Commentary
State of the Loan Market (Second of a Series)
The backdrop for US credit got a boost from several corners last week. First, the nomination of Jerome Powell to…
Read MoreState of the Loan Market (First of a Series)
The French are running out of butter. C’est impossible! Bad weather, falling milk production, and revived global demand for the…
Read MoreSpot-lite on Cov-lite (Final of a Series)
Blame it on the Vikings. When those ancient Scandinavians settled Iceland around 870 AD, they cut down most of the…
Read MoreSpot-lite on Cov-lite (Third of a Series)
The notion that covenant-lite loans are bestowed on only the best and brightest borrowers has been pretty banged up. Cov-lite…
Read MoreSpot-lite on Cov-lite (Second of a Series)
News reached us last week that the great mathematician, Monty Hall, passed away at the age of 96. Better known…
Read MoreSpot-lite on Cov-lite (First of a Series)
Our story last week of the hundred-year old fruitcake captured readers’ attention. Tributes to this underappreciated treat poured into the…
Read MoreFeeding the Beast
The world’s oldest fruitcake was found in Antartica in a building left from the expedition of Robert Falcon Scott. The…
Read MoreLoans à la Mode
Following our story last week on skyrocketing costs of natural vanilla flavoring, fans of confectionary innovation alerted us to another…
Read MoreFlavor of the Month
Turns out there’s nothing plain about vanilla. Back in March a huge storm – cyclone Enawo – struck Madagascar, a…
Read MoreBack to School
For many of us the post-Labor Day week means reacclimating to the concept of being in front of a computer…
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