Who CARES if credit spreads narrow, and asset prices — including equities — go up?
谁会关心如果利差收窄和资产价格(包括证券)上涨呢?
Since 1930, no cycle has seen corporate credit spreads narrow so much so quickly, suggesting a rush to anything that pays a yield.
自1930年以来,没有哪个经济周期的企业信贷利差像现在这样快速大幅收窄,这似乎表明人们在一窝蜂追逐任何能产生收益的资产。
Since 1930, no cycle has seen corporate credit spreads narrow so much so quickly, suggesting a rush to anything that pays a yield.
自1930年以来,没有哪个经济周期的企业信贷利差像现在这样快速大幅收窄,这似乎表明人们在一窝蜂追逐任何能产生收益的资产。
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