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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Facebook has given at least 4 Chinese companies access to user data. One has been flagged by U.S. intelligence as a security threat

https://twitter.com/Breaking911/status/1004140545944489985?s=20 Facebook gave special access to communist Chinese government that allowed them to “retrieve detailed information on both device users and all of their friends — including work and education history, relationship status and likes.” Facebook has data-sharing partnerships with at …

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Independent mortgage companies get home loans for borrowers with weak credit or low incomes—and taxpayers back them

by COMPUTER1313 https://www.bloomberg.com/news/features/2018-05-24/small-time-bankers-make-millions-peddling-mortgages-to-the-poor Taylor had recently filed for bankruptcy because of his $25,000 in credit card debt. But he just bought his first home for $120,000 with a zero-down loan from Christian’s company. Monthly debt payments now eat up half …

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RED ALERT: ‘76% of companies that went public in 2017 had negative earnings, the highest level since the peak of the dot-come era’

WTF–> "76% of companies that went public in 2017 had negative earnings, the highest level since the peak of the dot-come era," h/t @macrodidact pic.twitter.com/44svckh6Nc — Alastair (@StockBoardAsset) May 17, 2018 "Corporations have returned $992 billion to shareholders in the …

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