File under junk-bond potholes: Even as risky debt keeps generally rallying, borrowing costs of specific companies can spike overnight.

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File under junk-bond potholes: Even as risky debt keeps generally rallying, borrowing costs of specific companies can spike overnight. Case in point: Intelsat is seeing its CCC rated bonds plummet, with implied yields on these notes surging to 19.9% from 13.2% last week. pic.twitter.com/sDoqiUNia6 — Lisa Abramowicz (@lisaabramowicz1) November 13, 2019 #Corporate #Profits vs Corporate … Read more

Stocks have already priced in a 2016-style rebound, 5 rate cuts, and a china deal — what could possibly go wrong?

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stocks have already priced in a 2016-style rebound, 5 rate cuts, and a china deal — what could possibly go wrong? — Alastair (@StockBoardAsset) November 13, 2019 World Trade Indexes World trade weakens, with export orders plunging pic.twitter.com/4P2l57NOH2 — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) November 13, 2019 everyone signing trade deals but america pic.twitter.com/WYRvelNBBP — … Read more

The Truth About the Fed’s Rate Cuts (Wait for the Final Frame) New Mike Maloney Video

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by GoldSilver “What is going on with the world economy?” That’s how Mike Maloney begins his new video, which is actually not about the economy, per se, but about currency abuse, interest rate cuts, and a big fat warning about the coming recession. Mike starts with a slide he’s shown before, US currency creation, but he revisits … Read more

This Fed President Thinks Wall Street Banks Should Stop Whining

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via wallstreetonparade: Later this afternoon, Neel Kashkari, the outspoken President of the Federal Reserve Bank of Minneapolis, will deliver the keynote address at a conference on “Wisconsin and the National Economy” at the Madison campus of the University of Wisconsin. Tomorrow, he’ll be taking questions at a Town Hall in the University of Wisconsin’s Student Union … Read more

US Rate Increases Alter Treasury And MBS Hedging

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by confoundedinterest As the US Treasury 10-year yield approaches 2% … again, we begin to worry about issues such as extension risk and convexity risk (collectively known as “The Wings”) given their propensity to drive hedging. Extension Risk Historically, the risk of sudden yield curve movements has greatly affected the market for MBS, which represent … Read more

IEA: Peak Oil Demand Is Less Than A Decade Away

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By Irina Slav Global oil demand will reach its peak in the mid-2020s and plateau around 2030, the International Energy Agency said in its World Energy Outlook for 2019. Until about 2025, the IEA said, global oil demand will expand by about 1 percent annually, exceeding 100 million bpd and reaching 105.4 million bpd. After that growth … Read more

California Nightmare: L.A. homeless man poured bucket of hot feces on woman

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by Dr. Eowyn The nightmare that is California and its failed cities continues to worsen…. Joel Grover and Amy Corral report for NBC4 Los Angeles, November 11, 2019, that attacks by homeless people are increasing in Los Angeles. As many as 9,846 of these crimes were reported in the city by the end of 2018, including a homeless man dumping a bucket … Read more

RECENT FBI RAIDS ON ILLINOIS POLITICIAN A REMINDER OF $9.9B ‘CORRUPTION TAX’

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When federal authorities arrested high-ranking state Rep. Luis Arroyo, D-Chicago, in October for an alleged bribery scheme, it was only the latest in a string of federal indictments served to Illinois politicians this year. Each of them contributed to the state’s hidden economic cost of corruption. The price tag on Illinois political leaders’ transgressions? At … Read more

The Truth About Income Inequality Is That It’s Mostly A Lie: statistics fail to include tax payments on the middle and upper class and entitlement payments to the lower classes.

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THE TRUTH ABOUT INCOME INEQUALITY IS THAT IT’S MOSTLY A LIE: The Census Bureau also fails to count $1.9 trillion in annual public transfer payments to American households. The bureau ignores transfer payments from some 95 federal programs such as Medicare, Medicaid and food stamps, which make up more than 40% of federal spending, along with … Read more

PRIORITIES: San Francisco: Where It’s OK to Crap in the Streets But They Arrest People for Eating on a BART Platform.

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via pjmedia: This week, a video went viral of a man being detained by police on a public transportation platform in San Francisco, Calif., for eating a sandwich. You can see the police officer in the video below insisting that eating is a violation of the California penal code. https://twitter.com/Feisty_FL/status/1193659648072724481 It turns out that while he … Read more

Democrats keep promising big infrastructure improvements and shovel-ready jobs, but they don’t usually deliver much more than traffic jams and bike lanes for the affluent.

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CHRIS BARRON: President Trump Should Call the Democrats’ Infrastructure Bluff. The Democrats have abandoned any pretense of governing in favor of an ‘impeachment-first’ strategy—one that is much more about crass partisan politics than it is about the Constitution or the rule of law. The President is a builder by nature, and he understands infrastructure. A comprehensive … Read more

Alasdair Macleod: THE FED IS STUCK ACCELERATING MONETARY INFLATION

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by Dunagun Kaiser with Alasdair Macleod via Reluctant Preppers Alasdair Macleod, Head of Research at GoldMoney returns to Finance & Liberty to declare that THE FED IS STUCK ACCELERATING MONETARY INFLATION, due to an ACUTE FAILURE OF THE MONETARY SYSTEM. Alasdair also gives us a report on the UK situation on the ground with the Brexit from the EU, and … Read more