Crossing the Rubicon: Ratings Inflation and The Fed’s Misguided Support for Speculative Grade Debt and CLOs https://www.linkedin.com/pulse/crossing-rubicon-ratings-inflation-feds-misguided-support-dubitsky
The next epidemic… https://www-washingtonpost-com.cdn.ampproject.org/c/s/www.washingtonpost.com/us-policy/2020/04/18/record-government-corporate-debt-risk-tipping-point-after-pandemic-passes/?outputType=amp
https://www.ft.com/content/6ff80724-be75-4b04-8044-049958e49cd5
Desperate need for a collective solution to Emerging Market credit crisis. https://giftarticle.ft.com/giftarticle/actions/redeem/59dc3251-8e44-42ee-85b1-93d34fb8c8c6 via @FT
COVID-19: Tackling a dual economic and health crisis https://www.linkedin.com/pulse/covid-19-tackling-dual-economic-health-crisis-rod-dubitsky
Germany’s Scholz gives ground on eurozone banking union plan – https://on.ft.com/2PVaMt7 via @FT
This article raises 3 key issues related to private equity – 1) when there is a failed IPO do the PEs mark down the private valuation on the assumption that failed IPO implies that private value is too high?, 2) what is the process to ensure private sales and/or swaps are properly valued and arm’s …
Europe’s biggest insurer lambasts ECB over rates Battle rages between central banks worldwide and the rest of the world https://on.ft.com/2nbe0ws via @FT
They’re back. Risky mortgages return. I’m surprised 10 years after crisis a better measure than debt to income ratio hasn’t emerged. Residual income should be considered as preferred measure of mortgage risk. https://www.washingtonpost.com/business/economy/federal-government-has-dramatically-expanded-exposure-to-risky-mortgages/2019/10/02/d862ab40-ce79-11e9-87fa-8501a456c003_story.html
https://www.reuters.com/article/us-usa-fed-repo-tools-explainer-idUSKBN1W30EJ