The Private Equity players have a profound impact on market movements today in many ways, including their participation in the credit creation process of CLOs and leveraged loans. Our eyes are on ...

This paper presents a small macroeconomic model describing the main mechanisms of the process of credit creation by the private banking system. The model is composed of a core unit—where the dynamics ...

Here is an update of the RISK ON , RISK OFF indicators based on a credit-creation model of the US economy which we discussed in depth in a report that was sent to our advisory clients on February ...