Showing posts with label debt. Show all posts
Showing posts with label debt. Show all posts
Saturday, June 13, 2020

12/6/20: American Love Affair with Debt: Part 2: Leverage Risk

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I have earlier updated the data on the total real private economic debt in the U.S. as of the end of 1Q 2020 here:  https://trueeconomics....

12/6/20: American Love Affair With Debt: Pre-COVID Saga

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Latest data for debt levels at the U.S. non-financial businesses and households (including non-profits) is out this week. So here are the ...
Friday, April 17, 2020

16/4/20: Lessons in Corporate Finance: COVID19

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My article summing up some corporate finance lessons from the COVID19 crisis is now available at The Currency :  https://www.thecurrency.n...
Monday, March 9, 2020

9/3/20: Beware the Endlessly Inflating Global Debt Bubble

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My latest article for Manning Financial on the global debt overload is available here:  https://issuu.com/publicationire/docs/mf_spring_20...
Wednesday, October 16, 2019

16/10/2019:Corporate Bond Markets are Primed for a Blowout

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My this week's column for The Currency  is covering the build up of systemic risks in the global corporate bond markets:  https://www....
Sunday, September 1, 2019

1/9/19: Priming the Bubble Pump: Extreme Credit Accommodation in the U.S.

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Using Chicago Fed National Financial Conditions Credit Subindex (weekly, not seasonally adjusted data), I have plotted credit conditions m...
Saturday, August 24, 2019

23/8/19: Counting Trillions: The Unrelenting March of Debt

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The never-ending march of leverage: Between 2001 and 2008, Big 4 Non-Financial Sector Debt rose USD 30.04 trillion or 96.5 percent fr...
Thursday, May 16, 2019

16/5/19: Identifying Debt Bubble 4.0

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Having just posted on the debt supercycle-related comments from Gundlach ( https://trueeconomics.blogspot.com/2019/05/16519-gundlach-on-us...

16/5/19: Gundlach on the U.S. Economy and Debt Super-cycle

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U.S. growth over the past five years is based “exclusively” on government, corporate and household debt, according to Jeffrey Gundlach, ch...
Monday, April 22, 2019

22/4/19: At the end of QE line... there is nothing but QE left...

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Monetary policy 'normalization' is over, folks. The idea that the Central Banks can end - cautiously or not - the spread of negati...
Friday, April 5, 2019

5/4/19: Does Government Debt Matter? The Reality of Fiscal Multipliers

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There has always been a lot of debate in economics about the effects of debt (especially sovereign debt) on growth and fiscal dynamics. An...
Wednesday, February 20, 2019

20/2/19: Crack and Opioids of Corporate Finance

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More addictive than crack or opioids, corporate debt is the sand-castle town's equivalent of water: it holds the 'marvels of castl...
Friday, February 15, 2019

15/2/19: Still Drowning in Love [for Debt]...

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Debt... Sovereign debt... and Valentines... A decade post-GFC, we are still shedding love to our overly-indebted sovereigns... so not...
Friday, December 28, 2018

27/12/18: Mr. Draghi's Santa: Ending QE, Frankfurt Style

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It's Christmas time, and - Merry / Happy Christmas to all reading the blog - Mr. Draghi is intent on delivering a handful of new prese...
Saturday, December 22, 2018

22/12/18: Chile on course for a higher credit rating

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My recent comment on improving credit conditions in the case of Chile via Euromoney: https://www.euromoney.com/article/b1by3mb0pskp43/chil...
Saturday, November 17, 2018

17/11/18: Nine in Ten in the Red: Asset Markets YTD Returns Signal Risk Repricing

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According to a recent research note from the Deutsche Bank, 89% of global macro assets are posting losses on year-to-date basis. This is t...
Friday, November 16, 2018

16/11/18: The Horsemen of the Financial Markets Apocalypse

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My column for the Manning Financial   is now available here:  http://issuu.com/publicationire/docs/manning_financial_november_2018?e=16572...
Tuesday, October 30, 2018

29/10/18: Corporate Credit and the Debt Powder Keg

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As it says on the tin: despite growth in earnings, the numbers of U.S. companies that are struggling with interest payments on the gargant...
Tuesday, October 2, 2018

2/10/18: Government Debt per Employed Person

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We often see Government debt expressed in reference to GDP or in per capita terms. However, carry capacity of sovereign debt depends not a...
Sunday, September 9, 2018

9/9/18: Populism, Middle Class and Asset Bubbles

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The range of total returns (unadjusted for differential FX rates) for some key assets categories since 2009 via Goldman Sachs Research: ...