Third Eye Capital
Tel: (416) 601-2270
Fax: (416) 981-3393
Email Third Eye Capital
Brookfield Place
Bay Wellington Tower
181 Bay Street, Suite 2830
Toronto, Ontario, M5J 2T3
Global asset prices surged in 2019 after the dramatic “stealth QE” operations conducted by the U.S. Federal Reserve in the wholesale funding market (commonly known as the repo market). Since our Q3-2019 Investor Report, the Fed’s balance sheet has expanded by over 10% or approximately...
S&P LCD (“LCD”) recently updated in its recovery study database for leveraged loans and corporate bonds, which covers USD$1.1 Trillion in credit defaults over the past thirty-one years. Recoveries are determined by valuing loans at three different points in the recovery process: emergence, settlement, and...
Economists tend to dismiss the role of credit in the economic cycle because of the lack of correlation between GDP growth and growth in the total amount of outstanding credit of the non-financial sector. In October 2009, the IMF forecast that credit growth would remain...
The latest credit outlook survey of the International Association of Credit Portfolio Managers (“IACPM”), a global membership of more than 100 banks, insurance companies and asset managers, indicates that recession fears have eased. The IACPM’s index was at a neutral -3.3 in Q1-2019 compared to...
