Wednesday: FOMC Announcement, ADP Employment, Construction Spending, Job
Openings, ISM Mfg, Vehicle Sales
-
[image: Mortgage Rates] Note: Mortgage rates are from MortgageNewsDaily.com
and are for top tier scenarios.
Wednesday:
• At 7:00 AM ET, The Mortgage Banker...
2022-10-16
Where Are We in the Credit Cycle?
When you zoom into a hyperinflation the chart is fractal. A constant collapse in value. The past 50 years is a slow-motion inflation of credit. History says there's no way to abort this trend without major damage. The peak in the total credt-to-GDP ratio 2009 was a result of the financial crisis. Is this a giant base with 2020 pointing the way north? Or was 2020 an overthrow creating a complex double top?
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