Quotable
"Back in 1980, the debt of slightly less than a third of U.S. industrial corporations tracked by Standard & Poor's was rated junk. By the late 1980s, more than half were, and now 71% of the pie fits into that category, a record according to a new S&P report."
Wall Street Journal, 1/4/07
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Market Movers
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Commentary
Credit Bubble Bulletin
by Doug Noland | Jul 17
Global reflation was back with a vengeance.
Read moreThe Bear's Lair
by Martin Hutchinson | Jul 20
The mammoth profits reported by Goldman Sachs and the investment banking end of JP Morgan Chase last week surprised markets and demonstrated once again the power of trading operations to earn spectacular returns, for their protagonists and even occasionally for investors.
Read moreFeatured Commentary
by Satyajit Das | Jul 6
Ponzi Prosperity – Built-to-Fail Economic Models
Governments have limited resources to help with the current economic crisis; unfortunately, that’s not stopping them from trying. Their behavior — and the global financial collapse — calls into question social and political models based on growth fueled by high finance.
Read moreGuest Commentary
by Stewart Dougherty | Jul 16
Six Syllables to a Savage Truth
On December 9, 2008, $65 billion of investor money was at peace.
Read more