CLOs Join The Everything Bubble
The “Everything Bubble” has jumped from hyperbole to literal truth in just a couple of years, as more and more assets enter crazy expensive, extremely reckless territory. The latest addition…
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Toxic Financial Derivative Sausage Making Is Ramping Back Up?
And the Orwellian Misnomer of the Year Award for 2020 goes to whoever named the new ETF, “AAA”!
Continue readingFund Manager: The Fed Is Going All-In To Keep The System From Collapsing
Dave Kranzler says without the Fed’s intervention, financial meltdown will be ten times worse than in 2008, but that’s coming eventually anyway…
Continue readingDifferent Acronyms, Same Disaster: Bond Ratings Are Once Again For Sale
If we don’t give them the ratings, they’ll go to Moody’s right down the block…
Continue readingFund Manager: The Truth Behind The “Repo” Non-QE, QE Money Printing
Dave Kranzler is certain there’s rapid deterioration in the CLO/leveraged loan market, but that’s not the only thing behind the money printing…
Continue readingAlasdair Macleod: The Ghosts Of Failed Banks Have Returned
Recently, something unusual happened – the Fed escalated its repurchase agreements…
Continue readingFund Manager: An Unavoidable Global Debt Implosion
Dave Kranzler says the current repo funding shortfall may subside, but it will not fix the underlying cause…
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