192: Kevin Muir – ‘Whatever It Takes’—How Reserve Banks React to Economic Pressure
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The Fed's Concerns About the Stock Market
The credit market is both government bonds and also corporate bonds. It's just all the day-to-day functioning of the credit that goes back and forth between companies, he says. The aggregate corporate spread went from 100 basis points to 365 in the space of two weeks. Companies that used to be able to borrow money at 5% now had to pay 13%.
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