> While crises precipitated by different catalysts don’t make for apples-to-apples comparisons, spreads increased much less during the pandemic than in the two

> While crises precipitated by different catalysts don’t make for apples-to-apples comparisons, spreads increased much less during the pandemic than in the two previous sell-offs. well, the other crises were about market bottoms falling out. the pandemic crisis was nothing but manipulation waiting exactly for the central banks to dump free money