bankruptcy

The line that sticks out for me from my last post in re-reading it went something like this: "So, now I am in the uncomfortable position of being relatively sanguine about the near term but concerned about future trends." I want to expand…

All eyes today are on the Federal Reserve because the Federal Open Market Committee is due to release its policy statement. There is an unusual amount of interest in what Fed Chairman Jay Powell says at the subsequent press conference…

I am in the middle of watching an entertaining interview of Mark Cuban by Larry McDonald on Real Vision right now. I haven't got to the part to which I assume the title refers:  "Mark Cuban — This Feels a Lot Like the Internet Bubble". But,…

The iconic department store, Sears, has filed for protection under Chapter 11 of the US bankruptcy code. Retail has changed a lot in recent years. And for Sears specifically, this bankruptcy has been coming for a long time. It was signalled…

Some thoughts on China's options as the trade war with the US escalates to an uncomfortable level

I have been pretty sanguine about the markets and the US economy. Yes, the commodities complex is worsening, but that doesn't mean this feeds through enough into other sectors to force the market down. And the real economy isn't at stall…

No one has denied that China was overdue for a credit shakeout due to the Chinese government’s desire to stem excess credit growth as the economy rebalances. The question has always been about how much of a shakeout Chinese policy makers…

Detroit was allowed to declare bankruptcy last year. While economists often focus on the barriers to entry, by removing the stigma from bankruptcy and easing the process, it makes lowers the barriers to exit. This stands in stark contrast…

Here are some quick points on the Cyprus deal which the Eurogroup agreed to last night. The agreement outline is very much along the lines of what I have been recommending regarding bail-in guidelines and is therefore a much fairer deal…

The latest information on Cyprus is that the ECB has told the Cypriots it could no longer extend the ELA facility being used by the now bankrupt Cypriot financial institutions. Cyprus has until Monday to find the funds to support their…