Something’s not right: Banks are heavily exposed to record business debt as credit quality deteriorates.
Apple plunges. FANGMAN stocks down 10.4% for the week, down $1.12 trillion from peak.
So what’s going on here?
Part of a global trend, as exasperated consumers are squealing, but no country has threatened to do what Mexico proposed.
Moral bankruptcy may be one of the quickest preludes to Chapter 11.
In detail: ‘Collateral Stripping,’ ‘Incremental Facilities,’ ‘Cov-Lite,’ & ‘EBITDA Add-Backs’
The myth of the “blackout period.” And the price of “unlocking value.”
China has a lot of balls in the air at the moment.
Yet, the crybabies on Wall Street are already clamoring for the “Powell put.”
US bank stock index down 17% from January. EU bank stocks crushed, crushed, crushed since Financial Crisis.