If your loan amount is greater than 80% of the home purchase price, lenders require insurance on their investment. May 10 – Financial Times (Robin Wigglesworth): “Assets under management in exchange traded funds are eclipsing traditional index-tracking mutual funds for the first time, after the global passive investment industry vaulted past $15tn in assets last year. Investment Grade Corporate Bond exchange-traded fund (ticker LQD) is now 21.5% of shares outstanding, the highest on record, according to… May 11 – Bloomberg (Sam Potter): “Cathie Wood’s miserable month continued on Tuesday, as her flagship exchange-traded fund extended declines and its assets dropped below $20 billion to the lowest since January. The bearishness was evident in the Direxion Daily Semiconductors Bear 3x Shares (SOXS), an exchange-traded fund that pays three times the inverse return of the Philadelphia Semiconductor Index. January 13 – Reuters (Anirban Sen and Jane Lanhee Lee): “In the months since office-sharing startup WeWork’s botched public debut, mid- and late-stage investors in big start-ups have been pushing for more safeguards in case their firms fail to go public or sell shares at a lower valuation than pre-IPO financing rounds. May 7 – Reuters (Kanishka Singh): “Celebrity stockpicker.
October 20 – Bloomberg (Naomi Kresge): “The surge in blank-check company deals is a sign of unfettered speculation and investors may see lackluster returns from these offerings, legendary short-seller Jim Chanos said. The Bloomberg Commodities Index dropped 1.9% (up 17.8% y-t-d). ETFs stood at $7.71tn under management at the end of last year – narrowly behind index mutual funds at $7.76tn… The economy afloat during the pandemic could end up threatening the long-term health of the U.S.S. May 12 – Bloomberg (Lu Wang): “As chipmakers head for their worst month since the pandemic outbreak, options traders are betting the selloff has further to go. May 12 – Bloomberg (Katherine Greifeld): “ETF traders are increasingly wary of the corporate bond market as inflation anxiety boils over. From about 5% annual inflation back in early 2018, the 70 Cities Newly Built Residential Buildings price index hit a high of 11.4% this past April. U.S. central bank’s July policy meeting could speed up achieving the Fed’s inflation goal. Wood said she had held discussions with Hwang about U.S. 938,250. For HECMs, the upper limit is $625,000 everywhere in the continental U.S. You can borrow money, pay it back, and borrow it again, up to a maximum credit limit.
Risky companies can borrow at the lowest rates on record. The steelmaking material soared past $230 a ton Wednesday to a fresh record… On the London Metal Exchange, the price of tin to be delivered in three months has soared 46% this year to $29,785 a metric ton… May 12 – Wall Street Journal (Joe Wallace): “High demand for consumer electronics and difficulties shipping metal out of Asia have created a shortage of tin, pushing prices for the metal close to records for the first time in a decade. Stock valuations are their richest since the dot-com bubble in 2000. Home prices are back to their pre-financial crisis peak. For one, it’s an unparalleled multifaceted global Bubble. It’s fair to say that trading was in particular disarray wherever the levered funds have been active. It’s all been so frustratingly predictable. In December 2010 the FSA confirmed that 40million were being paid back in damages to customers who were mis sold ppi along with their home Burnsville mortgage loan but we expect there is certainly still a long way to go well before persons who happen to be victims of ppi mis selling directly to them on their own mortgages to reach more than 2x this in the long run as increasing numbers of ppi claims are being posted to the Financial Ombudsman.
May 11 – Bloomberg: “Iron ore’s stunning surge won’t fade anytime soon because buyers remain nervous about being caught short as global demand accelerates amid lingering supply threats, according to a veteran commodities trader. We may have other segments to watch, but frankly, all in all we don’t see bubbles. While steel demand and production are strengthening, many analysts argue market fundamentals alone don’t justify such high prices. Avatar Commodities Ltd. ‘Logic dictates that these are ridiculous prices but fear will continue to keep the scramble going,’ said Glass… Average new home prices in 70 major cities rose 0.2% in October from a month earlier, the slowest monthly growth rate since March and down from September’s 0.4% growth… 1.7% growth in this year’s budget. Consumer (chiefly mortgage) Loan growth dropped to $60 billion (from September’s $108bn), the weakest expansion since February and 25% below October 2018. At 15.4%, one-year growth slowed to the weakest pace since May 2015. At $870 billion, year-to-date Consumer lending was running 2.6% below comparable 2018. Notably, three-month growth was down 9.0% versus comparable 2018. Consumer Loans were, however, up 36% over two years, 68% in three and 138% over five years.