FIG Topics of Interest

 

03/29/17

Subprime auto-loan securitizations, have risen to 32.5% from 5.1% since 2010.
Scottish lawmakers backed plans to pursue a second independence referendum.
Industrial robots have had a "large" and negative effect on US employment and wages.
How long can a country remain rich without manufacturing?
US Interior Secretary Zinke is kick-starting a process that could lead to companies paying higher royalties for oil, gas and other energy resources.
Measuring Labor Utilization: The Non-Employment Index
Toshiba said Westinghouse's board was considering bankruptcy.  they have filed for Chapter 11 protection in New York.
Cisco learned its equipment was vulnerable to hacking, after Julian Assange disclosed earlier this month that his anti-secrecy group obtained CIA tools for hacking into technology products made in the USA.
SpaceX is about to make history by re-launching a used Falcon 9 rocket.

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03/29/17

“The securitization market has become more heavily weighted towards issuers that we would consider deep subprime,” the strategists wrote. “Auto loan fundamental performance, especially within ABS pools, continues to deteriorate.”

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03/28/17

President Trump and House Speaker Paul D. Ryan both want to rewrite the tax code, but their proposals differ on how much tax relief to give the middle class.

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03/27/17

The amount of new capital available for global real estate investment in 2017 stands at $435 billion, lower than last year’s peak but the second-highest figure recorded since 2009, according to new research from Cushman & Wakefield China in Hong Kong.

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03/24/17

A record 1,764 wells were left unfinished in the Permian in February, according to U.S. government data going back to December 2013. In February alone, 395 wells were drilled and only 300 completed. That was the highest drilling rate in the Permian in two years.

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03/23/17

Fifty-two of the 100 largest U.S. cities were majority-renter in 2015, according to U.S. Census Bureau data compiled for Bloomberg by real estate brokerage Redfin. Twenty-one of those cities have shifted to renter-domination since 2009. These include such hot housing markets as Denver and San Diego and lukewarm locales, such as Detroit and Baltimore, better known for vacant homes than residential development. 

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03/22/17

An overhaul of Fannie Mae and Freddie Mac is highly unlikely to make it into this year's legislative calendar, Congressional staffers say, possibly shifting the new administration's immediate focus to allowing the mortgage financing institutions' to rebuild depleted capital.

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03/21/17

“The U.S. commercial real estate recovery still has room to run amid reflation and resilient rental yields,” Richard Turnill, BlackRock’s London-based global chief investment strategist, wrote in a report on the company’s website Monday. New York-based BlackRock oversees $5.1 trillion world wide.

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03/20/17

While solicitously "guiding" the markets to its "earth-shaking" 0.25 percent interest rate increase last Wednesday, the Fed has been expanding its balance sheet – big time -- by buying a huge amount of assets in exchange for cash to reassure equity and bond traders.
Only during the two weeks preceding the push of the federal funds rate (interest rate banks charge each other for overnight loans) to the 0.75-1.0 percent range, a total of $115.5 billion of new liquidity has been created.

Click here to download a pdf of this article, Missile.pdf