Dogecoin – The Musk Effect!
Elon Musk's Tweets boost dogecoin's value as he believes that dogecoin - which was invented as a joke - is more suited to transactions than bitcoin!
US Q3 Earnings Calls and the Spectre of Inflation!
US Q3 Earnings Calls support the proposition that supply side pressures are leading to increasing inflationary expectations.
Dogecoin, Parody v Reality!
From parody to the sixth-largest digital coin with a total market value of almost $42bn. How celebrity Tweets drive digital valuations.
GPA II – The Phoenix Arises
he €25bn takeover of GE Capital Aviation Services (GECAS) by Aer Cap reunites all the disparate parts of the original GPA. AerCap also comprises the two original company's credited with…
Is the Bank of Japan the latest Bubble?
An interesting development has been the surge in the share price of the Bank of Japan, the Japanese Central Bank. This move does not appear to be supported by the…
Europcar – Bond Auction Flop
Normally when a corporate credit defaults, the purchasers of Credit Default Swap (CDS) protection receive a payout to compensate them for losses. In the case of Europcar, some holders of…
Higher Risk = Lower Rewards!
Overall it is a definite concern that the flows of cash into high-yield bonds and loans are pushing their yield to record lows at a time when defaults are actually…
Lower for Longer?
And the V becomes L? An interesting analysis by Bloomberg who have analysed 36 recessions since 1965 across the G-7 countries and this suggests a L-shaped recovery is more likely…
Hertz – Bankrupt Stock Sale!
Interesting times when the US Securities Exchange Commission feels compelled to stop Hertz, in bankruptcy, selling new shares to the market. Given the capital structure of the company, any shares…
A ‘U’-‘V’ Recovery?
This recession is unprecedented in terms of the speed of its onset, government-mandated shutdowns and the combination of both a supply-side and demand-side shock! The recovery is also likely to…