This is not a technology boom…it’s a central bank liquidity bubble.
It’s 10% technology, 90% “funny money.”
We're experiencing the biggest asset bubble of all time, according to Bank of America – "disruptors" or e-commerce stocks like Amazon, Google, etc.
This is not a technology boom…it's a central bank liquidity bubble.
— Jesse Colombo (@TheBubbleBubble) February 18, 2020
US equity hegemony is nearing an extreme: Of the top 20 companies in MSCI World index, 19 are American and 45 of the top 50 are. „We all know that America is home to world leaders in technology, finance, etc., but that still seems awfully top-heavy,“ BBG’s Crise says. pic.twitter.com/feA3a1bb5w
— Holger Zschaepitz (@Schuldensuehner) February 18, 2020
If every leveraged-loan and high-yield bond deal is “cov-lite,” then none is.
Column on the state of play in the risky debt markets:t.co/L88d2O7xur
— Brian Chappatta (@BChappatta) February 18, 2020
Faith as a risk management strategy. t.co/cHbzyZIiZK
— Tony Nash (@TonyNashOnAsia) February 18, 2020
The crazy bond market remains. Central bank financial repression likely to lead US yields to negative territory sooner than we may think. pic.twitter.com/fYIOUivObN
— Daniel Lacalle (@dlacalle_IA) February 18, 2020
— VIX Squared (@vixsquared) February 18, 2020