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Daily Archives: December 10, 2014
Junk bonds leaving S&P high and queasy
Another day another meltdown in risk markets. As shown below, non-investment grade bond prices are leading the S&P 500 down to their level, as their yields gap wide with a new found appreciation for the growing default risk in many … Continue reading
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Billions in legal fees finally hurting bank profits
Investment banks have been proving over the past 6 years, that when you can spend $2.7 billion on legal fees in a quarter you can get away with pretty much every crime and violation in the book. Their proceeds of … Continue reading
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