US stocks soared while the Fed was meeting to raise interest rates this week -- though it's not clear why that should be so since monetary tightening isn't generally a good thing for stock prices.
In any event, it didn't last. Over the...
John Rubino
Articles by John Rubino
Ideally, a central bank would like the party to be rocking when it takes away the punch bowl. This party, however, is not cooperating. For every sign of exuberance (high-end real estate bubbles, equity and bond bull markets, job growth)...
With junk bonds finally reverting to their intrinsic value, the question on everyone's mind is "what blows up next?" Here's the first in what might be a long, painful list:
CLOs Hammered as Energy Rout Plays Havoc With Other Markets...
CLOs Hammered as Energy Rout Plays Havoc With Other Markets...
Think of "market internals" as the blood pressure and insulin levels of the financial world. They operate below the surface, frequently unnoticed, but over time they have a big say in the health of the patient.
And right now they're...
And right now they're...
Financial crises can happen quickly, like the bursting of the tech stock bubble in early 2000, or slowly, like the late-1980s junk bond bust. The shape of the crash depends mostly on the asset in question: Equities can plunge literally...
A too-strong currency is, in theory, supposed to make it harder to sell things to cheap-currency countries, thus crimping corporate profits and by implication pretty much everything else.
The US dollar has been rising against the rest...
The US dollar has been rising against the rest...
Bloomberg just cited some stats that validate the average American's sense of being ripped off:
Here's How Much QE Helped Wall Street Steamroll Main Street
Wall Street is counting its winnings from seven years of easy money.
In a...
Here's How Much QE Helped Wall Street Steamroll Main Street
Wall Street is counting its winnings from seven years of easy money.
In a...
The markets seemed to like what the Fed had to say yesterday, including the part about definitely, for sure, no kidding around this time raising interest rates in December. Especially elated were currency traders, who bid the US...
Companies that make, move or peddle real stuff -- think Alcoa, Walmart, Caterpillar -- are having a hard time of it lately, mostly because their products and/or their customers have become commoditized. Aluminum is aluminum wherever it...
Companies like Walmart and McDonalds's have made their investors rich by squeezing costs and holding down prices. But it turns out that low costs means low wages, and as this model spread it contributed to the now-impossible-to-ignore...
Pages
