What happens in China is unlikely to stay in China.
Lenders are on pace to underwrite about $550 billion of U.S. jumbo home loans this year, a level last seen in the runup to the 2008 global financial crisis, according to BofA Global.
Central banks need to prepare because global stock markets and real estate are overvalued, while leverage is near record levels for households, corporations, banks and governments.
Five years ago, Honor Finance sold a $100 million subprime auto bond deal to investors the SEC claims was ‘secretly stuffed’ with ‘bad loans’ that executives disguised to look better than they were.
The private sector’s embrace of green finance appears to be yet another gimmick to avoid a real reckoning of what must be done right now to avert disaster.
The right policies would boost productivity, reduce monetary stimulus and rein in financial market excesses
Wall Street and the Fed think everything will turn out ‘just right,’ but stagflation—slower growth and rising prices—is the more likely outcome
The largest part of the nearly $10.6 trillion U.S. corporate bond market sat idle on Monday as investors watch for spillover from the debt woes of China’s second-largest property developer.
Armed with a raft of aid from Washington to offset the COVID crisis, many households now stand on the sturdiest ground in more than two decades, says Voya’s Dave Goodson, head of securitized credit.
Our anti-terrorism strategies have yet to adapt to the “choose your own adventure” ways people become radicalized.