debt
The United States is a consumption-driven economy. But over the last half century, the US consumer has been weakening in the face of social and economic pressures.
Dick Cheney said that “Reagan proved that deficits don’t matter.” Richard Vague suspects that Cheney may well have been right.
As Warren Buffett said, “You only find out who is swimming naked when the tide goes out.” Well, the tide is going out and as businesses refinance at higher rates, default rates and distressed exchanges are likely to increase.
If the US government were a normal company, it would have had to declare bankruptcy long ago.
Turkey's economic travails provide a cautionary tale for other developing nations.
Should a loan that one neither intends nor is required to repay be considered debt or equity?
In economics and investing, some concepts have become indistinguishable from articles of faith.
Ray Dalio provides investors with a framework to understand the possible economic scenarios that lie ahead, as well as the investment implications.
Has the bubble in credit markets achieved new momentum? Edward Altman weighs in.
“What we learned from 2008 was that it’s not the size of the losses per se, but rather where the losses sit in the financial system,” says Adam Tooze.