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Corporate Credit – A Chasm Between Risk Perceptions and Actual Risk

Corporate Credit – A Chasm Between Risk Perceptions and Actual Risk Shifts in Credit-Land: Repatriation Hurts Small Corporate Borrowers A recent Bloomberg article informs us that US companies with large cash hoards (such as AAPL and ORCL) were sizable players in corporate debt markets, supplying plenty of funds to borrowers in need of US dollars. […]

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“Risky Business”: Companies Are Now Funding Share Buybacks By Selling Bonds To Other Companies

“Risky Business”: Companies Are Now Funding Share Buybacks By Selling Bonds To Other Companies One of this year’s key narratives has been the degree to which US stocks have benefited from a perpetual, price insensitive bid. By that we of course mean corporate buybacks, which one might fairly characterize as having replaced the monthly flow […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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