DOW JONES WKN: CG3AA2 ISIN: US2605661048 Forum: Indizes Thema: Hauptdiskussion

'Hawkish' FOMC Minutes: Warn On Fading Consumer, Financial System Stability Risks. Powell, speaking around a week after the FOMC meeting, struck a more hawkish tone, and said that although progress had been made on inflation, there was still a "long way to go". https://www.zerohedge.com/markets/fomc-minutes-6

Rising US debt stokes calls in Congress for special fiscal commission: The U.S. Congress is facing growing calls to find a way to stem rising budget deficits and debt following this month's warning by Moody's that political dysfunction could lead it to lower the federal government's credit rating. https://www.nasdaq.com/articles/rising-us-debt-stokes-calls-in-congress-for-special-fiscal-commission-0

Muddy Waters nimmt CPI Property aufs Korn https://www.institutional-money.com/news/maerkte/headline/muddy-waters-nimmt-cpi-property-aufs-korn-228805

USA: Verkäufe bestehender Häuser fallen auf den niedrigsten Stand seit 2010 . In den USA haben die Verkäufe bestehender Häuser im Oktober ihre Talfahrt fortgesetzt. https://de.marketscreener.com/boerse-nachrichten/nachrichten/USA-Verkaufe-bestehender-Hauser-fallen-auf-den-niedrigsten-Stand-seit-2010-45409181/

ECB: Who bears the costs of inflation? We have found large average losses, especially when compared to commonly estimated costs of a typical recession. https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2877~698cc193b0.en.pdf?a2f23a2307e8083a3fa1beadb61ad281

ECB: Real estate markets in an environment of high financing costs: Commercial real estate firms, by contrast, have faced more severe challenges in a context of rising financing costs and declining profitability. While banks have smaller exposures to commercial real estate markets, losses in this segment could act as an amplifying factor in the event of a wider shock. https://www.ecb.europa.eu/pub/financial-stability/fsr/special/html/ecb.fsrart202311_02~75cf0710b9.en.html

Risk managers cannot survive on their wits alone anymore: As the oft-used quote says: “There are decades where nothing happens; and there are weeks where decades happen.” Markets, geopolitics, trade and business have been on a fairly even and upward trajectory for some time following the lows of the global financial crisis in 2008. Now, however, we are ... Four emerging areas where applying well-honed risk awareness is no longer sufficient. https://www.bankingriskandregulation.com/risk-managers-cannot-survive-on-their-wits-alone-anymore/

DWS über "ungeliebte" US-Banken: Gegenüber dem Gesamtmarkt dümpelt der US-Bankensektor nahe seinen Rekordtiefs herum. Zu Recht, würden die Experten der DWS Group sagen, denn Aktionäre haben selten Freude mit Banken. https://www.institutional-money.com/news/maerkte/headline/dws-ueber-ungeliebte-us-banken-228740

Our Wall Street Crybabies Want the Fed to Stop QT, they Wag the Drop in Overnight RRPs that’ll Blow up the Banks or Whatever. This crybaby stuff is just funny. So let’s have a look. https://wolfstreet.com/2023/11/19/our-wall-street-crybabies-want-the-fed-to-stop-qt-and-they-wag-the-overnight-rrps-thatll-blow-up-the-banks-or-whatever/

US Leading Indicators Tumble For 19th Straight Month, Worst Streak 'Since Lehman': "Conference Board expects elevated inflation, high interest rates, and contracting consumer spending - due to depleting pandemic saving and mandatory student loan repayments ..." https://www.zerohedge.com/personal-finance/us-leading-indicators-tumble-19th-straight-month-worst-streak-lehman

It’s like déjà vu all over again https://www.linkedin.com/pulse/its-like-d%C3%A9j%C3%A0-vu-all-over-again-progressive-equity-research-ope0e

FSB Financial stability outlook: After more than a decade of low interest rates, the financial system is transitioning to a higher interest rate environment, and this could bring macro-financial vulnerabilities back into focus. Private and public sector debt are at elevated levels in many countries, making the adjustment to higher rates challenging. More fundamentally, the current tightening is occurring in a global financial system where the provision of finance through non-banks has become comparable in size to bank credit. Leverage and liquidity mismatches in non-bank financial intermediation could exacerbate market shocks. https://www.fsb.org/wp-content/uploads/R141123.pdf

Poor euro zone bank valuations seen a drag on credit growth: ECB https://www.nasdaq.com/articles/poor-euro-zone-bank-valuations-seen-a-drag-on-credit-growth:-ecb

Cracks in CRE are widening https://therealdeal.com/national/2023/11/18/week-in-review-for-nov-18-2023/

Office Landlords Can’t Get a Loan Anymore: The office sector’s credit crunch is intensifying. By one measure, it’s now worse than during the 2008-09 global financial crisis. https://www.wsj.com/real-estate/commercial/office-landlords-cant-get-a-loan-anymore-ee8a0b08

BoE: Re-calibrating the role of central bank reserves https://www.bankofengland.co.uk/-/media/boe/files/speech/2023/november/re-calibrating-the-role-central-bank-reserves-speech-by-andrew-hauser.pdf