The commercial real estate (CRE) implosion has exposed endemic risk among regional banks and foreign financial institutions that adds fuel to a banking crisis bonfire that surfaced last spring after Silicon Valley Bank, Signature Bank, and First Republic collapsed. A...
An increasing number of Americans cannot afford the higher car prices and are falling behind on record-high car payments, which adds more misery to tighter household budgets as the U.S. economy heads for a hard-landing recession after a pandemic, supply chain crisis,...
The unsustainable U.S. national debt and deficit burden (view the real-time National Debt Clock) is a theme within my series on an impending bond storm ouroboros, the housing bubble’s entry into a capitulation phase, an imminent hard-landing recession vs. a Goldilocks...
Lurking behind a surge in United States government bond yields since the spring of this year are the two largest players in the market that have stopped buying U.S. Treasury debt. The Federal Reserve launched a quantitative tightening (QT) monetary policy program in...
The banking crisis is shifting rapidly and it’s fluid due to the complex and interconnected global financial system. This update will likely outdate itself by this weekend or next week as the drama unfolds. I began this series by penning a summary of what occurred...