(1) Happy birthday, expansion, and many more! (2) No boom, no bust. (3) The Trauma of 2008. (4) Longest expansion is also one of the most lag-prone expansions. (5) Credit crunches cause recessions, not old age. (6) Distressed asset funds are the new shock absorber in the credit markets. (7) Not enough distressed assets for DAFs. (8) Powell’s mini credit meltdown. (9) Do buybacks drive the stock market or vice-versa? (10) Joe’s updated analysis still finds negligible impact of share count on stock performance.
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