We have two days to go before we find out the impact of the "quadruple witching" and sector rotation that took place on Friday. Meanwhile, for your amusement this weekend, I present below a graphic illustrating exactly what went wrong between '02 and '07 to trigger the Great Recession. As the graph shows, the mortgage bond market exploded with fury during these years, most of them being unsecured. Enjoy the nice cool weekend.
Sat 9-22-18 10 Weekend Reads - The Big Picture
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