CDO

The Secret History Of The Banking Crisis

"Accounts of the financial crisis leave out the story of the secretive deals between banks that kept the show on the road. How long can the system be propped up for?"

As The S&P 500 Becomes One Giant ETF, BofA Has Four Major Warnings

As ETFs control increasingly more of the S&P 500, and now account for more than a third of overall stock ownership, Bank of America warns to expect higher single-stock volatility, valuation distortions and liquidity concerns in the coming years, and issues the following four warnings to traders and investors...

Albert Edwards: "Citizens Will Soon Turn Their Rage Towards Central Bankers"

"In an age of “radical uncertainty” how long will it be before angry citizens tire of blaming an impotent political system for their ills and turn on the main culprits for their poverty – unelected and virtually unaccountable central bankers? I expect central bank independence will be (and should be) the next casualty of the current political turmoil."

June: The Trifecta For Policy Error?

With further deteriorating GDP and other metrics, along with no fiscal stimulus possibly seeing the light of day (meaning actually signed into law) for the rest of 2017, along with a potential government shutdown and a June hike now to be considered a done deal (and a prudent one at that), the possibilities for major 'policy error' are soaring...

Trump Concerned There Are Too Many "Goldman Guys" On His Team

According to Bloomberg, Goldman banker Jim Donovan is under consideration for the No. 2 job at the Treasury Department, but he’s got one big thing working against him: Too many “Goldman guys” already have high-up positions in the Trump administration.

Surge In Online Loan Defaults Sends Shockwaves Through The Industry

In a page taken right out of the CDO book of 2007, delinquencies and defaults on at least four different sets of bonds have reached the "triggers" points. Breaching those levels would force lenders or underwriters to start paying down the bonds early, redirecting cash from other uses such as lending and organic growth. According to Bloomberg, one company, Avant Inc. and its underwriters, will have to begin to repay three of its asset-backed notes, which have all breached trigger levels.