Very unwelcome clarity on the Eurozone recovery, from investment bank Natixis.
“I don’t think there is much space left to fill.”
Just when oil collapsed, housing stumbled, and layoffs began.
Both sides held a gun to the nation’s head. The gun backfired.
Cashing out of the “Bet on America” might get messy.
It will get much worse.
What ratings agency Fitch and the Bank of Canada had warned about has come to pass.
Southeast worst since Financial Crisis. Atlanta Fed frets: oil bust, dollar?
Last time this happened, the stock market crashed. “Going to be a painful period of time,” said Texas Gov. Rick Perry.
But the oil-price crash was supposed to goose consumer spending.
No respite for the American oil patch and its investors.
Yields spike, damage spreads. Investors try to bail out while they still can.
Among those who’ll get to eat the losses: unsuspecting retail investors.
A desperate feeding frenzy takes its course.
Fed’s wealth effect kicks in: “Mind-blowing” how the luxury market has been “completely on fire.” The rest, well….