The next recession is gonna be a monster, isn’t it.
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Replying to @generativist
Less likely because banks are much better capitalized so we won't see another '08-09, but there's risk in rising corporate debt defaults after a decade of cheap borrowing. I just don't think anyone knows what spark will ignite the blaze (falling trade, soaring oil prices, etc.)
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Replying to @sodaned
Yea that’s the thing. People are tearing out and reselling redundancies everywhere. Predicting which fails is he; but the systemic slack and buffer capacity is dropping in so many places...
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Replying to @generativist
I read an article talking collateralized loan obligations that bundle corporate debt kind of like the CDOs of the subprime mess. I started hedging with treasury bonds late last year in anticipation of this house of cards crashing down...https://www.economist.com/briefing/2019/03/14/should-the-world-worry-about-americas-corporate-debt-mountain …
1 reply 0 retweets 1 like
Thanks I’ll look a little later
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