Something Wicked This Way Comes

by John Mauldin For a couple of years now, the economic narrative has shown a comparatively strong US against weakness in Europe and some of Asia (NOT China). The US, we are told, will stay on top. I agree with that, …

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$1.3 Trillion “Leveraged Loan” Boom Comes Unglued

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The Fed has warned about them, and investors fear a run-on-the-fund.  The $1.3 trillion “leveraged loan” boom is coming unglued: Not because the junk-rated, highly leveraged, cash-flow-negative companies that issued these loans are massively defaulting – …

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For Russia Change Comes Swift

For Russia Change Comes SWIFT By Thomas Luongo November 3, 2018 During the ruble crisis of 2014/15 Russia announced in the wake of U.S. and European sanctions over reunifying with Crimea that it would begin building a domestic electronic financial transfer …

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