“As The Beast Sleeps, The Tendency Is Toward Complacency”

To be sure, we've spilled gallons upon gallons of digital ink in these virtual pages shouting about how complacent credit (both IG and HY) is. You can read some of the more recent posts here: This Is A Bubble Wednesday’s Equity Bloodbath Produced A 94th Percentile Moment Bill Gross Will Do 2 Things: Short High Yield And Talk About Himself In The Third Person And while those are good, these two older pieces are perhaps more entertaining: Stocks May Be Asleep, But Credit Is Passed The Fu