Category: Blog
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Investors jumping into risky bundled collateralized loans
This smells of what happened just prior to the 2008 global economic recession. Issuance of new collateralized loan obligations, which buy up loans to companies with junk credit ratings and package them into securities, totaled over $59 billion as of May 20, according to data from S&P Global Market Intelligence’s’ LCD. That is the highest ever figure…
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Oil companies increasing their footprint in renewables
I’m not big on renewable sources of energy. I’m in the camp that thinks they are not reliable enough to be a consistent supply of energy. I would like to see nuclear embraced more. All that said, oil companies are not standing still. European oil companies including BP PLC and Royal Dutch Shell PLC are building new wind and…
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The Yield – Week ending May 21, 2021
J&J, record billions into stocks, Target news, Fed expectations and more
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The Fed lowers expectations for job growth in May
Let’s hope this is still a temporary situation due to all the chaos caused by the COVID-19 shutdowns. The quicker things return to normal the better for everyone. Federal Reserve officials and new Dallas Fed data have begun lowering expectations for May jobs growth in the United States as business hiring plans continue to outrun…
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Microsoft will discontinue Internet Explorer
I think the user base largely took care of this for them. Who still uses IE? Edge is a great browser and it’s the one I’m using right now. Google needs to get a handle on Chrome. It’s a mess of a browser that is way too resource intensive. Internet Explorer has faded gradually from…
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Target reports huge jump in sales and store visits
This is big news for Target and probably a result of the huge stimulus passed by Congress. I expect things to settle down with companies like Target and Walmart once we get out of stimulus mode where the government isn’t printing so much money. For now, investors in Target like myself are benefiting. Target Corp. reported robust…