The Most Powerful Man in Washington Stays Put, How to Buy a Correction (with Tony Dwyer)
The Compound and Friends
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The Fed Backstopped the Corporate Credit Market
What the Fed did by backstopping the corporate credit market is all the pension plans and investors, they wanted to get return and interest return. All the companies that needed to stay in business were able to do so because these investors bought their bonds. So not only did they issue debt at a historically low interest rate, they did it in a record amount.
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