The fact that the yields on junk bonds have risen by half a percentage point over the past year is significant.
There’s a reason why Icahn is drawing attention to high yielding bonds. He reckons they will catch out retail investors in the next market crash.
There is no new way to go broke. It is always too much debt. This has been the case since the creation of money and credit.
I don’t have to tell you that Australia’s economy has seen better days.
It just happens that climate change could also impact the entire global financial system.
Hackers, algorithms and robots. Get used to hearing these three words. They’re three giant pillars in the relentless march of technology.
The contraction is on and the deflationary forces are gaining the upper hand. Zero interest rates have hastened our journey into the valley of financial death.
If that means driving interest rates down, printing money, bailing out bankers and screwing the taxpayer, then that’s what happens.
I’ll tell you what caused the $50 billion selloff on the Australian Share Market yesterday. Fear. Plain and simple, investor fear.
How long will we be stuck here in no man’s land before markets bottom and rebound? I have done some calculations on the timing of a bottom.