Get smarter about valuing businesses in just a few minutes each week.

August 08, 2023 | The credit rating agencies are back in the news. No, Moody’s isn’t making headlines for following Fitch’s footsteps last week by downgrading the U.S. government — it’s the last of the big three who still gives the U.S.A. a perfect credit rating. Instead, the firm turned its attention to U.S. banks.

August 07, 2023 | Apartment complexes are in trouble. Not because of a lack of demand, though. Rather, higher interest rates have made debt costs unmanageable, threatening to “wipe out many multifamily owners across the country,” writes the Wall Street Journal.

August 2, 2023 | For the second time in 12 years, one of the big three credit rating agencies is downgrading the U.S.

August 01, 2023 | Heat waves continue in many parts of the world, so it’s worth considering another economic impact of a warming climate: Increased borrowing costs for cities, countries, and companies.

July 31, 2023 | Stocks always go up, right? Not exactly, but they are supposed to deliver superior returns to bonds.