“This year is unlike anything ever seen in the history of finance.”
They’re all getting ready for tomorrow.
Worst drop in the “net outlook bias” since the Financial Crisis.
“We are looking at real carnage….”
A Vicious Circle.
The toxic miasma of “distressed debt.”
And Bond Investors Are Getting Nervous.
Bond investors, armed with other people’s money, haven’t got the message yet.
Acrid Smell of Burned Fingers Wafts through the Bond Market.
Financial contagion spreads to the US.