Macro Tourist, Bill Dudley Think Carl Icahn May (Eventually) Be Right On Corporate Debt ‘Time Bomb’
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I rarely follow former FOMC Board Members as too often their "private-sector-personas" are way tougher than their "sitting-on-the-board-guises". However, this week's Bill Dudley's Bloomberg Opinion piece caught my attention - "Two Risks to Stability Build Amid Short-Term Calm".
Sure, his economic orthodoxy shines through with his "chronic budget deficits require large increases in the supply of Treasury debt" rhetoric. I have little interest in discussin
Very helpful information and insight here, Kevin. Thank you. For those of us who are limited to Bloomberg and (much worse) CNBC for perspective, your writings (and Walt’s writings) are extremely useful. My regards.
So one moral of the story is stretch out your maturities while you still can.
(BTW, AAA issuers are practically an extinct species.)
Yeah, this is for sure a (too?) scary scenario, but in a rigged financial world, I would not be surprised if we have some serious market interferrence, what will stop the FED to target junk bonds financing to protect the jobs of the american people ?