Bloomberg asked economists what chart scared them and why
A collection of scary charts from Bloomberg is good food for thought ahead of tonight's candy.
Here's what BlackRock CIO of global fixed income Rick Rieder had to say:
"It is 'scary' that U.S. government debt with a two-year maturity offers 1.25 percent more yield to investors than European corporate bonds with three- to five-year maturities. European companies operate in a slower growth region and must finance in uncertain environments given the cyclical nature of that economy. Investors should be compensated with more yield for taking on more risk."
As for me, I wrote about bets on low volatility yesterday. That's where I think the genesis of the next crisis is buried.
