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The Bull Market has returned
On a technical basis at least, the Dow Jones is back in Bull Market territory, rising 21% from the March 9th low. The recession might be still underway (see prior post “Bank lending drops again in...
View ArticleCanadian bank bailout total touches $186 billion
News item: Big Five banks tapped Fed for $111 billion funds during financial crisis I’m reminded of Bill Clinton’s infamous line: “I did not have sexual relations with that woman, Ms. Lewinsky.” Thanks...
View ArticleBusiness isn’t all bad
You’d think another recession is already here, despite growing ADP payroll numbers, incredibly firm business hotel rates and bookings in places like Boston and Miami, and a strong month of domestic car...
View ArticleCarney’s first week abroad a predictable success
Back from holidays in a place where they read The New York Times each morning, and better for it. Of all the world news I read last week, the fact that Bank of England Governor Mark Carney released...
View ArticleEconomic reality should quickly silence Carney critics
Timing can sometimes be everything in life, and there is little doubt that Bank of England Governor Mark Carney had the benefit of a modest economic tailwind in the United Kingdom when he took up his...
View ArticleBloomberg: Regulators stand by while U.S. bank lenders get footloose
It was only last week that I was chiding a couple of the venture debt players for completely dropping their covenants to win the odd deal here and there (see prior post ““No MAC, No Cov” eventually...
View ArticleConflicting signals in public, private debt markets
Depending on your news source, this is either a rosy or horrible time to raise new debt for your mid-large sized company. The publicly-traded high yield debt market has taken a pasting this summer,...
View ArticleAlmost 50% of 2014 U.S. private-equity deals breached bank regulators’...
News report: Federal Reserve Demands Bank to Address Problems With Leveraged Lending It was only a few months ago that I pointed you to a tongue-lashing doled out to the U.S. banking industry by a...
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