That 7% may still be low, considering inflation running around near that neighborhood, but it puts a lot more strain on those companies. This means these companies that had trouble producing enough cash flow to service their 3% or 5% debt, have to refinance this debt when it comes due, or add new debt, at 7%. These “BB” junk bond yields have risen to nearly 7%. But that’s how it goes with yield-chasing.
In other words, investors risked life and limb to earn 3%, and now these investors are asked to surrender life and limb, so to speak. Companies are junk rated because they have too much debt and inadequate cash flow to service that debt. Interest rates are much higher, and investors are getting a little more prudent, and Easy Money is gone.Īt the peak of the Fed’s yield repression in mid-2021, “BB”-rated companies – so these companies are “junk” rated – could borrow at around 3% (my cheat sheet for corporate credit rating scales by ratings agency). Those yield-chasing investors kept even the most over-indebted zombies supplied with ever-more fresh money. It’s turning into a banner year for corporate bankruptcy filings, after years of Easy Money that caused all kinds of excesses, fueled by yield-chasing investors, in an environment where the Fed had repressed yields with all its might. It's no wonder the scene left such a big impression on Robbie.A cleansing process, long overdue, to whittle down the corporate debt overhang and clear out deadwood, at the expense of investors. Meanwhile, a pregnant Naomi is left to watch and worry. Over the course of 10 minutes, a sequence unfolds wherein Jordan, now extremely high, has to crawl his way back to his car, drive home, yell at an equally high Donnie for double-crossing him, and then save Donnie after he starts choking on a piece of ham. As the effects of the drug kick in, Jordan also realizes he's in serious trouble over his business dealings. Unfortunately, the Qualuudes he and Donnie (Jonah Hill) took that he believed were expired were, in fact, still active.
I remember sitting there going, 'I will never, ever film a scene like this again.'"įor those folks who need their memories jogged, that once-in-a-lifetime scene - the Quaalude scene - occurs in the final act of "The Wolf of Wall Street." At this point in the movie, Jordan drives out to his country club to make an important call. She continued, "Definitely the Quaalude scene. "Every single scene was absolutely insane," Robbie replied when asked by The Daily Beast which scene was the wildest to commit to film.
Your back is covered in a thousand red scratches.'" "I said, 'What is it?' And they said, 'you look like you've been whipped a million times. "Maybe real money is a bit softer, but the fake money is like paper, and when I got up off the bed, I turned around to get my robe and everyone gasped," Robbie recalled during the interview.
Wolf of wall street show mr money i quit meme it movie#
One thing Robbie found out is that the texture of movie money is different from the real thing, and she found out what sort of damage such a difference can make with some shocking observations from people on the set. If anyone is ever planning on having sex on top of a pile of cash: don't." In a 2017 interview with The Daily Beast, Robbie exclaimed, "I got a million paper cuts on my back from all that money! It's not as glamorous as it sounds. Like most film productions, fake cash was used in "The Wolf of Wall Street," and as it turns out, the bills - produced by prolific movie moneymaker RJR Props (via CNN) - left Robbie with an unusual cautionary tale to tell.
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