A super-sized episode. Jim, Evan and Phil discuss the latest financial happenings. Sabrina Fox, executive advisor of ELFA Investor Group, details the challenges awaiting creditors in Europe's loan and high-yield debt markets.

@freewheelingfox

https://www.linkedin.com/in/sabrina-fox-45b29b7b/

https://elfainvestors.com/

1:12 Unicorns: Where's the beef?

11:06 This Compass points away from the profits

15:38 European credit, a bird's-eye view

23:02 Covenant erosion on either side of the Atlantic

29:33 Information asymmetry and liquidity in the secondary market

Subscribe to Grant's Podcast on iTunes, Stitcher, iHeart Radio and Google Play Music. Grant's Interest Rate Observer is available at http://www.grantspub.com