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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?
Housing January 5th Weekly Update: Inventory Down 2.2% Week-over-week
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Altos reports that active single-family inventory was down 2.2%
week-over-week.
Note that Inventory usually bottoms seasonally in January or February.
T...
1 hour ago
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