via UPFINA: Cov-lite loans are loans with fewer covenants. That means they have fewer restrictions for borrowers. A lender might set a covenant based on leverage to ensure the borrower doesn’t fall into trouble. If the borrower violates a covenant, the lender can reprice the loan. As you can see from the light blue line in … Read more
By Patrick Watson Economic growth isn’t random. It comes from individual decisions to buy, sell, or do nothing. We all make dozens every day. Corporate CEOs and CFOs make bigger decisions, like whether thousands of people get hired or a factory gets built. That means, the economy generally does better when business leaders see growth … Read more
https://asia.nikkei.com/Spotlight/Electric-cars-in-China/China-s-NIO-to-receive-1.5bn-state-investment-as-EV-subsidies-fade The Shanghai-based, New York-listed company announced on Tuesday it has entered into a framework agreement with Beijing E-Town Capital to establish a new entity, NIO China, in the city’s economic-technological development area. E-Town Capital, which invests on behalf of the Beijing municipal government’s economic development agency, will acquire a minority stake in NIO China. … Read more
via FT: FTSE Russell will not include China in its flagship government bond index, citing market liquidity and foreign exchange concerns in the country’s $5tn government debt market. The index provider, which released the results of its annual fixed income country classification review on Thursday in New York, said measures taken by Beijing to improve … Read more
via Bloomberg: WeWork has only enough cash to last to maybe next spring. It’s losing millions of dollars a day. It may be shut out of the public stock and bond markets to raise new money. So now the two new co-CEOs named to replace Neumann — Sebastian Gunningham and Artie Minson — need to … Read more
The Federal Reserve’s asset purchases likely will total $315 billion over the next six months as it seeks to stabilize overnight funding markets and contain the movements of its target interest rate, according to projections from Morgan Stanley. Those permanent moves will be necessary because the current temporary purchases likely won’t be enough to stabilize … Read more
This is incredible. Buying health insurance for a family now costs the same as buying the family a new car every single year.https://t.co/PucBSiLYyI pic.twitter.com/TQXNzjpfLH — Joe Weisenthal (@TheStalwart) September 25, 2019 Checks out https://t.co/0IcJwt6y4c — cat ferguson (@biocuriosity) September 25, 2019
via Wim Grommen A picture says more than a thousand words. History never repeats itself, but always rhymes. paper “The present crisis, a pattern” Int. symposium The Economic Crisis,Time for a Paradigm Shift http://insightweb.it/web/files/the_present_crisis_a_pattern_paper.pdf …
ICYMI: Hong Kong’s exports fell -6.3% in Aug YoY:• 10th straight month negative• exports to Mainland China (largest buyer) dropped -5.2%• Imports plunged -11.1% Global demand still very weak. pic.twitter.com/du0um7xQbO — Adem Tumerkan (@RadicalAdem) September 27, 2019 https://twitter.com/DavidInglesTV/status/1177369993152843776 As far as the German manufacturing sector is concerned, the PMI indicators are now looking worse than … Read more
by BestUserEU
by Pam Martens and Russ Martens, Wall St On Parade: Editor’s Note: We have a news flash for our reporting colleagues at mainstream media – you are missing high drama and great quotes by failing to cover the Wall Street-related hearings being held regularly by the House Financial Services Committee. This Committee is dead serious about … Read more
https://www.youtube.com/watch?v=2Amx17i9nI0
by EmperorTauntaun https://i.imgur.com/HS6PacK.png
None so blind as those that cannot see. Trumps base is on fire and it’s going to burn every blue state down. h/t Pinkorchid
https://www.youtube.com/watch?v=himsAuA25XE Jim Hoft from The Gateway Pundit reports, President Trump spoke to the United Nations General Assembly in New York City. It was another historic speech. President Trump called out China, Iran, North Korea and the Taliban. Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2019…
https://www.youtube.com/watch?v=eKvSEcY4F-4 Residents of the San Francisco neighbourhood of Clinton Park chipped in together to purchase and install large boulders on the streets of their neighbourhood in an effort to prevent the homeless from setting up encampments in the area, footage filmed on Thursday shows. “Well they don’t want us to sit up or anything like … Read more
The poorest Zip codes, but only those with 10,000 or more income tax filers. 1) Camp Lejeune 28542 $12,526 2) Camp Pendleton 92055 $13,037 3) Calexico 92231 $14,567 4) El Paso 79905 $14,874 5) Baton Rouge 70802 $14,906 6) San Antonio 78207 $15,218 7) Gallup 87305 $15,459 8) Tallahassee 32304 $15,582 9) Laredo 78046 $15,702 … Read more
by Fabius Maximus Summary: Demographic changes are the essence of social change. The composition of America’s population will change drastically during the next 50 years. We are not preparing for what is coming because we pretend nothing will happen. © Siri Wannapat | Dreamstime. (1) An equal distribution by age Age distribution graphs were always some … Read more
by Martin Armstrong Cathay Pacific Airways Ltd. suffered a 12% drop in passengers due to the Hong Kong protests. Airfare prices are dropping in an attempt to win back visitors. Consequently, Cathay Pacific Airways is looking to sell a U.S. dollar bonds as there are rising fears that the Hong Kong peg may break with the protests. … Read more
