Monthly Archives: December 2014

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 →

High yield bond prices historically trade in tandem with equity prices. Both are risky bets on the underlying corporations and market sentiment, at a given point in time. Contrary to the ‘long always’ prophets, the higher the price, the riskier … Continue reading →

The global theme continues to be that bad debts are compounding, particularly in previous ‘hot’ areas like energy companies, Venezuela and China, and this time around governments and central banks have insufficient reserves to back stop losses. Slowing growth and … Continue reading →