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The late-nineties U.S. “tech” Bubble was financed, at the margin, by high-yield debt (telecom, in particular), speculative hedge fund levered finance, and GSE liquidity. Read more.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
The FOMC hiked rates 75 bps Wednesday, the largest rate boost since Greenspan’s lone 75 bps move more than 27 years ago (November 1994). For anything bigger, it’s back to the Volcker era.
Brussels officials seeking consensus on an embargo as part of the latest package of sanctions against Moscow
It appears the war in Ukraine may take a further turn for the worse. Click here for a detailed weekly update.