— Gianluca (@Theimmigrant84) August 18, 2021
— TC (transcript reader) (@TESLAcharts) August 18, 2021
Buy the dip effect + FANGs are the new 'safe' zero coupon perpetual bonds with unlimited upside .. pic.twitter.com/Dz858f8R0R
— Rothko Research Ltd. (@RothkoResearch) August 18, 2021
A boom in US corporate borrowing has laid the foundation for a wave of defaults at financially risky companies, according to leading debt rating agencies that assess and rank bonds and loans.
China could be making inroads in a long-standing battle to deal with local governments’ so-called “hidden-debt” as the economy’s rebound gives officials room to focus on tackling financial risks.An analysis of local governments’ finances shows a difference of 668 billion yuan ($103 billion) between the amount of refinancing bonds sold in the first half of the year…