Category Archives: Investment outlook

Boeing Crashes: $43 Billion in Share Buybacks Turn into Existential Threat

Yves here. When we made grim prognostications about Boeing’s future, we were treated as nuts. By Wolf Richter, editor at Wolf Street. Originally published at Wolf Street Boeing’s shares [BA] came unglued, plunging 18.1% today, after having already plunged over the past four weeks. Since February 12, shares have crashed 46%, and since the peak […]

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Manufacturing Employment, New Orders & Production Fall Fastest Since Apr-Aug 2009

Yves here. As readers know well, on the one hand, services and not manufacturing dominate the US economy. But manufacturing jobs, even now, are relatively well paid and manufacturing growth is often seen as having spillover effects. By Wolf Richter, editor at Wolf Street. Originally published at Wolf Street US manufacturing took a turn from […]

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Credit Cycles and Asset Returns

Yves here. I’m clearly not in touch. I am surprised that this finding, that credit booms predict equity busts, is novel. Of course, given that manias last way longer than cooler heads deem possible, judging the peak of a credit cycle is tricky business. Nevertheless, when a wee summer associate at bond trading powerhouse Salomon […]

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