Author Archives: Credit Flow Investor

Bear market begun in Jan and now jobs start to go…

Back to middle of 2019

Inflation pressure comes off despite oil prices peaking. Income also weak.

Manufacturing ism prices paid drops significantly for first time in a year…

https://fred.stlouisfed.org/graph/fredgraph.png?g=CcIe The reason core inflation dipped in Dec and Jan is the drop in shelter inflation. But now as things open up again, shelter inflation rises. The blue line shows the oer rate needed (0.25) to achieve core inflation 2.0.

As expected after 6 months unemployed, delinquency rates move up. Usually loans go delinquent and then LTU (long term unemployed) goes up. For this time unemployed are driving delinquency up. Looks like delinquency has a long way to go up … Continue reading →

Note change to fed policy in Jan 2018 and Sep 2018. Then again in Nov 2019 dips and change happens the next meeting Dec 2019. And now another dip in the TIP…

Through most of 2019 Fed balance sheet was declining….

Delinquencies are now rising on all loans…