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confluence

Amazing confluence of events is happening this 2018

July 8, 2018 9:29 am

Excellent article that spells out the current “big picture” global financial/economic situation Fiscal stimulus raises the odds of an inflation overshoot, prompting the Fed to lean more hawkish than they otherwise might. Meanwhile, the deluge of Treasury supply needed to …

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Recessions are always the result of a confluence of events that feed back on one another.

June 16, 2018 7:38 am

by NoReally I see a handful of things coming together 1 – intra-institution repurchase of CLOs stops, resulting in corporate debt default that can’t be dismissed by the covenant light hand waiving 2 – The impending 4% draw down begins to …

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