Credit Spreads - Is That a Good Thing?

Daniel Treisman: I think stress will only continue to worsen in the weeks ahead. The fed is actively trying to continue to tighten financial conditions, and they're likely to succeed in doing that. And one last support factor that, i know we've said in previous podcast, but at least bears worth mentioning again, is just the supply of reserves in the system That mechanically pushes investment out the credit spectrum.