A risky mortgage instrument that helped spark the Great Financial Crisis is on the rise again. It’s a gamble on the Fed’s future direction

Before the crash of 2008, a decline in home prices was inconceivable to the market. Is the modern equivalent a Federal rate ...
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The Hidden Math of PIK: Liquidity Now, Risk Later

PIK debt offers short-term relief but compounds long-term risk, as deferring cash payments increases leverage and sets the stage for potential financial collapse.