Financial Mania Strikes Back by David Stockman • Apr 24, 2015 • 5 Comments Amazon reports loss, stock jumps15%, market cap jumps $25 billion. Party on.
This Is What’s Happening in Junk Bonds, and It’s Not Pretty by Wolf Richter • Apr 23, 2015 • 3 Comments Junk bonds in “extreme overvaluation,” covenant quality drops to record low, old money getting whacked as new money pours in.
The EU’s Five Worst Unemployment-Fiasco Regions? by Don Quijones • Apr 23, 2015 • Comments Off on The EU’s Five Worst Unemployment-Fiasco Regions? You’ll be surprised!
The Greek People Just Destroyed Syriza’s Strategy by Wolf Richter • Apr 22, 2015 • 31 Comments They love their euros.
Tony Blair, a Walking, Talking, Grinning Conflict of Interest by Don Quijones • Apr 22, 2015 • 8 Comments Money, Oil, Minerals & Shady Deals.
Oil Prices Won’t Recover Anytime Soon – Exxon CEO by Nick Cunningham • Apr 22, 2015 • 4 Comments There’s mounting evidence oil might rebound. But what if the bust isn’t over yet?
Central Bank Governor Veers Off Script, Sees “Illusion of Liquidity” & “Asset Bubbles,” Dreads Crash by Wolf Richter • Apr 22, 2015 • 9 Comments And he offers an insanely good chart of the Hot Money.
The World’s Financial System Is Going Nuts by David Stockman • Apr 21, 2015 • 7 Comments Central banks have succeeded in generating a planet-wide mania.
F35, The Jet That Ate the Pentagon by Wolf Richter • Apr 21, 2015 • 10 Comments $1.5 trillion, but… “We don’t know where all the money is going” (brief bone-chilling video with cool footage of the thing flying, landing vertically, etc.).
Shanghai Containerized Freight Index Collapses: China-US Rates Hit Hard, China-Europe Rates Plunge to All-Time Low by Wolf Richter • Apr 20, 2015 • 6 Comments “Rates in many Asia export trades are in a tailspin.” And here’s why.