Interview with Jim Rogers – Fusion Marketplace 06-13-13

Salient to Investors: Jim Rogers said: When investing, don’t follow the crowd Most government numbers are made up. China has problems with housing and inflation as the US did in the 19th century when it was growing rapidly. Every country that grows rapidly has problems. The US had recessions and

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Pimco Wary on Junk Debt in Asia as Slowdown Hurts Profits – Bloomberg 05-11-13

Salient to Investors: Tomoya Masanao at Pimco said: Investors should be wary of high-yield borrowers as slowing growth in Asia threatens profitability. China will average 6 percent to 7.5 percent annual growth during the next 5 years versus 9 percent annual for the past 5. Companies in Asia outside Japan almost tripled junk bond sales

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New Critical Warning as 2013 shocker looms – MarketWatch 03-25-13

Salient to Investors: Paul Farrell writes: We are at a market top and an economic turning point. Bernanke’s non-stop cheap-and-easy-money printing presses are loved by Wall Street banks but are bad for the rest of America. His reappointment – certain to become Obama’s greatest domestic blunder – so shocked Nassim Taleb

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Wall Street Junk Kings Selling Debt Poised to Lose Value – Bloomberg 02-26-13

Salient to Investors: Wall Street firms are once again selling debt that may be poised to lose value. Wall Street is selling junk bonds at a record pace after they returned 19 percent in 2012, but says it’s obvious that prices will drop when interest rates rise. The amount of

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Biggest Buyers Stampede From Junk Bonds on Loss: Credit Markets – Bloomberg 02-15-13

Salient to Investors: As high-yield ETFs suffer unprecedented withdrawals, the combined value of the 5 biggest fell 7 percent in January. Peter Tchir at TF Market Advisors said a pullback 3 times bigger than for mutual funds suggests hedge funds et al are cherry picking rather than investing in the broader market. Tchir said

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Fed Joining in Alarm Over Distortion It Enabled: Credit Markets – Bloomberg 02-11-13

Salient to Investors: FRB Governor Jeremy Stein sees a significant pattern of reaching-for-yield behavior emerging in corporate credit, which bodes ill for expected returns to junk bond and leveraged-loan investors. David Tawil at Maglan Capital said the bulls will continue to run despite the loud chorus that this is crazy because there’s nowhere else to put

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Where to Invest While Markets Remain ‘Risk-On’ – Bloomberg 01-30-13

Salient to Investors: A. Gary Shilling at A. Gary Shilling & Co writes: Investor zeal for yield and disregard for risk favors the junkiest of the junk. When the grand disconnect between investor focus on the immense liquidity created by central banks and weak and weakening global economies becomes unsustainable, probably

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Goldman Pushes Subprime ABX Index as Housing Rebounds: Mortgages – Bloomberg 11-29-12

Salient to Investors: Goldman Sachs said homebuilders have already priced in the housing recovery, so investors need to look beyond these stocks for the ripple effects of housing stabilization – like certain versions of the ABX and US domestic banks. Kyle Bass at Hayman Capital Mgmt said senior-ranked subprime debt offer

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