high yield

Earlier today, yields for 10-year bonds in Greece shot up 200 basis points as investors contemplate the risk associated with a potential government transition. European Commission head Jean-Claude Juncker has waded into the domestic…

With Black Friday behind us, it’s a pretty good time to do a check of market currents and what they mean. And despite my generally optimistic view of the US near-term economic landscape, a lot of what I am seeing now points to continued…

Right now, the global economy is slowing, with problems in Japan, China, Europe and the Emerging Markets. Only North American growth has remained strong as 2015 approaches. The dip in oil prices changes all of that. While a further fall…

Today, I want to highlight some of the best stories in the news today. US economy Let’s start off with the US, where the hiring of holiday workers is said to track very well with retail sales. In the lead up to the holidays, the…

Despite my upbeat view on the U.S., there are considerable headwinds to the global economy. We see this in the nexus of slowdowns in China and Europe and the decline in commodities, gold and oil which intersect with energy high yield bonds…

A month ago, I wrote a piece on zero rates, resource misallocation, and shale oil that warned of the potential negative impact that low oil prices could have on the funding for shale drillers and the potential contagion this drying up in…

This post has been a long time coming because it is very much in my wheelhouse and I haven’t connected the dots for you on this issue yet. The nexus of zero rates, resource misallocation, and risk on has favoured shale oil. But the drop in…

Before I get into the details today, I want to note that going forward, I may not have the bandwidth to be able to post on a daily basis. I am going to try. But there are definitely going to be weekdays going forward where I won’t be able…

Today is the time to update you on how my 2014 surprises are faring and why. Just to remind you, the surprise list is based on Byron Wien’s list of ten surprises which he has been conducting for the last thirty years. Surprises are events…

Today’s post is a potpourri of events I am seeing from around the world that impinge on macro. Europe. As expected, European consumer price inflation came in at 0.5% following the unexpected dip in German inflation. I believe the ECB will…