Blog | Dunham

Dunham Deep Dive 4/25/2025

The Buffett Indicator Dips, the $26T Foreign IOU, and Japan's Anemic Consumer

The Buffett Indicator's 13.5% drop, America's record $26T net debt to the world, and Japan's weakening demand show deeper cracks forming beneath th...

Dunham Deep Dive 4/17/2025

OPEC Throws In The Towel, China’s Trade Trap, and Japan’s Population Crisis

OPEC shocks markets with a surprise oil supply surge, China’s economy leans dangerously on exports, and Japan faces a record demographic decline. E...

Dunham Deep Dive 4/4/2025

U.S. Trade War Kicks Off, Auto Loan Problems, and Investors Turning Bearish At Shocking Levels

U.S. import dependency hits 70-year highs, auto loan delinquencies spike to levels not seen since 2008, and investor sentiment turns sharply bearis...

Dunham Deep Dive 3/21/2025

Government Jobs Have Surged, Consumer Credit is Deteriorating, and Global Uncertainty Explodes

Government hiring has quietly driven job growth—but may now reverse. Meanwhile, credit access is tightening as consumer stress rises. And global un...

Dunham Deep Dive 3/7/2025

GDPNow Tumbles Fast, Credit Scores at Risk, and Germany Brings Stimulus

The Atlanta Fed’s GDPNow forecast nosedived from +4.0% to -2.4%, student loan delinquencies threaten a 129-point credit score drop, and Germany piv...

Dunham Deep Dive 2/28/2025

Narrowing Job Growth, Consumer Spending Risks, and OPEC’s Dilemma

U.S. job growth is concentrated in a few sectors, heightening economic risks. The top 10% now drive nearly half of consumer spending, exposing vuln...

Dunham Deep Dive 2/21/2025

China's Luxury Slump, Housing Affordability Crisis, and Germany’s Political Shift

China’s luxury boom is fading fast, U.S. homeownership is slipping further out of reach, and Germany faces a political shake-up as the far-right su...

Dunham Deep Dive 2/7/2025

Buffet Indicator Flashing, China’s Trade Dilemma, and Easing Liquidity

The Buffett Indicator has surged past 200%, signaling a potential market bubble. Meanwhile, new U.S. tariffs on China could strain its already frag...

Dunham Deep Dive 1/31/2025

AI Shake-Up, "Eggflation", and the Market’s Hidden Leverage Bet

AI faces a reckoning as China’s DeepSeek disrupts the market, forcing price cuts and reshaping competition. Meanwhile, egg prices soar amid an avia...

Dunham Deep Dive 1/17/2025

Slower Inflation Hopes, A Shipping Slump, and A Population Surge - Key Trends to Watch

December’s inflation slowdown lifted markets, but rising oil prices & money supply could keep pressures high. The Cass Freight Index signals weakne...

Dunham Deep Dive 1/10/2025

Trillion-Dollar Climate Liabilities, Corporate Bankruptcies, and China's Economic Slump

Climate risks push home insurance costs up 55% since 2019, with $1T in state liabilities. Corporate bankruptcies hit a 14-year high, yet tight bond...