Um, the corporate bond market has returned plus 45% since this time last year. If that is "decimating" the credit market, what's a bull market?
Um, the corporate bond market has returned plus 45% since this time last year. If that is "decimating" the credit market, what's a bull market?Well, the ferocious rally just got us back to where we were before the crash.
In any case, I don't think Forbes was talking just about market prices, but the deforming of the market itself, which will damage capital formation in the future as the overegulation takes effect.