Courtesy of NIRP, CLO’s Are Making a Comeback for the First Time Since Financial Crisis

Some of you are either too young or stupid to remember the financial crisis. Part of it built up thanks to CDO’s, CMO’s and CLO’s. I remember vividly working at my investment bank and was told to sell their CLO products, which yielded 10%+. I said no thanks, quit, started my own shop, and avoided the entire fiasco.

Well, thanks to the negative rate policies in Europe, and over $10 trillion in debt with zero yields, investors are gobbling up this toxic shit again. I wonder what sort of leverage is being used here, in order to get the yields? Maybe they’re leveraging 10-30x? Who the fuck knows? Nothing could go wrong.

“The CLO market looks strong in Europe this year,” said Dominik Winnicki, a London-based credit strategist at Barclays. “There is new money in CLOs, and CLO buyers are a big part of loan demand.”

The growth in CLOs, and a slowdown in new-loan issuance, has pushed leveraged-loan prices in Europe to the highest since 2007, based on an S&P Global Inc. index. New-loan sales fell about 20 percent in each of the past two years, according to data compiled by Bloomberg. This year, they are little changed at 92 billion euros, the data show.

About 12.7 billion euros of new CLOs have been issued this year, and the annual total will probably surpass 15 billion euros, Winnicki said. That’s up from 13.8 billion euros last year and 14.4 billion euros in 2014, he said.

That’s fucking great. We’re now doing the exact same thing that got us into the financial crisis to begin with. Let’s now get rid of Dodd-Frank, permit the investment banks to leverage up their balance sheets on collateralized debt, maybe this time leveraged energy debt, and have a go at it.

This is making the rounds. If you remember the drama from the first debate, which led people to believe Hillary, in fact, had an earpiece in her ear feeding her lines — which brought nothing but rancor from the left — decrying the Trumpsters as sore losers. But, clearly here, in the little video below, you can hear someone whisper ‘dozen’ to Clinton, at a time when she was stumbling about — not really knowing which fucking planet she was on.

Listen.

This is corroborated on the CSPAN feed.

The exact moment ‘dozen’ is heard, both mouths were sealed shut.

Explain that?

So I was going to ignore this interview, since Kelly pissed me off earlier in the show. But she fucking nailed Brazile here, who could only respond by saying the shit we read was false because, umm, Russia and criminal activities led to the release of the Wikileaks. You’re a thief if you read them, fuckers. Seriously, she was abhorrent in this interview and wreaked of guilt.

DNC Interim Chair .@donnabrazile on suggestions she leaked town hall question to @HillaryClinton. #Debate  Part 1/2 pic.twitter.com/uqiWMjPSSD

— News This Second (@NewsThisSecond) October 20, 2016

DNC Interim Chair .@donnabrazile on suggestions she leaked town hall question to @HillaryClinton. #Debate  Part 2/2 pic.twitter.com/sBi9Tt1vIp

— News This Second (@NewsThisSecond) October 20, 2016

She was either on drugs or drunk, or maybe both!

After the debate, I expect Fox to at least cover the substance of the debates, mentioning the policy topics and very serious matters facing all of humanity. Instead, I was entreated to a femi-nazi scorned woman routine, starring M. Kelly. Without question, she prepared this interrogation well before the debate. Without a doubt, Fox is in the tank now for Clinton, save Sean Hannity.

This went on for what seemed like forever, until I had to turn it off upon hearing that Donna Brazile was going to come on the show to tell the American idiot that the things written in the emails, released by Wikileaks, was in fact invalid — since the Russian did it.

Speaking of which, Russia is steaming its largest naval fleet towards Syria since the cold war– in response to the threats the Obama administration have made against them.

We seem very willing and eager to normalize relations with Vietnam, Cuba and Iran, yet for some fucking reason we choose to pick a fight with the country that can blow us up 1,000 times over — literally. Where is the common sense in that?

This was Trump’s best moment, calling for Clinton to give back the tens of millions of dollars that was given to her by The House of Saud — calling the Clinton Foundation a ‘criminal enterprise.’

She replied with crickets.

That’s my opinion, of course. I do believe Trump took her to task on a number of key issues and really hit her hard on Syria, the Wikileaks and her mind-boggling saber rattling against Russia.

The folks at Fox are having mini-strokes over Trump’s reluctance to accept the election results. He said he’d accept them after he saw them. What exactly is controversial about that, given the overt attempts of the DNC to rig the election? In the Wikileaks documents, it was revealed that the DNC openly worked against Bernie Sanders and there have been numerous reports of millions of voters being registered when they shouldn’t.

Juan Williams, Brit Hume and the lot are simply apologists for a government that has proven to be both deceitful and insidious.

Here were some of the highlights.

Trump on Syrian refugees: "We now have them in our country … this is going to be the great 'Trojan Horse'" #Deba… https://t.co/4sVrndsbQ6

— Annelize Bester (@THUTO) October 20, 2016

Trump: "I will keep you in suspense" on if I accept the election results
Clinton: "That is horrifying"#debatenight https://t.co/gVx7ENJKIb

— PBS NewsHour (@NewsHour) October 20, 2016

"Such a nasty woman."

