The original liability-management exercise; A flat-out bargain in Brazilian retail; Chaos and ambiguity; How to find tech value without getting burned; Precise underwriting and quality collateral; Call it the DTC framework; An incredibly thin margin of safety; Where are today’s cyclical risks residing?; “Creditors working out loans with borrowers is nothing new”; A perfect storm for the alcohol industry; Retrenchment may be the next order of business; How far could U.S. equities derate?
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