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Cory’s Chart Corner
Great chart from @crescatkevin on growing delta between CCCs and BBBs. Carry-on as if everything is normal!
The second indicator is widening CCC vs. BBB credit spreads.
Credit markets are generally quicker to pick up on deteriorating corporate cash flows than equity markets. While the S&P 500 Index has been hitting new all-time highs over the past six months, US triple-C credit
Author Archives: Danielle Park
Layoffs spreading even with financial conditions ultra-easy
Nearly 2 million Americans have been unemployed for 27 weeks or more, according to recent federal data, and layoffs are growing daily as companies look to slash overhead. Amazon said this week it would cut 14,000 corporate jobs, with plans … Continue reading
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Private credit winter
As banks blew up in 2008, they pulled back from high-risk lending. Private equity (PE) funds filled the void, raising capital from investors to buy all manner of companies, while private credit funded the companies that were acquired. Today, some 70–80% … Continue reading
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TM: Every Bubble Bursts
Tough to get a word in edge-wise with David, but this segment is rich in economic insight. It’s easy to feel confused these days. With the stock market at all-time highs, some analysts predict this bull market has a lot … Continue reading
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