Friday, May 27, 2022

GOLD UP $ 10.45 WITH SILVER UP 13 CENTS/GOLD/SILVER EQUITY SHARES FLOUNDER AT THE END OF THE DAY SIGNALLING A POSSIBLE RAID TOMORROW

EU IS FORCING 3 COUNTRIES TO ACCEPT MIGRANTS AGAINST THEIR WISHES/SWITZERLAND FOR ITS 2ND CONSECUTIVE MONTH EXPORTS MORE GOLD THAN IT IMPORTS: IT HAS 0 MINING OPERATIONS IN ALL OF SWITZERLANDfrom Harvey Organ:

In silver, the total open interest surprisingly ROSE BY 1352 contracts from 206,347 UP to 207,699 DESPITE THE FALL IN PRICE THAT SILVER TOOK WITH YESTERDAY’S TRADING (DOWN 9 CENT(S). YESTERDAY AGAIN THE COMMERCIALS TRIED IN VAIN TO COVER BUT TO NO AVAIL. EVEN WITH THE HELP OF OPTIONS EXPIRY THEY COULD NOT GET THE SILVER LONGS TO LEAVE THE SILVER TREE. THE SPECS SHORTS ALSO DESPERATELY TRIED TO COVER THEIR SHORTFALL. RELUCTANTLY THE BANKERS CONTINUED TO SUPPLY THE SHORT PAPER.

In ounces, the OI is still represented by just OVER 1 BILLION oz i.e. 1.04 BILLION TO BE EXACT or 148{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MAY MONTH/ THEY FILED: 112 NOTICE(S) FOR 560,000 OZ OF SILVER

In gold, the total comex gold AFTER A ONE DAY HIATUS FELL BY A WHOPPING 13,506 CONTRACTS WITH THE FALL IN THE PRICE OF GOLD ($2.25 with YESTERDAY’S TRADING). The total gold OI stands at 450,321 contracts. The liquidation in the front month has now resumed where we left off on Tuesday as spec longs liquidated their comex contracts FOR EFP CONTRACTS which gives them a fiat bonus plus a future delivery product which most likely is a London based forward. (It was extremely strange yesterday to witness WEDNESDAY’s huge OI gain..maybe an error from the CME.)

we had 4 notice(s) filed upon for 400 oz of gold.

Read More @ Harveyorganblog.com

Total Government And Personal Debt In The U.S. Has Hit 41 Trillion Dollars ($329,961.34 Per Household)

by Michael Snyder, The Economic Collapse Blog:

We are living in the greatest debt bubble in the history of the world. In 1980, total government and personal debt in the United States was just over the 3 trillion dollar mark, but today it has surpassed 41 trillion dollars. That means that it has increased by almost 14 times since Ronald Reagan was first elected president. I am searching for words to describe how completely and utterly insane this is, but I am coming up empty. We are slowly but surely committing national suicide, and yet most Americans don’t even understand what is happening.

According to 720 Global, total government debt plus total personal debt in the United States was just over 3 trillion dollars in 1980. That broke down to $38,552 per household, and that figure represented 79 percent of median household income at the time.

Today, total government debt plus total personal debt in the United States has blown past the 41 trillion dollar mark. When you break that down, it comes to $329,961.34 per household, and that figure represents 584 percent of median household income.

If anyone can make a good argument that we are not in very serious debt trouble, I would love to hear it.

And remember, the figures above don’t even include corporate debt. They only include government debt on the federal, state and local levels, and all forms of personal debt.

So do you have $329,961.34 ready to pay your share of the debt that we have accumulated?

Nobody that I know could write that kind of a check. The truth is that as a nation we are flat broke. The only way that the game can keep going is for all of us to borrow increasingly larger sums of money, but of course that is not sustainable by any definition.

Eventually we are going to slam into a wall and the game will be over.

One of my pet peeves is the national debt. Our politicians spend money in some of the most ridiculous ways imaginable, and yet no matter how much we complain about it nothing ever seems to change.

For example, the U.S. military actually spends 42 million dollars a year on Viagra.

Yes, you read that correctly.

42 million of your tax dollars are being spent on Viagra every year.

