…corporate earnings, inflation, and monetary policy following the oil price increases will affect equity and bond valuations, and currency exchange rates. Finally, depending on expected duration of price increases, the…

…juiced estimated home values, and Wall Street bankers, who transformed shaky loans into seemingly low-risk mortgage-backed bonds for sale to insurance companies, pension funds and foreign investors. The bond rating…

…than the cost of the current stimulus package. The notion that a similar borrowing need in 2025 will bring the bond market to its knees could use some explication. Plus…

…can easily lose his or her entire stake.” But they still own the house, and still get to live there. (If I buy a corporate bond, the market price may…

…not ‘looting’, but it is a promise that creates a specific future obligation, and is specifically booked as debt and shows up in the familiar $9 trillion total debt as…

…better long term return than bonds. At least US stocks do. And that’s true even if you substantially discount current US equity prices which seem to be rather high and…

…direction of cause and effect in this chart of quality spreads and capacity utilization. Is the current quality spread a measure of the bond market forecast of economic activity? END…

…said. … The loan reviewers’ role was just one of several safeguards — including home appraisals, lending standards and ratings on mortgage-backed bonds — that were built into the country’s…

…a segment or a business or related to a change in accounting principle. Wamu bond rating hits BBB, and bonuses EXCLUDE expenses from performance disaster. I wish I could do…

Here are some charts to demonstrate what I was talking about. the recent drop in US bond yields has not been accompanied by a similar drop in European rates. Consequently…