Home > Daily Reading on the Financial Markets, Financial Ponzi, investing, Stock Market > Reading on the Financial Markets: 5/29/13

Reading on the Financial Markets: 5/29/13

Chris Kimble notes that some serious breakdowns are occurring in some high-yield instruments.

Charles Hugh Smith notes that, while oil may seem expensive, it is actually very cheap when compared to gold over the last 40 years.

Pragmatic Capitalism notes that NYSE margin is at an all-time high, and suggests it may be used by some to replace traditional bank loans.

A great note from Zero Hedge showing where all those bank “profits” are coming from.  Hint: it’s not the revenue.

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  1. May 30, 2013 at 10:37 am

    I also liked the bit the other day (I believe from ZeroHedge) that mentioned that recent home price surges (suggesting housing ‘recovery’) were being led in states where foreclosures had been halted (and hence housing supply shrunk).
    link: http://www.zerohedge.com/news/2013-05-28/keeping-recovery-dream-alive-3-big-banks-halt-foreclosures-may

    • May 30, 2013 at 9:35 pm

      Yes, there seems to be a tug of war on the “housing recovery” story. A number of stories about “smart money” finding its way to the exits.

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