The Fed announced today that it will buy junk bonds. This exceeds its legal authority. Supposedly, it’s temporary. Under guise of virus support, the Fed Will Buy Junk Bonds, Lend to States to the tune of […]
August 13, 2016 | Author Pater Tenebrarum Insanity Rules Bond markets are certainly displaying a lot of enthusiasm at the moment – and it doesn’t matter which bonds one looks at, as the famous “hunt […]
In the sound money community it’s generally understood that abandoning the last vestige of the gold standard in 1971 gave major countries effectively-unlimited credit cards – which corrupted them irredeemably. Now – with government bonds […]
Posted on 15th February 2016 by Administrator in Economy It is now self-evident to any sentient being (excludes CNBC shills, Wall Street shyster economists, and Keynesian loving politicians) the mountainous level of unpayable global debt […]
by John Rubino It seems that at least some OPEC members are starting to panic: War of words breaks out among OPEC members (CNN Money) – Is the pain of low oil prices becoming unbearable […]
By Michael Snyder Just within the past few days, three major high yield funds have completely imploded, and panic is spreading rapidly on Wall Street. Funds run by Third Avenue Management and Stone Lion Capital […]
by Wolf Richter The toxic miasma of “distressed debt.” It’s getting tougher out there for our QE and ZIRP-coddled corporate junk-bond heroes. Unisys, whose revenues and profits decline year after year and whose stock dropped […]
by James Kunstler There is a special species of idiot at large in the financial media space who believe absolutely in the desperate and tragic public relations bullshit that this society churns out to convince […]
By Michael Snyder There has only been one other time in history when the price of oil has crashed by more than 40 dollars in less than 6 months. The last time this happened was during […]
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