Fed’s Rates Not Restrictive for Markets. Financial Conditions Ultra-Loose. Manias Form, Margin Debt Blows Out, Junk Bonds Party in La-La-Land

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Fed’s Rates Not Restrictive for Markets. Financial Conditions Ultra-Loose. Manias Form, Margin Debt Blows Out, Junk Bonds Party in La-La-Land

nakedcapitalism.com/2025/07/feds-rates-not-restrictive-for-markets-financial-conditions-ultra-loose-manias-form-margin-debt-blows-out-junk-bonds-party-in-la-la-land.html

Yves here. We’ve been making asides in Links and in posts about how frothy markets are. Investors seem to show no sign of fear, which historically has been a precursor to bad outcomes. Wolf does note a few exceptions, to which one should add private equity fundraising.
Wolf’s big point…

This story appeared on nakedcapitalism.com, 2025-07-28 08:07:53.