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Whoa, that’s a lot of corporate debt… So, who is going to pay for China’s corporate debt balance? High Yield Bond Market decoupling from reality. Headlines * WSJ - Hanjin's Demise: Why Global Shipping Glut Isn't Going Away 9/2. "Despite efforts to consolidate and
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Eight massive shifts underway in energy. U.S. men of prime working age are dropping out of the labor force. Venezuela on the brink of social and economic collapse. Headlines * WSJ - Global Bonds: Even Further Through the Looking Glass 6/16. Long dated bonds continue to fall - generating outsize returns,
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The shipping world is about to change with the opening of new Panama Canal locks. U.S. shale reserves: now you see me, now you don’t. Headlines * FT - Coal use plunges as China cuts back and US turns to gas 6/8. "Global consumption and production levels for
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Venezuela about to become a formal dictatorship. Container shipping industry going through one of its (if not the worst) downturns. A handful of US tech companies are flush with cash. Headlines * Bloomberg - Venezuela's Military Needs to Get Out of Business 5/6. "Venezuela has more than 4,
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Chinese seasonal lending binge. CMBS risk premiums are jumping. More shipping woes. Three key articles that stand out this week are 1) a posting by Bloomberg News "China's New Credit Surges to Record on Seasonal Lending Binge", 2) Serena Ng’s "Warning Light Flashes for