By EconMatters
Investors and Traders should remember there is a huge difference between a great product or company and a stock. I think oftentimes investors get these two ideas confused in properly evaluating the value of a company`s stock price.
Former California Public Employees' Retirement System (CalPERS) CEO Federico Buenrostro was sentenced Tuesday by a federal judge to four and a half years in prison for accepting more than $200,000 in bribes trying to steer investments.
The corporate bond market is a $6 trillion time bomb waiting to go off.
It took the US half a century to grow its corporate bond market to $3 trillion.
Thanks to the Fed implementing ZIRP and holding rates there for seven years, we’ve doubled the corporate bond market, adding another $3 trillion in corporate debt… since 2009.
These bonds are junk… literally. The average credit rating is junk. All told, since 2012, 75% of companies accessing the bond market have had a credit rating of single-B.
With the Treasury yield curve collapsing - 2s10s now at 92bps, its lowest since Dec 2007, AcrossTheCurve.com's John Jansen offers Ed Yardeni's insights into the problems the curve is suggesting are here...
It was just a matter of time: shortly after none other than "youngest ever billionaire" Elizabeth Holmes herself admitted that the technology of her "innovative" company Theranos had been effectively a fraud, when several weeks ago the company voided and restated years of test results, the valuation of the company has finally been adjusted to reflect the underlying value of the company. And Holmes' own net worth.