Corporate debt crisis imminent? 60% of corporate debt issued by companies in the Russell 2000 is rated as Junk; Since 2009, corporate America has bought back $4 trillion of its own shares and doled out $3 trillion to shareholders in dividends.

pic.twitter.com/PDSiYUEB2X — M/1_LP (@MI_Investments) August 23, 2018 via Bloomberg: “Since March 2009, corporate America has bought back $4 trillion of its own shares and doled out $3 trillion to shareholders in dividends. That’s equivalent to about a third of the …

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More than 1/3 of U.S. technology companies that have gone public since 2010 still have negative cash from operations; The smart-money is continuing its exodus of the stock market

Cash Wildfire Spreads Among Young Tech Companies It’s time to get real about the financial fragility of young technology companies. Far too many are living beyond their means, flirting with disaster and putting their investors at risk. Bloomberg Opinion examined …

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Journalist Tim Pool; “We have handed over the public square to private companies. These companies can now decide who gets to participate in political debate. This is where most people debate and share ideas and now we have no right to the public discussion.”

by AssuredlyAThrowAway Putting aside the content of any given act of censorship (although the Alex Jones situation is certainly what drove the above quote), the insight of Tim Pool’s statement reflects a nuanced understanding as to the more fundamental (and terrifying) shift …

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Companies will need to refinance about $4T of bonds in the next year, almost all of it at higher rates. This will hit debt-burdened ones that are already struggling and make it almost impossible for some to keep operating.

Lenders, i.e. high-yield bond holders, will try to exit their positions all at once only to find a severe shortage of willing buyers. The following week in Train Crash Preview, I listed the steps in which I think the crisis …

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Heavy-Truck Orders Explode, Trucking Companies Struggle with “Capacity Crisis,” Truck Makers & Supply Chains are Inundated, Backlog is Ballooning, But it’s a Cyclical Business

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “Fleets are desperate for more equipment, but trucks are in short supply due to the supplier constraints.” Orders for heavy trucks that haul trailers loaded with anything from junk food to oil-field equipment across the US …

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