More and more late-cycle financial news is emanating from the U.S. From the Financial Times tonight are found the following headline and sub-headlines:
US credit card ABS sales soar
Securitisation experiences revival
- ‘Slice and dice’ credit card deals return
- Wall St engineering revival of CDS
- Bundled US car loan deals enjoy comeback
- Riskiest US bonds enjoy strong demand
Loverly.
Nice, apt, informative analogy, to the atmosphere preceding the last crash.
Yep, it seems like the financial types are getting desperate, again.
Same old, same old pay wall.