9 August, 2016 by The TZ Newswire Staff Comments Off on Bank Of England Suffers Stunning Failure On Second Day Of QE: "Goodness Knows What Happens Next Week"
Bank Of England Suffers Stunning Failure On Second Day Of QE: "Goodness Knows What Happens Next Week"
It started off well enough.
On the first day of the Bank of England’s resumption of Gilt QE after the central bank had put its monetization of bonds on hiatus in 2012, bondholders were perfectly happy to offload to Mark Carney bonds that matured in 3 to 7 years. In fact, in the first “POMO” in four years, there were 3.63 offers for every bid of the £1.17 billion in bonds the BOE wanted to buy.
9 August, 2016 by The TZ Newswire Staff Comments Off on Chinese Bond Yields Tumble To 2009 Lows As Spooked Investors Rush Out Of Potential Defaults
Chinese Bond Yields Tumble To 2009 Lows As Spooked Investors Rush Out Of Potential Defaults
The biggest (unspoken of) bubble in the world, just got bubblier. Following the lowest 10Y China government bond auction yield since records began in 2004, a surge of foreign inflows (seeking yield) combined with domestic flight-to-safety from the increasingly default-ridden corporate bond sector has sent China’s government bond yields to 2009 lows.
9 August, 2016 by The TZ Newswire Staff Comments Off on MarketWatch First Take: Local ads send Yelp to surprise profit
MarketWatch First Take: Local ads send Yelp to surprise profit
Yelp Inc.
9 August, 2016 by The TZ Newswire Staff Comments Off on An Unsolvable Math Problem: Public Pensions Are Underfunded By As Much As $8 Trillion
An Unsolvable Math Problem: Public Pensions Are Underfunded By As Much As $8 Trillion
Defined Benefit Pension Plans are, in many cases, a ponzi scheme. Current assets are used to pay current claims in full in spite of insufficient funding to pay future liabilities…
9 August, 2016 by The TZ Newswire Staff Comments Off on 5 Lowest P/E Stocks Today
5 Lowest P/E Stocks Today
Image source: Getty Images.
There are lots of ways to determine whether or not a stock is expensive. No single method is perfect, but a company’s price-to-earnings ratio (P/E) is by far the most popular. Looking at all U.S.-based stocks valued at over $10 billion, we can get an idea of which blue-chip stocks are the cheapest right now.
9 August, 2016 by The TZ Newswire Staff Comments Off on Heads up for China financing data due … this week?
Heads up for China financing data due … this week?
Data from China for New Yuan Loans and Aggregate (social) Financing (July figures) are due sometime in the 10 to 15 August window.
I post this sort of thing each month, and pretty much without fail the data hits on the final day in that window. So I guess this is a really early heads up
9 August, 2016 by The TZ Newswire Staff Comments Off on After Crowdfunding on Companisto, Foodist is Sold to Ströer
After Crowdfunding on Companisto, Foodist is Sold to Ströer
Companisto is reporting that crowdfunding alumni Foodist has been sold to Ströer providing an exit for early stage investors. Foodist raised capital on Companisto three times in consequitive funding rounds starting in 2013 and then in 2014 & 2015. In total 2,399 investors or “Companists” as… Read More