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U.K. Crisis Spills Into U.S. Junk Debt
@kate930 Anybody else getting those 2008 vibes right now? Edit - I get it, this is not 2008. It's different, I was alluding to the financial contagion spreading around the world. I don't think this is necessarily bearish either - it may force central banks to be more dovish, as in the UK where... -
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U.K. Crisis Spills Into U.S. Junk Debt
@resjudicata Totally agree, how are pension funds going to meet their obligations with bond yields near zero as they have been recently? Of course they're going to reach for leverage. Super-low interest rates have pushed everyone towards a riskier and riskier allocation to find yield.