Risks Pile Up Quietly in the US Corporate Bond Market by Wolf Richter • Jun 24, 2018 • 50 Comments The fear of becoming a “fallen angel.”
Despite Trump’s Tariff Threat, Automakers Double Down on Mexican Production by Don Quijones • Jun 23, 2018 • 47 Comments Addicted to cheap labor, Corporate America is not playing along.
This Deal Shows How the Junk-Credit Market is Still Irrationally Exuberant by Wolf Richter • Jun 22, 2018 • 54 Comments One of the biggest such deals ever, happening now: How investors allow a group of PE firms to extract $3.75 billion from a company after they’d already extracted billions.
Online Retailers Lose State Tax Subsidy by Wolf Richter • Jun 21, 2018 • 95 Comments Up to $13 billion in 2017. Brick-and-mortar gets some relief. Consumers not amused.
The Smart Money Gets Ready for the Next Credit Event by Wolf Richter • Jun 19, 2018 • 65 Comments “It feels like we’re about 12 months away, but we could get into extended innings.”
Next Mortgage Default Tsunami Isn’t Going to Drown Big Banks but “Shadow Banks” by Wolf Richter • Jun 17, 2018 • 62 Comments As banks pull back from mortgage lending amid inflated prices and rising rates, “shadow banks” have become very aggressive.
Blackstone Becomes Biggest Hotel & Property Owner in Spain by Don Quijones • Jun 14, 2018 • 26 Comments The PE firm as global landlord.
Riskiest Junk Bonds Completely Blow Off the Fed, Face “Sudden” Reckoning by Wolf Richter • Jun 13, 2018 • 20 Comments Still dreaming in la-la-land.
Finally: SEC Frets about Share Buybacks, “Torrent of Corporate Trading Dominating the Market” and “Short-Term Financial Engineering” by Wolf Richter • Jun 11, 2018 • 70 Comments “Right after the company tells the market the stock is cheap, executives overwhelmingly decide to sell.”
Huge New Prop under the Stock Market is a One-Time Affair by Wolf Richter • Jun 5, 2018 • 87 Comments Crash insurance with an expiration date. But its working while it lasts.
