The Fed Is Warning About A New Sub-Prime Crisis This Time It’s CLO’s And Business Debt
- Silver Report Uncut Published on May 21, 2019
The Fed has issued another warning about the U.S. Economy. I think this time it’s so people don’t say they were ignorant of the elephant in the room. Corporate debt and Sub-Prime corporate debt to boot. The Fed is warning that the full extent of the damage cannot be know if investors panic and there is a rush for the exits. Jerome Powell Believes many highly indebted companies and their investors could be in a world of trouble if the economy deteriorates.
end