This week on Off The Cuff Michael Gayed, CFA, and I discussed his views on the markets, the economy, and where they are headed.
Michael thinks there’s a “credit event” coming that will shake it all up.
What’s a credit event?
That’s a “Lehman moment” or a string of bank failures that cascade to other institutions weakening or even destroying them.
It’s when someone can’t pay their debts back and that sets off a wide range of downstream and related events.
It might come from China, it might come out of left field, but sooner or later there will be other victims of the Fed’s rate-hiking campaign.
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by helix2