Janet Yellen's "Junk Bonds Are Contained" Moment
From Janet Yellen's February 27, 2014 Testimony before the US Senate Committee:
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Deja Vu All Over Again
Submitted by Jim Quinn via The Burning Platform blog,
How To Determine If Your Fund Is At Risk Of Runs, Gating And Liquidation, In One Chart
In light of surging concerns about mutual and hedge fund fixed income (and soon other asset classes) "gating", "runs" or outright liquidation, Deutsche Bank has prepared the following infographic which summarizes the main choke points which predispose both open and closed-end funds to runs or outright shutdown.
And some DB's commentary on the difference between open-end and closed-end funds:
Differences between open-end and closed-end investment trusts
Fed, ECB “Monetary Insanity” Is “Frightening” - Gold Rigged … For Now
Fed, ECB “Monetary Insanity” Is “Frightening” - Gold Rigged … For Now
Max Keiser interviewed GoldCore Research Director, Mark O’Byrne last week and the video was released on Saturday.
Key points and topics covered:
Dubai Crude Price Crashes To Lowest Since 2004, Stocks Hit 2 Year Lows
Dubai Light Crude prices have plunged overnight, crashing the spot price below the 2008 lows for the first time, to its lowest since 2004. This is continuing to weigh on Dubai's once-exuberant equity market which just hit fresh 2-year lows as financials and property companies plunge.
Worst in 11 years...
Driving the exuberant money-chasers out o fthe nation's stock market... (and do not forget we market the top in 2014 when a company that actually did nothing saw its IPO oversubscribed 36x)...