Corporate bonds are in a meltdown because the corporate debt bubble is bursting. See my warning about this bubble in Forbes (it's from late-2018, but is still relevant): forbes.com/sites/jessecol… $LQD $HYG 
The corporate debt bubble is one of the bubbles that I've been saying will cause the next depression/recession (yes, I said that pre-coronavirus...because it was true then and it's true now).
After the Financial Crisis, U.S. corporate debt surged by over $2.5 trillion or 40%.
That debt binge was a major driver of our bogus economic recovery.
That's why I called it a "Bubblecovery"!
Now, it's all falling apart - very predictable
forbes.com/sites/jessecol… $LQD $HYG
That debt binge was a major driver of our bogus economic recovery.
That's why I called it a "Bubblecovery"!
Now, it's all falling apart - very predictable
forbes.com/sites/jessecol… $LQD $HYG
Now, even investment-grade bonds that the mainstream investment world thought were safe (not me!) are crashing and their yields are soaring, creating horrifying charts like this one:
Can you folks understand my frustrations and why I felt so helpless?
I KNEW that we were heading for "The Big One" but nobody cared at that time aside from my eccentric, fringey readers!
People just didn't care...it was a giant bubble party.
I KNEW that we were heading for "The Big One" but nobody cared at that time aside from my eccentric, fringey readers!
People just didn't care...it was a giant bubble party.
It's time for the mainstream economics world to admit something: you were wrong and those who were warning about bubbles were right.
Zero Hedge, Peter Schiff, David Rosenberg, Albert Edwards, myself (and others) were right for warning about these risks
The End.
Zero Hedge, Peter Schiff, David Rosenberg, Albert Edwards, myself (and others) were right for warning about these risks
The End.
Even if you were warning that we were in a bubble in 2011, 2012...2017, 2018, etc., you were right.
Why? Because tremendous risk was building up at that time. This bubble didn't just form in the last year or two!
Read my explanation for more detail: zerohedge.com/news/2019-04-2…
Why? Because tremendous risk was building up at that time. This bubble didn't just form in the last year or two!
Read my explanation for more detail: zerohedge.com/news/2019-04-2…
"Yeah, but the market went up during that time!"
I don't care...I don't care. Forget that blasted market.
All of those gains are going "poof!" in a matter of weeks and those bullish fools never even got a chance to sell! (and it's just getting started).
I don't care...I don't care. Forget that blasted market.
All of those gains are going "poof!" in a matter of weeks and those bullish fools never even got a chance to sell! (and it's just getting started).
