What about Warsh? Rates down. Curve flat again. Bills v SOFR. Credit cycle shows up. CCCs + IG. Leveraged loans. AI debt gets rigid-er. Housing slump. Minicycles. PMIs mixed up.
What about Warsh? Rates down. Curve flat again. Bills v SOFR. Credit cycle shows up. CCCs + IG. Leveraged loans. AI debt gets rigid-er. Housing slump. Minicycles. PMIs mixed up.
