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Making Corporate Debt Zombies Great Again, Part 2

Summary:
As we indicated in Part 1, the Fed’s corporate bond buying program is a dream come true for Wall Street speculators. After years of learning to front-run whatever the Fed is buying in the Treasury and GSE markets, speculators now know the exact corporate bond index and its company-by-company weightings that the Fed will attempt […]

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As we indicated in Part 1, the Fed’s corporate bond buying program is a dream come true for Wall Street speculators. After years of learning to front-run whatever the Fed is buying in the Treasury and GSE markets, speculators now know the exact corporate bond index and its company-by-company weightings that the Fed will attempt […]
David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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