Everything Bubble

Stocks: “Drastic Correlation Between Printing and Pumping” – And What It means When The Printing Ends

by Wolf Richter •  • Comments Off on Stocks: “Drastic Correlation Between Printing and Pumping” – And What It means When The Printing Ends

The Fed’s taper “may not be smooth,” explained Bank of England deputy governor Charles Bean at the central-banker shindig in Jackson Hole. He was referring to the currencies, bonds, and stocks of emerging-market economies such as Brazil, Indonesia, and India that have gotten massacred.

Fed: We Can Avoid A Crash At The End Of QE If Everybody Believes That Everybody Believes In A Mirage….

by Wolf Richter •  • Comments Off on Fed: We Can Avoid A Crash At The End Of QE If Everybody Believes That Everybody Believes In A Mirage….

What rabble-rousers, economists (those banished from the mainstream media), and bloggers have hammered on for years, a study by the San Francisco Fed finally confesses: Quantitative Easing didn’t do a heck of a lot of good for the real economy. The timing of the study is impeccable: the nearing end of QE – and the market mayhem it might cause.

Trouble In Junk Bond Lala-Land

by Wolf Richter •  • Comments Off on Trouble In Junk Bond Lala-Land

Private Equity firms have seen this coming for months. They’re positioning themselves for it. In April, Leon Black, CEO of Apollo Global Management, explained it this way to an incredulous world: “We’re selling everything that’s not nailed down.” Now they’re setting records – but someone will end up holding the bag.