The Fed Forays into Individual Corporate Bonds
The Fed announced two months ago plans for a $250 billion facility to buy corporate bonds in the secondary market, and another $500 billion of new issuance.
About That Jobs Number
Critics have to be wondering: After three months of getting the health picture wrong, are we in for another season of getting all the economic data wrong?
Syndicated Loan Relief
The leveraged-loan market received good news in a recent case when a judge threw out a suit seeking to classify syndicated loans as “securities”.
Testing the Waters
Earlier this week, the Treasury Department sold 20-year Treasury Bonds for the first time since 1986! Why does this matter?
Private Equity Didn’t Make Neiman Marcus or J. Crew Go Bankrupt
If you want to see free enterprise for all it is and all it will ever be, then rejecting the demonization of private equity is a good place to start.
Banning Mergers and Acquisitions: A Bad Idea at a Bad Time
AOC and Elizabeth Warren are from the government and they want to help.
The Mortgage Forbearance in the CARES Act Is Seriously Flawed
Applicants should be required to provide at least basic documentation for their claim that COVID-19 has affected them.
The Fed’s Emergency Measures Should Be Reserved for Emergencies
We must be careful that the central bank’s drastic, necessary response to the current crisis doesn’t become an unsustainable new normal.
In the End, Warren Was Undone by Her Own Dishonesty
Voters didn’t reject the Massachusetts senator because of her policy positions; they rejected her because of her penchant for lying about herself.