We can’t say we weren’t warned. Janet Yellen warned us about Systemic Risk last year loud and clear:
“There has been a huge deterioration in corporate lending standards, particularly in the $1.3 trillion market for leveraged loans (a loan to a company that already has a lot of…
There has been a lot of commentary lately about how we can make Twitter “better”. This is understandable given the noisy mess that the service has become in recent years. It is a sad state of affairs to witness its decline.
So many absurd things become normalized over time.
Remember when it was strange that Central Banks did QE? Remember when Crypto Currencies first launched? Remember dial up Internet? When we first got these devices with glass screens with QWERTY keyboards?
What a joke the efficient markets hypothesis has become. Following the crisis in 2008, Central Banks worldwide have intentionally interfered in the global financial markets on the order of Trillions for the last decade.