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.
US Economy Heads Toward Zero Growth in Q1 by Wolf Richter • Mar 25, 2015 • 11 Comments Wall Street’s promise of “Escape Velocity” becomes a joke.
Ketchup & Mac Merger Emblematic of “Fatally Deformed American Capitalism” by David Stockman • Mar 25, 2015 • 4 Comments Kraft shareholders, $12 billion richer, should send a case of Cristal to Janet Yellen.
Surprise Attack: French Megabank Slams Draghi’s Currency War by Wolf Richter • Mar 24, 2015 • 3 Comments “Nothing is happening inside the Eurozone that favors growth.”
