BofA Issues Dramatic Junk Bond Meltdown Warning: This “Train Wreck Is Accelerating”

On Tuesday, Carl Icahn reiterated his feelings about the interplay between low interest rates, HY credit, and ETFs. The self-feeding dynamic that Icahn described earlier this year and outlined again today in a new video entitled “Danger Ahead” is something we’ve spent an extraordinary amount of time delineating over the last nine or so months. […]
To access this post, you must purchase Monthly Subscription, Quarterly Subscription or Annual Subscription.