credit
Brace For Impact: As Credit-Asset Bubbles Pop, The Dominoes Start Falling
by Charles Hugh-Smith The economy is far more precarious than the surface boom/bubble suggests. A great many households, enterprises and municipalities are in overloaded boats whose gunwales are just a few … Read more
Even the big boys screwed up. Credit Suisse said to take loss of $60 million on Canada Goose.
www.bloomberg.com/news/articles/2019-01-25/credit-suisse-said-to-lose-60-million-after-canada-goose-trade Sold the stock at a $60 million loss after Canada arrested Huiwei ceo. Credit Suisse acted as an underwriter on the sale of 10 million shares by Canada Goose … Read more
Jason Burack: US Consumer is Just About Tapped Out? Credit is Freezing Up?
Wall St. For Main St., Released on 1/29/19 Jason talks about the new data from Caterpillar, Apple, ratio of “present situation” to “expectations” from the Conference Board confidence report and … Read more
Sharp slowdown in credit card transaction data, new factory orders suggest that global trade activity will slow further, oil is tanking again on fears of global slowdown
Given the sharp slowdown in credit card transaction data, safe to say that retail sales will miss to the downside. $TLT $SPX pic.twitter.com/vHZErtjEE3 — Teddy Vallee (@TeddyVallee) January 29, 2019 … Read more
Leveraged loans index stalling out, credit impulse is falling…
leveraged loans index stalling out – bad for stock market pic.twitter.com/KTt21h5yqZ — Alastair Williamson (@StockBoardAsset) January 28, 2019 Credit Default Swaps reset after a month of declines? pic.twitter.com/xU4LAqo03F — Alastair … Read more
1 in 3 Americans Aren’t Sure Their Next Credit Card Purchase Will Go Through
Rising interest rates and credit card balances from CNBC. via CNBC: Over 1 in 3 people —or 86 million Americans — say they’re afraid they’ll max out their credit card … Read more
How Long It Will Take to Kill the Average Credit Card Debt in Every State
by howmuch Lots of people make New Year’s resolutions to get their personal financial situation in order, and paying off credit card debt is usually a high priority. Credit card … Read more
Loaded for Bear: Meet the Firms Positioning for the Coming Credit Collapse
via Bloomberg: HPS, Z Capital sold deals that can hold more CCC rated loans Such CLOs offer higher debt returns to compensate for the risk Some of Wall Street’s biggest buyers of … Read more
Credit Suisse: “Sell Into This Stock Rally”
via Yahoo: Get out while you can. In a note to clients, analysts at Credit Suisse (CS) said they still expect 5% upside for the key global markets, but “advise selling developed … Read more
This is what lenders ALWAYS say at the end of a credit cycle. Countrywide said the same in late-2006.
via @lebas_janney: Two banks, $C and $JPM have reported increases in loan loss provisions/credit costs. They’re preparing for the credit downturn, even if they don’t say so outright. On the plus … Read more
Why Credit Cards?
by njc2o For me, its for the rewards and security. To get more specific: Security. When you use a debit card out in the world, you’re giving the world … Read more
Credit cycle is deteriorating quickly
Anyone notice the Leveraged Loan Index did not break in 1Q18 when the stock market corrected -10%. However, the index broke on the -20% stock market correction in late 2018. … Read more
Lynette Zang: HARD LANDING AHEAD – Are The Credit Airbags Ready?
by Lynette Zang of ITM Trading For the first time since 2008, no junk bonds were issued in December 2018. “This is clearly more than year-end jitters,” said Guy LeBas, a strategist at … Read more
Fitch warns of possible downgrade to U.S. AAA credit rating if shutdown persists
via Marketwatch: “I think people are looking at the CBO (Congressional Budget Office) numbers. If people take the time to look at that you can see debt levels moving higher, … Read more