Spreading the truth. Empowering the people.
here comes first of many High Yield defaults$NMG #NeimanMarcus pic.twitter.com/FyQXGcUXCd — Tian (@RealTianZeng) March 23, 2020 $HYG $JNK $BKLN $LQDJunk bond default rate to triple within 12 months, S&P says … Read more
by Jburd6523 Your 11 year bull market that thrived on low interest rates, and low unemployment encouraged a lot of big dick financial risk taking behavior by large corporations who … Read more
The entire world has completely ‘misunderestimated’ the Corona Virus… from Simon Black via Sovereign Man On November 6, 2000, then US presidential candidate George W. Bush told a crowd of cheering supporters, “they … Read more
The sudden economic stop caused by coronavirus containment measures will cause a global recession this year and could see U.S. corporate default rates spike above 10% in the next 12 … Read more
Do you think that this will cause a COLLAPSE? Or it will reverse and we’ll be better off in a couple months? There is absolutely no certainty right now. Everything … Read more
But rising defaults also mean that global investors have to abandon some assumptions about which borrowers are safe. There are some nasty surprises on the long list of companies that … Read more
via mishtalk: Defaults are up for the first time since the great financial crisis. But as rates fall, a refi surge will help millions. The Black Knight Mortgage Monitor shows the first annual … Read more
via Zerohedge: China’s economic slowdown and heavy debt load is affecting everybody in the country – even it’s “jewelry queen”, Zhou Xiaoguang, according to the Wall Street Journal. Zhou, who went from selling … Read more
In your opinion, is a potential failure in China a catalyst for the Global Economic Collapse? The global economy is weak. We’ve seen the numbers weakening since 2018 and beyond. … Read more
Neoglory has the inglorious title of biggest 2019 defaulter A state-linked issuer is among the five biggest in year so far This year is shaping up to be the biggest … Read more
via Zerohedge: As each of the seven largest credit-card issuers in the US reported a troubling jump in default rates to levels not seen in the better part of a … Read more
by Martin Armstrong QUESTION: You always mention how there were defaults and suspension of debt during the Great Depression by states and municipals. Was this also true in Canada? JRT … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Painful moment of truth for banks & investors. “Uncertainty over the accuracy of the companies’ books and disclosure of pertinent information”: Fitch Ratings. Defaults by Chinese … Read more
Asian Debt Defaults to Rise as Currencies Weaken, Liquidity Tightens China, India cited as main spots to watch for more nonpayments Shadow banking crackdown, rising rates hurting weak borrowers A … Read more
MSNBC Legal Analyst: Kavanaugh’s Opening Statement Was ‘Kind of Scary,’ a ‘Temper Tantrum’. Next they’re going to tell us to “educate ourselves. Look, it’s not that the left is malicious … Read more
Wolf Richter with Jim Goddard on This Week in Money: A wide-ranging interview on the auto industry, plus how mortgage rates impact housing markets in the US and Canada, and how … Read more