Real inflation remember he removed all they had donek adjustments now so we never actually see inflation in the fischel numbers but wealth richter at wall street dot com i think has figured out that where youre starting to see it and that is whats behind the sub prime Consumer Loan implosion these are the good times but why are subprime credit cards auto loans and short term installment loans blowing out ok weve got a situation in sub prime Consumer Loans the delinquency rate on credit card loan balances at the nearly 5000. 00 smaller commercial banks in the United States this means all banks except for the largest 100. 00 is blowing out according to Federal Reserve data and the 3rd quarter the delinquency rate at these banks rose to 6. 25 percent thats even higher than during the peak of the financial crisis so the delinquency rate has more than doubled in just the past 2. Years. Means 30 days or longer overdue your payments are. The largest banks have delinquency rate of 2. 58 percen
0year, we probably have to be looking at a global recession. We are going to test 1 . A lot of things would have to go incredibly wrong to get the 1 . You have to have a recession to get there. The u. S. Economy could go to recession. Unless the market begins to price an additional cuts, the 10 year at most will drop down to the 160 range. The fed will have to ease again. The fed is going nowhere. If there is any sort of weakness in the data, you will see an outsized rally in bonds. Jonathan joining me, kathy jones, george bory, and in chicago, jim bianco. Jim, lets begin with you, looking out to 2020, it seems the consensus view is for rates they are or go lower. Where you come down in that debate right now . Jim i think thats probably right. Rates will probably drift lower. Thats been the story the last 10 years. Weve had no inflation, we are in a record expansion, we cannot generate any inflation right now, rates are down 75 basis on ts this year, at least the 10year yield. The path
Politics and geopolitics so he now openly says what was always the truth for example that were there for their oil we werent there to help the women and children of iraq were there to take their oil and that is the truth and that has always been the truth he has revealed this truth he has also revealed that in fact our trade policies since nafta since especially the china rising into the debbie sheo has been a bad deal for the majority of workers in the United States that has been revealed now one of the things that has been going on since this financial crisis and back in 2009 in 10 remember we had many debates here on kaiser report about whether there was going to be inflation or deflation and a lot of people like peter schiff predicted hyperinflation because there would be so much money printing they cant print 14. 00 trillion dollars and have no inflation well shadowstats that John Williams runs was always the one that measured real inflation remember he removed all they had donek
With strict conditions will be allowed to compete under a neutral flag. Russia has 21 days to appeal the decision. Former fed chairman paul paul volcker is dead. He broke the back of u. S. Inflation during the 80s. Later, he led president obamas efforts to rein in the investment risk of commercial banks. That led to the volcker rule which the banks hated. Paul volcker was 92 years old. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie and at 6 00 p. M. In hong kong. 0 a. M. In im a vonnie quinn. Welcome to bloomberg markets. From bloomberg world headquarters, here the top stories from around the world that we are following. We are on the cusp of a busy week with a lot of potential catalysts from the fomc meeting to the looming americachina tariff deadline. Plus, the u. S. Winter flu season is off to its earliest start in more than 15 years. We will tell
Still attractive, but not breaking out. 120 by the end of the year. If we get 120 by the end of the 10 year, we probably have to be looking at a global recession. We are going to test 1 . A lot of things would have to go incredibly wrong to get the 1 . You have to have a recession to get there. The u. S. Economy could go to recession. Unless the market begins to price an additional cuts, the 10 year at most will drop down to the 160 range. The fed will have to ease again. The fed is going nowhere. If there is any sort of weakness in the data, you will see an outsized rally in bonds. Jonathan joining me, kathy jones, george bory, and in from chicago, jim bianco. Jim, lets begin with you, looking out to 2020, it seems the consensus view is for rates to remain where they are are or go lower. Where you come down in that debate right now . Jim i think thats probably right. Rates will probably drift lower. Thats been the story the last 10 years. Weve had no inflation, we are in a record expa