John Rubino: Crash Alert: That “Spinning Out Of Control” Feeling
Let’s start with regional and local banks, where two bad things are happening. First, their “safe” bond portfolios have tanked in the past year, embedding paper losses
Let’s start with regional and local banks, where two bad things are happening. First, their “safe” bond portfolios have tanked in the past year, embedding paper losses
Financial history includes plenty of extreme years. That’s not surprising, since we’re emotional beings with short memories. Combine those two traits and you get cycles,
Commentary on America’s overvalued stock market can be found pretty much everywhere these days. These arguments are compelling, and are becoming more so as stocks
It’s one thing to hear someone claim that the world is spinning out of control. But it’s a lot more impactful to see the underlying
Financial crises tend to start at the periphery and work their way into a system’s core. Think subprime mortgages (a tiny little niche of a
Back in the 1990s, critics of the dot-com bubble used to point out that the global economy depended on the US stock market and the
Towards the end of financial bubbles, asset prices behave in ways that can’t be explained with rational/historical metrics. So new ones are invented to make
One of the fascinating things about financial bubbles is how they transform great companies into screaming short sale candidates. Put another way, bear markets tend
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