If corporate debt markets were pricing in a serious risk of recession you would expect more junk spread than this:
@rbrtrmstrng @EthanYWu Unhedged essential reading.
ft.com/content/2c1bef… https://t.co/lkAj847cgH
In 1994 Barry Posen devised a defense strategy for a newly independent Ukraine which envisioned a Manstein-styel flexible defense v.
In 1994 Barry Posen devised a defense strategy for a newly independent Ukraine which envisioned a Manstein-styel flexible defense v. Russian attack. See Chartbook Newsletter