bonds

The lawsuits are piling up. America is a very litigious country and when things go wrong people sue. That's one reason one should realistically expect the courts to be clogged with all manner of suits on bond insurance, auction rate…

The day is almost over for the market (thank goodness) and it seems that financal service investors are in panic mode again. The market is down over 250 points and some shares in financial services are down over 15%. What gives?As we may…

As the economy hits stall speed, it is only to be expected that corporate default rates are set to rise. In fact, they have risen already, doubling since 2007.Through last week, 42 companies, all but one based in the U.S., have defaulted,…

We bailed out Bear Stearns. We have effectively said we are bailing out Fannie and Freddie. Who's next? All of this is only going to increase U.S. Government debt. Is this where we're headed? Note the last part in red: From 2002:…

As you would expect, the market sees the U.S. Government as much less creditworthy. Note the rise in credit default swaps on U.S. Treasuries. The question is: when will its foreign government supporters abandon a sinking ship. This is…

The USSA is now taking form. As the housing debacle turns nasty, politicians and regulators are looking to turn away from the free markets toward I don't know what. And that ain't good.First, there is the Dodd bailout bill that passed the…

David Tice of the Prudent Bear has sold out to Federated Investors. I caught this via Paul Kedrosky's site Infectious Greed. Federated Investors Inc., the Pittsburgh-based investment management firm, said Tuesday it has reached a…

The bear is growling and things are looking grim. Hold on for dear life. Today is going to be ugly. Let's just hope we don't start seeing folks lining up at their local ATM just in case.Where are my gun and kruggerands?

Back in June, I wrote about financial investors in bank shares having lost $10 billion. Then, I predicted that losses would mount and bank shares will fall. It seems that one part of that equation is true already as bank shares have…

Super-bear Jeremy Grantham had something positive to say for once. Well actually it's only a friend of Jeremy Grantham, oh well. But it IS positive -- sort of. "The good news, provided you are by now heavily liquid, is that there are…