Megan Greene on the UK’s Recent Market Turmoil and What it Means for the Future of the Global Economy
Macro Musings with David Beckworth
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Is the Fed Going to Buy Corporate Bonds Again?
There is a moral hazard issue potentially with this and it happened with the Bank of England as well. The Fed did open up the corporate bond facilities or several of them received a lot of criticism for it. I wonder to what extent these corporate bond markets are expecting that to be turned on again should push come to shove and something awful happened. We just don't have canaries in the coal mine and shadow banking. So we'll know it when it hits us, but not much before that.
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