Stock Market Episode #267: Edward Altman, NYU, “We Had Extra Billion...

Episode #267: Edward Altman, NYU, “We Had Extra Billion Greenback Bankruptcies In 2020 As Of September Of This 12 months Than Any 12 months Ever” | Meb Faber Analysis – Inventory Market and Investing Weblog

-

- Advertisment -

Episode #267: Edward Altman, NYU, “We Had Extra Billion Greenback Bankruptcies In 2020 As Of September Of This 12 months Than Any 12 months Ever

 

 

 

 

 

 

Visitor: Edward I. Altman is the Max L. Heine Professor of Finance, Emeritus on the Stern College of Enterprise, New York College. He’s the Director of Analysis in Credit score and Debt Markets on the NYU Salomon Middle for the Research of Monetary Establishments. Previous to serving in his current place, Professor Altman chaired the Stern College’s MBA Program for 12 years. Dr. Altman has a global fame as an knowledgeable on company chapter, excessive yield bonds, distressed debt and credit score threat evaluation. He’s the creator of the world well-known Altman-Z-Rating mannequin for chapter prediction of firms globally.

Date Recorded: 10/27/2020

Run-Time: 52:23

To take heed to Episode #267 on iTunes, click here

To take heed to Episode #267 on Stitcher, click here

To take heed to Episode #267 on Pocket Casts, click here

To take heed to Episode #267 on Google, click here

To stream Episode #267, click here

Feedback or recommendations? E mail us [email protected] or name us to go away a voicemail at 323 834 9159

Keen on sponsoring an episode? E mail Justin at [email protected]

Abstract: In episode 267, we welcome our visitor, Edward Altman, professor on the Stern College of Enterprise at NYU. In at this time’s episode, we’re speaking company chapter, excessive yield bonds and credit score threat evaluation.

We speak to Professor Altman in regards to the Altman Z-Rating Mannequin, which he created in 1968 to foretell bankruptcies. He discusses the file excessive debt ranges firms had on the finish of 2019 proper earlier than COVID hit the U.S. and what he’s seen this 12 months with numerous billion greenback bankruptcies. He additionally touches on the bounce within the price of zombie firms world wide.

As we begin to wind down, Professor Altman explains why he’s bullish on top quality junk bonds and why the happiest second of his profession was testifying in entrance of Congress in 2008 advocating chapter for GM.

All this and extra in episode 267 with NYU’s Edward Altman.

Hyperlinks from the Episode:

  • 0:40 – Intro
  • 1:38 – Welcome to our visitor, Edward Altman
  • 5:32 – The place credit score scores stood on the time of their creation
  • 8:22 – A broad overview of the mannequin
  • 11:04 – How the mannequin has modified through the years
  • 14:58 – Driving forces which have pushed extra firms away from AAA rankings
  • 17:46 – How Covid has impacted company debt ranges
  • 18:00 – His papers
  • 25:52 – How Fed actions have impacted markets and what future unintended penalties could possibly be
  • 32:08 – World debt scenario
  • 35:23 – Any particular nations price maintaining a tally of
  • 37:59 – High quality junk bonds
  • 41:11 – Standing of adverse yielding sovereign debt and the probabilities we see it within the US
  • 45:41 – Downside with propping up vested pursuits
  • 47:10 – Concepts that Professor Altman is concerned about at this time
  • 49:15 – Most memorable funding of his profession
  • 51:20 – Connecting with Ed: website, Corporate Financial Distress, Restructuring, and Bankruptcy: Analyze Leveraged Finance, Distressed Debt, and Bankruptcy

 

Transcript of Episode 267:

Coming quickly.

 

Latest news

EUR/USD: TRADING RECOMMENDATIONS

Investors are counting on the acceleration of the...

Stocks making the biggest moves in the premarket: Kansas City Southern, AutoNation, IBM & more

Take a look at some of the biggest movers in the premarket:Kansas City Southern (KSU) – Shares of the...

Buying a Second Home – NerdWallet

Buying a second home is a big upgrade, whether you're laying claim to your favorite vacation spot or taking...
- Advertisement -

Japan under pressure from US to decouple supply chains

FT premium subscribers can click here to receive Trade Secrets by emailHello from Tokyo, where the weather is beautiful...

After a wild weekend, bitcoin could take a breather before the next move higher

Yuriko Nakao | Getty ImagesBitcoin's big swing in prices over the weekend likely set the stage for a period...

Must read

- Advertisement -

You might also likeRELATED
Recommended to you