03-09-2020, 02:00 PM
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#5
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Canceled
Join Date: Jun 2003
Location: vt
Posts: 13,429
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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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Frasier: Niles, I’ve just had the most marvelous idea for a website! People will post their opinions, cheeky bon mots, and insights, and others will reply in kind!
Niles: You have met “people”, haven’t you?
Lets Go Darwin
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