Mezz Lenders Still Command High Rates, But Competition is Heating Up
The cost of debt capital for many smaller firms continues to be quite high. While banks, BDCs, CLOs, etc. provide inexpensive senior financing to larger...
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Burying Friedman
I see where Paul Krugman is coming from. And I agree with many of his points. It’s easy to say, especially from a Keynesian or...
China’s Hopes for Bridging the Taiwan Strait
More than six decades after Taiwan’s estrangement from mainland China, the Taiwan Strait still represents the most physically formidable and symbolically inaccessible barrier to Beijing’s...
Why is the Smart Money Selling?
In this past weekend’s missive entitled “Market Hits New Highs, Now What?” I stated that: “It has been a quite phenomenal year in the markets...
Why You Should Care About the Iran Rial Collapse
The Iranian Rial (IRR) has just suffered one of the most cataclysmic crashes in the history of the foreign exchange markets. It is off a...
How Can Apple Inc. (AAPL), BlackBerry Ltd (BBRY) Benefit From This Information?
There is no denying the fact that Apple Inc. (NASDAQ:AAPL) and BlackBerry Ltd (NASDAQ:BBRY) spend countless hours and millions upon millions of dollars perfecting their...
Update: Four Charts to Track Timing for QE3 Tapering
"If the incoming data are broadly consistent with this forecast, the Committee currently anticipates that it would be appropriate to moderate the monthly pace of...
Trade Ideas: Tesla Motors (TSLA)
Tesla Motors (TSLA) had another great day on Thursday. It went from an intraday low of $132.63 to an intraday high of $136.52. The stock...
About the GDP Number
Back in April I predicted a weak 2nd quarter RGDP number, mostly due to the sequester. Tomorrow morning we will find out whether I was...
An Evening with Travel Guru Arthur Frommer
Travel guru, Arthur Frommer, says that now is the best time to travel in 20 years, thanks to a combination of a strong dollar and...