The credit cycle lies at the heart of our financial system. Corporations and households rely on the availability of credit to facilitate economic growth and ensure financial stability. Unfortunately, ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Private credit is becoming a durable and indispensable component of capital formation. In earlier phases of private-credit ...

The credit cycle does not yet seem to have turned; at worst, it is mixed. Last quarter we were wondering in our Q1 commentary, will this be the year credit trends reverse? Corporate spreads are tight; ...

Hyman Minsky, the late American credit-cycle expert, never tired of teaching that credit cycles were a regular feature of our economy. After prolonged periods of easy money led to careless bank ...

Monetary policy around the world is changing as many central banks are attempting to tighten financial conditions in order to control rampant inflation. As illustrated below, negative-yielding ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. As stewards of investors’ capital, asset managers must walk a fine line to achieve ...

As we approach the latter innings of the credit cycle, balancing the need for current growth with the risks that lie ahead is becoming the primary focus for many investors. Securitized credit has ...

In 1999, I began saying the tech bubble would eventually spark a recession. Timing was unclear because stock bubbles can blow way later than we can imagine. Then the yield curve inverted, and I said ...

In this article, I will detail why the incumbent global financial system is irreversibly broken, how it got to this point, and what the world will look like coming out the other side of the present ...

Credit conditions not only can affect future macroeconomic outcomes, but they also may help signal how stocks and bonds will perform, a VoxEU post finds. Josh Davis and Alan Taylor write that evidence ...