Lex Greensill, Softbank, credit insurers, fund managers and BaFin all played a part in billions being lost
Debt
In a Crisis, the Quality of Spending and Debt Matters
There is no free lunch, Keynesian responses do provide short term stimulus but place an anchor on future economic growth.
There’s Always Something Interesting Happening in Debt Markets
If you venture off the well trodden pathways, there’s always something interesting happening in debt markets.
A Chance to Reset in Debt
For those that seek out the illiquidity premium, this is a rare opportunity to increase your prospective return whilst decreasing the risk of long-term capital loss.
Tech Wreck 2.0 and Debt Wreck 2.0 are Coming
In both equity and debt markets investors are buying securities that have identical characteristics to the disasters of the recent past.
Reflections on Ray Dalio’s Book on Big Debt Crises
Ray Dalio’s seminal book should be read by all investors and policy makers. However, following its policy prescriptions helps create the next debt crisis.
Emerging Markets: Nothing New Under the Sun
The events overtaking Argentina and Turkey in recent months are textbook cases of an emerging market crisis. This article reviews the build-up, the break-down, the responses and who else is at risk.
The Dirty Dozen Sectors of Global Debt
This article details twelve global debt sectors where there’s lax credit standards and increasing risk levels, pointing to global credit being late cycle with limited upside left beyond carry.