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With the US raising their debt ceiling, are we in a global bail-out bubble that will eventually burst? This doc offers a fresh insight into the greatest economic crisis of our age: the […]
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter
High-Yield Bond and Loan Funds Hit by “Market Conditions”
The phenomenal Fed-triggered feeding frenzy in stocks on Wednesday and Thursday was paralleled in the junk-bond market. Energy related junk bonds had gotten shredded over the past couple of months, as the price of oil has collapsed. The sell-off started spilling over to non-energy junk bonds. Tuesday, the day before the Fed’s announcement, junk bonds suffered their largest drop […]
Could plunging oil prices ignite a debt crisis?
Howard Marks believes the plunge in oil prices may usher in a new era for investing in distressed debt.
For more than three years, the billionaire investor and Oaktree Capital Group LLC (OAK) co-founder urged his deal makers to be cautious, warning of loose credit standards and high prices for distressed assets. That may change as the price of oil plummets, Marks said in […]
Jeff Nielson joins me Vancouver to look at current events such as the massive attack on the Russian Ruble, the rapid decline in the price of oil, Currency wars and the real possibility of the outbreak of World War III to cover the unstoppable collapse of the dollar and the US Economy.
Jeff Nielson website: www.bullionbullscanada.com
For almost two years, by combining various points of view (speculative, geopolitical, technological, economic, strategic and monetary…), we have continued to anticipate a major crisis in the entire oil sector.Today, no one doubts the fact that we are actually at that point, and the GEAB must therefore anticipate the consequences of this veritable atomic bomb, which has begun to blow up all the old system’s pillars: everything which we […]
“Markets will take the hit before economies get the benefit” of a lower oil price, according to Blackrock
This month’s big fall in the price of oil should be good news for much of the world’s economy. But so far markets have been telling a different story.
The MSCI Europe index has dropped 4% since early December, while the S&P 500 index remains 1% lower over the same period despite a rally […]
1999 was the year before US stock markets collapsed.
Published on Dec 18, 2014
On a day of wild market fluctuations, the rouble, the dollar and the oil price all ended higher, and US stocks had their best day of the year, even as the Federal Reserve prepared the market for rate rises ahead. John Authers asks if they are gearing up to party like it’s 1999.
Click here for more Authers […]
from SGT Report.com:
I caught up with Miles Franklin’s Andy Hoffman today just after he recorded his latest audio blog-cast titled Laughable FOMC Statement Sets New Central Bank Credibility Low Until the SNB One. And Andy has never been more alarmed by what we have witnessed unfolding over just the past two weeks.The global economic system is literally coming apart at the seams.
While talking about this week’s “meaningless” FOMC statement and […]
By Michael Snyder
Getting prepared for the chaos that is coming to America in the years ahead is not that complicated. Help is out there – if you know where to look. And it doesn’t have to be expensive either. In this article, I have put together a list of 122 of the best prepper websites on the Internet that will teach you how to prep for free. The great thing […]
By Michael Snyder
Do you want to know if the stock market is going to crash next year? Just keep an eye on junk bonds. Prior to the horrific collapse of stocks in 2008, high yield debt collapsed first. And as you will see below, high yield debt is starting to crash again. The primary reason for this is the price of oil. The energy sector accounts for approximately 15 to […]
CLICK ON CHART TO ENLARGE
If one likes the idea of buying low and selling higher, junk bonds might come to mind due to how hard they’ve been hit of late! The chart below highlights that an unusual and large performance spread between JNK and the S&P 500. Its not often that these two see a 10% return difference in just 60 days. This differential wasn’t the only thing that got […]
‘We don’t need a war when we can have a currency war‘- guest @sjderrick, Chief Currency Strategist, BNY Mellon
‘We don’t need a war when we can have a currency war’- guest @sjderrick, Chief Currency Strategist, BNY Mellon #Russia #Rouble @CNBC
— Louisa Bojesen (@louisabojesen) December 17, 2014
Currency war hots up as China prepares to bail out Russia
Does Putin & Co have a card up their sleeve amid the huge changes […]
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter
San Francisco is known for its mindboggling booms and breathtaking busts as the hot money from all over the world ebbs and flows amidst startup frenzies and IPO manias.
And now the hot money is flowing. It has created a delirious craziness in the housing market, surrounded by an environment where app makers without revenues but with big dreams and the word “disrupt” in their description are worth […]
AND their analysis didn’t even touch on Shale Oil Projects in the U.S.A. (Because they have too much invested in that).
