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    • Five Hundred Million Dollar Negative Yield Bond Issued
      No, central banks aren’t screwing the economy up with their purchases: Veolia (Paris:VIE) has issued a 500 million 3-year EUR bond (maturity November 2020) with a negative yield of -0.026 %, which is a first for a BBB issuer. To be clear, central banks didn’t buy those bond, investors did. But central bank purchases of […]
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Strategery

I’m hearing that Trump may have done just enuf last night to keep his candidacy alive and that Hillary failed to deliver a knock out blow despite her many opportunities to do so.

One observation on this seems to ring true. Hillary doesn’t want to finish him off. She wants to keep him in the game and let him “bleed out”. That is, let his campaign slowly lose more and more support until there’s no way for him to recover. That leaves the Republican Party with no options.

If she had finished him off last night, there might have been more calls from Republicans to pressure him to drop out.

Maybe they still will pressure him to drop out.

In any case, what we saw last night was that Trump was a looming, menacing presence, hovering over her and making all of us very uncomfortable, even if it didn’t seem to rattle her. It was creepy. He can not conceal his hatred and contempt.

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