Archive - Dec 14, 2015
Why Stocks Have So Far Ignored The Carnage In Credit: Goldman's Five Reasons
Submitted by Tyler Durden on 12/14/2015 07:22 -0500Despite the decline in stock valuations, US equities have performed far better than credit, causing investors to ask us, “What does the credit market see that the equity market does not?” Credit markets are reacting to a real deterioration in corporate balance sheets that the equity market has yet to digest. High yield (HY) credit spreads have widened dramatically since June and are currently in territory typical of recessionary environments. In contrast, the S&P 500 is just 6% below its all time high of 2131 reached in May of this year. Here are five observations...
Futures Resume Slide After Oil Tumbles Below $35, Natgas At 13 Year Low; EM, Junk Bond Turmoil Accelerates
Submitted by Tyler Durden on 12/14/2015 06:51 -0500- Across the Curve
- Australia
- Barclays
- Bear Stearns
- Bond
- China
- Copper
- Crude
- Crude Oil
- default
- Deutsche Bank
- Equity Markets
- fixed
- Foreclosures
- Global Economy
- High Yield
- Iran
- Japan
- Jim Reid
- Lehman
- Monetary Policy
- Nat Gas
- Natural Gas
- Nikkei
- OPEC
- Precious Metals
- RANSquawk
- RBS
- Recession
- recovery
- Renminbi
- Yuan
- Zurich
With just 72 hours to go until Yellen decides to soak up to $800 billion in liquidity, suddenly we have China and the Emerging Market fracturing, commodities plunging, and junk bonds everywhere desperate to avoid being the next to liquidate.
Fractional-Reserve Banking is Pure Fraud, Part IV
Submitted by Sprott Money on 12/14/2015 05:58 -0500At this point, many readers may be thinking to themselves that it can’t get any worse.
