$1.2 trillion worth of corporate junk bond debt will mature in the next few years, leaving investors in a world of pain, as many of the bleeding corporations will be unable to repay the principle.
Like the old Twilight Zone episode where helpful aliens leave behind a book called 'To Serve Man', only for us to find out later it's a cookbook, investors have been welcomed and fattened up nicely by alpha predators as they unwittingly await their slaughter, not realizing that, they're at the predator's table because they're the main course.
One of the problems with living in a world with two belligerent economic powers preparing to duke it out in a trade war is the potential to get caught in the crossfire. That’s what happened when U.S. authorities requested the capture and extradition of Meng Wanzhou, the CFO of Huawei, on suspicion of allegedly defrauding multiple financial institutions in breach of U.S.-imposed bans on dealing with Iran back in December.
E3 Metals (ETMC.V) charged its batteries with some necessary capital today when the Alberta-based petro-lithium company closed its recently announced non-brokered private placement.
Do you hear that? It’s the winds of change blowing strongly. Today CNN reports American icon Anheuser-Busch (BUD) announcing the purchase of forty Tesla (TSLA.NASDAQ) electric trucks. This is one of those cultural moments – electric vehicles are moving into the next phase, corporate status symbol.