Commentary
Splash Zone
To the best of our knowledge, the village of Innaarsuit, Greenland (pop. 169) is not on any “Best Summer Vacation”…
Read MoreTerms of Endearment
Despite continued strong deal flow this month, conditions in the leveraged loan market remain constructive for issuers. Yes, there’s been…
Read MoreHalf-Time Report (Last of a Series)
Every now and then stuff happens in leveraged lending that reassures us things we’ve learned about the market are actually…
Read MoreHalf-Time Report (Second of a Series)
“July 4th is the worst holiday,” one of our friends declared as our families sat watching the jaw-dropping fireworks display…
Read MoreHalf-Time Report (First of a Series)
“2018 will be a good year for loans.” Back in January, that was the way we characterized what to expect…
Read MoreTerms They Are A-Changing
There’s nothing that takes the froth off an issuer-friendly market faster than a growing pipeline. Absent some kind of global…
Read MoreSqueezed in the Middle
It’s ironic. Just as the economy seems to be picking up steam and the Fed is ratcheting up rates to…
Read MoreYou Can Take it With You
Years ago the humorist Robert Benchley was traveling in Italy on summer vacation. Upon arriving in Venice, he cabled his…
Read MoreWhat Inning Are We In? (Last of a Series)
Confusion over where we are in the cycle was clarified a bit last week. The chief of JP Morgan Chase,…
Read MoreWhat Inning Are We In? (Second of a Series)
In a move that’s bound to suggest we’re late in some kind of cycle, the US Postal Service announced last…
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