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Here’s What Wall Street Thinks About The Fed’s ‘Hawkish’ Hike
By now, you've presumably had time to digest the Fed hike, form your own opinion about the changes t
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“Given the recent increases in auto and credit card delinquency rates, there is evidence of growing financial strains on mid-to-lower-credit households that may weaken overall economic growth into 2020.” – Wells.
Imagine that! https://www.bloomberg.com/news/articles/2018-05-14/consumers-skip-more-high-rate-auto-payments-than-during-crisis
It will be interesting to see what happens to credit spreads and the HY bond market over the next 12-18 months as nominal rates continue to rise. Perhaps the highly leveraged zombie corporations will begin to get wobbly and start to shake out. They’ve held steady so far,
Thanks for collecting the info together H….