Carnage: Tesla’s Bond Plunge

via Ploutos Summary Tesla’s bonds fell to new lows last week after a rating downgrade and disappointing headlines. The bonds have widened by over 200 bps since issuance, pricing the bonds in the high $80s. The company’s high equity valuation and deeply speculative …

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Jim Grant: It’s a Very Risky Time

Grant’s Interest Rate Observer Founder and Editor James Grant and CNBC’s Rick Santelli discuss the otherworldly nature of credit markets. Santelli Exchange: Jim Grant on the markets from CNBC. Margin Debt hits historical levels, watch this spread! CLICK ON CHART …

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