BIS Warns of Leverage, Liquidity Risks, and the Need for a Fed Backstop – Mish Talk
Mortgage Backed Securities (MBS) Liquidity chart from the BIS Liquidity risk in MBS markets Please consider the Bank of International Settlements BIS Quarterly Review for...
Global Squabbles Erupt Around the World Over the Remaining Crypto Assets of FTX – Mish Talk
FTX squabble image from WSJ Tweet Below Global Aspirations of Crypto Meet the Hard Reality of Law The predicted legal mess over FTX has exploded...
ECB Says It’s Approaching a Turning Point to Meeting Inflation Goal of 2 Percent – Mish Talk
Inflation stats from ECB, comments by Mish. The lead chart is from the ECB Measuring inflation – the Harmonised Index of Consumer Prices (HICP) Key...
Inflation Roars Back in the Eurozone With New Highs in Germany, Italy, and France – Mish Talk
Inflation data from St. Louis Fed amended with October data from other sources, chart by Mish Yesterday, I commented on Inflation Around the World: How...
A Hopium Stock Market Rally on Jerome Powell’s Inflation Progress Report – Mish Talk
Image courtesy of StockCharts.Com The Federal Reserve posts a Transcript of Powell’s Speech on Inflation and the Labor Market. Powell put a spotlight on core Personal...
Another Strong Jobs Report? Phooey, and I Can Prove It – Mish Talk
Payroll and employment data from the BLS, chart by Mish Today, the Bureau of Labor Statistics released its Monthly Payroll Report. Initial Thoughts The discrepancy...
Heading Into Recession, There Is a Huge Excess of Real Private Inventories – Mish Talk
Real, inflation-adjusted inventory data from the BEA via St. Louis Fed, chart by Mish The chart shows “real” inflation-adjusted inventories. The index year is 2012....
The Fed is Hiking at the Most Aggressive Pace Ever (And What it Means for Housing) – Mish Talk
Monthly average Fed Funds Rate via St. Louis Fed Chart Notes I use monthly averages because the Fed now targets a range. Also the Fed...
The Bond Market’s Recession Signal Is the Loudest in 40-Plus Years
The U.S. Treasury yield curve recently inverted to a point that hadn’t occurred since the early 1980s, signaling that a recession is on the way....
The Budget Deficit Big Lie and When Will Soaring Debt Finally Matter – Mish Talk
Change in public debt vs the purported fiscal year deficit. Data from St Louis Fed, chart by Mish. Chart Notes The change is debt is...