The New Derivative That Could Wipe Out the Financial System

A CLO is not exactly a CDO. But it is another bunch of garbage. Yes, it might spark the next crisis, but don’t worry, it’s just a small aspect of the financial system. The risk is contained. It can’t possibly spread to other investments. Even if it did, the Fed has our back. Ray Dalio said we have a few more years until a recession. Everyone shops at Amazon nowadays. Stocks always rise over the long term anyway...and now back to reality.

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The Bomb That Blew Up in 2008? We’re Planting Another One
https://outline.com/ES6TsU
CLO Issuance Is Far Surpassing Other Types Of Asset-Backed Securities
https://www.forbes.com/sites/mayrarodriguezvalladares/2018/11/05/clo-issuance-is-far-surpassing-other-types-of-asset-backed-securities/#1c6ea42b1384
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CLOs Have Hit a Peak When Mom and Pop Show Up - Bloomberg
https://www.bloomberg.com/opinion/articles/2018-07-10/clos-have-hit-a-peak-when-mom-and-pop-show-up
Leveraged-Loan Protections Go From Bad to Worse - BNN Bloomberg
https://www.bnnbloomberg.ca/leveraged-loan-protections-go-from-bad-to-worse-1.1203610
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