COVID-19: Tackling a dual economic and health crisis
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
Germany’s Scholz gives ground on eurozone banking union plan – https://on.ft.com/2PVaMt7 via @FT
Beware the private equity echo chamber
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
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
Federal government has dramatically expanded exposure to risky mortgages – The Washington Post
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
Explainer: The Fed has a repo problem. What’s that? | Article [AMP] | Reuters
https://www.reuters.com/article/us-usa-fed-repo-tools-explainer-idUSKBN1W30EJ
Heavy Debt Humbles China’s Business Champions, Including the Jewelry Queen – The Wall Street Journal.
Heavy Debt Humbles China’s Business Champions, Including the Jewelry Queen https://www.wsj.com/articles/heavy-debt-begins-to-crush-chinas-corporate-giants-including-the-jewelry-queen-11562597217
Central Banks Play a Game of Risk Management – The Wall Street Journal.
Central Banks Play a Game of Risk Management https://www.wsj.com/articles/central-banks-play-a-game-of-risk-management-11552233573
Debt machine: are risks piling up in leveraged loans?
Debt machine: are risks piling up in leveraged loans? – https://www.ft.com/content/64c9665e-1814-11e9-9e64-d150b3105d21 via @FT
China’s middle class hit by shadow banking defaults
China’s middle class hit by shadow banking defaults The tip of the spear. https://www.ft.com/content/c55901f0-ff7d-11e8-aebf-99e208d3e521 via @FT