Wall Street Mood Turns Apocalyptic With Majority Expecting “Systemic Credit Event” Out Of Shadow Banking Sector: FMS Survey
- Wall Street Mood Turns Apocalyptic With Majority Expecting “Systemic Credit Event” Out Of Shadow Banking Sector: FMS Survey
by Tyler Durden, https://www.zerohedge.com/
For the past several years, we have mocked the monthly Bank of America Fund Manager Survey because what it reveals is never what its respondents are actually doing, but rather what they think they should say in the context of their peers. As such, it is a game theory mirror game that while useless in revealing what is going on at any given moment on Wall Street, shine a bright light on what the dominant Wall Street reverse psychology is at any given moment.
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