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Olduvai III: Catacylsm
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The Zombie Companies Are Coming

The Zombie Companies Are Coming Easy money is a curse for capitalism. Through the first half of August – which is normally a quiet period for the bond market in the US – a total of $56 billion in junk bonds and leveraged loans were issued by junk-rated companies, according to S&P Global. That was […]

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The Fed’s Visible Hand: Powell Buys $305 Million In ETFs In Two Days

The Fed’s Visible Hand: Powell Buys $305 Million In ETFs In Two Days On Tuesday, the US officially crossed over into some bizarro version of a crony, centrally-planned mandated pricing model that is anything but a market when the Fed started buying corporate bond ETFs for the first time ever. Then, moments ago in its […]

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Bank Of Japan Buys Record Amount Of ETFs, Admits ‘Paper Losses’, Plans Program Expansion

Bank Of Japan Buys Record Amount Of ETFs, Admits ‘Paper Losses’, Plans Program Expansion Having blown over two trillion yen since October in purchasing stocks (ETFs) in the open market to “support Japan’s economy,” markets are rife with speculation the Band of Japan (BoJ) could pledge next week to buy ETFs at a faster pace than […]

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Warren Buffet’s Favorite Stock Market Metric Is Signaling Huge Downside Ahead

Warren Buffet’s Favorite Stock Market Metric Is Signaling Huge Downside Ahead Today – Apple became the first public company worth over $1 trillion dollars. . . Thanks to very low interest rates – the company’s piling on debt and buying their own shares back – shrinking the float. And because of a worldwide rush into mutual […]

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If History Is Any Indication, Junk Bonds And Copper Are Telling Us Exactly Where Stocks Are Heading Next

If History Is Any Indication, Junk Bonds And Copper Are Telling Us Exactly Where Stocks Are Heading Next Yields on the riskiest junk bonds are absolutely soaring and the price of copper just hit a fresh six year low.  To most people, those pieces of financial news are meaningless.  But if you understand history, and […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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