American Serfdom: Companies Offer Loans For Living Expenses To Destitute Employees
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
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"Clients Still Don’t Believe The Rally" - Smart Money Sells Stocks For Record 18th Consecutive Week
Last week, when BofA reported that its "smart money" clients had sold stocks fora record 17th week, the bank offered the following silver lining.
The Death Of The Virtuous Cycle
Authored by Michael Lebowitz via 720Global.com,
World's Largest Asset Manager Downgrades Global Equities To Neutral
With one after another bank issuing downgrade reports on global stocks, including such stalwarts as JPM and, most recently, Goldman, overnight a far more important market entity - the world's largest asset manager - joined the club when BlackRock downgraded U.S. and European stocks to neutral, citing elevated U.S. valuations and the higher probability of a midyear interest-rate increase by the Federal Reserve.
The Message From The Collapsing Yield Curve
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...