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 […]
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 […]
Immigration into the United States will continue at a historic pace for the next several decades, bringing the total number of foreign-born citizens to 78 million by 2060, according to the Census Bureau.
In a new series of new projections released this month, the Census said that the growth of immigrants in the United States will surge 81 percent from the current 43 million.
North Korea has offered to hold a joint inquiry with the United States into a cyber-attack on Sony Pictures, strongly denying US claims that it is behind it.
The North’s foreign ministry accused the US government of “spreading groundless allegations” and said a probe would refute the allegations.
The attack and subsequent threats against cinemas led Sony to cancel the release of The Interview, a satire.
The plot includes plans to […]
Flu season is picking up steam just in time to ruin a lot of people’s holidays. The U.S. Centers for Disease Control and Prevention reports widespread flu activity in 29 states, primarily in the South and Midwest. That’s twice as many states as the previous week.
Most of the patients who have been hospitalized with severe cases of the flu are either very young or the very old. In recent days […]
Curiosity Detects Mysterious Methane Spikes on Mars
“A gas strongly associated with life on Earth has been detected again in the Martian atmosphere, opening a new chapter in a decade-old mystery about the on-again, off-again appearance of methane on Mars.”
What Will Curiosity Come Up With Next?
“NASA’s Mars rover Curiosity’s discovery of organic compounds in the ground and plumes of methane in the air opens two potentially related investigations into whether […]
After 50 years of hostility, the U.S. and Cuba have made a historic deal to mend diplomatic relations. TestTube’s UnCovered gives us a glimpse at what this means for the future of these nations.
Obama’s Historic US-Cuba Deal: What You Need to Know
What Do Improved US-Cuba Relations Mean for the Average American?
Here’s What The Cuba Deal Could Mean For The US Base At Guantanamo Bay
Why Does The U.S. Love […]
Welfare Bums And Other Leeches Think Uncle Sam Is Santa Claus
Should Obesity Be A Disability? “HELL TO THE NO”, If You are fat that is on you.
Gold & currency expert Alasdair Macleod joined The Doc & Eric Dubin this week for an EXPLOSIVE show discussing:
1. End game to Russian Ruble collapse: Putin may take the Ruble onto the GOLD STANDARD- if Russia detonates this Nuclear Financial Weapon, the West is DEAD!
2. Macleod: ABSOLUTELY NO GOLD STOCK IN THE MARKET SUB $1200!
3. Did the US/Saudi Arabia plan the oil crash to collapse Russia & the Ruble? -Putin’s […]
by Lance Roberts
“Twas the week before Christmas, when all through markets
Not a trader was stirring, because they already left for the Hamptons.
Which left the “inmates running the asylum” with very little care
As everyone hoped a ‘Santa Claus Rally’ would soon be there.”
Yes, it is that magical week leading up to Christmas and the subsequent low volume push into the new year. For individuals, it is “magic time” as hopes are high […]
Corpus Christi has boomed thanks to oil. If drilling halts, “we’re going to stop growing." http://t.co/4G7pOT3bHz pic.twitter.com/H4nkBQnwP9
— Nick Timiraos (@NickTimiraos) December 19, 2014
Baker Hughes US oil rig count drops to 1875 from 1893 http://t.co/OvqvPj7HUf pic.twitter.com/wHOfeUxC6i
— ForexLive (@ForexLive) December 19, 2014