Why am I still shocked that bad news gets no respect these days?  No, I’m serious.  It seems it doesn’t really matter when business, political or economic news stinks up the joint.  The gestalt teases out a good news narrative.  

Just think about it.  CPI prints cool… great news!  The economy is stable and earnings will keep growing, GDP will

As I’m no longer compelled to talk my book (in fact, I actually don’t have a book), I can now talk critically about legal opinions.  Not to bury the lede, but I am of the view that much of our transactional opinion practice is pretty silly and counterproductive.  But, on the other hand, I’m also compelled to

Good morning readers. I am taking the week off so my next commentary will come out the following. Hey it’s a holiday week (and I retired from Dechert yesterday…) a terrific coda to a rainy weekend so a week off seems a proportional response!). Next week, it will be the flaws and basic silliness of 

As I’m writing this, I’m getting ready to attend CREFC’s 30th New York City Annual Conference and bacchanal.  Once again, we will enjoy the company of our confreres, we will network, we will get educated (yes, CREFC members do actually attend substantive sessions) and will all enjoy the curious joys of the Marriott Marquis (are

As many of you know, I am retiring from Dechert LLP but anticipate staying active in our industry in my advisory vehicle, Jackstay Investments, LLC.  The firm has graciously given me the domain name CRUNCHEDCREDIT and hence, I will begin to resume publishing my commentaries in CrunchedCredit on an ongoing basis.  You will also be

I perhaps have a well-earned reputation for an excess of fascination for risks, downside, black swans and other things that prevent the good times from rolling.  Lover of Schadenfreude.  I hope not, but I do often feel compelled to point out risks that seem to be overlooked. 

I could be wrong (shocked…I’m shocked!).  What happens