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September 13, 2015
Pimco, Fidelity Stung by Collapse of Petrobras's 100-Year Bond
When Petroleo Brasileiro SA sold 100-year bonds in June, the move was largely seen as a sign the corruption-tainted oil producer had put the worst of its problems behind it.
The sign was crystal clear.
Attention Yield Seeking American Investors: Would Our Corruption-Tainted Company Really Be Selling You 100-Year Bonds If the Worst of Our Problems Weren't Behind Us?
This is the End and a New Beginning
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I've been thinking about this for some time.
After 21 years of writing this blog almost daily, I've decided to stop
writing the daily updates on the blog.
...
2 weeks ago
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