bonds

Bill Gross is out with his latest monthly investment outlook. He is taking on the issue of sovereign debt. This is an issue that has moved center stage, especially in the wake of the surprise Thanksgiving debt moratorium announcement in…

I woke up this morning thinking about James Baker’s October 1987 comments on the dollar which many feel precipitated the 1987 crash. This was on my mind as I contemplated the implications of Obama’s recent regulatory announcement bombshell.…

Employees of US states and cities have much better pension plans than do Average Americans and this is creating some serious budgetary problems, one reason to be very careful in assessing municipal bonds, particularly general revenue ones.…

Marshall Auerback here with a commentary on Robert Rubin’s recent Newsweek article on getting the economy back on track. As we all know, during his tenure as Treasury Secretary, Robert Rubin laid the groundwork for today's crisis through…

The New York Times points out that zero percent interest rates are not designed for savers. They are a tax on savers, especially the elderly living on a fixed income. Millions of Americans are paying a high price for a safe place to put…

The Irish government announced draconian spending cuts of 6 billion Euros in order to stave off a debt crisis in the worst modern-day downturn in the nation’s history.  Even so, Irish government bond yields have been rising relative to…

Greece has been downgraded by Fitch Ratings to BBB+ over concerns about its budget deficit. Despite the cut, Fitch maintained a negative outlook on the country’s ratings, meaning it could fall further in the near future.  This action…

John Mauldin believes we have just seen a pretty amazing trading rally aka cyclical bull/bear market rally. Stocks are more than 60% above March lows.  But many stocks are at “nosebleed” valuation levels and that makes him suspect this…

"This is definitely a threat on the horizon," said Blaise Ganguin, the agency's European credit chief. Some 75 companies large enough to be rated face likely default in 2010 as the slow-burn effects of the crisis hit home.…