World Gone Mad, Part 2: “Perpetual Preferred”
Towards the end of a credit bubble, ideas that might have seemed crazy in more boring times are not just accepted but embraced by investors
Towards the end of a credit bubble, ideas that might have seemed crazy in more boring times are not just accepted but embraced by investors
Deutsche Bank, Commerzbank, the Italian banks…it’s getting ugly across the pond, and the worst is yet to come. Here’s a brief look at the reasons
These are great times for financial assets — and by implication for finance companies that make and sell them, right? Alas, no. Just the opposite.
Two short months ago it was generally expected that US interest rates would rise for the balance of the year — a move made possible
Goldman, Morgan Stanley and IBM release numbers that look, well, depression-like. Housing starts plunge, gold and silver spike, China’s bond market seizes up, and Deutsche
For years now, the easiest way to finesse a debate over whether precious metals markets are manipulated has been to say, “well, if they’re not manipulated
Corporate profitability is one of the canaries in today’s financial coal mine. If companies are making more money each year they tend to hire more
Over the weekend, the following happened: China’s exports and imports fell by 11.2% and 18.8%, respectively, numbers which, for a trading power, are nothing short
So far, each financial crisis in the series that began with the junk bond bubble of 1989 has been noticeably different from its predecessors. New
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