“Prepare for everything and nothing will happen…” Brace! Brace! Brace! Have we arrived at the moment when the global economy and markets tumble into a proverbial hole? Relax! Markets always overreact, and things are never as bad as the papers say, but the bad news...
The Financial Stability Oversight Council, a panel of top U.S. regulators charged with preventing future financial crises, met Thursday to discuss the past decade’s surge in corporate borrowing, much of it by companies with junk-grade credit rating. An economic...