Lovely_sombrero [he/him] @ Lovely_sombrero @hexbear.net

Posts

67

Comments

676

Joined

5 yr. ago

Insane

It will be funny if the stocks go up on lower interest rate hype, meanwhile interest rates on real things like mortgages and car loans go up because this makes even more bondholders sell their US treasuries, leading to higher yields.

Hard to believe this just came out of nothing within a couple of weeks, I guess China really was preparing for this for a while?

So Van Hollen met with Kilmar in El Salvador and Kilmar just had to go back to jail afterwards? Weren't they outside at a restaurant?

Trump is Kamala-ing JD!

So that pause on tariffs happened because a couple of sleuths knew that Trump would be alone and since there would be no counterarguments to them, Trump would just default to whatever they were saying. They even waited to see him type it out, to make sure he didn't just forget about it.

USAID was such a waste of money. You don't need to spend billions on propaganda, just get an intern to do a movie trailer for the "China lab leak". Easy.

COVID.gov now redirects to a teaser explaining that Trump did the lab leak

Ford stops car shipments to China from Michigan and Kentucky.

In April, ~80 cargo ships are "blank sailing" so far, while around 50 were at the height of Covid. So more cargo ships have either cancelled their scheduled travel entirely, or are at least skipping ports than at any point during Covid.

Trump did something to fuck with the student loan system, I completely forget what it was. Anyway, student loan defaults spiked 289%.

Even not withdrawing, but making it so that the deal has to be renewed every year (like the Obama admin did it) would be the same as the deal not existing, since no one would want to do business with Iran, if sanctions can just suddenly be put back on and you lose what you spent the last 11 months building.

Amazing land, great people, you know actually Canada is a disgrace.

Teslas are really made like smartphones. Oh, someone hit your bumper? The repair cost is 50% of what you paid for your new car.

Line down

WE'VE GOT THE PERFECT PLAY, WATCH THIS!!!

He is calling for a revolt of the elites and the PMC lol. The hundred millionaire march.

I will check it out, thanks!

"creditor on creditor violence"

I'd absolutely watch that show!

Oh, I'm looking! I love Cathie. I was talking about the CLO business specifically.

Ah, I will read it, thanks. I clicked on your post right as you wrote it.

Damn, so there is extra bullshit on top of bullshit that I already don't fully understand. That is awesome. I'm guessing that the banks don't really care about the new "super senior" stuff, since this time (unlike 2008) they don't own anything in the chain, once they sell the CLO to a pension fund the banks are no longer at risk from any side of the equation. And that is assuming that private equity didn't already squeeze everything out of the company before it goes bankrupt, like selling its assets and real estate and then doing lease-back for it.

Thanks for the info, it sucks!

[edit]

Goldman Sachs lifted its default projections for US loan borrowers sharply last week, anticipating a 12-month trailing default rate of 8 per cent for leveraged loan issuers by the end of this year — up sharply from a previous estimate of 3.5 per cent.

That is huge! O_o

A jump above that 7.5 per cent ceiling could flip protective switches within CLOs

Ah! I guess this is new?

Yes! But also, I was being sarcastic. The first graph isn't sales, but "prices paid", meaning that there is less stuff being sold, but the stuff that is being sold is being sold at higher prices (giving stagflation vibes).