Moodys: Public Pension Underfunding to Worsen as Returns Lag
Moodys give an update on the sorry state of public pension funds’ coffers.
Read more...Category Archives: Investment outlook
Why a Serious Oil Rebound Is Not Coming Soon
Why the oil price recovery is still a way away.
Read more...Oil Giant Cuts Budget By 80 Percent And Suspends Fracking
Whiting Petroleum Corp. (NYSE:WLL), the largest oil producer in North Dakota, has announced that it will suspend all fracking in the state and cut its budget for this year by 80 percent in a move that sent its shares up 9 percent on Wednesday, back down to a record low on Thursday, and $4.02 Friday morning.
Read more...More Evidence That CalPERS Board (and Staff?) Does Not Understand Finance
Another foot-in-mouth moment at CalPERS, this time by the president of the board, Robert Feckner.
Read more...Wolf Richter: Sudden Death? Junk-Rated Companies Headed for Biggest “Refinancing Cliff” Ever – Moody’s
A refinancing bulge is coming awfully soon.
Read more...Has the Crash of the Global Financial Markets Begun?
Is “crash” the right word to describe the Mr. Market’s rattled nerves?
Read more...Satyajit Das: Age of Stagnation or Something Worse?
In The Age of Stagnation, author Satyajit Das has shifted from his usual wry detachment to a sense of foreboding.
Read more...Dean Baker Exposes How CBO Cooks Inflation Forecasts to Promote Deficit Scaremongering
Yet more funny forecasts from the CBO telling you why you can’t have nice things, like a better job market.
Read more...Wolf Richter: What the Heck is Going on in the Stock Market?
Even Moody’s which is always late to the party with its warnings – but when it does warn, it’s a good idea to pay attention – finally warned: “Don’t fall into the trap of believing all is well outside of oil & gas.”
Read more...Wolf Richter: Inadequate Corporate Investment Falls Even Further
Lousy levels of corporate investment are only getting worse….much worse.
Read more...Office of Financial Research Warns of Corporate Debt Defaults, Particularly Related to Energy Loans, as Stability Risk
Nothing like the downgrades and the prospect of default to focus the mind….
Read more...Investors Piling into Illiquid Assets to Avoid Discipline of Market Prices
Investors are piling into risky, illiquid assets at the worst possible time and for the worst reason: to fake performance.
Read more...Wolf Richter: Moody’s Explains Why Junk Bonds Will Sink Stocks Further
Why the high risk spreads in the junk bond market bode ill for the stock market.
Read more...Bloomberg Spotlights Poor Private Equity Returns From Last “Peak of Cycle” Mega Deals
Buying at the peak rarely works out, as private equity’s pre-crisis mega deals confirm. Yet general partners fared really well.
Read more...The World Is Not Running Out Of Storage Space For Oil
The implications of the fact that there is still more oil storage capacity for prices.
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