Keep an Eye on This US Car Parts Supplier Bankruptcy
First Brands has caused a commotion in the opaque world of private lending.
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Welcome to the multi-award-winning Money Distilled newsletter. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.
How do bubbles burst? Turning points are always hard to call. But it usually involves a nasty dose of reality. Owners of assets find out the hard way that those assets are not worth what they thought they were. The bigger the bubble, the bigger the spread between the perceived price and the actual price.