What’s With All The Superweapons?

by John Rubino on November 30, 2015 · 5 comments

Because apparently the world isn’t complex and scary enough, the major powers have decided to unveil a bunch of “superweapons” capable of, um, unique kinds of mayhem: Russia reveals giant nuclear torpedo in state TV ‘leak’ The Kremlin says secret plans for a Russian long-range nuclear torpedo – called “Status-6” – should not have appeared […]


Internal Bleeding, Cheap Tech, And Falling Angels

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 pointing to a heart attack. Let’s start with junk bonds. These are loans to financially […]

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Chinese Debt Snowball Gaining Momentum

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 overnight, while bonds and bank loans can take a while to reach critical mass. China’s […]

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Welcome To The Currency War, Part 20: Corporate Profits Head South, Stock Prices To Follow?

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 of the world for over a year, so let’s see how we’re doing. From today’s Wall Street Journal: […]

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NATO Member Turkey Shoots Down Russian Fighter Jet; Putin Vows Revenge

This is the kind of thing that happens when you put ten different armies, taking orders from at least ten different commanders, in the same theater. Last night a Russian fighter was flying in and out of Turkish airspace and Turkey shot it down. Then local rebels (Syrian Turks) shot the pilots as they parachuted […]

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