Call me cynic, but it’s hard to see this as a good thing: „Junk ETFs Draw Most Cash on Record as High-Yield Hunt Speeds Up” (Bloomberg) Exchange-traded funds for speculative-grade bonds are drawing...
If history is any guide, then the following chart from the 2012 Economic Report of the President suggests that any recovery in housing prices, contrary to what Wall Street is saying, is at least 15 to 30 months...
If recent history is any guide, a notable deceleration in the pace of U.S. retail spending following a period of strong gains signals trouble ahead for the jobs market. As the chart shows, each time that monthly...
In „Grumpy Old Permabear,” I noted that „a growing number of commentators are suggesting that the worst is behind us,” and included (among others) a link to a post by Calculated...
Suddenly, a growing number of commentators are suggesting that the worst is behind us — in housing, employment,manufacturing, the auto sector, the technology industry, and elsewhere in between. Aside from the...
Three recent articles (further) undermine the notion that we’re seeing a light at the end of the tunnel. The first examines the so-called rebound in growth: „Dial 911 If This Story Makes Your Eyes...
Suddenly, global credit markets are looking, shall we say, a tad unsettled… [rentowności.png] I wonder if we’re (finally) beginning to see bond markets pricing in the post-financial-crisis orgy of fiscal...
In a 16-slide gallery feature, „Apocalypse How? Dire 2012 Forecasts,” Bloomberg highlights the perspectives of those with a penchant for telling it like it is. Pessimistic Prognosticators Only the...
In „Are Americans Getting Healthier?” the Wall Street Journal‚s Real Time Economics blog notes an interesting turn of events: Americans might be getting healthier, a development that — if true —...
With all of this going on in the world’s other major economies — China „China Slowdown Spreading, HSBC Services PMI Shows” (Reuters) China’s services sector cooled in November to its weakest...