iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
19,125 Blog Posts

Here’s What You Need to Be Worried About

I’ve been compiling the data and parsing over this bond situation and want to remind you this is where it will all end. The series of events to come will start in the corporate bond market, leveraged loans, CLOs — things of that nature. ZH has a great article tonight highlighting the blow up in the leveraged loan market.

Again, there is ~$10 trillion in corporate debt now, about double from 2008 — much of which will need to be refinanced within the next two years. We are already seeing the stress rip apart high yield prices — and more specifically the BBB market — which has been torn to shreds with animalistic vigor.

After that freezes up, the crisis will move swiftly like a warm summer breeze into the pensions, both private and public. Their coverage ratios will get so low — they’ll need to be bailed out. We’ll get to the $1.2 in student loans another night.

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18 comments

  1. helen

    ZH is a russian backed propaganda machine and if you ever read the comments you’ll find all the “deplorables” babbling about idiotic things they do not understand.

    This market is not tradable…When a tweet from the moron in chief sways the market 400 points, stay out!
    China will outlast trump without an agreement. No relief here.
    Fed meeting could have profound impact on the market. Wait til then.

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    • juice

      and so is Wikileaks — a russian-backed propaganda machine, unlike the US-/CIA-backed propaganda machines, for ex the Washington Post, NYTimes, CNN, NBC, ABC, CBS, etc etc etc and therefore truth itself must be Russian-backed propaganda since truth is treason in the Empire of lies.

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    • ferd

      People babbling about things they do not understand and talking out of their ass is a feature of every message board. For example :”ZH is a russian backed propaganda machine”

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  2. Lyndon Keltner

    They locked this stupid white bitch up lmoa

    https://thehill.com/policy/transportation/421273-woman-charged-with-felony-assault-in-racist-tirade-on-nyc-subway

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    • irma vep

      Deep cesspool analysis. Tip of my hat to you. Take 10 and breath.

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    • Dr. Fly

      Say a racist comment again and you’re permanently banned

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      • ericbakerbruce

        Fly – you should have a zero tolerance policy and ban the fool now. You banned sarc, so let’s be fair.

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        • ferd

          Bah. Censorship’s bad. Besides, Russian-troll-sent-to-sow-divisiveness-and-destroy-our-democracy, Lyndon brings a different perspective on things. Besides, one cannot can’t be racist against whites – – although white and female is a gray area.

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        • Dr. Fly

          I gave Sarc about 200 second chances. I try not to censor. People change, narratives change etc

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          • Lyndon Keltner

            To be precise, I’m all for racial harmony and peaceful co-existence while he had/has a problem with most non-Anglo Saxons, especially the Jews.

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      • Lyndon Keltner

        Excuse me, where’s the racism in the comment? She happens to be a bitch (and incidentally white) who was stupid enough to commit a felony in front of two dozen phone cameras.

        Only on right-wing blogs like this do I get called a racist for calling racists out. For real for real.

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  3. irma vep

    I think we should call current market events a “Black Squirrel”. (That’s not a racist comment)

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  4. irma vep

    There really are beautiful black squirrels in the woods of PA. I’d attach a pic if I could.

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