Despite ceaseless hype, Corporate America is sinking into somber reality.
They’re worried about bond market mayhem. And the financial system.
Kraft shareholders, $12 billion richer, should send a case of Cristal to Janet Yellen.
This is just the beginning, a new trend that’ll turn into the next craze.
The chilling thing Corporate America is saying about the bond market.
Now the spigot is getting turned off.
Toxic? Hey, these structured securities are triple-A rated by S&P.
OK I get it, this is the Fed’s America. But what if it comes unglued?
Of the 2.8 million interest-only mortgages in Britain, an estimated 1.3 million are ticking time bombs. And bankers have a special deal for them!
And HSBC still operates with full UK-government-sanctioned impunity.