Today’s zombies can’t remember 2008, 2015, 2018 and they can’t even remember 2020. We’re dealing with super idiots now.

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Red-Hot CLOs Catapults Toward $1 Trillion Mark

Wall Street is packaging leveraged loans into bonds at a record pace, stretching bankers, lawyers and debt graders to the limit while showing no signs of slowing.Money managers that bundle and sell collateralized loan obligations are finding they have to make reservations with bond-rating firms months in advance to get a deal graded. Lawyers say they’re…

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More U.S. Stimulus Money Invested, Day Trading Widespread

The number of people investing U.S. stimulus money has risen sharply since last year, according to a survey released on Thursday by Betterment.com, and many respondents say they are actively day trading and expect to continue.

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