Silver as an investment

Category Archives: United States housing bubble

How Many Hours Americans Need To Work To Pay Their Mortgage

When it comes to the cost of living in cities, a general rule of thumb is that housing prices are much higher in the country’s economic and population hubs, especially in the cities along the coasts. As Visual Capitalist's Jeff Desjardins notes, particularly in recent years, prices have been pushed sky-high in places like New […]

Goldman Is Allowing Its Clients To Bet On The Next Financial Crisis

Just over a decade ago, as the S&P was hitting all time highs and there was a line around the block of 30-some year old hedge fund managers, desperate to put other people’s money in various ultra risky investments just so they could pick a few excess bps of yield over Treasurys – a situation […]

Party Like Its July 2007: Corporate Bond Spreads Tumble To Ten Year Lows

The bond bubble is right back where it started. After a torrid three-week rally, high grade corporate bond spreads as measured by the BoA/ML Corporate Master Index OAS yesterday hit a fresh post-crisis tight level of 105bps, down from 105 bps on Tuesday and inside the low of 106bps from the summer of 2014. That’s […]

Kolanovic: “This Is What The Next Crisis Will Look Like”

There are two distinct parts to the latest, just released research note from JPM's quant "wizard" Marko Kolanovic. In the first part, the infamous predictor of market swoons takes on an unexpectedly cheerful demeanor, and explains why contrary to his recent market outlooks, near-term risks for a market selloff appear to have abated. First, he […]

Bill Blain: How To Catch Rabies In The Junk Bond Market

From Bill Blain of Mint Partners Blain’s Morning Porridge – How to catch rabies in the Junk Bond Market I’m sure everyone has been following the Toy R Us meltdown in the bond market. Alongside chapter 11 bankruptcy, its bonds have crashed from 96 to 18% through the month. Have we seen this before? Of […]

“The Dreaded Phase 4”: What Happens When Credit Spreads Finally Rise

With investors, traders, analysts and pundits focused on the chaos in the White House, and the daily barrage of escalating geopolitical and social news, whether terrorist attacks in Europe or clashes in inner America, the market is finally starting to notice as Friday’s last hour sell-off demonstrated. And yet, according to one of the best […]

UBS Explains Why The Next Credit Unwind Will Be Unlike Anything We’ve Seen Before

Several weeks ago, Janet Yellen boldly declared “I don’t believe we will see another crisis in our lifetime.”  For the rest of us who live in reality there is little doubt that the latest Fed-fueled credit bubble will eventually burst in epic fashion and once again lay waste to the personal balance sheets of millions […]

Tesla Upsizes Junk Bond Offering After Excess Demand

There’s covenant-lite and then there’s “zero covenant” junk debt, and moments ago Tesla just sold $1.8 billion of the former, upsizing what was previously expected to be a $1.5 billion issue. The deeply junk “B3/B-” rated bond was priced at par to yield 5.25%, with Goldman – who famously slashed its Tesla price target to […]

The Madness Is Back: Homeowners Take Out Mortgages To Buy Bitcoin, Cars And Wine

It’s been about a decade since the term “mortgage arbitrage” made headlines. It’s back. In the clearest sign yet of just how late far the investing cycle the developed world finds itself, the FT writes that wealthy British homeowners are again borrowing against their property to invest in bonds, equities, alternative investments or commercial property […]

Toronto Housing Market Implodes: Prices Plunge Most On Record

Until mid 2017, it appeared that nothing could stop the Toronto home price juggernaut: And yet, In early May we wrote that “The Toronto Housing Market Is About To Collapse“, when we showed the flood of new home listings that had hit the market the market, coupled with an extreme lack of affordability, which as […]