“As a reminder, about 40% of Russell 2000 companies have floating rate debt that is most likely priced off LIBOR. The ratio for S&P 500 companies is about 25%.” – @pboockvar
3-month LIBOR: pic.twitter.com/9WojiYRwtp
— Carl Quintanilla (@carlquintanilla) November 8, 2018
— Ronnie Stoeferle (@RonStoeferle) November 8, 2018
QE:s had no real effects, they said.
QT will have no effects, they claim.
Enough with this nonsense by central bankers and their minions.
— Tuomas Malinen (@mtmalinen) November 8, 2018
“Michael Cloherty, the head of U.S. interest rate strategy at RBC Capital Markets, is worried. ‘If the Fed keeps shrinking its balance sheet until it sees signs of stress, the question will be, ‘How ugly is that stress?’ I think it will be quite ugly.”
don't tell anyone but shipping rates collapse again pic.twitter.com/QyYSV3dh7p
— Alastair Williamson (@StockBoardAsset) November 8, 2018
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