via bloomberg: Protections built into loans and bonds are being steadily eroded, but investors keep buying. One night in 1982, a group of bankers from Drexel Burnham Lambert gathered at the Quilted Giraffe, a nouvelle cuisine restaurant in New York frequented by Warren …
via Tim Kilgore As benchmark interest rates in the U.S. rise and the pace of corporate earnings growth slows, Moody’s Investors Service warned Friday that an unprecedented number of corporate credit ratings could be added to the “junk” pile. Moody’s …
https://www.youtube.com/watch?v=YiXKBSGHSB0 Some U.S. real estate markets have bounced back strongly since the Great Recession while others have languished. All told, “the recovery is spotty at best.” Now, two new developments are adding risk to the mortgage market. https://www.youtube.com/watch?v=EiFtoy4_uv0 Retail ETF …