Just when you thought Trump's interjections couldn't get any worse #debatenight https://t.co/RH1P42tnm8

— Fusion (@Fusion) October 20, 2016

.@realDonaldTrump: "the one thing you have over me is experience, but it's bad experience" #DebateNight https://t.co/MIPsSYHJrS

— Sky News (@SkyNews) October 20, 2016

"If we could run our country the way I run my company we would have a country that you would be so proud of" – Trump pic.twitter.com/4MUy1JKEvY

— CBS News (@CBSNews) October 20, 2016

Trump: We have some bad hombres here, and we’re gonna get 'em out.pic.twitter.com/9kRobSRps4

— Breaking911 (@Breaking911) October 20, 2016

Trump to Clinton: "Podesta said you have terrible instincts. Bernie Sanders said you have bad judgment. I agree." https://t.co/1RZ5jv1dwp

— ???? ??????? ??????? (@yassin1515) October 20, 2016

DEVELOPING…

Here’s Aaron Black’s next hit. This is the third video out of James O’Keefe’s Project Veritas. If you’re just tuning in, the first two featured some regular patriots, John Adams like folks, doing their duty for God and Country.

Related: The White House responded to these scandalous videos by suggesting no one should take them seriously and to not just take a grain of salt — but the entire packet. Amongst other things, the White House spokesman said O’keefe was a liar and the actual things that we’re actually seeing aren’t actually true.

“Despite what the name might suggest, these videos have not often revealed the truth,” Earnest said, though he admitted that many Democrats had been forced out of their jobs as a result of O’Keefe’s work.

“Time and time and time again, the information that was released by this organization was a lot different than initial reports would indicate,” he said.

In regards to that Creamer fellow, a criminal who visited the White House 347 times since 2009, visiting Obama 47 times, the press secretary said they didn’t have much of a relationship.

Earnest dodged questions about reports that Creamer had visited the White House 347 times and met personally with Obama 47 times.

“I’m not sure that I can describe it, because, I’m not sure there is much of one,” he said, when asked to describe Obama’s relationship with the Democratic operative.

O’keefe struck back, telling the White House to fuck off.

We got them. Seeing the White House Press Secretary stumble through his denial was embarrassing but this isn’t over. We have hours and hours of footage, including audio recordings of phone calls between Robert Creamer and the White House.

Here is the log of Creamer’s visits to the God King himself.

Every time I run this poll, some of you assholes say ‘Gary Johnson.’ The fact of the matter is, G. Johnson is a huge cocksucking asshole. If anything, Jill Stein is the intelligent one out of the two. Johnson is what I’d consider a walking phallic symbol, an ordinary and very boring idiot.

Cast your votes pre-debate.

Who are you voting for?

— The_Real_Fly (@The_Real_Fly) October 19, 2016

Some of you would like to cite fictional polls that were handcrafted by J. Harwood, showing Crooked Hillary +9. It’s plainly obvious and comical to suggest that a woman who is unable to draw 200 to her rallies could be leading over the populist Trump by such an immense margin. It’s a fiction and part of the agitprop program to demoralize anti-establishment voters.

The new IBD/TIPP poll has Trump +1, heading into the final debate. Both LA Times and Rasmussen are registering a tie — which should bode extremely poorly for team Hillary, who has done all but throw in the kitchen sink at The Donald.

By gender, Clinton does much better among women — 47% to 37% — but Trump’s lead among men is just as strong at 47% to 32%.

Trump does better among parents (46% to 32%), married women (44% to 41%), lower-class households (53% to 37%), and the religious, among whom Clinton’s support never tops 38%. Among those who express no religion, Clinton handily beats Trump 63% to 16%.

Clinton does better among college educated — 45% to 36% — while Trump outperforms Clinton among those with only a high school education — 58% to 27%.

Methodology:
For the results released today, TechnoMetrica Market Intelligence conducted the Investor’s Business Daily/TIPP poll from Oct. 13 through Oct. 18, 2016.

A total of 872 Americans age 18 or older participated in the nationwide survey. Of the 872 respondents, 825 were registered voters and 782 were likely voters.

The story is based on the subsample of likely voters. The margin of error for the likely voters sample is plus or minus 3.6 percentage points at the 95% confidence level.

TechnoMetrica uses “traditional” telephone methodology using live interviewers for data collection for its public opinion surveys. Roughly 65% of interviews come from a cell phone sample and 35% from a Random Digit Dial (RDD) land line sample.

Don’t you find it interesting that Trump is poleaxing Clinton amongst married women by a 3 point margin, yet the media never, ever, ever mentions it? Also, amongst the poor, Trump is a champion — further establishing Clinton and her band of corrupt zealots as a party for the elite, for the benefit of big, entrenched, business.

If by chance you question the accuracy of said poll, just know that it was the most accurate poll during the 2012 Presidential elections.