The Fed: "we don't see any signs of bubbles"
Central banks are literally re-creating the 'Roaring 20s's, but starting at the peak post WWII debt levels & with minuscule rate cuts left🤔🤦♀️@judyshel @RobSKaplan @neelkashkari @marydalyecon@EricRosengren @RaphaelBostic @RalphNader pic.twitter.com/DMpzYVsVXh
— M/I_Investments (@MI_Investments) February 5, 2020
"Goldman carried derivatives exposure equivalent to 5,400% of assets at the end of the third quarter, compared to 1,900% and 2,600% for J.P. Morgan Chase & Co. and Citigroup, Inc., respectively." via @GrantsPub
— Rudy Havenstein, currently leading in Iowa. (@RudyHavenstein) February 5, 2020
The share of deals levered 6x or greater spiked in 2019 at 59% but dropped for deals levered at 7x or higher to 23% from 26% in 2018. Learn more about our #MiddleMarket Weekly, a snapshot of current trends and analysis in the middle market by emailing email@example.com pic.twitter.com/3npwidCnHB
— Refinitiv LPC (@LPCLoans) February 5, 2020
Time for the valuation insanity of the day. $AYX is in the fiercely competitive, high overhead IT services business, a massive grower…of SG&A! That's OK. It's a SaaS business. So let's give it a 25x EV-to-sales multiple! Never mind the profitability. Y2K all over again! pic.twitter.com/NHgAvpS7mE
— Kevin C. Smith, CFA (@crescatkevin) February 5, 2020
Using a scientific method initially developed to measure human skulls, researchers from MIT and State Street say there’s a 70% of recession in the next 6 months.