When she started on Wall Street analyzing OTC credit derivatives at the turn of the century, Amy Zhang received an insider’s view into how the finance sausage was made just prior to the global financial crisis. Today speaking from the stage at the Morningstar Investment Conference she has a message regarding corporate balance sheets: “Debt is a four-letter word,” she warned. “Leverage kills.” Q1 hedge fund letters, conference, scoops etc And she is not alone. With corporate debt to GDP levels near 46%, a panel of experts on the stage in Chicago voiced concern along with officials at the US…
Excessive Corporate Debt Kills: When The Tide Goes Out You See Who Is Swimming Naked
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.