CFTR Week to 16th Jan

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January 16, 2021

This week’s Coffee Time Reads feature bubble talk, global insolvency expectations (Europe does well),  a sobering take on the economic recovery, inequality and the “balkanization” of the global economy by Nouriel Roubini. Howard Marks was out with his latest memo – arguing its no longer growth vs. value but growth AND value approaches that are needed to value today’s companies.

2 Pieces on restructuring – one from Forbes on the use of DIP financing as a means of control and the second from 9Fin documenting the first cross class cram down under the new UK restructuring laws. A study of Large corporate bankruptcies in the US (a Who’s Who of  Who has Gone Pop) highlights on the corporate scalps CoVid has claimed. 

Aswath Damodaran has updated his valuation database,  – well worth a  look and a piece from S&P on machine learning to model Credit Risk provides a simple into to the topic and its implementation.

Finally there is an excellent podcast with Dr Di Martino Booth and Jesse Felder on the Fed, why policy has ended up where it is, where it is going and what it could mean.

Click on the links in the tweets to be taken to the relevant read.  If you are on twitter follow us:  @EuroYield

 While we have you – if you are involved in the European High Yield market – please participate in our Investor survey we are running in partnership with Bloomberg Intelligence – it takes 5 minutes to complete – and should return much more in terms of insight: https://selfserve.decipherinc.com/survey/selfserve/1f3a/201206

 

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