Banks Once Burned, Now Twice Shy About Taking on More Takeover-Deal-Related Junk Debt
Banks have gotten a painful reminder that originating risky assets like junk bonds and loans can leave them holding the bag.
Read more...Banks have gotten a painful reminder that originating risky assets like junk bonds and loans can leave them holding the bag.
Read more...Hamptons real estate is soft at the high end. A portent for the financial health of the super rich?
Read more...Moodys give an update on the sorry state of public pension funds’ coffers.
Read more...Why the oil price recovery is still a way away.
Read more...Whiting Petroleum Corp. (NYSE:WLL), the largest oil producer in North Dakota, has announced that it will suspend all fracking in the state and cut its budget for this year by 80 percent in a move that sent its shares up 9 percent on Wednesday, back down to a record low on Thursday, and $4.02 Friday morning.
Read more...Another foot-in-mouth moment at CalPERS, this time by the president of the board, Robert Feckner.
Read more...A refinancing bulge is coming awfully soon.
Read more...Is “crash” the right word to describe the Mr. Market’s rattled nerves?
Read more...In The Age of Stagnation, author Satyajit Das has shifted from his usual wry detachment to a sense of foreboding.
Read more...Yet more funny forecasts from the CBO telling you why you can’t have nice things, like a better job market.
Read more...Even Moody’s which is always late to the party with its warnings – but when it does warn, it’s a good idea to pay attention – finally warned: “Don’t fall into the trap of believing all is well outside of oil & gas.”
Read more...Lousy levels of corporate investment are only getting worse….much worse.
Read more...Nothing like the downgrades and the prospect of default to focus the mind….
Read more...Investors are piling into risky, illiquid assets at the worst possible time and for the worst reason: to fake performance.
Read more...Why the high risk spreads in the junk bond market bode ill for the stock market.
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