Follow
____________________________
Monthly Archives: April 2014
Twice as many covenant-lite loans issued today as in 2007
For a while there the world was acknowledging the peak of sub-prime, levered loan issuance in the 2007 credit bubble as the zenith of crazy, reckless behavior. Well that was then. Today memories are evidently blank once more. Courtesy of … Continue reading
Posted in Main Page
Comments Off on Twice as many covenant-lite loans issued today as in 2007
Too much debt causing China’s slowdown
As we listen to this very lucid discussion of what Chinese policy makers need to do in order to allow a necessary re-balancing in the world’s second largest economy, we should realize that precisely the same revelation and new approach … Continue reading
Posted in Main Page
Comments Off on Too much debt causing China’s slowdown
HFT playing reckless chicken on public markets
The fact that many people are saying these practices don’t worry them, is a testament to how clueless the consensus view is today. Let’s face facts. We know the HFT firms are making a fortune skimming money off the market. … Continue reading
Posted in Main Page
Comments Off on HFT playing reckless chicken on public markets
;
