Business

Over the past few years, we have written many strange stories about China's often-ridiculous, perpetually-bubbly, always on the precipice financial system. The story about China's literal "cash cows", however, is by far the strangest.

As everyone knows by now, the primary reason the global equity market, taking its cues from the US, is where it is now is due to a relentless stream of debt-funded stock buybacks. Earlier this year Bloomberg stumbled on the same thing we have written since 2013, namely that "there is only one buyer keeping the bull market alive."

Legendary bond billionaire Bill Gross has shifted from bullish to bearish on bonds, warning that the days of central bank dominance are nearly over. Is the financial day of reckoning coming faster than we think?

"The personal sacrifices Lisa Epstein & Michael Redman make to become activists will leave all but Szymoniak permanently altered, and uncompensated for their efforts."

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David Dayen’s Chain of Title Interview Confirms What You Always Suspected: The Game is Rigged

Reposted from Livinglies

Bill Gross Goes Against His Instincts, Turns Bearish on Bond Markets

Written by Nathan McDonald (CLICK FOR ORIGINAL)

Submitted by Lance Roberts via RealInvestmentAdvice.com,

Autos Send Economic Warning

Over the last year, or so, as economic data has materially weakened along with corporate earnings and profitability, one of the primary arguments against an “economic recession” has been the strength of automobile sales. I do not argue this point.