Fasten your seat-belts folks. It is time for an earnings recession!
At least that is what the South Korean trade data tells us.. pic.twitter.com/N92qnxlvZL
— AndreasStenoLarsen (@AndreasSteno) January 22, 2019
Half of investment grade debt is one downgrade away from junk pic.twitter.com/WJkmKbJXHx
— THE LONG VIEW ⚫️ (@HayekAndKeynes) January 21, 2019
Jefferies: "It should be noted that virtually all the money that had entered into high yield markets since 2009 was withdrawn over the past eighteen months." pic.twitter.com/nvqzGx08Vh
— Luke Kawa (@LJKawa) January 22, 2019
No better way to create a debt bubble than to turn junk assets into AAA through securitization.
In 2005 it was housing, today its corporate debt. pic.twitter.com/8lmFq8hmC0
— THE LONG VIEW ⚫️ (@HayekAndKeynes) January 21, 2019
Ouch! #IMF cuts German 2019 GDP outlook by a whopping 0.6ppts to 1.3%. Largest revision among the industrialized countries, citing soft domestic demand, ailing auto industry & external demand. Saudi Arabia GDP alone was reduced by the same amount https://t.co/iLZc1UmTeZ via @welt pic.twitter.com/VB12aeVGas
— Holger Zschaepitz (@Schuldensuehner) January 21, 2019