Silver as an investment

Category Archives: Bond

Brien Lundin: If They Don’t Want You To Own It, You Probably Should

Authored by Adam Taggart via PeakProsperity.com, We're living through the most extraordinary period of monetary manipulation in all of human history. It’s as widespread as it is delusional. One of the most perplexing mysteries to us is that right as the Federal Reserve embarked on QE3 — which was a huge, enormous, $85 billion a […]

Meet Billionaire Kevin Plank: Maryland’s Corporate Welfare King

Via StockBoardAsset.com, A corporate cronyism scandal could be brewing out of Baltimore, Maryland this month involving Billionaire Kevin Plank (CEO of Under Armour). What is alleged per The Baltimore Post are Baltimore County Council members  supporting a ‘conditional grant in an amount up to  $ 2,000,000 to Under Armour, inc from the Maryland Department of Commerce pursuant […]

Bonds, Bullion, Bitcoin, & Black Gold Slump As Dollar Jumps Most In 3 Months

Tepper tells us "we're nowhere near bubble levels in the stock market" – so buy… what's to worry about?   Trannies were top today, Small Caps slammed as Dow, S&P, and Nasdaq trod water… before closing weak… (Boeing and Apple saved The Dow, adding 30 points between them today as HD removed 30)   VIX […]

Does Kim Jong-Un’s Strategy Make Sense?

Authored by Federico Pieraccini via The Strategic Culture Foundation, "Looking at the recent North Korean testing of two intercontinental missiles, it may seem that Pyongyang wishes to increase tensions in the region. A more careful analysis, however, shows how the DPRK is implementing a strategy that will likely succeed in averting a disastrous war on […]

Small Cap Rout Is Flashing Red Flag For US Economy

The post-election small cap bounce in US stocks has now been completely erased as it seems tax-reforms have now been entirely priced-out of markets. However, as BofAML notes, the demise of small cap stocks relative to the broad market augurs badly for forward-looking economic growth… The Russell 2000 is now the worst performing major index […]

Tesla Upsizes Junk Bond Offering After Excess Demand

There’s covenant-lite and then there’s “zero covenant” junk debt, and moments ago Tesla just sold $1.8 billion of the former, upsizing what was previously expected to be a $1.5 billion issue. The deeply junk “B3/B-” rated bond was priced at par to yield 5.25%, with Goldman – who famously slashed its Tesla price target to […]

“You Could See Panic”: PIMCO Joins Gundlach In Loading Up On S&P Puts

In the world of giant bond funds, imitation of trades just may be the sincerest form of flattery. Just two days after DoubleLine’s Jeff Gundlach told Bloomberg and CNBC that he was taking profits in high risk assets, including corporate profits, building a buffer and loading up on VIX as a surge in volatility was […]

Gartman Stakes His Reputation That “The Bull Market Has Come To An End”

If the algos were waiting for just one catalyst to unleash the buy everything, sell VIX program, they may have gotten it moments ago when, following a global rout across markets on yet another day of North Korean nuclear war concerns, Dennis Gartman, staking his “reputation” said that he is “fearful… very… that this wondrous […]

An Insane Bond Market In 4 Charts: “Italian Junk Bonds Yield Less Than US Treasurys”

In our “WTF Chart of the day” from last Friday, we showed something stunning: European junk bonds yields were the same, and in some cases lower, than comparable-maturity 10Y US Treasurys. In other words, the distortion unleashed by Mario Draghi’s CSPP, or corporate bond buying program unveiled last March, has made European junk bonds “safer” […]

The Secret History Of The Banking Crisis

Authored by Adam Tooze via ProspectMagazine.co.uk, Accounts of the financial crisis leave out the story of the secretive deals between banks that kept the show on the road. How long can the system be propped up for? It is a decade since the first tremors of what would become the Great Financial Crisis began to […]