At the start of the month, we highlighted that the “incredibly shrinking junk bond spread” had just passed a historic landmark, when the Bloomberg Barclays U.S. Corporate High Yield index broke below the lowest spread since before the financial crisis, dipping to 309bps, the tightest level since late 2007. The key reason for this relentless […]
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Authored by Lance Roberts via RealInvestmentAdvice.com, The FIRE (Financial Independence Retire Early) Movement is literally on “fire” after Suze Orman recently suggested that one would need $5 million if they wanted to retire early. “You need at least $5 million, or $6 million. … Really, you might need $10 million,” she said — short of that, it’s just not going to […]
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Authored by Charles Hugh Smith via OfTwoMinds blog, The key here is the gains generated by owning US-denominated assets as the USD appreciates. Is the Greatest Bull Market Ever finally ending? One straightforward approach to is to follow the money, i.e. global capital flows: assets that attract positive global capital flows will continue rising if demand for […]
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EU negotiators (not to mention international investors) are finally being forced to reckon with the reality that the Gordian knot of conflicting interests that UK Prime Minister Theresa May must balance to secure a Brexit treaty with the EU might be an impossible task, and, already weary of wasting their time in fruitless negotiations when […]
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Blain’s Morning Porridge, Submitted by Bill Blain “If you waste time to get people to love you, you’ll end up the most popular dead man in town.” In the Headlights : Saudi Arabia: Global condemnation mounts (must be serious if even the French pull out of The Conference), and secondary effects – see Softbank going […]
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As another “migrant caravan” has swelled to more than 4,000 hopeful “asylum seekers” marching toward the US’s southern border, recently prompting the Mexican government to dispatch 500 additional border guards to its border with Guatemala, President Trump threatened to send in the military and close the US’s southern border with Mexico in a tweet Thursday […]
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The Treasury’s latest semiannual FX report may have spared China the designation of currency manipulator (for now… in a new twist, there was a section dedicated exclusively to China in the Executive Summary, a clear signal from the Treasury that China is the disproportionate focus of the report stating that ‘it is is clear that […]
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With the euro weakening against the Swiss franc (recently trading at session lows of 1.14) and Italian stocks and bonds tumbling once again on reports that the European Commission is planning to reject the Italian draft budget plan submitted earlier this week – a repudiation of Italy’s populist leaders that was widely anticipated – the […]
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Authored by Finian Cunningham via The Strategic Culture Foundation, Two disappearances, and two very different responses from Western governments, which illustrates their rank hypocrisy. When former Russian spy Sergei Skripal went missing in England earlier this year, there was almost immediate punitive action by the British government and its NATO allies against Moscow. By contrast, […]
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A “high-profile” Ukrainian fugitive who faked his own death was discovered hiding out in a 12th-century French feudal castle known as Château de La Rochepot, living like a king, according to Bloomberg. The man allegedly forged death certificates to evade authorities following an anti-corruption crackdown in which he stands accused of stealing 12 million euros from […]
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