/biz/ - Business & Finance

>>21039832
How high will link go

>>17854721
>BTW, they started chopping these up into collateralized loan obligations like mortgages and stamping them AAA. They invented covenant light, aka cov-lite loans, which are basically the equivalent of ninja mortgages. Companies had no restrictions on uses and didn't have to produce financials to borrow. Some even used billions in loans for "debt funded dividends."
literally 2008 subprime shenanigans times 1 gorillion
housing crisis would be peanuts compared to the insane amount of damage that such a fuckmassive crunch would cause.

>But there are no credit default swaps, right?
>No, these are all hedged with trillions and trillions in interest rate swaps. Interest rate swaps were small.in 2008. $250 trillion today, by far far far and away the biggest derivative class. They are less risky but have systemic counterparty risk. If bonds go fallen angel, 2008 is going to look like the early 1900s crashes and 2020 is going to look like 1929.
^^^^^THIS^^^^^ is the part that has me convinced this is the end of the civilized world

FUCK the fucking meme flu
if this bomb goes off, we will all be daydreaming of the days of 2-4% global fatality rate, and a max life expectancy of 65, from a pandemic turned endemic
you guys are NOT seeing the bigger picture here
if corporate debt bubble pops were unironically madmax nao

>>17705310

>>17367095
this

>>16877162
this tho

>>12885452
this

>>12169366
this desu senpaitachi