User: Brian Ripley: CAD Economy: Credit Default Cycles
Credit Default Cycles
The top panel shows U.S. non-financial corporate debt to GDP at levels where credit defaults start hitting the front page. The lower panel shows the cumulative flow of investment funds in the U.S. and illustrates that institutional money is way ahead of private client money in getting out of the way of market risk to the downside. More charts at www.chpc,biz
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