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 […]
Buffalo , NY– While killer cops get sent on paid vacations, it’s hard to imagine what one has to do to actually be fired. It turns out, the answer is be a good cop.
Former Buffalo Police Officer, Cariol Horne is fighting for her pension since she was fired after 19 years on the force, over an incident in 2006 when she stopped a fellow officer from choking a handcuffed suspect.
North Korea ‘bred spies using former US soldiers’
An American army sergeant who spent 40 years in North Korea has revealed that the Stalinist state operated a programme to breed spies who could pass themselves off as Westerners.
As a part of a plea-bargain with the American military, who want him court-martialled on desertion charges, Charles Jenkins has made the extraordinary claim that other former American soldiers living in North Korea were […]
Privacy’s future appears muddy at best, judging from a survey released Thursday by the Pew Research Center and Elon University’s Imagining the Internet Center.
More than 2,500 Internet experts and analysts were narrowly divided on whether policy makers and technology innovators would create a secure, popularly accepted and trusted privacy-rights infrastructure by 2025.
Fifty-five percent didn’t believe a structure to protect privacy would be in place; 45 percent believed such a […]
A New Jersey man with paralyzed arms remains in jail more than four months after receiving a gun possession charge despite a lack of evidence and logic.
The man, 28-year-old Marcus Hubbard, was arrested with three other men last August after police found a stolen firearm in the group’s vehicle.
Despite all passengers stating that the firearm was not Hubbard’s, police opted to charge the entire group with “constructive possession” after no […]
Former airline boss and famous French author Marc Dugain argued Thursday that there had been a cover-up in the disappearance of Malaysia Airlines flight MH370, speculating that the passenger jet could have been hacked and then shot down by the US.
Dugain, a well-respected French author, argues that the Boeing 777 carrying 239 people crashed near Diego Garcia, a British island in the middle of the Indian Ocean used as a […]
Obama Knew Drone Strikes Were Counter-Productive, But Did It Anyway
Previously-leaked documents showed that the CIA warned Obama that funding rebels doesn’t work … but Obama decided to fund the Syrian rebels anyway for cynical political gain.
Top CIA officers say that drone strikes increase terrorism (and see this). Indeed, virtually all aspects of the American “war on terror” strategy creates more terrorists and weakens our national security. And see this.
Now, a […]
[Appearing on “Late Show” with David Letterman in 2013, First Lady Michelle Obama also told the story of how a woman once asked her for help getting something off a shelf. It’s the same story she told in a recent interview with People magazine, in which she seemingly suggested race played a role in the woman’s solicitation of her assistance.
This could be interesting. Archeologists are stating that a burial ground in Egypt holds a million bodies. The small child is an 18 month old found, with two bracelets.
Whole families are buried together. Could this be mass genocide?
The CNN link has more imagines.
A listener called into Glenn Beck’s radio program Thursday with an incredible story that contradicts First Lady Michelle Obama’s example of racism at Target. The caller said her sister was the person who asked the first lady to help her reach something, and the shocker is the woman allegedly voted for President Barack Obama — twice.
For those not familiar with the story, the first lady took a trip to Target in 2011. […]