China And Fracking: The Pillars Of “The Recovery” Are Crumbling
When historians sort out this era of once-a-decade financial bubbles, they’ll marvel at how dissimilar the drivers of each boom were. The junk bonds of
When historians sort out this era of once-a-decade financial bubbles, they’ll marvel at how dissimilar the drivers of each boom were. The junk bonds of
How do you make money in a world where history is meaningless? The answer, for a growing number of big fund managers, is that you
For a while there, companies deemed to be highly risky were nonetheless able to borrow money for less than 6%. And borrow they did. Frackers,
By now everyone knows the corporate share repurchase story, about how major companies are engineering higher per-share profits and share prices by buying back their
The Dow and S&P 500 have fallen by around 10% since August, which in normal times would be hardly worth mentioning. But below the surface,
Intel is buying chip maker Altera. Charter is buying Time Warner Cable. All the big drug makers are buying all the mediums-sized ones. Great news,
A recent Goldman Sachs report explains where this year’s stock market profits (should there be any) will come from: Buybacks and Dividends All That’s Left
Six years into a recovery, stocks at record levels, high-end real estate in the stratosphere and debt levels soaring in virtually every public and private
One of the surest signs that a bubble is about to burst is junk bonds behaving like respectable paper. That is, their yields drop to
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