Pusillanimous Powell Channels Bernanke: “Subprime Debt Is Contained”

Before the stock market’s slide beginning in early October, for most people they heard the economy was booming, the labor market was unbelievably good, an inflationary breakout just over the horizon. jay powell did as much as anyone to foster this belief, chief caretaker to the narrative.

At present, mortgage delinquencies remain low, although delinquencies on subprime mortgages have risen in recent months. The recent rise in subprime mortgage delinquencies has been concentrated among adjustable-rate subprime loans, which is probably related to interest rates resetting–as the first reset tends to occur much earlier for subprime ARMs than prime ARMs.

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Ten Years Later, There’s Still No Economic Recovery. –  · This time for Humphrey Hawkins its Jerome Powell’s turn, taking his place where Janet Yellen and Ben Bernanke had been before him. He says all the same things they did, as.

Lance Roberts | Business Insider, MarketWatch, The Street. – Powell Channels Bernanke: "Subprime Debt Is Contained" By Lance Roberts realinvestmentadvice.com – Print FriendlyI recently discussed one of the biggest potential “flash points” for the financial markets today – corporate debt.

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Powell Channels Bernanke: "Subprime Debt Is Contained" – Which is the problem with Powell’s comments which are all predicated on just one thing – no recession. "To preview my conclusions, as of now, business debt does Unfortunately, while Jerome Powell may be currently channeling Ben Bernanke to keep markets stabilized momentarily, the real risk is some.

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Powell Channels Bernanke: "Subprime Debt Is Contained". Danielle DiMartino Booth Discusses Stocks and Markets. BEYOND BELIEF!

The Transitory Story, I Repeat, The Transitory Story. –  · Understand what the word “transitory” truly means in this context. It is no different than Ben Bernanke saying, essentially, subprime is contained. To the Fed Chairman in early 2007, this one little corner of the mortgage market in an otherwise booming economy was a transitory blip that booming economy would easily withstand. Just eight days before Bernanke would testify.

To Pomboy’s ears, that echoed loudly former Fed boss Ben Bernanke’s insistence in May 2007 that problems in subprime mortgages were contained and “posed no serious spillover to banks or.