Daily Archives: June 28, 2013

Record leverage prompts dash for cash out of everything else

Rick Santelli looks at how record leverage is driving a ‘grand rotation’ out of all asset classes and into cash. Here is a direct link.

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Student debt crushing next generation of consumers

More than 38 million Americans have student loan debt, totaling nearly $1 trillion–a staggering number that has quadrupled in 10 years and keeps rising. Student loan debt now surpasses credit card and auto loan debt in America, and interest rates … Continue reading

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The more outcomes stay the same

‘QE’ experiments have birthed the latest in a recurring saga of group faith in fairies. After 3 years of intermittent liquidity spikes that had, at least to the end of May, managed to stall the S&P from joining commodities and … Continue reading

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