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It's a very dry patch of grass waiting to be lit by something like a set of defaults in Asia which sets of a minor panic elsewhere.
by sonnyblarney 8y ago
It's a very dry patch of grass waiting to be lit by something like a set of defaults in Asia which sets of a minor panic elsewhere.
- pishpash 8y agoThere have been corporate defaults in Asia since 2015-2016. This looks more like a soft landing at this point, unless Powell decides to keep tightening. But all signs point to this rate-raising cycle being over, and in anticipation of that, financial conditions have already substantially eased just in the last couple of months.