The yield curve - short and long - is screaming 'policy error imminent' as its aggressive anti-inflation fight will inevitably trigger anything but a soft landing and spark a new round of easing/QE that will once and for all crush the central planner
It's official: inflation was so hot, it not only came at the highest level since Volcker hiked rates to 20% to avoid hyperinflation, but blew away pretty much all whisper numbers (it wasn't however, as high as that fake leaked BLS report).
With inflation at a 41-year high, gas at record prices, and the cost of food and housing reaching record levels, Americans are looking for alternative methods for staying afloat as their resources are dwindling.
"We anticipate continued challenging market conditions, with mortgage originations projected to decline by roughly half in 2022 from 2021, including an accelerated decline in the second half of 2022, followed by a further decline in 2023."
The mainstream seems to have conceded that the economy is heading toward a recession. But most people aren't too worried. They seem to think the downturn will turn out short and shallow.
Last month, when we reported that the latest (April) consumer credit numbers were an absolute shocker, with another month of blowout revolving (credit card) debt confirming that US consumers had tapped out, and were spending themselves silly with mon
Automobile affordability worsens as Americans are saddled up with monthly payments topping $1,000, and loan delinquencies are creeping higher thanks to increasing economic pressures thanks to the Federal Reserve's aggressive monetary tightening regim
Oil prices tumbled Tuesday with the U.S. benchmark falling below $100 as recession fears grow, sparking fears that an economic slowdown will cut demand for petroleum products.