bloomberg.com - 11/19/2008
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Bond market breakeven rates - difference in yield between bonds that provide protection against inflation and those that don't.
nakedcapitalism.com - 11/20/2008
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nakedcapitalism.com —
We've noted from time to time that one
of the many reasons this downturn will prove to...
be exceptionally bad is not just that corporate defaults are likely to equal, if not exceed, past post-war peaks. Two new factors are at work that will hurt junk ...
(more)
Junk Bond Yields Up Sharply
ft.com - 11/20/2008
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ft.com —
Average yields on US junk bonds have topped
20 per cent for the first time amid rising...
concerns about a protracted recession and a wave of corporate defaults. The spike in yields could have a dramatic impact on economic activity, making new debt ...
(more)
FT.com / Capital Markets - Junk bond yields spike
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Global Markets All Pointing to Deflation
Paul Kedrosky's Infectious Greed —
Good chart from Bloomberg showing how most major global markets now point to deflation:
The Week That Was November 17 – 23, 2008
The Big Picture —
Words from the (investment) wise for the week that was (November 17 – 23, 2008)
by Prieur du Plessis
~~~
A new bout of fear gripped financial markets during the past week, causing the slide in global stocks, commodities and emerging-market assets to deepen. As investors’ angst escalated, positions in risky assets were liquidated in exchange for perceived safe havens such as the US dollar, government bonds and gold bullion.
“We have seen fundamental selling, technical selling, forced selling (deleveraging), short selling, capitulation selling and selling due to ennui,” commented David Fuller ...
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Corporate Bond Spreads
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You’ll ...
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Deflation Worries
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Should We Be Scared of Deflation? —
The Big Money 11/20/2008
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Deflation Fears Sucks Air Out of Markets —
The Big Money 11/20/2008
Sound the alarms! Consumer prices are in a free-fall, stoking fears the economy is on the precipice of deflation. The Labor Department on Wednesday reported the prices of consumer goods fell by 1 percent in October , the biggest one month drop in ...
Deflation Fears Suck Air out of Markets —
The Big Money 11/20/2008
Sound the alarms! Consumer prices are in a freefall, stoking fears the economy is on the precipice of deflation. The Labor Department on Wednesday reported the prices of consumer goods fell by 1 percent in October , the biggest one-month drop in 61 ...
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