Wolf Richter on the Keiser Report.
The Fed is trying to accomplish a soft landing — hence the extraordinarily slow rate hikes — but our history with soft landings is very spotty, and there has never been more debt than now:
Investors in the corporate bond market, particularly in junk bonds, are still blowing off the Fed. But not much longer. Read… Corporate Bond Market Gets Ready for Big Reset
Enjoy reading WOLF STREET and want to support it? Using ad blockers – I totally get why – but want to support the site? You can donate. I appreciate it immensely. Click on the beer and iced-tea mug to find out how:
Would you like to be notified via email when WOLF STREET publishes a new article? Sign up here.