Sudden Debt

 According to CBOE data almost 60% of all SP500 option daily volume now comes from the most extremely speculative and leveraged instrument o...

The amount of margin debt in the US has soared to a new high of $1.13 trillion in September (data: FINRA). Some will say that we should look...

 The Great Debt Crisis of 2008-10 was the result of inordinate leverage created by arcane derivative instruments like debt tranches, Collate...

The US bond market is getting hammered lately as investors and traders realize that (a) the economy is not collapsing and (b) the Fed will k...

Note: Numbers on Debt/GDP below have been calculated using GDP on a Purchasing Power Parity (PPP) basis.  Also, I have removed countries suc...

 The one certainty from Mr Powell’s Jackson Hole speech a couple days ago is this: The Fed remains firmly committed to its 2% inflation targ...

 In my experience, charting as a market analysis tool is as useful as reading tealeaves.  But, occasionally it actually works, so when I hav...

 Analysts are somewhat baffled by the drop in bond prices.  Inflation is moderating and the Fed is sending "hold" messages. So wha...

A one question post today: Given its enormous debt load and the spike in interest rates driving debt service closer to unsustainable levels,...

I don't think most people realize the massive losses that have been suffered by bond investors in the last year and a half - take a look...