$4B wiped out: First Brands bankruptcy sends shockwaves through CLO markets and exposes hidden cracks in Wall Street’s debt machine. More corporate failures to come?

First Brands BANKRUPTCY shakes credit markets: The collapse WIPED OUT $4 billion in leveraged loans held across ~80 CLOs from PGIM, Franklin Templeton, Blackstone, and others. The sudden failure is a major warning for the broader credit market and leveraged …

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Repo failures surged 50%, swap spreads hit record lows. Credit card delinquency rates are reaching 2008’s levels. When is the rug pull coming?

Commodities are not feeling very inflationary right now. https://t.co/cS1Yveed7h pic.twitter.com/LbdPayQmSx — Financelot (@FinanceLancelot) November 11, 2024 I'm keeping a close eye on 5 year and 10 year breakeven inflation. We saw a similar breakout in 2008 when inflation expectations were …

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The SEC has charged six credit rating agencies with “significant recordkeeping failures.” If all the credit rating agency’s are corrupt, is there anything that isn’t?

https://www.sec.gov/newsroom/press-releases/2024-114#:~:text=The%20firms%20admitted%20the%20facts,implementing%20improvements%20to%20their%20compliance TL;DR: Six credit rating agencies charged by SEC for recordkeeping failures. Firms admit wrongdoing and pay over $49 million in penalties. Moody’s, S&P Global, Fitch, HR Ratings, A.M. Best, and Demotech involved. Most firms required to retain compliance consultants. …

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More Bank Failures Coming?

Although he later retracted his tweet telling everyone to sell, you can see that Michael Burry was pretty spot on with some of these. FRC just officially failed so which one of these is next with the upcoming collateral change …

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Big Tech, Fake Market, Bank Failures

Look at this map: https://finviz.com/map.ashx?t=sec That tells you that almost the entire markets valuation is based off a few big tech companies. A lot of bankruptcies being filed for small and mid size businesses. I’ve been watching them being filled at …

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