Enjoy your $2.00 gas while it lasts…
In a stunning analysis this week, Goldman Sachs found almost $1 trillion in investments in future oil projects at risk. They looked at 400 of the world’s largest new oil and gas fields — excluding U.S. shale — and found projects representing $930 billion […]
By Michael Snyder
If you were about to take a final exam, would you have more hope or more fear if you didn’t understand any of the questions and you had not prepared for the test at all? I think that virtually all of us have had dreams where we show up for an exam that we have not studied for. Those dreams can be pretty terrifying. And of course if […]
Either we have some incredibly narrow reporting on the part of UK’s Mail Online, or we are witnessing a spectacular event of how incredibly dense the population of sheep are.
MOSCOW (AP) — Russian consumers flocked to the stores Wednesday, frantically buying a range of big-ticket items to pre-empt the price rises kicked off by the staggering fall in the value of the ruble in recent days.
Russia’s currency has been collapsing 15-20% in […]
Greece might be hit with Cyprus style bail-ins. Euro crisis getting worse. US mortgage applications declined, a sign that real estate is collapsing. Obama signed the 1.1 trillion spending bill. Russia is opening an investigation into the central bank actions. Corporate media polls show that the America people support torture. Police will be scanning social media sites to predict crime. U.S. and Cuba are reestablishing diplomatic relations. U.S. advisers are […]
Russia is in dire straits.
We all know that at this point. The collapse of its currency, the ruble, dominated the news cycle earlier this week. And to be honest, it was hard not to enjoy it.
After all, this is what Vladimir Putin has been asking for.
Despite all of his denials and propaganda, Russia invaded Ukraine and took Crimea.
For months now, Putin has thumbed his nose at the West, scoffing at […]
The Emergency Economic Stabilization Act of 2008 (Division A of Pub.L. 110–343, 122 Stat. 3765, enacted October 3, 2008), commonly referred to as a bailout of the U.S. financial system, is a law enacted in response to the subprime mortgage crisis authorizing the United States Secretary of the Treasury to spend up to $700 billion to purchase distressed assets, especially mortgage-backed securities, and supply cash directly to banks. The funds for purchase of […]
President Obama signed the annual defense policy bill into law Friday, but once again protested the provision that prevents him from closing the prison at Guantanamo Bay, Cuba, where suspected terrorist detainees are held.
He hinted, however, that he may claim constitutional powers to transfer some of the detainees even against Congress’s wishes, saying that if he deems the law “violates constitutional separation of powers principles, my administration will implement them […]
The U.S. Census Bureau projects that net international migration to the United States will become the primary driver of the nation’s population growth between 2027 and 2038.1 This brief examines current population trends among the foreign- and native-born at the county level, and highlights the role that immigrants play in contributing to population growth and slowing population loss. This analysis does not examine the merits of population change, but instead […]
A hair-raising video has emerged that a car full of masked robbers exploding moments after they raided a church in Russia – and witnesses insist they were hit by lightning.
The dash cam footage uploaded by YouTube user World News TV, shows a vehicle speeding along with a police siren sounding in the background.
All of a sudden the car bursts into flames and explodes, sending debris all over […]
U.N. Secretary General Ban Ki-Moon arrived in the Guinean capital Conakry on Saturday on the last day of his tour of west African countries hit by the world’s worst outbreak of Ebola and as death toll because of the disease reaches 7,373.
Agence France-Presse reported that the U.N. chief was greeted at the airport by Guinea’s foreign and health ministers Francois Louceny Fall and Remy Lamah.
Several officials involved in the drive […]
BY JOHN WARD
Here at Sloggers’ Roost, we’ve been asking leaders around the world what would be the most apt material with which to back their currencies, if gold were not available.
Barack Obama: Our nuclear arsenal
Mario Draghi: the Deutschmark
Angela Merkel: Frankfurters
George Osborne: Poppy derivatives
Tony Abbott: Diggers
Vladimir Putin: oil
Antonis Samaras: olive oil
Evangelos Venizelos: lard
Francois Hollande: foie gras
David Cameron: lavatory paper
Ed Miliband: wind
Ed Balls: piss
Viktor Orban: Viktor Orban
Kim Jong-Un: The Military
Jean-Claude Juncker: Meths
by James Quinn
So fire arm violence hasn’t gone up in a decade. Homicides have been declining for a decade and are down 45% since the early 90’s. It seems people are committing suicide at a greater rate to escape this fucked up world. It appears only one segment of American society is primarily responsible for the gun violence in America – black men between the ages of 15 and 35 […]
#Austerity & debt is to transfer all countries to global elites >
http://t.co/QgablKMnBV @RT_com @FrontierFinance
— Sky Wanderer (@glopol_analysis) December 15, 2014
Russian Deputy Foreign Minister Mikhail Bogdanov’s visit to Damascus on Dec. 10-11 drew the attention of many. After the Russian official met with Syrian President Bashar al-Assad, Damascus issued an official statement about the meeting, stating that Assad stressed, “Russia has always stood by the Syrian people and proved that it supports people’s right to self-determination and respects the sovereignty of states and international laws.” Moreover, Assad also said, “Syria […]