Mr. McDonald knows what he’s talking about. As a former vice-president of distressed debt trading at Lehman Brothers he witnessed the meltdown of the global financial system first hand. Today, he runs the The Bear Traps Report, an independent investment research service for institutional investors. In this in-depth interview with The Market/NZZ, Mr. McDonald warns of rising defaults in the credit markets and points out that large public borrowers such as Italy and New York State are going to need bailouts of historic proportions. However, he spots opportunities in the metals and mining sector.
Jonathan Ferro highlights the market-moving news you need to know heading into the opening bell on Wall Street. Stocks climbed on some signs the coronavirus outbreak is either leveling off or easing, with traders assessing the first reports of the cloudy corporate earnings season. Gerard Cassidy of RBC Capital Markets, Eric Stein of Eaton Vance, Subadra Rajappa of Societe Generale, Larry McDonald of Bear Traps Report, IMF Chief Economist Gita Gopinath and Stephen Laipply of BlackRock discuss markets and policy responses to the coronavirus outbreak.
Market Rebelion, CNBC's contributor John Najarian 1 on 1 with Larry McDonald, founder and editor of The Bear Traps Report.
Lawrence McDonald, Founder and Editor of The Bear Traps Report, former executive of Lehman Brothers, shares his perspective on the COVID-19 crisis based on his experience during the 2008 financial crisis
Larry McDonald, editor of the Bear Traps Report, talks markets, global equities and treasuries amid global tensions and lax fiscal policy guidance globally.