$550 Billion Energy Junk Bond Bubble Busts; "Whac-A-Mole" Distortions in Multiple Markets
MishTalk
DECEMBER 11, 2014
Kudos to Bloomberg writers Christine Idzelis and Craig Torres for placing blame precisely where it belongs in their report Fed Bubble Bursts in $550 Billion of Energy Debt. CJES), postponed financings this month as sentiment soured. markets as unprecedented Fed stimulus fuels a hunt for yield. And this is a mania.”
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