A Massachusetts junk hauler finds $114,000 worth of bonds inside a huge wooden chest – and returns them to their owner. The video report:
They were not junk, they were bonds. And they were not junk bonds. But these are: Junk bonds, bubbles and Goldilocks
AUTHOR
Mick Weinstein
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Another good effort to visually explain the credit crisis that led to the 2008 meltdown, but I think Jonathan Jarvis’ The Crisis […]
Why FAANG stocks rule over the stock market
Market participants are pressing the pause button on Wall Street’s recent stock rally as they sift through a buffet of remarks from Fed speakers. Federal Reserve speakers yesterday emphasized that the current fed funds rate is restrictive and is likely to continue to support disinflation, but more evidence is needed that price pressures are easing in a sustainable manner before the central bank lowers rates.