debt

The Fed does not pivot. Why were stock market investors the last to know?

After Friday’s brutal session for equities, it looks like equities were the last asset class to buy into the idea that the Federal Reserve is unlikely to swing toward less aggressive monetary policy anytime soon. Judging solely by movements in yields and exchange rates, it looks like bonds, gold and the dollar started pricing a …

The Fed does not pivot. Why were stock market investors the last to know? Read More »

Indian tycoon Adani’s ‘deeply exploited’ empire: CreditSights

Indian billionaire Gautam Adani’s conglomerate is ‘deeply in debt’ as the group invests aggressively in existing and new businesses, Fitch Group unit CreditSights said, warning of a potential default by one or more group companies . The investments are primarily debt-funded, resulting in high leverage which has “understandably caused concern about the group as a …

Indian tycoon Adani’s ‘deeply exploited’ empire: CreditSights Read More »

Personal bankruptcies jump 15% in Toronto as government aid ends

At the same time, the cost of living continues to climb, as do the number of declarations of insolvency by Canadian consumers. Data released by the Office of the Superintendent of Bankruptcy Canada shows that the number of Canadians filing personal bankruptcy could return to pre-pandemic levels. At the height of the COVID-19 pandemic, government …

Personal bankruptcies jump 15% in Toronto as government aid ends Read More »