Interesting chart…
US credit markets now most overextended ever. pic.twitter.com/WkOIvLb3RR— Alasdair Macleod (@MacleodFinance) November 27, 2019
Last bit of things that make you go hmmm t.co/yQz6GQhJMI pic.twitter.com/XO7TG76bli
— 𝕮𝖍𝖎 🛢️ (@chigrl) November 30, 2019
Corporate debt nears a record $10 trillion
Because no one is bidding up public highly levered shit cos. Leverage in PE deals results in high trading multiples, as it allows for higher bids. Also consider where in their business cycle public cos are versus PE acquisitions.
— Alain Le Roux (@Alainthered) November 30, 2019
Global Risks outlined by the ECB:
High indebtedness
Signs of mispricing of financial assets
Increased risk-taking in the non-bank financial sector
Political instability
Capital flow volatility
High levels of non-performing loans
Low bank profitabilityt.co/QdUUei4F0P— Sebastian Sienkiewicz (@Amdalleq) November 29, 2019