GLOBAL CREDIT: WORLD CREDIT DEFAULT SWAPS
MM Drivers Credit
“SERIOUS DELINQUENCIES” SOAR AS HOUSEHOLD DEBT FROM AUTO / STUDENT LOANS BACK ABOVE 2008 CRISIS LEVELS
“SERIOUS DELINQUENCIES” SOAR AS HOUSEHOLD DEBT FROM AUTO / STUDENT LOANS BACK ABOVE 2008 CRISIS LEVELS Total non mortgage debt was $2.7 trillion at the peak in 2008. Now it’s over $3.8 trillion — A 41% increase. The big drivers: Auto Loans and Student loans. “Non-housing balances, which have been increasing steadily for nearly six […]
UNDERSTANDING THE 2017 US$ WEAKNESS
UNDERSTANDING THE 2017 US$ WEAKNESS Not shown in the chart above is the US Treasury selling pressures from China and Japan as they reduced their dollar FX Reserves. It really began to increase after the Trump election victory. Prior to this the banks were already concerned with what they saw ahead for the US Economy […]
SYNTHETIC CDO’s ARE BACK! – SURE SIGN OF GREED OVERCOMING RISK
SYNTHETIC CDO’s ARE BACK! – SURE SIGN OF GREED OVERCOMING RISK — SOURCE: 07-26-17 Bloomberg – “Citi Is Bringing Back One of the Most Infamous Bets of the Credit Crisis” — Post-crisis, Jia Chen has become the face of market’s revival Citigroup dominates, but Wall Street eyes bigger slice of pie Photographer: David Paul Morris/Bloomberg […]
LEVERAGED LOAN VOLUMES SOAR PAST 2007 LEVELS AS “COV-LITE” DEALS SURGE
LEVERAGED LOAN VOLUMES SOAR PAST 2007 LEVELS AS “COV-LITE” DEALS SURGE — SOURCE: 09-25-17 ZeroHedge – “Levered Loan Volumes Soar Past 2007 Levels As “Cov-Lite” Deals Surge” — If a surge in covenant-lite levered loans is any indication that debt and equity markets are nearing the final stages of their bubbly ascent, then perhaps now […]
GLOBAL CREDIT (CDS) CONTINUE TO IMPROVE
GLOBAL CREDIT (CDS) CONTINUE TO IMPROVE
CONSUMERS HIT THE BRAKES: SMALLEST INCREASE IN CONSUMER CREDIT IN 6 YEARS
CONSUMERS HIT THE BRAKES: SMALLEST INCREASE IN CONSUMER CREDIT IN 6 YEARS — SOURCE: 06-07-17 ZeroHedge – “Consumers Hit The Brakes: Smallest Increase In Consumer Credit In 6 Years” — In the latest red flag for the US economy, moments ago the Fed reported that consumer credit for the month of April rose a paltry […]
DRIVERS: CREDIT
DRIVERS: CREDIT THE CREDIT GROWTH RATE IN THE US IS NOW A PROBLEM DESPITE MONUMENTAL GOVERNMENT EFFORTS CREDIT IS BEING ARTIFICIALLY HELD UP BY STUDENT AND AUTO LOANS … AND THE GOVERNMENT NOW OWNS 73% OF ALL THESE (UNPAYABLE) LOANS I SUSPECT THE GOVERNMENT THROUGH ALLY’S ABS SECURITIZATION’S FROM GOVERNMENT MOTORS(GM’S GMAC) ALSO OWNS A […]