So is today's stock market rally fading into the European Summit this weekend? It sure looks that way to me. I'm watching the forex markets all day (kind of a habit... like breathing) and seeing a nice robust risk on pattern pretty much all morning - with a sprinkle of CHF risk off mixed...
Today’s economic uncertainty leaves us wondering whether we need to know how to beat inflation or deflation. Prudence (and economic conditions) suggest that it is in our best interest to learn ways to defeat both scenarios. While some solutions are mutually exclusive, other potential activities we engage in regardless of whether we care about...
Some thoughts on oil prices and the economy. Today we are watching the extension of a market melt down across risky asset items, something we had seen coming in part as a result of the end of the Fed POMO schedule. It honestly took a few more days than I thought it would to...
In yesterday’s FED POMO 2011 Schedule post, we talked about the slow wind-down of the QE2 program. Given the volume of US Dollars which have already been stuffed into the economy via the other FED monetization programs and MBS purchases we discussed the idea that this latest round of dollar easing amounts to pushing...
I am wondering if the US Exports of inflation pressures will finally end. While the rest of the world (particularly China) has made their money over the last several decades by exporting goods and services to the US, the US has effectively absorbed those goods based on our own prosperity and wealth. Under most...
In this economy equities markets lately are ultimately much ado about nothing. There are so many well known negative market influences these days it’s really painful to watch CNBC and other financial programs try to bloat what little positive news exists. In reality there is no positive news… there is only news (that if...
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High Yield Investing in a World of Default
High yield investing exists principally because of default risk. That isn’t any great surprise to people who have been around long enough to know what a bond is. The credit rating of the average joe or company is based on a number of factors, not the least of which is total amount of debt...
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