Much has been made of the leveraged speculative frenzy by undereducated Chinese day traders halfway around the world but, based on this update on NYSE margin debt from Doug Short late last week, U.S. lenders (and markets) are quickly catching up.
Of course, this comes at a time when money continues to flow out of stock funds, at least according to this Marketwatch story from Friday. Not to worry though, confidence remains high as the price of just about everything is going up again today…
Images: via Flickr (licence attribution)
About The Author
As you may have already deduced, this is not your typical financial blog, accompanied by some run-of-the-mill investment newsletter, and I’m not your typical financial writer.
In fact, I spent my entire working career as an engineer before retiring back in 2007 at the tender young age of 46. Two years prior to that in 2005 I started writing a blog – The Mess That Greenspan Made – mostly just to poke fun at the housing bubble and the policy makers who had led us down that path.
Details about the investment newsletter and information about the performance of the associated “model portfolio” can be found here and if there are any questions that I can help answer, just send mail to email@example.com.