The housing recovery is falling flat
On today's Breakfast with Benjamin menu, the housing recovery might have fizzled out. Plus more on junk bond yields, a big Barclays fine and much more.
- Corporate junk bonds layer on risk and investors are piling in for no good reason. This is what you get six years into the Fed’s zero-interest-rate experiment. Average junk-bond yields reached a record low this week
- Big investors are backing away from housing, claiming the recovery has fizzled out. Don’t look to the Federal Reserve Board for direction, it is divided on the issue. Legg’s Bill Miller remains bullish on housing
- The family-dining barometer has leveled off from its nosedive since the start of the year, meaning middle-income households might be less uncertain about the economy than they were in January. Lack of wage growth and housing market weakness remain as anchors
- Barclays will have to pony up $44 million for failing to manage conflicts of interest between the bank and its customers. Taking advantage of weaknesses in the bank’s systems
- A Memorial Day tribute. Not to rain on your picnic, but the long weekend is really about a lot more than backyard barbecues. America’s 10 deadliest wars
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