3min chapter

Forward Guidance cover image

The “Everything Risk” Is Here | Ed Harrison

Forward Guidance

CHAPTER

The Slowing of the Credit Markets

The yield on the triple C's is going to 10%. That does sound bad, but one might argue, hey, you're lending to highly junk grade. And so I think that you're going to see more distress. Once that distress seeps in, then that's when the slowing will begin. The markets can't fully price all of that in. There's still the potential that inflation relents and Fed doesn't do 50 basis points hike.

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