
Everything Is Awesome – ‘Ear To Ear Baby’
People have a tendency to call equities the "last man standing" or some derivation thereof. We're probably just as guilty of that as anyone with our cynical "sacred cow" jokes and graphics that depict worshippers clad in robes emblazoned with online brokerage logos praying to a BTFD bovine.
But if anyone has been keen on simultaneously pointing out that credit is in fact that most bulletproof of all Teflon assets, it's been us. As one credit analysts we spoke to earlier this year put it durin