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Pete F. · 03-09-2020, 02:00 PM

The other thing that happened was U.S. credit markets exploded from $2 trillion in 2008 to $7 trillion today.

That's driven by single-A and BBB paper which could easily fall into junk, or non-investment grade territory.

With a possible recession we will likely need a bailout again for banks too big to fail.
And those people who invested in Bonds with great yields to be "safe" because they were getting towards retirement.

03-09-2020, 02:00 PM	#5
Pete F. Canceled Join Date: Jun 2003 Location: vt Posts: 13,429	The other thing that happened was U.S. credit markets exploded from $2 trillion in 2008 to $7 trillion today. That's driven by single-A and BBB paper which could easily fall into junk, or non-investment grade territory. With a possible recession we will likely need a bailout again for banks too big to fail. And those people who invested in Bonds with great yields to be "safe" because they were getting towards retirement.
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