Insurance Companies

What Is Causing China's Yield Curves To Invert: UBS Answers

The inverted curve reflects a contradiction between market expectations on policies and economic fundamentals. On one hand, the slowdown of economic growth may prevent the back end of the yield curve from further going up. On the other hand, financial institutions' funding costs have kept rising but the financing costs for the real economy measured by loan rates have not risen that much.

Biggest Subprime Auto Lender Skipped Income Verification On 92% Of Auto Loans

We first introduced readers to the "New Century of auto finance" (aka "Santander Consumer USA") several years ago when we first took note of one of their aggressive auto ABS facilities which sported an average FICO of 595, LTV of 110%, APR of 16.2% and a term of 70 months...but don't worry too much because they verified income on at least 8% of the loans in that pool.

Frontrunning: May 16

  • Trump Says He Has ‘Absolute Right’ to Share Terrorism Facts with Russia (WSJ)
  • Russia's response: don't read U.S. newspapers (Reuters)
  • How the Democrats Are Trying to Beat Back Trump (BBG)
  • Trump to Join Pence in Disclosing 2016 Financial Information (BBG)
  • Clue in Ransomware Cyberattack Points to a Group Linked to North Korea (WSJ)

Trump Talks "Trumponomics" With The Economist

Economist:  It sounds like you’re imagining a pretty big renegotiation of NAFTA. What would a fair NAFTA look like?

TrumpBig isn’t a good enough word. Massive.

"The Brink Of War": The Horror Of The Deep State's Plan Exposed - Part 2

It seems the level and intensity of the propaganda campaigns has ratcheted up dramatically in the last few years. It’s almost as if the Deep State is frantically trying to maintain the status quo, even as the worldwide financial Ponzi scheme of debt approaches the point of collapse. The domestic conditions in Europe, North America, and Asia are deteriorating rapidly. The propaganda doled out trying to convince citizens their financial situation is not worsening has failed.