As if 0% rates aren't Zombifying☠️💀☠️ Europe's banks already……witness the Cov-Lite problem🤦♂️
How many ECB economists🤡 does it take to see a problem and fix it ahead of time? #Corrupt pic.twitter.com/NhtoZ060KY
— M/I_Investments (@MI_Investments) July 31, 2020
U.S. insurance companies own $158 billion in CLOs, assets that are experiencing increasingly serious stress during this crisis.
Meanwhile, not a single insurer–even the largest, most complex, & interconnected global firms–face strong federal oversight. https://t.co/Fdw0wTNsjj
— Gregg Gelzinis (@FinGregg) July 30, 2020