<Click on chart for larger image> Bloomberg.com – Ackman Says Student Loans Are the Biggest Risk in the Credit Market Bill Ackman says the biggest risk in the credit market is student loans. “If you think about the trillion dollars of student loans we have outstanding, there’s no way students are going to pay it… Continue reading Billionaires Disagree On Student Loans
Zero Hedge – Einhorn Slams Bernanke’s Blog, Says Fed Policy Is A “Destructive Force That Shouldn’t Exist Outside Of Fiction” Which is why it was Einhorn’s other observations from the confernce that were note worthy. Here are some select excerpts: I last spoke here three years ago and talked about what I dubbed the Fed’s… Continue reading Einhorn Slams The Fed
Bloomberg.com – These Will Be the World’s 20 Largest Economies in 2030 Take a peek at the new world that awaits Get ready for a new economic order. In the world 15 years from now, the U.S. will be far less dominant, several emerging markets will catapult into prominence, and some of the largest European economies will be slipping behind. That’s according to… Continue reading The Largest Economies In 2030
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The Financial Times – Momentum to stall as profits talked down Earnings forecasts have taken a stunning dive Earnings season is upon us. And possibly we will see the US slip into an earnings recession. As US companies come clean about the first quarter of this year, much is at stake. Earnings forecasts for 2015… Continue reading Q1 Earnings Season Is Now Beginning
The Financial Times – John Dizard: Much of the investing public will be sacrificed to the oil-money gods John Dizard considers a possible trigger event for the next credit crisis Most industry economists believe the bottom in the oil price has been put in. There will be bounces along the way, in between $50 and… Continue reading Investing In Oil
<Click on chart for larger image> The Financial Times – Mohamed El-Erian: How to invest for renewed dollar strength Just as many more people were starting to talk about the impact of the US dollar’s sharp appreciation, the currency reversed course and weakened by almost 5 per cent. While it has been relatively rangebound since… Continue reading The Dollar Remains Strong
The New York Times – Questioning the Seaworthiness of Bond Funds Investors have embraced bond mutual funds and exchange-traded funds as sound and solid places to keep their money. But that growing popularity rings alarm bells with some regulators, who worry that these same vehicles could become sources of instability in a future market crisis.… Continue reading Corporate Bond ETFs
<Click on chart for larger image> The New York Times – Money Funds Remain Haunted by Fears of ‘Breaking the Buck’ Of all the regulatory concerns about the fund industry, the most persistent worries are perhaps those focused on money market mutual funds, which now hold more than $2.6 trillion in assets. That may be… Continue reading Money Market Funds
<Click on chart for larger image> Bloomberg.com – Stimulus-Fed Rally Back On as Global Stocks Top $70 Trillion Stocks rose in the U.S. this week while they soared in Europe and Asia, eclipsing milestones from Hong Kong to Frankfurt as central bank stimulus pushed the value of global equities above $70 trillion. With cash coursing… Continue reading Stock Market Caps Across The Globe
The Wall Street Journal – Alan Blinder: The Fed Can Be Patient About Raising Interest Rates Are Yellen & Co. right or wrong to be so patient? I think they are right. Consider: The so-called hawks, who have been calling for rate hikes since 2009, have constantly warned of high inflation lurking just down the… Continue reading Timing The First Rate Hike
Bloomberg.com – Druckenmiller Recounting Soros Experiences Blasts Fed Policies Stan Druckenmiller has spent the past two years taking to public stages and television to criticize the Federal Reserve for taking unnecessary risks. He’s also done so in more intimate settings. The billionaire investor, who has one of the best long term track records in money… Continue reading Druckenmiller Takes On The Fed Again