Showing posts with label leverage risk. Show all posts
Showing posts with label leverage risk. Show all posts
Friday, April 17, 2020

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

›
My article summing up some corporate finance lessons from the COVID19 crisis is now available at The Currency :  https://www.thecurrency.n...
Sunday, January 5, 2020

5/1/20: EU's Latest Financial Transactions Tax Agreement

›
My article on the proposed EU-10 plan for the Financial Transaction Tax via The Currency : Link:  https://www.thecurrency.news/articl...
Monday, September 23, 2019

23/9/19: Corporate Finance in a Chart

›
The glut of debt and the unbearable lightness of corporate leverage:
Thursday, June 13, 2019

13/6/19: Russian International Reserves and Government Debt

›
Earlier today, an esteemed colleague of mine tweeted out the following concerning Russian foreign reserves: Which is hardly surprising...
Thursday, May 16, 2019

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

›
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...

›
Monetary policy 'normalization' is over, folks. The idea that the Central Banks can end - cautiously or not - the spread of negati...
Monday, September 3, 2018

3/9/18: Bakkt: One New Exchange, Two Old Exchanges, Same Crypto Story?

›
My comment on the new #cryptocurrency exchange project involving Intercontinental Exchange (ICE), the New York Stock Exchange (NYSE), Micr...
Sunday, May 20, 2018

19/5/18: Leverage risk in investment markets is now systemic

›
Net margin debt is a measure of leverage investors carry in their markets exposures, or, put differently, the level of debt accumulated on...
Sunday, October 22, 2017

22/10/17: Leverage risk and CAPE: Why Rob Shiller Might Be Wrong

›
Rob Shiller recently waxed lyrical about the fact that - by his own metrics - the markets are overpriced, yet no crash is coming because t...
Friday, October 6, 2017

5/10/17: Leverage Risk, Credit Quality & Debt Tax Shield

›
In our Risk & Resilience class @ MIIS, we cover the impact of various aspects of the VUCA environment on, amongst other things, the We...
Friday, May 19, 2017

19/5/17: A Reminder: Social Security is Only Getting More Insolvent...

›
On foot of my earlier post on U.S. household debt, it is worth mentioning another, much-overlooked in the media, fact concerning U.S. rea...
Sunday, May 8, 2016

8/5/16: Leverage and Management: Twin Risks or Separate Risks?

›
A new paper “ How Management Risk Affects Corporate Debt ” by Yihui Pan, Tracy Yue Wang, and Michael S. Weisbach (NBER Working Paper No. 2...
Thursday, April 28, 2016

27/4/16: The Debt Crisis: It Hasn't Gone Away

›
That thing we had back in 2007-2011? We used to call it a Global Financial Crisis or a Great Recession... but just as with other descripto...
Monday, April 18, 2016

18/4/16: Leverage Risk, the Burden of Debt & the Real Economy

›
Risk of leverage has been a cornerstone of our recent lectures concerning the corporate capital structure decisions in the MBAG 8679A: Ris...
Monday, September 19, 2011

19/09/2011: Highly Leveraged Banks' real impact on economy

›
An interesting paper from CEPR sheds some (largely theoretical) light on the real side of the current global financial crisis. CEPR DP8576 t...