China’s Government Bond Market Sounding Loud Deflationary Alarm. Is the Japanification China Has Warded Off Finally Arriving?
China’s investors are in freakout mode about deflation risks. Can its government turn the fundamentals around?
Read more...Category Archives: Credit markets
Wall Street Journal Tries “Recovery Finally Underway” Office Space Patter as Securitized Office Mortgage Delinquencies Hit a New Post-Crisis High of 10.4%
The Journal gets egg on its face for trying to call a bottom in the office space market even as delinquencies were accelerating
Read more...Nissan in Crisis, “12 or 14 Months to Survive,” as Size, Difficult Conditions for Non-China Carmakers Make Rescue Seem Remote
Nissan, with intensifying cash flow woes and vultures circling, looks like a canary in the coal mine for non-China carmakers.
Read more...Longer-Term Treasury Yields & Mortgage Rates Explode, Yield Curve Un-Inverts Further as Bond Market Gets Spooked
Stock jockeys love Trump and bond vigilantes do not. What do their diverging views say about the prospects for the US economy?
Read more...Michael Hudson and Richard Wolff: BRICS High Aspirations Versus Cautious First Steps
Michael Hudson and Richard Wolff discuss the recent BRICS summit as well as its rapidly-evolving geopolitical backdrop.
Read more...Wolf Richter: Boeing Launches $22 Billion Share Offering to Get Breathing Room, Dodge Junk Credit Rating, after Having Wasted $64 Billion on Share Buybacks
With the equity raise as outlined today, the company will have some limited financial breathing room, and will likely avert a near-term down grade to junk, so one day at a time.
Read more...Private Equity Pummeled by Higher Interest Rates as Portfolio Companies and Credit Funds Struggle; Use of PIK Loans Now Recalls Late 1980s LBO Crisis
More and more private equity and private credit deals are looking over-extended. How bad might things get?
Read more...Naked Capitalism’s Skunk Party Manifesto Finds a Home in the New Kentucky Party
The Skunk Party Manifesto explained how the best political system money can buy is great for its customers and lousy for the rest of us
Read more...Michael Hudson: Debt, Economic Collapse and the Ancient World
Robinson Erhardt conducts a wide-ranging discussion of Michael Hudson’s work, including the social cost of debt bondage and rentierism
Read more...Michael Hudson: Forgiveness, Foreclosure, & Christianity
Michael Hudson reprises a favorite theme of how the salutary practice of debt forgiveness came to an end under Greco-Roman oligarchs
Read more...The Death of the Engineer CEO: Evidence that Short-Termism and Financialization Had Become Ascendant
A look at how some turning points in the history of Corporate America, such as CEO changes of guard, explain how America hollowed itself out.
Read more...The Irrationality of Markets
More evidence that the current level of advanced economy secondary market trading is bad for economic health.
Read more...How Kamala Harris Sold Out Struggling Homeowners to Save Banks in 2012 and Then Lied About It
Kamala is under scrutiny for policy flip-flops. Even worse is her lying about the badge of shame known as the 2012 National Mortgage Settlement.
Read more...Repaying Bank Loans Destroys Money
Richard Murphy discusses a key, and not well understood, implication of repaying bank loans.
Read more...Let’s Abolish the Colonial IMF on Its 80th Birthday
Developing country protesters want the IMF to stop exploiting countries in debt crisis. But is BRICS prepared to fill the gap?
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