If ‘everyone’ believes interest rates are going back down, then why was US corporate bond issuance up +54% YoY in Q2 and with the high yield/junk end the most active? Seems like corporate treasurers were happy to unload some extra debt to “willing buyers at a fair market price” as Jeremy Irons character ‘John Tuld’ […]
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“When the music stops, in terms of liquidity, things will be complicated,” Chuck Prince (former Citi CEO) said in 2007. “But as long as the music is playing, you’ve got to get up and dance.” . [videopack id=”15651″]https://growthrater.com/gr_web_m1/wp-content/uploads/I-dont-hear-a-thing.mp4[/videopack] UK house prices are up another +10.9% according to the Nationwide and stock […]
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Has Yellen seen the movie Margin Call, I wonder? In it, Jeremy Iron’s classic Wall Street boss (John Tuld) referred to 3 ways of making a living: be first, be smarter, or cheat. Of course in financial markets these are not mutually exclusive options where Governments habitually use their central banks to operate their own […]
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//youtu.be/ag14Ao_xO4c Has Yellen seen the movie Margin Call, I wonder? In it, Jeremy Iron’s classic Wall Street boss (John Tuld) referred to 3 ways of making a living: be first, be smarter, or cheat. Of course in financial markets these are not mutually exclusive options where Governments habitually use their central banks to operate […]
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