And overall spending on “erectile dysfunction medicines” each year comes to a grand total of 84 million dollars…

According to data from the Defense Health Agency, DoD actually spent $41.6 million on Viagra — and $84.24 million total on erectile dysfunction prescriptions — last year.

And since 2011, the tab for drugs like Viagra, Cialis and Levitra totals $294 million — the equivalent of nearly four U.S. Air Force F-35 Joint Strike Fighters.

Is this really where our spending on “national defense” should be going? We are nearly 20 trillion dollars in debt, and yet we continue to spend money like there is no tomorrow. For much more on the exploding size of our national debt and the very serious implications that this has for our future, please see my previous article entitled “Would You Like To Steal 128 Million Dollars?

I didn’t think that our debt bubble could ever possibly get this big, but I didn’t think that our stock market bubble could ever possibly get quite get this large either. For a few moments, I would like for you to consider a list of facts about this stock market bubble that was recently published by Zero Hedge

The S&P 500 Cyclically Adjusted Price to Earnings (CAPE) valuation has only been greater on one occasion, the late 1990s. It is currently on par with levels preceding the Great Depression.

Read More @ TheEconomicCollapseBlog.com

Keiser Report: MAGAnomics (E1102)

from RT:

In this episode of the Keiser Report’s annual Summer Solutions series, Max and Stacy talk to JP Sottile of Newsvandal.com about whether or not MAGAnomics will help make America Great Again. They discuss trade deals and automation: which has played more in making American jobs not so great. They also look at the role of opioid addiction and whether or not a universal basic income might help the likes of Mark Zuckerberg maintain monopoly-style control over the internet.

Celebrities Melt Down over Trump’s Transgender Military Policy: ‘You Just Pissed Off the Wrong Community’

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by Jerome Hudson, Breitbart:

Hollywood stars took to social media Wednesday to express outrage over President Donald Trump’s announcement that transgender people will not be allowed to serve in the U.S. military, reversing former President Obama’s decision last year allowing them to do so.

“After consultation with my Generals and military experts, please be advised that the United States Government will not accept or allow Transgender individuals to serve in any capacity in the U.S. Military,” President Trump tweeted Wednesday morning. “Our military must be focused on decisive and overwhelming victory and cannot be burdened with the tremendous medical cost and disruption that transgender in the military would entail. Thank you.”

After consultation with my Generals and military experts, please be advised that the United States Government will not accept or allow……

— Donald J. Trump (@realDonaldTrump) July 26, 2017

….Transgender individuals to serve in any capacity in the U.S. Military. Our military must be focused on decisive and overwhelming…..

— Donald J. Trump (@realDonaldTrump) July 26, 2017

….victory and cannot be burdened with the tremendous medical costs and disruption that transgender in the military would entail. Thank you

— Donald J. Trump (@realDonaldTrump) July 26, 2017

The news spurred some stars to viciously attack the president, with some calling Trump a cruel bigot.

Star Trek actor and gay activist George Takei sent what appeared to be a threat to Trump, warning that he “just pissed off the wrong community” and said the president “will regret” this action.

Donald: With your ban on trans people from the military, you are on notice that you just pissed off the wrong community. You will regret it.

— George Takei (@GeorgeTakei) July 26, 2017

Takei also tweeted: “History shall record that you are not only the stupidest, most incompetent president ever, but also the cruelest and pettiest. #Shame.” The actor also issued a call to action:

Invidious discrimination against any group must be opposed by all. Straight/Cis allies: Will you stand with LGBTs?#TransRightsAreHumanRights

— George Takei (@GeorgeTakei) July 26, 2017

Director Paul Feig called Trump’s decision “disgraceful,” while noted Trump-basher and actor Rob Reiner called the president a “hateful human being.”

Below is a roundup of the rage Hollywood stars sent toward President Trump in the wake of his announcement.

One by one he will fuck over every segment of the population he made a promise to except Russia, bankers and big oil.Get ready-you’re next. https://t.co/CxDqCgW3r2

— Judd Apatow (@JuddApatow) July 26, 2017

Hey trans teens: this man does not represent the overwhelming love, support and pride waiting for you when you step out into the world.

— Lena Dunham (@lenadunham) July 26, 2017

Hey trans teens: this man does not represent the overwhelming love, support and pride waiting for you when you step out into the world.

