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The Looming Bank Collapse

“Unless you work in finance, you probably haven’t heard of CLOs, but according to many estimates, the CLO market is bigger than the subprime-mortgage CDO market was in its heyday. The Bank for International Settlements, which helps central banks pursue financial stability, has estimated the overall size of the CDO market in 2007 at $640 billion; it estimated the overall size of the CLO market in 2018 at $750 billion. More than $130 billion worth of CLOs have been created since then, some even in recent months. Just as easy mortgages fueled economic growth in the 2000s, cheap corporate debt has done so in the past decade, and many companies have binged on it.”

EconomyHenry GoodmanOctober 28, 2020United States, Banking System

Why people really want to move to Idaho but are fleeing its neighbor, Wyoming

"Wyoming has long been the nation’s coal king. The vast operations of the Powder River Basin produce more coal than all but a handful of states put together. But cheap natural gas has reduced power plants’ dependence on the mineral and, with it, its price and production. Wyoming’s mines are shipping out fewer tons of coal and getting paid less for each of them."

EconomyHenry GoodmanJanuary 24, 2018United States, Wyoming, Coal, Mining, Public Policy