Despite nearly being at “full employment,” labor costs continue to drop in the USA. On this news and the lack of nonfarm labor productivity, the US Treasury 10Y-2Y yield curve slope fell below 90 basis points. Time for some snake … Continue reading →
According to the results from the annual stress test of Fannie Mae and Freddie Mac released today by their regulator, the Federal Housing Finance Agency, the “GSEs” which were nationalized a decade ago in the early days of the crisis,
Global central bank (including the US Federal Reserve) has been providing massive liquidity to financial markets, paritcularly (in the case of The Federal Reserve) since June 2007.
The US Federal government is spending at a fast and furious rate. US Federal Spending is rising at a staggering $428,253,120 per day while US Federal TAX Revenue is only rising at $129,857,760 per day.
According to the Bureau of Labor Statistics, total nonfarm payroll employment increased by 209,000 in July, and the unemployment rate was little changed at 4.3 percent.
Toronto swings like a pendulum do. Or what goes up must come down. Toronto home prices fell 4.6% in July, the biggest decrease in 17 years.
Thomas Hoenig, the former KC Fed Chairman and current vice chairman of the Federal Deposit Insurance Corporation (FDIC) stated recently that banks are choosing to distribute their earnings to investors rather than lend.
According to The Federal Reserve’s Assets and Liabilities of Commercial Banks in the United States – H.8, released last Friday, commercial and industrial (C&I) lending and real estate (RE) lending at commercial banks continues to decline YoY. C&I lending is … Continue reading →
Venezuela’s financial crisis keeps getting worse and worse.
On top of today’s news that inflation (as measured by Core PCE Price Growth) is flat at 1.5% YoY