Author: Wolf Richter

Next Phase of Carmageddon: the Banks

Next Phase of Carmageddon: the Banks by Wolf Richter – Wolf Street Banks have started to tighten lending standards for prime and subprime borrowers, and it shows. Banks are further tightening their lending standards for prime and subprime auto loans....

Financial Storm Clouds Gather Over Italy

Financial Storm Clouds Gather Over Italy from Wolf Street Wishful thinking may not be enough. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. The financial markets have been exceedingly calm in Italy of late. At the end of October...

The Fed Actually Begins its QE Unwind

The Fed Actually Begins its QE Unwind by Wolf Richter – Wolf Street But what’s happening with mortgage-backed securities? Thursday afternoon, the Fed released its weekly balance sheet for the week ending November 1. This completes the first month of...