Yesterday we closed out the third quarter. And while many were focused on the performance of the Stock Market, which ended the quarter solidly in the black. It was the corporate bond market which really drew my attention.
In both Corporate Investment Grade, and Corporate High Yield Bonds, we're seeing both all time low interest rates, and all time high issuance. Those Corporate High Yield Bonds are especially interesting in that these are the bonds for the least credit worthy companies. And in just 9 months companies have sold $330 billion worth of these bonds. That's more Hy Yield than has ever been sold in a full year, and we have 3 more months to go.
There seems to be no limit to the number of bonds that American Corporations want to issue.
And it's changing our entire capital markets.
Deflation, its a word that will send a shiver up any Economist's Spine.
Last night, Japan revealed that prices, at the consumer level, had fallen 1.2% in the month of December. Let's look …
It was something that we, as a nation, have been doing every 4 years, for over two centuries now: inaugurate a new President. We've done it in war and peace, boom times and depressions. But …
The Big Four American Banks: Wells Fargo, Citigroup, Bank of America, and JP Morgan Chase, are the beating heart of this country's financial system.
They are the primary instruments through …
While the rest of the world was preoccupied by the happenings in Washington this weekend, the Peoples Republic of China put up some economic numbers that were simply stunning, and …
America's Vision of Globalism goes back at least a hundred years to the Presidency of Woodrow Wilson, and his League of Nations. An effort to bring peace to the world after the destruction …
The action this week by Big Tech, Google, Twitter, Facebook, Amazon and the rest, have created the best environment for startups in a generation. Empowered their competition. And likely …
You can listen to episodes right here on the website, or if you prefer, in a podcast app. Listening in an app makes it easier to keep track of what you’ve already heard, listen without using your data plan and many other conveniences.