Junk-bond and leveraged-loan funds hit by “market conditions.”
Driven by central bankers who are “wiser than God.” But it might get even more hideous before this story ends.
Among those who’ll get to eat the losses: unsuspecting retail investors.
Revenues, earnings plunge. Liquidity dries up. Stocks eviscerated.
A desperate feeding frenzy takes its course.
It always pays to be cautious when other investors get greedy.
The central bank madmen are raging.
The incredibly ballooning balance sheet that no one can match (in one chart).
The bloodletting will go on until the money dries up.
The middle classes – aka “the voters” – expressed themselves last week. They have been sorely used and they know it.