— Lena Dunham (@lenadunham) July 26, 2017

I’m starting to think they don’t know what these letters actually stand for. https://t.co/ieznVV5Gio

— Seth Rogen (@Sethrogen) July 26, 2017

Hey Ivanka, James here. Hope all is good, quick question, can you… Erm… Call your dad and have a talk. X https://t.co/yiiL89J3Ap

— James Corden (@JKCorden) July 26, 2017

Read More @ Breitbart.com

The French Government Tried To Build A Migrant Shelter In This Small Town – Residents Responded By Building A Wall Around It

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by Mac Slavo, SHTF Plan:

When most people consider how many migrants have entered Europe in recent years, they probably assume that the whole continent is a beacon of tolerance and love for foreigners who are seeking a better way of life. But a more accurate picture of Europe would suggest that the only thing most Europeans are tolerant of, is their corrupt governments who aren’t willing to close the borders. That tolerance is quickly wearing thin however, as most Westerners reject the migrants, who are burdening the social fabric of their communities.

Which would explain a recent incident in the French town of Séméac, where the government recently bought a hotel in the hopes of turning it into a migrant shelter.

Protesters in a town in southwest France have built a nearly-two-metre-high wall around the entrance to a disused hotel to try to prevent it being turned into a migrant shelter.

Working under cover of darkness, a few dozen residents of Semeac in the Pyrenees mountains erected a wall 18 metres (60 feet) long and 1.8 metres high barring access to the Formule 1 hotel, a spokesman for the group confirmed.

“We not against taking in migrants,” Laurent Teixeira told AFP. “But you have to take account of the citizens.”

The locals are frustrated with the government for not being transparent with the public, and not really having a plan for the migrants. The French government is currently under pressure to establish as many shelters as they can, in anticipation of another spike in migration later this summer.

Teixeira accused the authorities of failing to consult residents about the project to turn the former budget hotel into a shelter for up to 85 migrants.

“Nothing is planned for the migrants’ daily life,” he said, arguing that schools and other public services in the town of 5,000 people would be unable to cope with the newcomers.

Protester Hugo Lacoue, a tobacconist, said he was opposed to migrants being hosted in a suburban neighbourhood.

But it’s safe to say that those aren’t the only reasons why these French villagers are concerned about the migrant shelter. The politically correct media in that country probably wouldn’t publish the fears that are really on the minds of these people.

Read More @ SHTFPlan.com

The Preacher

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by Bob Rinear, The International Forecaster:

Now, it’s no secret that Trumps getting pushback from every single direction imaginable. The Media is relentless, the left is relentless. He’s constantly mocked, derided, challenged, resisted, etc. Yet so far, they haven’t been able to get him “out”.

Not long ago, a group of evangelicals visited the White house. Pastors from dozens of churches came to the White House to pray for and with the President. For those preachers, it was quite the most wonderful day.

There’s a certain pastor, A Mr. Rodney Howard-Brown, who operates a very large church and congregation out of Tampa. I think his television viewership is somewhere north of 10 million per week. Well Mr. Howard Brown was one of the pastors at the white house, and he and his wife “laid hands” on the President, to pray for wisdom, peace, strength, etc.

This is what his wife said on a post under the picture of their hands laying on Trumps shoulders:

Yesterday was very surreal for @ahowardbrowne & I. 30 years ago we came from South Africa to America as missionaries. Yesterday I was asked by Pastor Paula White-Cain to pray over our 45th President – what a humbling moment standing in the Oval Office – laying hands and praying for our President – Supernatural Wisdom, Guidance and Protection – who could ever even imagine – wow – we are going to see another great spiritual awakening.

So, Mr. Howard Brown and his wife had the time of their lives. They’d not only come from South Africa and created an incredible ministry here in Florida, they had been invited to the White house to meet with and pray with the President. It was a highlight of their entire lives and they were humbled and overjoyed.

Until the next day. See, the next day Howard-Browne said that while he was in Washington, D.C., he got to spend three hours with “one of the senior ranking members of Congress” who told him “that there is a plot on Capitol Hill to take the president out.” When Howard-Browne asked if that meant to remove Trump from office via impeachment, the congressmen said, “No, to take him out, he will be removed suddenly from office.”

