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Ukraine Just Issued $1 Billion Bonds Backed By The US Taxpayer
The bailout floodgates are open and the US taxpayer is footing the bill once again - whether through IMF loans or more directly. Today saw Ukraine issue $1 Billion 5-Year Notes at a stunningly low risk...
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Credit Mania Update – The Chase for CCC-Rated Bonds
Despite the plethora of talking heads proclaiming credit markets as awesomely supportive of stocks - High-Yield bond spreads are flashing red... But that's not stopping investors piling into the worst...
View ArticleFrontrunning: May 22
McDonald’s Workers Arrested at Protest Near Headquarters (BBG)U.S. Sends Troops to Chad to Hunt for Abducted Nigeria Girls (BBG)BofA Scrapping Market-Making Unit Amid Trading Scrutiny (BBG)Biggest...
View ArticleThe (Other) Truth About The Financial Crisis: 10 "Geithner-Sized" Myths Exposed
Excerpted from Toxic bankers, captive regulators: Everything you think about the housing market is wrong; authored by Jennifer Taub, originally posted at The Salon,After the crisis, many expected that...
View ArticleFrontrunning: May 28
Yellen Concerned by Housing Slowdown She Has Scant Power to Cure (BBG)Because snow in Q1? Citigroup’s CFO Says Trading Revenue Could Slide 25% (BBG)Banks Raise Caution Flag on Trading (WSJ)The answer...
View ArticleFrontrunning: May 29
Snowden: 'no relationship' with Russian government (Reuters)Bond Surge Worldwide Drives Index Yield to One-Year Low (BBG)Shares flirt with record highs on ECB easing bets (Reuters)Goldman Shuns Bonds...
View ArticleFrontrunning: June 2
Unstoppable $100 Trillion Bond Market Renders Models Useless (BBG)Afghan president fumes at prisoner deal made behind his back (Reuters)Spain to Unveil $8.6 Billion Stimulus Package (AP)Obama to Urge...
View ArticleFrontrunning: June 3
At least 74 dead in crashes similar to those GM linked to faulty switches (Reuters)Obama Calls for $1 Billion Europe Security Fund; Will Increase U.S. Military Presence in Eastern Europe (WSJ)Euro...
View ArticleFrontrunning: June 6
Canada Aims to Sell Its Oil Beyond U.S (WSJ)ECB Unanimity May Prove Fleeting (WSJ)Chinese military spending exceeds $145 billion, drones advanced: U.S. (Reuters)France to sell 10 warships to Russia...
View ArticleFrontrunning: June 9
Attorneys Known for Large Civil Settlements Line Up to Sue GM Over Company's Handling of Defective Ignition Switches (WSJ)Pakistani Taliban attack airport in Karachi, 27 dead (Reuters)U.S. Official:...
View ArticleFrontrunning: June 10
Ukraine, Russia Fail to Reach Deal in Natural-Gas Talks (WSJ)Boko Haram Kidnaps More Girls in Nigeria (WSJ)Déjà vu: echoes of pre-crisis world mount (FT)Money market rates hit new low as ECB moves gain...
View ArticleFrontrunning: June 11
World Bank Cuts Global Growth Forecast After ‘Bumpy’ 2014 Start (BBG)Al-Qaeda Offshoot Threatens Iraq Oil Site After Taking Mosul (BBG)Fed Prepares to Keep Record Balance Sheet for Years to Come...
View ArticleFrontrunning: June 13
Tea Party struggles to repeat Cantor-style shock in Tennessee (Reuters)Iran Deploys Forces to Fight al Qaeda-Inspired Militants in Iraq (WSJ)Oil Rallies as Militant Advance in Iraq Threatens Crude...
View ArticleFrontrunning: June 17
Obama to tout manufacturing gains, highlight economic progress (Reuters)Iraq Gunmen Attack North of Baghdad as Obama Weighs Plan (BBG)Chinese Regulators Block Shipping Alliance Abandoned Deal...
View ArticleFrontrunning: June 18
Levin Hearing Ups Volume in High-Frequency Call to Action (BBG)Ukrainian President Fires Central Bank Chief (BBG)Argentina Plans Debt Swap (WSJ)Fed Decision Day Guide From Dot Plots To Exit Strategy...
View ArticleFrontrunning: June 19
Currency Probe Widens as U.S. Said to Target Markups (BBG)Battle for Iraq refinery as U.S. hesitates to strike (Reuters)Ukraine forces battle separatists after truce 'refused' (Reuters)Fed Dots Ignored...
View ArticleFrontrunning: June 24
The Kerry Konfusion Kontinues: Kerry urges Kurds to save Iraq from collapse (Reuters)Abe Unveils Japan’s New Growth Strategy (WSJ)Because the recovery: Avon to Cut 600 Jobs as CEO McCoy Seeks to Trim...
View ArticleFrontrunning: June 25
Obama Administration Widens Export Potential for U.S. Oil (BBG)WTI Pares Gains as U.S. Export Ruling Seen Limited (BBG)Senator Cochran defeats Tea Party rival in Mississippi Republican runoff...
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Putin Fires Warning Shot - Russia May Bar Firms Using Foreign Banks
With the cease-fire on shaky ground in Ukraine, and the ongoing proxy war between the US and Russia growing in intensity (once again ignited in Syria); it seems Putin has fired a significant warning...
View ArticleFederal Regulator Details Crazy Risk-Taking By Banks, Blames Fed
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichterBanks are again taking big risks, the same risks that helped trigger the financial crisis, and they’re understating these...
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