Thursday, August 7, 2014
JUNK BOND COLLAPSE WILL DESTROY AMERICAN ECONOMY, USHER IN NEW DARK AGE, MAKE BABY JESUS CRY: here's what you need to know
Josh Brown's Twitter - OMG $7B weekly outflow in junk bond funds the largest EVARRR.
So I googled for a few seconds and came across a stat that said the US had $180B in junk bond issuance in 1H14 alone.
Duh Economist says there's $1.7 trillion in high-yield debt altogether or something.
So $7B is a fart in the hurricane.
But that doesn't matter, because these two charts show the same shit has happened every single fucking year around this time:
Both of those show higher volumes in 2013 than this year, btw, so I dunno where they're getting their stats from. And yet no fucking asteroid ever hit us in 2013.
But even those two charts don't matter because the fact is, if this is being carried on that fucking Russian propaganda site Zerohedge, and on that click-whoring site Business Insider, then it's not fucking news.
Now why don't you all fuck off and let me get back to my drinking.