Remember the SEC is trying to loosen ABS and private label MBS reporting restrictions; it’s about to get worse.#bonds #investing #investments #stocks #RealEstate
— QuantContrarian🛢⚡️ (@QContrarian) November 5, 2019
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Imagine your pension plan not just buying a single company in a desperate search for yield, but buying a company ALREADY two notches into junk. Pattern Energy has a Moody's Ba3 rating.t.co/JAjCYmHgPf— Brad Huston (@BradHuston) November 6, 2019
Latest Moody's release…t.co/PFT2rQJ8zW
— Brad Huston (@BradHuston) November 6, 2019
WSJ: 47% of Q3 reported pension plan assets were in stocks.
Forbes: Chicago Pensions are now funded at 23%.
With an average annual return of 7.5% needed, the stock market staying propped up really is a national security threat.t.co/oVwW8zHE3B
h/t @grimacemcdonal1
— Brad Huston (@BradHuston) November 5, 2019
Something’s gotta give.
Jobs openings contracted again today.
Clearly suggests a significant slowdown in the economy.
Stocks, on the other hand, remain near all-time highs. pic.twitter.com/2wgBDGRC7y
— Otavio (Tavi) Costa (@TaviCosta) November 5, 2019
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FED PERFORMS OVERNIGHT REPO: $71.043B
PERFORMED 14 DAY OPERATION: $31.1B
TOTAL OPERATIONS TODAY: $102.143B— Brad Huston (@BradHuston) November 5, 2019