Below, you’ll find the latest market and portfolio update from our Director of Distressed Investing, Martin Fridson. We’ll release an update two weeks after each monthly issue. (Martin will also include his trademark short introductory poem.)
America is not yet lost. But we are very close to the complete collapse of not only our financial system, but our entire way of life.
The reality is that the Fed’s actions could have the near-opposite effect of QE. Instead of easing financial conditions and boosting asset prices, they’ll likely lead to further tightening and hasten the arrival of the impending credit crunch.
In light of the past week’s extraordinary market events, we’re releasing this “state of the markets” briefing.
In today’s special edition of Something You Don’t Know, you’ll find an important briefing from credit analyst and author Martin Fridson, who leads Porter & Co.’s Distressed Investing team.
Current Fed Chairman Jerome Powell wants to put an end to inflation. Unfortunately – for Powell, for markets, and for investors – it appears increasingly unlikely that he’ll get his wish.
One of many casualties of the coming corporate debt implosion.