Goldtent TA Paradise

The Most Interesting Chart on the Planet

1. grin says:

   April 24, 2015 - 6:38 am at 6:38 am

   the ihs since sept will get it back to the top rail again, crazy indeed.

   more insanity;

   http://deviantinvestor.com/6930/the-rise-of-the-paper-machines/

   http://davidstockmanscontracorner.com/this-is-nuts-5-3-trillion-of-government-bonds-now-have-negative-yields/

2. EagleSeagle says:

   April 25, 2015 - 5:54 am at 5:54 am

   EM Bubble Watch:
   April 23 – Financial Times (Alberto Gallo): “Emerging markets have enjoyed capital inflows and access to cheap dollar funding since the global financial crisis. These strengths are about to become weaknesses: a reversal in Federal Reserve policy, falling commodity prices and rising political risks put EM companies and their debt between a rock and a hard place… First, private sector debt overhangs continue to grow… Thanks to capital inflows, private debt has increased by a third in all EM since 2008, doubling in Asia and tripling in emerging Europe, according to the World Bank… Second, there is also a growing dependence on foreign currency funding, making the debt load worse. While EM governments tend to owe a slightly above-average portion of their debt in hard currency, the difference between today and the 1990s is that EM companies have tapped into dollar and euro markets too. Bond issuance by international companies in dollars grew 300% since the crisis to $2.5tn… International loans have doubled since the 2000s in all major EM countries and increased by over six times in China, according to the Bank for International Settlements. Emerging market companies now find themselves heavily reliant on external debt.”