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Industry Insights from The Specialty Financing Experts
A Tale of Two Cities

We discuss an oddity of the debt capital markets which seems to be a repeat of something that also occurred during the 2008 financial crisis, that is, a differentiation between levels of corporate debt issuance and asset backed securities (“ABS”, and including collateralized loan obligations “CLOs”) issuance, and explore some of the reasons why this may be occurring.

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Darwinism and the Price of Money

As we continue into the 2nd half of the year and round out a volatile June, we note in our inaugural post-Covid periodic newsletter that aggressive US fiscal and monetary stimulus have resulted in mixed price signaling in the public and private capital markets, and perhaps highly uneven distribution of stimulus throughout the economy.

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