Category Archives: Debt

lufthansa

High yield bonds flying in Europe….

Growth hits a wall, Mario drops interest rates and Europe just shuffles along. While investors now have the pleasure of paying the Irish government to lend them money the thirst for yield remains unsated….

September 11th, 2014 by

Debt

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enda happy

Headline of the day…..Ireland!

Well, well, well….. the credit slaughterhouse sovereign called Ireland which not long ago went cap in hand to the IMF and Frankfurt for a bailout is now in the happy position where lenders pay them to borrow!

September 5th, 2014 by

Debt

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china watch

These China debt mountains need to be watched…

We have regularly written about the China trust/shadow banking system on these pages but our expectation of some summer turmoil and defaults didn’t quite pan out. Nevertheless, the numbers continue to stagger….

September 5th, 2014 by

Debt

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china debt

China debt story bubbles away….

The WealthiFi site is peppered with China debt updates but we were half expecting a bit more news flow this summer. So far, not so much but the $14 trillion corporate debt story isn’t going away..

July 17th, 2014 by

Debt

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bulgaria

Bulgaria, bonds and banks on risk holiday….?

In this low volatility world it is fascinating to watch comfort levels in the current market. Witness Bulgaria which has suffered two bank runs in the space of a week and has just received an EU emergency line of credit … Continue reading

June 30th, 2014 by

Debt

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china germany

China’s shadow banking system now larger than German GDP!

The banking world throws up such huge numbers it is dangerously easy to lose track of real world context. The latest numbers from the Chinese themselves indicates its non-banking credit system is $4.4 trillion.

May 13th, 2014 by

Debt

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debt tsunami

China corporate cash flow decline meets debt tsunami….

WealthiFi readers know we are concerned about maturing debts in the China shadow banking system due this summer. The following story via ZeroHedge is less than encouraging and focuses on corporate revenue growth.

May 6th, 2014 by

Debt

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eu flag

Euro financial union now complete?

These are dizzying days for observers of once struggling peripheral EU sovereign debt markets. Portugal is on the cusp of a bail-out exit while yields on Irish, Italian and Spanish bonds hit multi-year or even all-time lows.

May 1st, 2014 by

Debt

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bond calls putin

Will Putin listen to the bond market?

President Clinton’s advisor James Carville has famously said reincarnation holds lots of opportunities to return with influence  “But now I want to come back as the bond market. You can intimidate everybody”.

April 15th, 2014 by

Debt

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frankenstein2

Japan’s Frankenstein economics experiment update….

WealthiFi readers will know we are keeping a close Q2 eye on Japan and the impact of its new sales tax. BOJ is holding firm and not expanding its asset buying programme so consumers are on their own for now.

April 9th, 2014 by

Debt

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