ZIRP and QE make assets more valuable and prices more expensive it’s on purpose
https://twitter.com/OccupyWisdom/status/1039911899654221824 This absurdity in credit markets shows what the top of the business cycle looks like: Corporate debt at extreme levels, Fed in tightening mode, but credit spreads near record lows. This is perhaps the greatest highlight from Jeff Gundlach’s presentation yesterday. pic.twitter.com/X4YegQEW16 — Otavio (Tavi) Costa (@TaviCosta) September 12, 2018 History of bubbles along … Read more