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My insurance company made a bet I never agreed to

1 week ago

My insurance company made a bet I never agreed to

Taiwan's life insurers hold $700 billion abroad. Under half of it is protected now.

I looked up who owns my vet

1 week ago

I looked up who owns my vet

A family name on the sign, a private credit fund on the loan documents

BBB to CCC+ in twenty-four months

2 weeks ago

BBB to CCC+ in twenty-four months

A state agency lent its tax exemption to a train, and owes nothing if it fails

You've seen the ad

2 weeks ago

You've seen the ad

Four years after Congress opened the door, under 1% of the file has moved.

I had $2,000 for the water heater. Plenty don't.

2 weeks ago

I had $2,000 for the water heater. Plenty don't.

$50,000 today. $76,491 in three years, even after a 30% drop.

30 cents per dollar reserved. Bonds sold anyway.

3 weeks ago

30 cents per dollar reserved. Bonds sold anyway.

Hilton Grand Vacations holds $3.97 billion in loans it wrote itself. It expects to lose a third.

The pool is clean because someone cleans it

3 weeks ago

The pool is clean because someone cleans it

When a loan inside the bond goes bad, the seller buys it back at a hundred cents.

The collateral is a store on a corner

3 weeks ago

The collateral is a store on a corner

$5.7 billion of debt against a chain that has closed 8,345 restaurants.

Defaults at a 13-year high, no recession

0 months ago

Defaults at a 13-year high, no recession

Small business bankruptcy filings rose 50%. Big-bank credit data says everything is fine.

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Stop reading the news a day too late.

Independent. Anomaly-first. Weekly.

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No part of this publication constitutes financial advice.