- Pension funds need 7% returns to meet liabilities
- Only things that make that returns are junk bonds wrapped in variance swaps
- Central banks buy junk bonds to keep market liquid
- Pension funds meet liabilities buy buying junk bonds from zombie corporations
- Junk zombie corps stay afloat from stimulus
- Gresham's law kicks in, bad money pushes out good money
- Huge rotation into junk and out of companies that innovate and grow (tech)
- Only things that make that returns are junk bonds wrapped in variance swaps
- Central banks buy junk bonds to keep market liquid
- Pension funds meet liabilities buy buying junk bonds from zombie corporations
- Junk zombie corps stay afloat from stimulus
- Gresham's law kicks in, bad money pushes out good money
- Huge rotation into junk and out of companies that innovate and grow (tech)
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。