The aggregate quality of high yield credit remains relatively strong, with leverage, coverage, liquidity and profitability ratios remaining close to their highest levels in decades.
The anatomy of financial bubbles, crashes & where we stand today
Some important segments of the US equity market (the NASDAQ, the NASDAQ 100, the S&P 500 home builders index) were most likely in a bubble mode in 2021; they have not yet completed a typical post-bubble correction.
Back on the (climate) track The quest for independence powers Germany’s energy transition
In the medium term, Germany’s ambitious new targets should push the renewable energy share of its electricity mix even beyond what would be needed to meet the Paris climate goals by 2035.
