#Subprime mortgage crisis

The notoriously acquisitive Chinese conglomerate HNA - which recently had a sharp falling out with Beijing resulting in a margin call "shocksave" - is facing a serious cash crunch in 2018 as nearly a quarter of its $100 billion in debt – a large chunk of which was accumulated during a multi-year

Since the US government nationalized the two GSEs in 2008 in a $187 billion bailout of the mortgage giants, there have been consistent calls for them to be wound down and for the private sector to fill the void. As we discussed, this view is, or was, shared by new Fed Chairman, Jay Powell. Mr.

In the aftermath of the 'great recession,' private equity firms placed massive bets on subprime auto finance companies with the typical "thesis" going something like this: "well, people have to get to work don't they?"...genius, if we understand it correctly. Of course, the "thesis" seemed to be

Here we go again, again.   The unemployment rate is at a historic low.  GDP is above 3% and with the recently enacted historic tax cuts, poised to go much higher.  Inflation is at the Federal Reserve’s target.  Housing starts and sales are booming and housing supply is at an all-time low.

Authored by Pater Tenebrarum via Acting-Man.com, Another Shoeshine Boy Moment We recently pondered the markets while trying out our brand-new electric soup-cooling spoon (see below). We are pondering the markets quite often lately, because we believe tail risk has grown by leaps and bounds and we