The SVB Crash Was Just The First Domino
In light of the past week’s extraordinary market events, we’re releasing this “state of the markets” briefing.
Topic
News
A collection of 7 issues
What to Watch After the SVB and Signature Bank Collapses
In today's special edition of Something You Don't Know, you'll find an important briefing from credit analyst and author Martin Fridson, who leads Porter & Co.’s Distressed Investing team.
Coming Soon to a Neighborhood Near You: A Chemical Mushroom Cloud
Norfolk Southern is the latest poster child for the pitfalls of financial engineering. Years of reckless cost cutting and debt-fueled buybacks, at the expense of infrastructure upgrades, have caused an ecological disaster.
A Huge Recession Red Flag Just Popped Up
Every once in a while, a financial panic or deep recession provides the rare chance to buy quality merchandise at fire-sale prices. The time isn't now, but it's coming.
I Almost Went to Jail in Qatar – Here’s What I Learned
Last week, Qatar signed a deal to supply Germany with liquefied natural gas equivalent to around 6% of total pre-invasion German demand. And that was just a side dish compared to a deal sealed the previous week.
The Real Reason Why Airlines Have So Much Baggage
Cheap money is grounding flights all over America – and that’s just the beginning.
Housing Is On Its Knees And Corporate America Isn't Far Behind
Homebuilders have reported fewer new construction starts every month since March. That’s the longest stretch of declines since the housing crisis of 2007. And homebuyers have even begun walking away from their deposits – cancellations are above 15% for the second consecutive month.