Tagged: bonds

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New Bonds of Steinhoff – Acquirer of Mattress Firm, Sherwood Bedding, etc. – Collapse just after the ECB Bought Them

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “Accounting irregularities” If you’re holding shares or bonds of a company, such as Steinhoff International Holdings — which acquired Mattress Firm Holding in 2016, Sherwood Bedding in 2017, and a...

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Central banks are damned if they raise interest rates and damned if they don’t, largely because their policies have resulted in both risk-taking (i.e. the creation of asset bubbles in stocks, bonds and real estate) and excess levels of debt.

Here’s a summary from the report which succinctly explains the potential debt crisis and how the world’s central banks have painted themselves into a “monetary policy corner”: “Otherwise, over long horizons, failing to constrain...