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.
Strange Things Are Happening in European Bond Markets by Contributor • Apr 19, 2015 • 11 Comments I can’t even begin to think of all the unintended consequences this will bring about.
How Wall Street Is Exporting Toxic Junk Loan Waste To Japan by Wolf Richter • Apr 17, 2015 • 13 Comments US junk goes in. Plump, yen-denominated, highly rated bonds come out.
Bankruptcies Suddenly Soar Across Corporate America, Worst First Quarter Since 2009 by Wolf Richter • Apr 16, 2015 • 20 Comments Statistical fluke? Hardly.
Fed’s Dudley Warns about Wave of Municipal Bankruptcies by Wolf Richter • Apr 14, 2015 • 17 Comments Risks “more widespread” than implied by bond ratings. Bondholders and public employees beware. The Fed is doing workshops on municipal bankruptcies now.
Keep Pushing Until Something Really BIG Breaks? by Wolf Richter • Apr 9, 2015 • 13 Comments Fed clueless how to unscramble omelet, fears “outsized market reaction.” Other central banks keep adding to omelet. Absurdity reigns.
Wall Street Sells Junk Bonds, CLOs at Record Pace, But Investors Hit by “Dismal” Returns by Wolf Richter • Apr 6, 2015 • 2 Comments Parts of the greatest credit bubble in history are already self-destructing.
“The Mother of All Bubbles” in Stocks and Bonds: Bank CEO by Wolf Richter • Apr 1, 2015 • 1 Comment He must have accidently veered off script during the press conference.
Central Banks Warn: Liquidity May Evaporate When Investors Finally Remove Blindfolds by Wolf Richter • Mar 27, 2015 • 10 Comments They’re worried about bond market mayhem. And the financial system.
