All in next-gen corporate speak to give you the warm & fuzzies. Meanwhile, Uber hits new low, down 24% from IPO price.
Cash-out refi hype is back full-blast. And for the first time since early 2006, people are doing it in large numbers.
But these are the good times. Automakers are not amused.
Here we go again: Cash-out refi hype is back full-blast, and for the first time since early 2006, people are doing it in large numbers
And rideshare revenue is stagnating.
Suddenly – I mean the signs had been everywhere for a long time and “suddenly” doesn’t really apply – the whole house of cards came tumbling down.
Murk everywhere. There isn’t even an agreement what “leveraged loans” are. No, banks are not off the hook. That was wrong too. They hold 57% of these instruments, the Bank of England found.
In 2013, I called Goldman Sachs a “snake-oil salesman” for underwriting a $1 billion J.C. Penney stock offering. Investors got wiped out. Now the longer-dated bonds, including a 100-year bond, have collapsed.
Kudos to the private equity firm. These things don’t happen overnight for companies. They happen overnight only for investors.
$30 trillion of assets globally are held by similar open-ended funds.