/biz/ - Business & Finance

Great Great Recession =====>> Great Great Depression thread
Bond yield curve now
Inverted from 2 year all the way to 30 year:

Bond yield 2-10 yr inversion:
https://www.cnbc.com/2019/05/29/us-bonds-wall-street-monitors-fresh-batch-of-economic-data-auctions.html

Bond yield 2-30 yr yield inversion:
https://www.reuters.com/article/us-usa-bonds-idUSKCN1VI2DF


Corporations dumping stock:
https://www.cnbc.com/2019/05/29/corporations-were-the-biggest-buyers-of-stock-during-the-bull-market-but-now-they-are-selling.html


Record corporate debt:
https://finance.yahoo.com/news/corporate-debt-surges-but-investors-arent-worried-yet-140000257.html

Warren buffet record cash holdings:
https://www.google.com/url?sa=i&source=web&cd=&ved=0ahUKEwjchqLE4PHjAhVaHjQIHTjoCpMQzPwBCAM&url=https%3A%2F%2Fwww.fool.com%2Finvesting%2F2019%2F08%2F07%2Fwarren-buffetts-silent-warning-to-investors.aspx&psig=AOvVaw3MyLeS8pIvVh-avGqsJ91H&ust=1565301474958495

26 oil companies filed for bankruptcy in August
https://www.pmnewsnigeria.com/2019/08/15/26-us-shale-oil-firms-file-for-bankruptcy/

Chicago PMI hits contraction territory in August, drops to 47.5

Consumer sentiment drops to 89.8 in August
Michael Burry on current bubble:

Passive investments such as index funds and exchange-traded funds are inflating stock and bond prices in a similar way that collateralized debt obligations did for subprime mortgages more than 10 years ago, Burry told Bloomberg News in an email. When the massive inflows into passive vehicles reverse, “it will be ugly,” he said.

“Like most bubbles, the longer it goes on, the worse the crash will be,” Burry said. “This is very much like the bubble in synthetic asset-backed CDOs before the Great Financial Crisis in that price-setting in that market was not done by fundamental security-level analysis, but by massive capital flows based on Nobel-approved models of risk that proved to be untrue.”