While the bear market in stocks has been alarming, dislocations in the corporate credit markets are arguably more dangerous for the stability of the financial system and the economy. Winifred Cisar, head of credit strategy at Wells Fargo Securities, gives her thoughts on the situation.
Mentioned in this podcast:
Global Credit Market Turmoil Rips From Australia to U.S. Munis
Fed Feels Heat to Pump Out More Loans, Go Past Crisis-Era Rules