The Not (Yet) Credit Crisis

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The Not (Yet) Credit Crisis

 

Markets are again testing the boundaries. We are not yet at the cliff-edge, but Treasury yields are hurtling towards it. The underlying problem is too much debt and the on-going burden of re-financing it. This ultimately requires more liquidity. The Fed has not yet thrown in the towel, but we anticipate a new acronym is coming: QS denoting a new policy of ‘quantitative support’ for markets.

 

 

See our latest published research, Global View - The Not (Yet) Credit Crisis – 5th October 2023

 

 

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