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BOND ROUT!!!! (Now With Additional Exclamations)

By |2018-03-12T17:50:13+00:00March 12th, 2018|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Ten years ago today, one of Carlyle Group’s mortgage funds, Carlyle Capital Corp (CCC), was seized by creditors. Precipitated by dwindling liquidity, the fund’s effective insolvency would amplify those global “dollar” pressures and lead to Bear Stearns’ untimely demise mere days later. The fund’s corporate parent issued a statement on March 6, 2008, that read: [...]