That equities can run higher in the face of mounting risks is not as confounding as it might first appear. Credit drives the global Bubble – and Credit in the near-term is further benefiting from the outbreak.Overheated securities (speculative) Credit is really benefited.Global monetary stimulus is further assured – rate cuts and more QE. One can now add aggressive PBOC liquidity injections to the Fed and global central bank QE throwing gas on a speculative fire raging throughout global fixed-income markets.
No Comments
No comments yet.
RSS feed for comments on this post.
Sorry, the comment form is closed at this time.