He recited that story to his congregation the next weekend, adding:

“Well, you can read between the lines,” Howard-Browne said, before adding that he then told the congressman that “we are going to stop it because we are going to mobilize the body of Christ to pray” to protect this president “who has opened the door [of the White House] to the body of Christ.”

He wouldn’t say his name, but I will, I believe he met with Mr. Pete Sessions from Texas. Anyway, my wife and I watched that entire Sunday service via television and let me tell you something. Mr. Howard Brown “gets it”. He talked about the elites of the world, their one world Government plans, and the silent “coup” taking place between Trump and the “Deep state”.

Here’s the little clip ( 2 mins) talking about his meeting with the Congressman and the “hit” information https://www.youtube.com/watch?v=PDlHDa0o04g

Now, it’s no secret that Trumps getting pushback from every single direction imaginable. The Media is relentless, the left is relentless. He’s constantly mocked, derided, challenged, resisted, etc. Yet so far, they haven’t been able to get him “out”. Lord knows they’ve tried hard enough. So, do you think they’re going to stop trying? Heck no.

I suppose there’s a lot of deep state people that would love to hire some patsy to shoot him. In fact, this same preacher told the congregation that a patsy had already been acquired, and is being brainwashed for the job as we speak. That would actually make sense, because it would be easy for them to find some lunatic lefty with Trump derangement syndrome and program him to do the job.

But boy, it sure would be pretty evident that it was a set up. We’re talking about someone actually shooting or poisoning or what have you, the President of the US. While I don’t put it past these lunatics to try something like that, it would be my opinion that it is a “last chance”.

What I can see them do is something much more sneaky, and it might have already been put in motion. There’s a bill that has ALREADY PASSED THE SENATE in a landslide called, called:

Read More @ TheInternationalForecaster.com

Politics of the Next 4 Years – Part 3 (What’s an Independent to Do?)

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by Michael Krieger, Liberty Blitzkrieg:

Before we get started, it’s important for me to clarify where I’m coming from politically. First, here’s what I’m not, as described in last year’s piece, Thank You and Welcome New Readers – A Liberty Blitzkrieg Mission Statement:

I am not a Democrat or a Republican. I do not consider myself a libertarian, progressive, socialist, anarchist, conservative, neoconservative or neoliberal. I’m just a 38 year old guy trying to figure it all out. Naturally, this doesn’t imply that there aren’t things which I hold dear. I have a strong belief system based on key principles. It’s just that I don’t think it makes sense for me to self-label and become part of a tribe. The moment you self-label, is the moment you stop thinking for yourself. It’s also the moment you stop listening. When you think you have all the answers, anyone who doesn’t think exactly as you do on all topics is either stupid or “paid opposition.” I don’t subscribe to this way of thinking.

If I had to describe my politics at the most macro level, I guess you could call me a decentralist. I believe the primary threat to human liberty, happiness and evolution is the concentration of power, whether it manifests in government or business.

In today’s America we’ve seen the worst of both these things come together, as oligarchs and large corporations have used their money and influence to transform the country into an undemocratic, neo-feudal cesspool. The grotesque amount of centralized power that resides in Washington D.C. proved a very tempting and easily controlled target for modern day robber barons. The major threat we face today shouldn’t be simplified into a soundbite that consists of simply attacking “business” or “government” in isolation. We need to understand and accept that concentrated power in both these areas has morphed into a unified attack force against the general public.

Two tweets I sent out yesterday summarized how I see our current situation:

I still don’t understand why any of us put up with Washington D.C.

 

All 50 states should secede from it and start over.

— Michael Krieger (@LibertyBlitz) July 25, 2017

The biggest threat is how centralized and powerful D.C. is.

 

I don’t want anyone, even someone I like, in charge of that.

— Michael Krieger (@LibertyBlitz) July 25, 2017

For more on my thinking about how I’d like to see community and government transform over the coming years, see my 4-part series on decentralization which I published earlier this month.

