Author: Wolf Richter

“Financial Stress” Spikes. Markets, Long in Denial, Suddenly Grapple with New Era

“Financial Stress” Spikes. Markets, Long in Denial, Suddenly Grapple with New Era by Wolf Richter – Wolf Street Fed’s monetary policy shift is finally taking hold. It just took a while. The weekly St. Louis Fed Financial Stress index, released...

Retail Sales, Inflation Add Fuel to Fed’s Rate-Hike Trajectory, Treasuries Dive as Yields Surge

Retail Sales, Inflation Add Fuel to Fed’s Rate-Hike Trajectory, Treasuries Dive as Yields Surge by Wolf Richter – Wolf Street But something funny happened on the way to the headlines. In describing the retail-sales data released today, words like “slumps”...

What Crushed Stocks?

What Crushed Stocks? by Wolf Richter – Wolf Street Treasury yields don’t matter – until they do. Mortgage rates jump. On Friday at around 1:40 p.m., during whiplash-inducing market moves, the S&P 500 index was down 1.9%, bringing the total...

Bailed-Out RBS Systemically Forged Customer Signatures: Whistle-Blowers

Bailed-Out RBS Systemically Forged Customer Signatures: Whistle-Blowers from Wolf Street Small-business customers suffered most at the bank’s hands. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. The Royal Bank of Scotland, the UK mega-lender that has already cost British...

Corporate Bond Market in Worst Denial since 2007

Corporate Bond Market in Worst Denial since 2007 by Wolf Richter – Wolf Street It’s just a question of how disruptive the adjustment will be, whether it will be just a painful sell-off or junk-bond mayhem. Treasury securities have been...

Fed’s QE Unwind Accelerates Sharply

Fed’s QE Unwind Accelerates Sharply by Wolf Richter from Wolf Street With a sense of urgency. No more dilly-dallying around. The Fed’s balance sheet for the week ending January 31, released this afternoon, completes the fourth month of QE-unwind. And...

End of the 9-Year Rental Housing Boom?

End of the 9-Year Rental Housing Boom? by Wolf Richter – Wolf Street Since the Financial Crisis, the number of renters surged at a blistering pace, and renters became a majority in 42 cities, but the trend has now reversed....