Silver as an investment

Category Archives: Secured Debt

ZeroHedge: Three Years After Going Public, Fairway Files Chapter 11

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Back in April 2013, during the height of the IPO scramble, this is how the NYT reported about the initial public offering of a little known NYC grocery chain known as Fairway. Until recently, Fairway was not much more than […]

ZeroHedge: The Energy Junk Bond Default Rate Just Hit An All Time High

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. When we last looked at the soaring default rate among junk bonds issuers just two weeks ago, we noted that the $14 billion in defaults had already pushed the April total to the highest since 2014, while the first quarter […]

ZeroHedge: The New New ‘Deal’ – “Markets Are Too Important To Be Left To Investors”

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Submitted by Ben Hunt via Salient Partner's Epsilon Theory blog, Five Easy Pieces for the World-As-It-Is Our story so far… In the second half of 2014, export volumes in every major economy on Earth began to decline, the result of […]

ZeroHedge: The Liquidity Endgame Begins: Whiting’s Revolver Cut By $1.2 Billion As Banks Start Slashing Credit Lines

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Earlier today we reminded readers about the circular (and why note fraudulent conveyance) scheme hatched by JPMorgan to reduce its secured loan exposure to Weatherford, when just two weeks ago none other than JPM underwrote an WFT equity offering in […]

ZeroHedge: The Shoe Keeps Dropping: CLOs With Negative Equity Soar By 30% In February To Record 453

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. One month ago, we noticed the latest “shoe to drop” in the global credit rout, when as a result of soaring downgrades to energy companies’ credit ratings, the Collateralized Loan Obligations (CLO) market went into a state of frozen animation, […]

ZeroHedge: The Oil Short Squeeze Explained: Why Banks Are Aggressively Propping Up Energy Stocks

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Last week, during the peak of the commodity short squeeze, we pointed out how this default cycle is shaping up to be vastly different from previous one: recovery rates for both secured and unsecured debts are at record low levels. […]

ZeroHedge: How This Default Cycle Is Different: Record Low Recovery Rates

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. At the end of January, when looking at some recent liquidating energy companies selling off their assets in “stalking horse” bankruptcy auctions, we found something disturbing: total recovery rates under liquidation of oil and gas companies were paltry, ranging anywhere […]

ZeroHedge: UBS: “There Is No Doubt That The Move In Oil Is TOTALLY Short Squeeze Led”, Here’s Why

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Earlier today we showed how, courtesy of massive synthetic positions where Oil ETFs are currently net long 272k lots of oil, equal to 56% of the front month open-interest in futures, the price of oil is being propped up by […]

ZeroHedge: It Was True After All: The Government Is “Breathing Down The Neck Of Banks To Limit Their Energy Exposure”

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. While MatlinPatterson’s Portfolio Manager Michael Lipsky can’t wait to enter the distressed junk bond space, thanks to “$74 billion in debt trading at under 25 cents on the dollar, and $205 billion trading at under 70 cents on the dollar”, […]

“The Bankers Have Gone Through This Before. They Know How It Ends, And It’s Not Pretty”

When even the commodity traders got caught in the crossfire of the energy rout – those supposedly smartest men (and women) in the room who were so smart, they not only never saw the commodity price crash nor did they hedge for any such possibility, leading to such snafus as both Glencore and Noble Group […]