Unfortunately, I doubt my vision for decentralized political organization will be embraced any time soon. It’s possible that events could unfold that might create that opportunity sooner than I expect, but for now I have to deal with the reality we have, and this reality consists of a highly centralized governing structure based in Washington D.C. Various political gangs to which I have no allegiance will ruthlessly compete to snatch control of this power, and then impose their views on 320 million people. I think this is an irrational and dangerous governing structure for a land as massive and diverse as the 50 states, but it is what it is.

The past couple of posts have focused on how I see the next four years unfolding from a domestic political perspective. It’s not what I want or don’t want, but simply what I see happening. Since the likely progression is not one of political decentralization in the near-term, how will I function within the coming environment?

Read More @ LibertyBlitzkrieg.com

How My Friend Took the Simplest Path to Foreign Residency

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by Simon Black, Sovereign Man: I could get used to this.

As I told you yesterday, I spend part of the summer each year at a centuries-old villa in a storied pocket of Italy. And I invite some of the most brilliant and productive people on the planet, most of whom I’ve met traveling the world over the last decade.

Italy has a way of making people expansive – past the handmade pasta we eat every night. Looking over the rolling Umbrian hills, we chat over Chianina beef, local wine, and fresh fruit each night — exchanging ideas and inspiring new ones.

So we were happy when our friend Ryan joined us on Monday.

Ryan is another brilliant and creative redhead, like the Zac the Mad Scientist I told you about yesterday. Ryan is a digital marketing guru, serving clients all over the world.

He’s less manic than Zac… so far, no psychedelic sexual lubricants in his product arsenal… but every bit as shrewd.

Ryan, like most successful people I know, is a master at creating opportunities for himself.

Champions don’t wait around for things to be handed to them.

They take action…

They use their brains to figure out what’s right in front of them, turn it into an asset or opportunity, and move forward.

And that’s exactly how Ryan, at a young age, grabbed some low-hanging fruit and turned it into permanent foreign residency.

He’s not even 40, and he’s working toward a full, foreign citizenship.

Why is this important? Because permanent residency somewhere abroad – wherein you can come and go as you please in another nation, no questions asked – and/or second citizenship elsewhere – where you can take full advantage of the rights offered to every other citizen in that country, as can your kids – are essential components of a robust Plan B.

A Plan B, as longtime readers know, is the ultimate insurance policy.

No matter what happens in your home government, instead of being “triggered” and cowering hysterically in a corner, you can simply get on a plane – or, in Ryan’s case, a car – and go.

If you sense that your home government is about to enact capital controls, guess what?

As a permanent resident or citizen of another country, you can likely open a foreign bank account and move your savings abroad. (You can do this as a foreigner, too, but in most countries, residents and citizens find it easier to open bank accounts.)

If some socialist mandate of a tax code – I’m looking at you, California – is crippling your small business, guess what?

You can move your business somewhere that doesn’t cannibalize its most productive citizens.

Or, if you just want a place to go that’s cheap, safe, and offers a great lifestyle…

You can do that, too.

That’s exactly what Ryan did. Now, instead of paying 5 bucks for a tiny taco in San Diego, he can grab an even fresher, more delicious one for 75 cents in the state of Baja California Sur. And then hike to a waterfall.

Ryan is a permanent resident of Mexico. And by permanent, I mean permanent. He never has to renew it. And it even entitles him to apply for citizenship.

“It’s a great comfort because I know that no matter what’s going on in the world or in the economy, I can skip the tourist lines and walk straight back into a completely functional life in Mexico, to a home, to a work setup… no questions asked” says Ryan.

We wrote to Sovereign Man: Confidential subscribers about Ryan this week, telling them exactly how he gained permanent residency abroad.

I can’t give you all the details here, but the recipe was simple and straightforward:

1 part hustle + 4 parts time.

Ryan moved to Baja, worked from there, ate some of those amazingly fresh Pacific fish tacos, and walked away a few years later with full-blown residency.

Why Mexico? Family. He had family there, which made the transition easier.

The point is, there’s low-hanging fruit all around us.

If you have a parent or grandparent from a country that honors citizenship by bloodlines, then go get your passport.

Read More @ SovereignMan.com

NASA confirms: Sea levels have been FALLING across the planet for two years … media SILENT

by Mike Adams, Natural News:

As the global warming narrative unravels under revelations of scientific fraud, data alteration and faked “hockey stick” data models, the fake news media remains suspiciously silent over the fact that NASA now confirms ocean levels have been falling for nearly two years.

