…average price for regular gasoline in the United States is about $1.71, up from $1.62 a month ago, according to AAA. A year ago, the average price of a gallon…
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Alan Collinge of Student Loan Justice on CAP’s Current Efforts to Revamp Student Loans
…refinancer in the market. This leaves no doubt where some of the emphasis on refinancing student loans my be coming from today. I wonder if Moodys will rate it AAA…
Forecasting the 2016 election economy, first forecast: the long leading indicators
…year before the onset of the next recession. Corporate bonds most recently made a confirmed low 3 years ago. BAA-rated corporate bonds equalled that low, but AAA-rated bonds did not:…
Forecasting the 2016 election economy: in which I respond to Nate Silver
…WLI: Initial Jobless Claims Business Failures Real Estate Loans Journal of Commerce-ECRI Industrial Materials Price Index S&P 500 Stock Price Index Corporate Bond Yield Aaa Risk Spread Between U.S. Treasury…
The long leading indicators: on the cusp of turning negative?
…the onset of the next recession. Following Brexit, in the beginning of July BAA corporate bonds yields made a new all-time low, and AAA bonds tied their all time low….
Current Account Deficits and Safe Assets
…included the mortgage-backed obligations of U.S. government-sponsored enterprises, such as Freddie Mac and Fannie Mae, as well as privately-issued asset-backed securities that had been rated AAA. But their status as…
Intercompany Guarantee Fees and Trump’s Lido City Loan
…a ten-year loan denominated in RMB (to be fair I do not know the currency of denomination or the term either), then the lender was assuming a AAA credit rating…
WARNING: another “debt ceiling debacle” is looming, and could cause nearly immediate recession
…*it has already incurred.* In 2011, as a result of the impasse, US creditworthiness was downgraded from AAA to AA. Consumer confidence plummeted: Note the next largest spike downward occurred…
Credit Spreads: Comparing COVID-19 to the Collapse of Lehman Brothers
…did find some Thomson Reuters discussion entitled the implications of the credit crunch for intercompany loans, which talked about market interest rates as of February 2009: Spreads for even AAA-rated…
The Return of Global Imbalances?
…assets. U.S. Treasury bonds have been the preferred asset of central banks and European savers, although before the 2008-09 financial crisis mortgage backed securities with AAA ratings were seen as…
