NY Fed on corporate leverage:
"Looking ahead, we find that a sizable share of U.S. corporations have interest expense greater than cash flow, raising concerns about the ability of those corporations to endure further liquidity shocks."https://t.co/K9SqSCswwU
— Brian Chappatta (@BChappatta) August 10, 2020
Zombie companies' YTD returns have essentially closed the gap to the S&P 500. Falling real yields typically very kind to the walking dead 🧟♂️https://t.co/8iHl0vbUC7 pic.twitter.com/laIQPNj6j6
— Ben Breitholtz (@benbreitholtz) August 10, 2020
The credit markets no longer have any meaning https://t.co/APpk147OLg via @markets
— Robert Burgess (@BobOnMarkets) August 10, 2020
This is the original link, 1.3m views.
Princes of the Yen
The central banking documentary https://t.co/ndOqpzrb8U https://t.co/0gHV5ctjs1— Richard Werner (@scientificecon) August 9, 2020