Monday, March 14, 2016

1--There's Only One Buyer Keeping S&P 500's Bull Market Alive

Demand for U.S. shares among companies and individuals is diverging at a rate that may be without precedent, another sign of how crucial buybacks are in propping up the bull market as it enters its eighth year.

Standard & Poor’s 500 Index constituents are poised to repurchase as much as $165 billion of stock this quarter, approaching a record reached in 2007. The buying contrasts with rampant selling by clients of mutual and exchange-traded funds, who after pulling $40 billion since January are on pace for one of the biggest quarterly withdrawals ever.

2--Bloomberg Stumbles On The "Only One Buyer Keeping The Bull Market Alive"

What Bloomberg is confused by is that despite this unprecedented rally, after a brief period of inflows in 2013 and 2014, investors have been pulling money out of stocks at a record pace, leading not only Bloomberg but many others to dub the move in the market as the "most-hated rally ever."


Specifically, what Bloomberg fails to note is that as everyone else has been selling, corporations have unleashed the biggest debt-funded stock buyback spree in history, providing the natural offset to wholesale selling by virtually everyone else, and allowing the market to barely dip over the past year.

and allowing the market to barely dip over the past year.

3--Subprime Flashback: Early Defaults Are a Warning Sign for Auto Sales

4--Why Auto Lenders Are in for a Rougher Ride

Rising defaults on auto loans are a risk that bears watching for bank investors

5--Surge in Subprime Auto Lending Draws Attention

6--Regulator Raises Red Flag on Auto Lending

7--Subprime auto video


9--Lead Story at Bloomberg Gives a Thumbs Up to MMT

10--The Hidden Government Group Linking JFK, Watergate, Iran-Contra and 9/11

11--Bank of Japan scrambles to find positives in negative rates

With the economy shrinking again and prices flat, Abe has already announced he will set up a panel to consider fresh budget spending to provide the stimulus that monetary policy has struggled to achieve.

The controversy over the negative rates move, which unlike his previous eye-catching policy steps was not welcomed by Japan's stock market, comes even as Kuroda is on the verge of gaining greater control of the bank's nine-member board. Two skeptics of his stimulus program are stepping down in the coming months.

12--The Effects of a Month of Negative Rates in Japan

13--Politicians designed a future crisis to facilitate mortgage finance reform

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