Is Direct Lending The Next Subprime? Goldman Says Probably Not
Another “some worry” story.
Search Results for: Leveraged Loan
‘Good’ Trump Isn’t Coming Back, Get Used To ‘Bad’ Trump, One Bank Warns
“The author does not believe markets will come back to the ‘good’ Trump story anytime soon.”
Dissecting The ‘Incredible’ Junk Rally And The Case For A 24-Pound Bucket Of Mac-&-Cheese
Frantic rallies, tactical bounces and out of stock emergency hedges.
Who’s Still Hungry (For Risk)?
All in all, not a bad day.
‘What Gives Us A Pause Here’ Are The ‘Facts’: Why The Cycle May Be Turning
Who needs “facts”?
Fear And The Market’s Perverse Fascination With Calamity
Fear is self-reinforcing.
It All Falls Down: Stocks Crash Again As Trump Shutdown Begets Friday Rout
It’s over for Trump.
As Chanos Warns On ‘Fragility’, Goldman Tells You Where The Tail Risks Are
Putting some nuance on Jim’s “fragility” warning and “chasing tail” with Goldman.
‘Through The Looking Glass’: Aleksandar Kocic And The Fed In Convexity Wonderland
“A new perspective on monetary policymaking in the post-crisis world.”
If You Already Sold It All, You Don’t Need To Hedge…
Right up until Wednesday at lunchtime, there was a lot of fear out there.
When Doves Cry: Previewing A Critical Week For The Fed Pause Story
This is a big week.
The Press Knows What Will Cause The Next Crisis, And It’s Corporate Debt
“For financial journalists, pinpointing the source of the next meltdown is no easy task. The ones who did so pre-2008Â were few.”
The End Of The Invisible Hand And ‘The Hunt For Red October’
Good luck – you’re going to need it.
‘Biggest Threat’ To Trump Releases Minutes Of September Conspiracy Roundtable Event
“A few participants expected that policy would need to become modestly restrictive for a time.”
‘Private’ Parts: Explosion In Private Debt Market Cements ‘Liquidity As The New Leverage’
“For all practical purposes, such liquidity should be expected to evaporate entirely.”
The Good, The Bad, The Ugly (Vis-Ã -Vis Corporate Balance Sheets, That Is)
It’s not all bad news. But it’s not all good news either.
Train Wreck.
Monday was a train wreck from start to finish.
Here Are The Remaining Risks And Here’s What Jerome Powell Can Do In A Crisis
Needless to say, it’s probably prudent to reserve judgement on whether we’re out of the proverbial woods…
Nobody Panic About Junk Bonds Because What’s The Worst That Could Happen?
I’m not entirely sure what to make of the commentary on this. There’s no “right” way to write about it. It’s almost a “see no evil, hear no evil, speak no evil,” type of deal.Â
“We Are Close To A Point When The Narrative Changes”: Deutsche Warns On High Yield, Oil
“Historical evidence suggests that D/EV ratios at 60% or higher lead to a material jump in expected credit losses.”
How Many Comrades Does It Take To Screw Up A Stimulus Unveil?
Six trillion yuan. That’s the number. Or maybe it’s seven trillion. Or eight trillion. Don’t
40 Acres
27 minutes. I was 27 minutes late, and I left 45 minutes early. This city
About China’s Silly Bond Bubble
China has a bond bubble on its hands. I’m not sure how interesting that is
Saudis Tried To Extort G7 Over Fate Of Putin’s Frozen Billions
Would-be macro mavens and self-styled geopolitical observers harbor a lot of misconceptions about Saudi Arabia’s
China Drops Mortgage Rate Floor, Rolls Out Home-Buying Scheme
China’s finally getting serious about rescuing the country’s beleaguered property market. On Friday, more than
Twinkle, Twinkle Little Stars
Is monetary policy in the US (or in any other major, advanced economy for that
Holistic People
“Mornin’ sunshine.” She smirked. I picked her up at the Starbucks attached to the Tuckahoe
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