On a NASA page intended to spread climate alarmism (https://climate.nasa.gov/vital-signs/sea-level/), NASA’s own data reveal that world-wide ocean levels have been falling for nearly two years, dropping from a variation of roughly 87.5mm to below 85mm.

These data, of course, clearly contradict the false narrative of rapid, never-ending rising ocean levels that flood continents and drown cities — a key element of the climate change “boogeyman” fiction that’s used to scare gullible youth into making Al Gore rich.

Check out the sea level chart for yourself, showing the downward trend across 2016 – 2017:

Even in the worst case, sea levels will only rise about a foot in a century

Global warming alarmists might say this is only a “pause” in the rising ocean levels, and that the long-term trend is clearly in the direction of rising oceans. However, these people wildly exaggerate the degree of ocean level increases to the point of absurdity.

If you zoom out on the NASA chart, you’ll see a long-term trend of sea levels rising 3.4mm per year on average, according to NASA’s own analysis. This means that over an entire century, the oceans would rise 340mm, or 13.4 inches … a little over a foot.

That’s about one foot in a century, a far cry from the doomsday predictions of “science scaremongers” like Al Gore who depict entire cities inundated with a 20-foot wall of water where millions of humans drown to death.

The delusional paranoia of climate change cultists like Al Gore is so far gone beyond rationality that Gore recently declared oceans were rising so fast that fish were already “swimming in the streets of Miami.” Not long before that, Al Gore claimed God told him to fight global warming, so he’s now apparently getting rich off the climate change scam because he was ordered to do so by God himself.

Read More @ NaturalNews.com

Risk has been Abolished, According to Institutional Investors

by Wolf Richter, Wolf Street:

Why? Wall Street sells “more financial products and generates more profits when investors are bullish.”

“Covenant-lite” loans – risky instruments issued by junk-rated borrowers, with few protections for creditors – set an all-time record at the end of the second quarter.

They’re part of the risky universe of “leveraged loans,” and they’re secured by some collateral, but they don’t come with the protections and restrictive maintenance requirements in their covenants that traditional leveraged loans offer creditors.

Even leveraged loans with more restrictive covenants are so risky that banks just arrange them and then try to off-load them to institutional investors, such as pension funds or loan funds. Or they slice and dice them and package them into Collateralized Loan Obligations (CLOs) and sell them to institutional investors. Leveraged loans trade like securities. But the SEC, which regulates securities, considers them loans and doesn’t regulate them. No one regulates them.

The amounts are not trivial. Total outstanding leveraged loans in the US reached nearly $1 trillion ($943 billion) at the end of the second quarter, according to S&P Capital IQ LCD. And covenant lite loans made up 72.5{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of them, the highest proportion ever.

That’s up from 69{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} at the end of the fourth quarter. This chart shows the surge in the proportion of covenant-lite loans to total leveraged loans over the past three years, from about 55{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} at the end of Q2 in 2014 to 72.5{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} at the end of Q2 2017:

So what’s the big deal? When there is no default, there is no difference. And since there is apparently no longer any risk of default, it’s, well, no big deal. That’s what investors are thinking.

But when defaults do occur – as they have a nasty tendency to do – or before they even occur, investors have less recourse and fewer protections, and losses can be much higher.

The Fed and the OCC have been jawboning banks into backing off with leveraged loans for three years. Banks can get stuck with leveraged loans. They did during the Financial Crisis, which helped sink the banks. That’s when investors found out that leveraged loans are not exactly, as they say, as good as gold. But back then, the proportion of covenant lite loans was much smaller. So next time, the ride will be wilder.

Why do investors do this? They’re chasing yield, little else matters, and companies take advantage of that. LCD about the covenant lite loans:

For obvious reasons, they are more attractive to issuers, and have gained steady acceptance from loan arrangers [banks] and investors, particularly since 2012, when the US leveraged loan market found a higher gear after the financial crisis of 2007-08.

Then again, as naysayers are fond of pointing out, they’ve never comprised this much of the market before, so they will be under scrutiny once the current credit cycle turns.

Read More @ WolfStreet.com