Monthly Archives: August 2014

Are Your Investment Decisions Catastrophically Mis-informed?

“My point is that manipulating markets strips markets of price discovery of assets and risk and the feedback that enables markets to recover equilibrium; decisions made when risk and price have both been suppressed or hidden by manipulation are necessarily … Continue reading

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Corporate Debt Red Flag

Over the last month Junk bonds have begun to underperform Treasuries: http://finance.yahoo.com/q/bc?s=HYG&t=1m&l=on&z=l&q=l&c=ief Many corporations have been abusing their balance sheets in recent years, and will soon have to rollover a mountain of accumulated debt: http://www.zerohedge.com/news/2014-07-28/chart-has-high-yield-investors-running-hills This is the Achilles Heel of our current economic … Continue reading

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Are There No Hard Limits on Financial Finagling

“Just as many on the edge of suffering a heart attack have no awareness of the risk they face, our financial system is blind by design to the enormous systemic risks generated by central planning distorting price discovery for the … Continue reading

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