Traders got even more nervous on Friday, after having been twitchy all Thursday, and they alleviated this condition by dumping government bonds.
What are they seeing from their perch that we don’t?
Stalled Economy Performs Wealth Miracle, reports the Fed.
Don’t Trust the low Unemployment Rate for the Answer!
Demand-driven price rallies are more sustainable, but that’s not what we have today.
It’s not just the oil bust.
The financialization of rents.
And it’s now hitting home.
The bond market is already doing the math.
It’s about gold and a gold mining company, at a time when gold has become one of the most hated investments out there.
Teetering Eurozone banks exposed to flying shrapnel.
Though it cannibalizes the rest of the economy.
Banks cannot be allowed, at any cost, to suffer the consequences of their own chronic mismanagement, or worse.
“Entire Swaths of our neighborhood are covered with For-Sale signs”: photos by our boots-on-the-ground Angela Johnson.
And the spike in mortgage rates will come in handy.
Now in San Francisco, New York, Boston, Chicago, Washington DC, and perhaps a city near you.
Six million Americans are 90-plus days delinquent.
Short-sellers have a field day with Spain’s “Most Italian Bank.”
Is “ugly” the right word?
In turn, households get a feel-good illusion.
The “Trump Effect?”
Fearing of “a large-scale crisis” in foreign currency debt.
OECD frets about Canada’s House Price Bubble and its consequences.
Back to the Retail Quagmire. Gloom for brick-and-mortar stores.
The fear of further yuan devaluation.
Big Trouble in Emerging Markets.
They no longer shop till they drop.
Big Pharma made $3.49 billion in disclosed payments to doctors, teaching hospitals, and others. Americans pay the price.
“Worse than the one following the Global Financial Crisis.”
The beating resumed today and will continue until the mood improves.