Loading ...And boy, is she HOT!
Courtesy USGS.
In purchasing real estate, it’s all about Location, Location, Location. We got the freshest land on the planet! Who wants a Hot property?
Sabotage: Italian President Blocks Eurosceptic Coalition Govt, Populist Leader Calls for Impeachment
The Euro is celebrating by jumping 1/2 pt, as the EU tries to cancel democracy…..however new elections or Presidential Impeachment look like the options, which ever case the EU has made a huge mistake, as the people were already pissed off, this will make them way more angry.
Gold knocked $ 4…US SM plus 100 and expect Italian Bonds to explode, as rates collapse ….scumland has been saved , for another day.
Perfect ! , Goldie
LMAO – too true .
Ororeef
Lol I met one of these body guards once. They do exist. I didn’t discuss salary with her though.
What goes around comes around
A young man walked into the local welfare office, marched straight up to the counter and said:
Hi. I hate drawing welfare.
“I would really rather find a job.”
The man behind the counter replied:
Your timing is amazing!
We just got a listing from a very wealthy man who wants a chauffeur/bodyguard for his nymphomaniac daughter.
You’ll have to drive around in a big black Mercedes, and the suits, shirts, and ties are provided.
Because of the long hours on this job, meals will be provided, and you will also be required to escort this young lady on her overseas holiday trips.
“The salary is $200,000 a year.”
The young man said:
“You’re bullshitting me!”
The man behind the counter said:
“Well, you started it.”
hurricane season…
beginning a little early this year. tropical storm alberto is in the gulf, not presently expected to strengthen to hurricane strength before landfall tomorrow morning somewhere in the florida panhandle (panama city?)
expected to pass 75-100 mi. (?) to the west of treefrog manor, giving us blustery winds and LOTS OF RAIN. no serious worries, TFM sits on high ground, and i built it so that it would be the last building standing in the neighborhood.
more information than anybody needs:
update 10:00 pm sunday. following forecast, looks to be passing west of here. gusty winds, maybe 40 mph tops, lots of rain. no worries.
Don’t think this is fake news.
USS Arizona Memorial at Pearl Harbor closed indefinitely
http://www.foxnews.com/us/2018/05/26/arizona-memorial-at-pearl-harbor-closed-indefinitely.html
Richard
What I’m learning although not into futures like you would be or guessing this time around would be muni’s bull and bear. Now see you don’t need that zero hedge lol
PS less a real crash don’t be in long.
ZH===what’s the cheapest way to hedge against a crash scenario?
So the question is – what’s the cheapest way to hedge against a crash scenario?
Bank of America’s Jason Galazidis has some answers…
Ranked by the average, the screen below shows that the hedges which are most underpricing historical drawdowns are:
Gold calls, US HY Credit hedges and EUR 10y receivers
And so – once again – the precious metal regains ‘most-favored-nation’ status as the world’s emerging markets collapse and economic reality washes ashore on the banks of the river-of-excess-debt…
Sentiment alert–after an absence of doom articles about the finance markets, ZH has these 3 and a few others this a.m.
Top Restructuring Banker: “We’re All Feeling Like Where We Were Back In 2007”——–
What he is referring to is not just the overall level of exuberance, but the lunacy taking place in the bond market, where CLOs are being created at a record pace, where CCC-rated junk bonds can’t be sold fast enough, and where the a yield-starved generation of investors who have never seen a fair and efficient market without Fed backstops, means that the coming bond-driven crash wil be spectacular.
“Even if there is not a recession or credit correction, with the sheer volume of issuance there are going to be defaults that take place,” said Neil Augustine, cohead of the restructuring practice at Greenhill & Co.
The dynamic is familiar: since 2009, the level of global nonfinancial junk-rated companies has soared by 58% representing $3.7 trillion in outstanding debt, the highest ever, with 40%, or $2 trillion, rated B1 or lower. Putting this in contest, since 2009, US corporate debt has increased by 49%, hitting a record total of $8.8 trillion, much of that debt used to fund stock repurchases. As a percentage of GDP, corporate debt is at a level which on ever prior occasion, a financial crisis has followed.
*******************************************************
What he is referring to is not just the overall level of exuberance, but the lunacy taking place in the bond market, where CLOs are being created at a record pace, where CCC-rated junk bonds can’t be sold fast enough, and where the a yield-starved generation of investors who have never seen a fair and efficient market without Fed backstops, means that the coming bond-driven crash wil be spectacular.
“Even if there is not a recession or credit correction, with the sheer volume of issuance there are going to be defaults that take place,” said Neil Augustine, cohead of the restructuring practice at Greenhill & Co.
The dynamic is familiar: since 2009, the level of global nonfinancial junk-rated companies has soared by 58% representing $3.7 trillion in outstanding debt, the highest ever, with 40%, or $2 trillion, rated B1 or lower. Putting this in contest, since 2009, US corporate debt has increased by 49%, hitting a record total of $8.8 trillion, much of that debt used to fund stock repurchases. As a percentage of GDP, corporate debt is at a level which on ever prior occasion, a financial crisis has followed.
Maya
Nice yard. Your work paid off! 🙂
Thar She Flows!
This is an IR image, so it makes the hot lava look super bright. The lava flow is about 3 miles long, for scale. I can see where my house is, five miles north of the eruption. See the green roof? 🙂