WALL STREET EXPECTS U.S. TO ISSUE ABOUT $1TN OF SHORT-TERM DEBT AS BORROWING COSTS CLIMB / THE FINANCIAL TIMES

Wall Street expects US to issue about $1tn of short-term debt as borrowing costs climb Growing reliance on Treasury bills comes as Scott Bes...

$12 TN AND COUNTING / CREDIT BUBBLE BULLETIN

$12 TN and Counting Doug Nolan  Money Market Fund Assets (MMFA) surged $132 billion last week to a record $7.654 TN – the largest increase s...

THE FEDERAL RESERVE`S OTHER PROBLEM / PROJECT SYNDICATE

The Federal Reserve’s Other Problem How much bank leverage – debt relative to equity – is good for the economy, and how much leverage jeopar...

THE WORLD ISN´T PREPARED FOR A WAVE OF SOVEREIGN DEBT DEFAULTS / THE FINANCIAL TIMES OP EDITORIAL

The world isn’t prepared for a wave of sovereign debt defaults Many emerging markets will need painful bond writedowns from China and privat...

SOVEREIGN CREDITORS MUST NOT REWRITE THE RULES DURING THE PANDEMIC / PROJECT SYNDICATE

S overeign Creditors Must Not Rewrite the Rules During the Pandemic If Argentina acceded to the demands of a group of hold-out creditors,...

FINGERS POINT AT HEDGE FUNDS AFTER JAPAN BOND SELL-OFF / THE FINANCIAL TIMES

Fingers point at hedge funds after Japan bond sell-off Trend-following investors switched bets after price crossed key threshold Laurenc...

HISTORY RHYMES / CREDIT BUBBLE BULLETIN

History Rhymes Doug Nolan President Trump and President Xi are meeting in Osaka as I write. We’ll know much more in the morning. Pre-m...