It is both. Now the companies are paying 12% not 8%, but they have extended their durations. Lenders are happy to let equity holders worry about valuations, as long as the spice continues to flow.

U.S. high-yield bonds are very expensive relative to history - their spread over U.S. Treasurys is narrower now than 85% of the historical data

Part of the reasons why this multi-billion dollar asset manager is leaning away from bonds and into stocks

rb.gy/5y2bsa

non-starter

Of CRE? Nonsense

wow

🚨J POW: FOMC early preview.🔊🔊🔊

(I know this is a little late, so please RT/QT).

It's a decent answer to a stupid 'gotcha' question. haley probably took t for granted that the moron with microphone knew that slavery was the core issue, but assumed he was interested in the limits to which States rights and the idea of a commonwealth could be tested.

evidently, using the logic of 'what year is it' nonsense.

pair, not pain, lol.

According to Harvard Business Review only 46% of the S&P 500 made ANY investments in R&D at all in 2018. Of that 46%, 38 companies accounted for 80% of the spending. Wanna guess how many had buyback plans in place?

ABS is a party trick. It is designed to multiply fees by 'securitizing' loans that would normally reside on bank balance sheets, and to create supplies of 'yield' in a low rate environment. But you cant make AAAs out of shit unless you can sell SOMEBODY the BBBs. The ratings...

Crypto is so 2019. AI is stealing all the collective thunder now.

Brave guy: “I have zero fears of office becoming a sector that cannot provide for my family or my heirs,” said Justin Smith, founding partner of Dallas-based office owner TXRE Properties ⁦Daniel McNamara⁩ ⁦Danielle DiMartino Booth⁩ bisnow.com/national/news/…

Baufinanciaphaster nailed it. You know him? You two would love each other. Separated at birth.

Would that make you happy? Asking for a friend.

White evangelicals express the least support for the existence of more than two genders.

Atheists express the most support.

You can find the survey stats in Ryan Burge 📊's post here: religioninpublic.blog/2021/02/26/doe…

Now we have gone from a bailout of a bank to bailout of all banks. You are getting warmer.

That would be between you, Mao and Joe. I can only speak for me, and I don't care what you believe.

Stimpyz 🔥🇺🇸 KC 🇺🇸🔥 Are you serious? Hoping you are joking.

You can raise taxes all you want (and all you can) to pay for benefits and wealth transfers. But no more deficits. Period. 30 Trillion is too much. Get used to it.