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 with the three bubbles since 1999. At least Greenspan was wise enough to pop both prior bubbles by withdrawing excess Y2K liquidity in 2000 and raising int rates back to 5% in 2006. Can't say the same @ this Fed, which is why the bubble is far higher 👇 pic.twitter.com/u0KxgtZLoj
— M/1_LP (@MI_Investments) September 12, 2018
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