Wake up, America! We’re on the brink of a financial meltdown.
Got your attention yet?
That’s the outlook for supporters of the soon-to-be released documentary entitled: I.O.U.S.A.: One Nation. Under Stress. In Debt., which centers on the shape and impact of the United States national debt.
As described on their website, this documentary boldly examines the rapidly growing [...]
Category Archives: Bond Market
I.O.U.S.A. the Movie
One-Year T-Bill Auction
With all of the economic data due this week that could affect the direction of stock market, we tend to forget about issues involving the bond market.
Tuesday marks the debut return of the One-Year T-Bills (pdf). The degree of success the Fed has in selling these new issues will determine the fate of all the [...]
Fed Bailout Consequences
Speaking of Warren Buffett..
According to the Reuter’s article “Buffett says Fed avoided chaos in Bear bailout”, WB is to have said:
“I think the Fed did the right thing in stepping in on Bear Stearns,” Buffett said at the annual meeting of his Berkshire Hathaway, Inc. insurance and investment company. “Just imagine the thousands of counterparties [...]
Does History Repeat Itself?
As so poignantly written yesterday by Andrew Leonard on Salon.com:
The word of the day on Wall Street is “deleveraging.” The simplest way to explain the concept is with an old bromide: What goes up, must come down. If you borrow a lot of money to make big bets in the market when times are good [...]
Jim Dandy to the Rescue
If there was any really positive news today to justify the Dow and S&P 500 gains, it escaped me. It looks as though today’s gains were attributed to Warren Buffett’s “rebuffed” offer to bail out bond insurers Ambac Financial Group Inc., MBIA Inc. and Financial Guaranty Insurance Co. But, can this be considered good news [...]
Junk Bonds as Market Indicator
I’ve been in a 100% cash position with my retirement portfolio for a while now and I’ve been asked a “couple” of times (I don’t get a lot of readership), how will I know when it’s time to “get back in”?
Of course, I don’t have the precise answer people are looking for, or even [...]