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Making Corporate Debt Zombies Great Again, Part 2
As we indicated in Part 1, the Fed’s corporate bond buying program is a dream come true for Wall Street speculators. After years of learning
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Making Corporate Debt Zombies Great Again, Part 2
As we indicated in Part 1, the Fed’s corporate bond buying program is a dream come true for Wall Street speculators. After years of learning
The Fed’s Swell New Mission: Making Corporate Debt Zombies Great Again, Part 1
It doesn’t get more ridiculous than the Fed’s secondary market corporate credit facility (SMCCF). The facility is managed by BlackRock and “equitized” (viz. partly funded
“V” Is For Virus Patrol And The Coming Crash Of The Best Stock Market Quarter In 20 Years
The first paragraph of today’s lead WSJ story basically told you to stop reading.
Orange Man Bad
As the Impeachment Farce neared its pathetic denouement, an optimist might have expected that the virulent Trump Derangement Syndrome infecting the MSM, the Dems and
Covid-19 Update: Burn-Out, Not Breakout
As the Impeachment Farce neared its pathetic denouement, an optimist might have expected that the virulent Trump Derangement Syndrome infecting the MSM, the Dems and
A Coast-To-Coast Soup Line That Even Includes The Dearly Departed
The trouble with the Leviathan State is not merely that its very purposes are inimical to liberty and prosperity. It is also a magnet for
Contrarian Reads
Ooooops! $5 Trillion Wiped Out From World Stocks Amid Fastest Collapse In History
The Dow Jones just saw its fastest collapse from an all-time peak since 1928, just ahead of The Great Depression.
Europe’s Central Bankers—Keep On Denying Their Lying Eyes
It would have been hard to, but it’s not beyond the capacities of central bankers to deny their lying eyes. In fact, it seems the
Our Triple-C Rated Economy: Complacency, Contradictions, And Corona
Consider the virus is now spreading rapidly to other suppliers of U.S. goods and services such as Korea, Japan, and Italy. What might not be
It’s The Virus, Stupid!
Of course it’s lovely that at the very moment China – falsely- claims to be regaining control, markets worldwide sink into a deep well and
Things Are Cratering
The second to crater was global bond yields. In this case, 10-year US Treasuries hit a low of under 1.36%, although we are back up
Supply Chain Disruption Escalates: Proctor And Gamble Says Over 17,000 Products Potentially Impacted By Coronavirus
Proctor and Gamble, one of the world’s biggest “everyday product” manufacturers, has now officially warned that 17,600 of its products could be affected and disrupted