It’s beginning to look more and more like 2008… or 2000… or 1929. The leveraged loan market of 2019, for example, looks a lot like the mortgage market of 2008, with $1 trillion of debt and securities packaged with tranches of mystery meat and stuck together like a bad sausage.
https://bonnerandpartners.com/our-crash-alert-flag-is-still-flying/
