As the "Everything Bubble" accelerated, real estate values rose at an extreme fast speed, pricing would-be buyers out of the market. As the pandemic consumed the globe, home values skyrocketed to a year-over year change over $60k. This has since rolled over.
Redfin's alternative measures of the housing market continue to show a deceleration in the crazy conditions of the last year.
How big are the Fed's holdings of bonds, notes, bills, TIPS, MBS, agencies, and FRNs in relation the outstanding market?
A long-term look at energy generation
Some interesting charts from our recent posts
Today's topics include Jim discusses the post pandemic economy, how long can the BoJ maintain yield curve control?, finding the next problem in the bond market, quitting the QE drug is tough, taking on a second job, taking shelter in cash, the global housing market, the perks of being a Washington insider, subsidizing higher energy prices, and Dr. Doom sees central banks blinking
Today's topics include more on the yen & yield curve control, forecasting how fast inflation will fall, banks' cash holdings, getting bullish on bond ETFs, the analogy of Fed policy as a controlled burn, Kashkari talks inflation & labor market, comparing pensions in the US & UK, modeling the odds of recession, high demand for LNG tankers, and stocks' reactions to earnings
Total options volume has soared since the end of 2019 as retail traders have become dominant in using short-dated (less than a week) options as speculative tools. With the macroeconomic backdrop constantly changing, they bounce back and forth between puts and calls, This is amplifying volatility in markets.
Today's topics include the BoE denies rumors of delayed QT, Lawrence summers on inflation, gilts vs. treasuries, the midterms, the yen continues falling, the neutral rate & financial instability, the odds of recession, the latest from BofA's survey, and checking in on the SPR