So what happened?
In a “downward spiral.”
Banks are on the hook. Shareholders get slammed.
The “liquidity death spiral.”
The Corporate Dumb Money.
I wouldn’t say I’m scared, but I have a general anxiety of “something bad” happening.
Central Banks crushed a very effective hedge against a rout in stocks.
Acrid Smell of Burned Fingers Wafts through the Bond Market.
Getting treacherous out there.
The reason corporate revenues are so crummy?