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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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Commodities and the loonie following global output lower
Lakshman Achuthan, co-founder of the Economic Cycle Research Institute, breaks down what one chart on industrial inflation and currencies could mean for the broader market. Here is a direct video link.
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Lethal levels of financial leverage are highly contagious
As I discussed last week in Ponzi Markets Unravelling Once More, global asset markets have never been more over-valued, leveraged and interconnected in our lifetimes. This presents a massive instability risk for all of us, whether we appreciate it or … Continue reading
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Revolving door between governance and finance, too dear for us to bear
Further to my post last week, Who Gives a Damn?, the horrendous optics of Fed heads enriching themselves through their public policy decisions are finally attracting some outrage. Apparently, finance scorpions can’t help themselves. While we are at it, best … Continue reading
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