMESTAMPS: Here We Go Again 0:00 Consumers Off 0:46 Subprime 1:58 Higher Than US 5:38 Recession Or Not? 7:48 THIS Is What You Need To Know 13:53
by masterjedi78 2007 flashbacks: ‘More Subprime Borrowers Are Missing Loan Payments’ – WSJ Delinquencies on subprime car loans & leases hit an ALL TIME high in February https://t.co/NKEPMb6B7g — Spencer Jakab (@Spencerjakab) May 19, 2022 Philly Fed just imploded. Here …
Crypto losses now equal $1.7 trillion. The 2007 subprime mortgage market was $1.3 trillion. It's highly likely that Crypto will be the catalyst for accelerated global collapse. Weekend risk is HIGH. pic.twitter.com/4Ewo73uTeg — Mac10 (@SuburbanDrone) May 12, 2022 https://twitter.com/JTSEO9/status/1524881896362188801 A …
by confoundedinterest17 The book and movie “The Big Short” revolved around the 2005-2007 housing bubble driven by lending to borrowers with subprime credit (and little or no underwriting). As we know, Bear Stearns, Lehman Brothers and other investment banks too …
When China Guangfa Bank Co successfully applied to freeze $20 million in bank deposits and assets associated with China Evergrande, it was big news in the boardrooms, offices and around the water coolers at major financial institutions globally. At face …
Kerry Lutz & John Rubino talk about collateralized loan obligations which use the same mechanism as the subprime mortgages that caused the 2008 financial crisis.
Some suggest real estate is in a bubble driving not by fundamentals but by economic and monetary policy. More money moving into the stock market. Value stocks have seen more inflows and tech stocks and other growth stocks are also …
via Sheila Bair, op-ed via CNBC.com, It is commonly said that a college degree will generate more than $1 million in additional income during a graduate’s lifetime. Indeed, that seductive statistic can even be found on the Department of Education’s website. Unfortunately, …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Serious auto-loan delinquencies are now on par with Q2 2009 when millions of people had lost their jobs and when the economy was in free-fall. But today unemployment is low and the economy appears to be …
By Robert Ross “Housing prices in the US never go down.” Just about everyone in America believed that in the mid-2000s. A limited amount of buildable land and a growing population would keep housing demand strong. So, house prices will continue …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “A development that is surprising during a strong economy and labor market”: New York Fed Serious auto-loan delinquencies – loans that are 90 days or more past due – surged to 4.47% of total auto loan …
via Bloomberg: Online lender Enova issued unrated consumer-loan ABS last year New CFPB proposal would loosen standards for subprime lending Online subprime lender Enova International Inc. bundled consumer loans with eye-popping interest rates — some topping 99 percent annually — into bonds last …
via outline: Remember the subprime mortgage mess? $1.2 trillion in risky corporate debt is flashing similar warning signs Indebted borrowers increasingly take out high-interest, adjustable-rate loans that are packaged into securities and sold to investors eager for a better rate of …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter So what’s going on here? In the third quarter, the “delinquency rate” on credit-card loan balances at commercial banks other than the largest 100 banks – so the delinquency rate at the 4,705 smaller banks in the US …
From Brittany Hunter via FEE.org: For as often as the phrase “history repeats itself” is used, it’s shocking how rare it is for mankind to actually learn from its mistakes. This year marks a decade since the housing crisis rocked the …
Borrowers can have low credit scores, but have to go through an education session about the program and submit all necessary documents, from income statements to phone bills. They must go through counseling to understand their monthly budget and ensure …
In your opinion, are SHRINKING central bank balance sheets an issue? There is always another bubble. When one pops, the next one starts. This is a constant factor because of central bank policies. They have created this mess and will …
via nypost: Wells Fargo just can’t help itself. The nation’s third-biggest bank is planning to ramp up trading in controversial securities tied to the mortgage market — just weeks after it paid a $2 billion fine for its role in the financial …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Delinquencies soar past Financial-Crisis peak at the ca. 5,000 smaller US banks, and these are the Good Times. What’s going on? The delinquency rate on credit-card loan balances at commercial banks other than the largest 100 …
by Alexander Trigaux, Editor, GoldSilver Not only is the new real estate hyper-bubble here, but signs abound that it is popping right now: Housing demand sees biggest drop in more than 2 years Housing market has hit a ‘significant slowdown’ …
