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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
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Powell remarks on Paul Volcker Integrity Award
I don’t know Jerome Powell and have no idea whether he is, or will be judged by history as doing the right things in line with his public duty. But at a time when integrity and selflessness in public office … Continue reading
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Calming inflationary fears is job number one
Crypto bounced alongside fossil fuel prices since the Iran war broke out on February 28 — though it’s still down 43% since October. Other global markets generally plunged along with metal prices (shown below, courtesy of The Daily Shot). US … Continue reading
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Bank of Canada admits it can’t ‘save’ bubbles
The Bank of Canada press conference yesterday finally admitted facts about Canada’s housing market: “The housing market is looking weaker, and weaker than we had incorporated into our January outlook. So, that’s something we will be looking at when we … Continue reading
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