by Wolf Richter • • Comments Off on What Happens Next, Now That The 10-year Treasury Yield Hit The Psycho-Sound Barrier Of 3%
Treasuries have been skidding, and the 10-year yield hit the psycho-sound barrier of 3%. What happened last time this phenomenon occurred? Well, yields bounced off and fell – because the mayhem they’d triggered gave the Fed conniptions and caused it to back off.
by Wolf Richter • • Comments Off on When Soaring Margin Debt, Sign of Investor Confidence, Turns Into A Nightmare On Steroids
There have been three mega-crashes in my investing lifetime, and three concurrent peaks in margin debt. In April, margin debt broke the record set in 2007 and has continued to rise. Over the last three months, it has soared 10.9%. Are we there yet?
by Wolf Richter • • Comments Off on No Money, No Problem, Bank of Japandemonium Takes Care Of It
Just before Christmas when no one was supposed to pay attention, Japanese Prime Minister Shinzo Abe and his ministers agreed on a budget for fiscal 2014. It’s a doozy. Instead of slowing down the fiscal fiasco, Abenomics is speeding it up. With an elegant solution.
by Oilprice.com • • Comments Off on Clean Energy Presents “Perfect Storm” for Utilities
A UBS report finds that the declining costs of renewable energy and energy storage are presenting a “perfect storm” for big utilities: They upend centralized electricity generation and put the utility business model in jeopardy.
by Wolf Richter • • Comments Off on Financial Engineering Wildest Since The 2007 Bubble
Financial engineering had a glorious year. Now finally, after five years, the crazy fun is back, and the good thing is: this time, it’s different. This time, the smart money is selling!
by Don Quijones • • Comments Off on Epic Duel In Spain Between The Politically Connected CEO Of A Collapsed Bank And A Judge
By Don Quijones: In most places these days, it’s probably easier to pass a camel through the eye of a needle than it is to pass a corrupt CEO of a failed bank through a wide-open prison gate. But a judge in Spain tried – and it’s costing him dearly.
by Wolf Richter • • Comments Off on This Ends In A “Planned Economy” – Bundesbank President
When Jens Weidmann, President of the emasculated Bundesbank, speaks, central bankers and money printers worldwide stuff wax into their ears. “Caution,” he started out, “the euro crisis is far from over.” Then he committed central-bank heresy.
by Wolf Richter • • Comments Off on The Natural Gas Glut Is, Like, So Over. Price Soars!
Someone must have known something. Natural gas jumped 2% before the Department of Energy released its Weekly Natural Gas Storage Report at 10:30 a.m. Normally, the report sends gas futures gyrating up or down. Today, they gyrated up from the start of trading.
by Wolf Richter • • Comments Off on The Multi-Pronged Mortgage Debacle Next Year (So Long, “Housing Recovery”)
Now part three, after soaring home prices and mortgage rates. It was drowned out by the hullaballoo over the Fed’s taper announcement. It came from Fannie Mae and Freddie Mac. It will drive up mortgage payments even more.
by Oilprice.com • • Comments Off on Smart U.S. Oil Money Is on Rail
US oil production is breaking 20-year records. With the International Energy Agency suggesting the boom won’t last, smart investors are getting behind rail as the delivery tool of choice. Forget the controversial Keystone XL pipeline.
