Stock market topping is a process. Have a look at these charts.
The Microsoft stock charts say it may be a sell.
Bring out your Fed! According to the National Association of Realtors (NAR), existing home sales tanked.
It is the shadows what really matter. A big enough problem in them would affect pretty much everything, including far off, out-of-the-way places like federal funds. Thus, if we observe weird things going on there we can infer more serious issues back where it does mean something. In 2013 and 2014, the Federal Reserve was […]
Here’s a chart of the small caps breaking a critical trendline.
I wanted to share a couple of shorts with you.
Monetary policy ‘normalization’ is over, folks. The idea that the Central Banks can end – cautiously or not – the spread of negative or ultra-low (near-zero) interest rates is about as balmy as the idea that the said negative or near-zero rates do anyt…
Given the advent of on-line shopping, commercial real estate prices are not quite back to where they were at the height of the asset bubble prior to the financial crisis of 2008-2009. Suburban office space is barely above the pre-crisis peak. On the other hand, apartment prices are substantially above where they were in 2008-2009, … Continue reading CRE Bubble? Commercial Real Estate Prices Since The Financial Crisis (Apartments Have Largest Run-up, Retail Has Poorest) →
New York | Last week the Mortgage Bankers Association released their annual production report for 2018. It is not a pretty picture. The Federal Open Market Committee has supposedly been “helping” the housing finance sector for years by purchasing long-dated securities, yet mortgage lenders have turned in their worst performance in decade. The MBA estimates total residential mortgage production volume at $1.64 trillion in 2018, down almost 7% from $1.76 trillion in 2017. “In basis points, the
The forced flight from unaffordable and dysfunctional urban regions is as yet a trickle, but watch what happens when a recession causes widespread layoffs in high-wage sectors.For hundreds of years, rural poverty has driven people to urban areas: …