Are central banks losing control?
Because manipulation suddenly stopped?
Investors are beginning to lose real money.
But who knew what and when?
IPOs would overwhelm the stock market. Last time this happened: 2000.
Sense of desperation among CEOs?
Investment bank pulls rug out from under self-satisfied complacent markets.
One of the largest junk-debt deals ever takes shape. Largest one is now in bankruptcy.
Vast US municipal bond market gets messy.
When all this money scrambles for the exits, it’s not going to be pretty.