Category: Stocks / Bonds

US Debt-Servicing Projection Costs Skyrocket: $1.4 Trillion In Interest Payments On Deck
4. 11. 2022 No Responses

US Debt-Servicing Projection Costs Skyrocket: $1.4 Trillion In Interest Payments On Deck

If the current 4.5% average yield curve rate propagates to all $31 trillion worth of debt, we are looking at $1.4 trillion per year just in interest payments. This would be 29% of the 2022 FY total Federal tax receipt....
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Delisting Risk for Chinese Stocks: Regulators Reach Audit Agreement
29. 8. 2022 No Responses

Delisting Risk for Chinese Stocks: Regulators Reach Audit Agreement

The PCAOB said it planned to have inspectors on the ground in China by mid-September, and make a determination in December on whether China was still obstructing access to audit information. In late 2020, the U.S. Holding Foreign Companies Accountable Act be...
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Retail broker Robinhood cutting workforce by 23%
2. 8. 2022 No Responses

Retail broker Robinhood cutting workforce by 23%

Retail broker Robinhood CEO Vlad Tenev said Tuesday in a press release that the broker fintech company will reduce its workforce by approximately 23%. The layoffs will be primarily in operations, marketing and program management. In the release, Tenev blamed...
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ECB Will Buy Italian, Greek Bonds Using Proceeds From German, French Bonds To Avoid Crash
29. 6. 2022 No Responses

ECB Will Buy Italian, Greek Bonds Using Proceeds From German, French Bonds To Avoid Crash

Not that long ago analysts and media joked that the ECB’s cunning “market fragmentation” plan – which became critical after Italian bonds crashed when markets realized that QT is not, in fact, QE and without the ECB backstopping worthle...
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Russia Will Pay Its Foreign Debts in Rubles
24. 6. 2022 No Responses

Russia Will Pay Its Foreign Debts in Rubles

On June 23, Russian President Vladimir Putin signed a decree on the payment of foreign currency debt in rubles. Roughly speaking, transactions will be made through a ruble account at the domestic market rate. Payment of such debt on the...
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ECB Emergency Meeting Creates Emergency
22. 6. 2022 No Responses

ECB Emergency Meeting Creates Emergency

Were it not for the ECB calling an emergency meeting last Thursday, most market participants would not have realized there was an emergency in the bond market. Apparently, the sharp rise in yields on Italian bonds after the ECB stopped buying...
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American Investors Have Lost $20 Trillion Since The Start Of 2022
16. 5. 2022 No Responses

American Investors Have Lost $20 Trillion Since The Start Of 2022

Since the start of the year, the S&P 500 Index is down 18%, the Nasdaq 100 has lost 27% and a Bloomberg index of cryptocurrencies has plunged 48%. That all amounts to “a wealth shock that is set to drag...
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Outgoing Fed Vice Chair Quietly Covered Up Suspicious Trades Made During March 2020 Market Rout
9. 1. 2022 No Responses

Outgoing Fed Vice Chair Quietly Covered Up Suspicious Trades Made During March 2020 Market Rout

Several months have passed since FOMC members Boston Fed President Eric Rosengren and Dallas Fed President Robert Kaplan abandoned their posts following a trading scandal that raised questions about senior Fed officials. Now, Richard Clarida, who is already on...
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Alibaba: Revenue +29% Y/Y, Earnings -38% Y/Y
19. 11. 2021 No Responses

Alibaba: Revenue +29% Y/Y, Earnings -38% Y/Y

Alibaba on Thursday missed revenue and earnings expectations for the September quarter, as slowing economic growth in China weighed on results, adding to regulatory headwinds. Here’s how Alibaba did in its fiscal second-quarter, versus Refinitiv consensus e...
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Two FED Presidents Hit The Alarm Over The Broken Treasury Market
18. 11. 2021 No Responses

Two FED Presidents Hit The Alarm Over The Broken Treasury Market

In the usual post-FOMC meeting jawboning circus, today we had not one but two Fed officials discussing not the topic du jour – Fed policy errors and soaring inflation – but something far more ominous: the broken Treasury market. Just...
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Global Central Banks Have Bought $834mn of Financial Assets Every 60 Minutes
27. 8. 2021 No Responses

Global Central Banks Have Bought $834mn of Financial Assets Every 60 Minutes

While most sellside analysts and strategists are throwing in the towel as the market continues its relentless meltup (one which according to Goldman is becoming increasingly “painful” for the bank’s institutional clients most of whom have ...
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Market Cap Of Money-Losing Companies Surpasses Dot Com Bubble Record
23. 4. 2021 No Responses

Market Cap Of Money-Losing Companies Surpasses Dot Com Bubble Record

In a recent note from SocGen’s Andrew Lapthorne, the cross-asset strategist summarizes the ongoing market insanity delightfully, saying that “there is an increasingly large number of weird and wonderful signs of market excess, from surging crypto c...
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Something Happened on the Way to Monetary Heaven
26. 3. 2021 No Responses

Something Happened on the Way to Monetary Heaven

Something Happened on the Way to Monetary Heaven: Janet Yellen’s Plunge Protection Team Has $142 Billion to Play With. Most Americans are unaware of the existence of the Exchange Stabilization Fund (ESF). Together with the Federal Reserve Bank of New...
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WeWork Losing $3.2 Billion Last Year, In Talks With SPAC
22. 3. 2021 No Responses

WeWork Losing $3.2 Billion Last Year, In Talks With SPAC

The fact that potential investors were even taking meetings with Tel Aviv playboy managed WeWork is a sign of just how few suitable takeover opportunities remain in a market that has been saturated by SPACs (following a decade-plus post-crisis bull...
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Household Portfolios Are Oversized, Unbalanced, & Vulnerable
18. 3. 2021 No Responses

Household Portfolios Are Oversized, Unbalanced, & Vulnerable

Once again, household portfolios are oversized and unbalanced, driven higher by a massive gain in a single asset (equities). Unbalanced portfolios have proven to be vulnerable to abrupt and sharp corrections. Will history repeat? The most significant vulnerabi...
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