Really interesting article and well put. Can you explain the concept of the Margin debt and junk bond yields? Particularly this part: "This didn’t end well last time as the reversion in the assets triggered repeated margin calls leading to a cycle of forced liquidations."
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Really interesting article and well put. Can you explain the concept of the Margin debt and junk bond yields? Particularly this part: "This didn’t end well last time as the reversion in the assets triggered repeated margin calls leading to a cycle of forced liquidations."
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