Saudi Arabia plans to raise $27 billion on the bond market by the end of 2015, according to the Financial Times. The country needs a $106 per barrel crude price to balance the budget. The bond sale is an attempt to mitigate the 47 percent decline in oil. Riyadh is planning to issue $5.3 billion in bonds … Continue reading
Is the financial collapse that so many are expecting in the second half of 2015 already starting? By Michael Snyder Many have believed that we would see bonds crash before the stock market crashes, and that is precisely what is happening right now. Since mid-April, the yield on 10 year German bonds has shot up … Continue reading
By Mike Whitney Why are stocks still flying-high when the smart money has fled overseas and the US economy has ground to a halt? According to Marketwatch: “For the eighth week in a row, long-term mutual funds saw more money flowing out of U.S. stocks and into international stocks, according to the Investment Company Institute……For the week ended … Continue reading