The housing market is showing all the makings of another crash. The Fannie Mae housing sentiment index is at an all-time low. And forbearances are now twice that of Q1 2008 delinquencies. Under extreme stress from the COVID-19 crisis, the U.S. housing market has many of the makings of the 2007-2009 housing crash. But this…
The U.S. stock market has already dumped 27%, descending into the fastest bear market ever. But it could fall a further 20-30% if it corrects back to fundamental levels. The stock market has been wildly disconnected from corporate profits for the last five years. Welcome to the fastest bear market in history. The U.S. stock…
A CNBC article claims that the bond market’s “scary recession warning” has gone away. Although the yield curve is no longer inverted, it’s behaving exactly as it would before a major recession. New York Fed’s repo operations continued on Thursday with a massive $115.14 billion injection. U.S. government debt yields extended their steep recovery this…
