US junk goes in. Plump, yen-denominated, highly rated bonds come out.
Statistical fluke? Hardly.
Risks “more widespread” than implied by bond ratings. Bondholders and public employees beware. The Fed is doing workshops on municipal bankruptcies now.
Fed clueless how to unscramble omelet, fears “outsized market reaction.” Other central banks keep adding to omelet. Absurdity reigns.
Parts of the greatest credit bubble in history are already self-destructing.
He must have accidently veered off script during the press conference.
They’re worried about bond market mayhem. And the financial system.
Wall Street’s promise of “Escape Velocity” becomes a joke.
Kraft shareholders, $12 billion richer, should send a case of Cristal to Janet Yellen.
“Nothing is happening inside the Eurozone that favors growth.”