Ultra-low/negative rates aren’t working. U-turn on the cards?
What do you think might be the next economic crisis?
Ireland’s Net International Investment Position maybe not be a cause but it’ll certainly be a major part of the problem. For us at least. Not sure if this has been posted on here before but this is a very good video.
This external facing debt includes the country’s Government and Private debt and it looks like we are the worst in the world by some distance.
Authors interviewed here…
The first wave is about to hit.
GFC epic edition coming quick
The global credit machine is grinding to a halt.
The $2.6 trillion international bond market, where the worlds biggest companies raise money to fund everything from acquisitions to factory upgrades, came to a virtual standstill as the coronavirus spreads fear through company boardrooms.
In the U.S., Wall Street banks recorded their third straight day without any high-grade bond offerings, a rarity outside of holiday and seasonal slowdowns. European debt bankers had their first day of 2020 without a deal on Wednesday. And bond issuance in Asia, where the virus first emerged, has slowed to a trickle.
Investors have pulled over $4 billion from high-yield bond ETFs in the past week, after pouring about $13.4 billion into the funds in the last year, according to data compiled by Bloomberg. The biggest U.S. junk-bond fund — BlackRock Inc.’s $15.2 iShares iBoxx High Yield Corporate Bond ETF, ticker HYG — posted record outflows of nearly $1.6 billion on Tuesday.
U.S. junk-bond funds are on track to see their biggest outflows in more than six months as investors pull back from risky assets amid deepening concerns about the spread of the coronavirus and its economic fallout. The primary market was frozen for a third straight day on Wednesday as issuers assess volatility. Combined with rising risk premiums on U.S. junk bonds, ETF investors are tapping out.
Helicopter money in Hong Kong and Macau